431 JerniganSomerville, TN 38068

  • Residential income properties
  • 7,122 SF
Off market
$35,667,020 Estimated

Property Details for 431 Jernigan

Year built
1991
Lot size
3.56 AC
Property size (Sq ft)
7,122 SF
Property type
Residential income properties
Property subtype
Residential income homes
APN
024090 04202
APU
2409004202

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,272,448
    6.5%
    $1,174,567
    7%
    $1,090,669
  • Comparable approach

    Method
    Valuation
    Relative Method
    $860,608
    Geo Method
    $860,608
  • Alternative Use

    Use
    Valuation
    Residential
    $1,174,567
    Hospitality
    $1,075,897
    Educational
    $895,134
    Medical
    $925,919
    Retail
    $1,392,430
431 Jernigan, Somerville, Tennessee

Location Insight

City
Somerville
County
Fayette
State
Tennessee
Latitude
35.2361
Longitude
-89.3393
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$35,600
$287,000
$322,600
-
$89,000
$717,500
$806,500

FAQs

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