431 JerniganSomerville, TN 38068
- Residential income homes
- 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 homes
- Property subtype
- Small apartment buildings
- 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
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
Comparable in this City
Similar Nearby for Sale
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