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    Charming Country Home with Workshop Title is generated by Realmo AI

    1305 Banks Levey Rd, Cottage Grove, TN 38224

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    Claim this Listing
    For Sale
    Under Contract
    $359,900

    SINGLE_FAMILY - COTTAGE GROVE, TN

    Type:Farm
    Property size:
    2,145 SF
    Lot size:
    3.76 Acres
    Price / SF:
    $167/SF
    Added:
    Jul 4, 2025
    Days on Market:
    323
    Last Refresh:
    May 22 at 7:06 pm

    Property Features for 1305 Banks Levey Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Zoning
    N A
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Basement, Laundry Room, Bedroom 2, Dining Room
    Security features
    Security System
    Interior features
    Ceiling Fan(s), Window Treatments, Fireplace Insert, Washer/Dryer Hookup, Built-in Bookcases, Security System, Energy Efficient
    Exterior features
    Concrete Drive, Gravel Drive, Garden Space, Storage Building, Horses Permitted
    Fireplace
    1
    Appliances
    Refrigerator, Dishwasher, Microwave, Range/Oven-Electric
    Standard status
    Active Under Contract
    APN
    014.00
    Size
    2,145 SF
    Lot size
    3.76 Acres

    Taxes and HOA fees

    Tax Annual Amount
    376

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ductless, Central Air, Zoned
    Water source
    Well

    Building Details

    Year built
    1939
    Flooring type
    Carpet - Full, Wood, Vinyl
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Emory Bradley

    Listing agent Emory Bradley

    Listing office Moody Realty Company, Inc. 410 Tyson Ave., Paris, TN

    Listing date Jul 4, 2025

    MLS# 134380 Listing URL

    Copyright © 2026 Tennessee Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Remodeled in 2005 (kitchen in 2012) with updated roof and siding.
    • Sunroom addition with tilt windows, remote blinds, and electric fireplace.
    • Custom deck with built‑in benches for outdoor entertainment.
    • Workshop with roll‑up doors and access for yard equipment.
    • Peaceful, private country setting with abundant wildlife.
    • Close proximity to Paris, TN and Kentucky Lake.

    Overview

    This private country home is located in Henry County, Tennessee, offering a peaceful setting. The residence features three bedrooms and three bathrooms, providing comfort both inside and out. The home combines charm and country living, with custom lighting, shelving, and lighted display cases. The property underwent significant remodeling in 2005, with the kitchen updated in 2012. The roof and siding have been replaced. A sunroom addition includes tilt windows, remote blinds, and an electric fireplace. The sunroom opens onto a custom deck with built-in benches, suitable for outdoor entertainment. The deck leads to a large backyard, offering space for gardening. A workshop with two roll-up doors, a passage door, and access to the well and well tank is included, along with a door for mowers and other yard equipment. The property is located a short distance from Dollar General, approximately 10 minutes from Paris, and near Kentucky Lake. The property occupies 3.76 acres and the house has 2145 square feet of living space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alexander Cemetery H330 Cemetery

    Suggested Use

    Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cottage Grove
    County
    Henry
    State
    Tennessee
    Longitude
    -88.465387
    Latitude
    36.33011

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      Turnkey Restaurant and Home Package

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    FAQs

    What type of property is this?
    Farm - Peaceful 3-bedroom home on 3.76 acres near Kentucky Lake.
    Where is this farm located?
    The property is located at 1305 Banks Levey Rd Cottage Grove, TN.
    What is the asking price?
    The asking price for this property is $359,900.
    What are key features of this property?
    This property features: Remodeled in 2005 (kitchen in 2012) with updated roof and siding.; Sunroom addition with tilt windows, remote blinds, and electric fireplace.; Custom deck with built‑in benches for outdoor entertainment.
    (731) 697-0274
    We can help!
    Listing Contact
    Emory Bradley
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    1305 Banks Levey Rd, COTTAGE GROVE, TN 38224
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