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    42 Monterey Mills Rd Collierville, TN 38017

    For Sale
    $155,000

    Land - Unincorporated, TN

    Lot size:
    2.03 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 12 at 8:06 pm

    Property Features for 42 Monterey Mills Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RES
    Lot size
    2.03 Acres

    Building Details

    Architectural style
    Other

    HARRIS REALTY SERVICES, LLC (901) 372-8003 [email protected]

    Listing agent Chris Neely (901) 372-8003

    Listing date Nov 15, 2025

    MLS# 10193132 Listing URL

    Copyright © 2025 Memphis Area 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.

    Overview

    Residential Land in Monterey Farms

    This is one of the last lots remaining in Monterey Farms. It features a water feature in front with an elevated home site in the back. The owner has all entitlements to include septic approval and a perk test. Custom home plans that are 95% complete can be included with the purchase. The property is a short drive from Spring Creek Ranch golf course. The lot size is 2.03 acres and is located in Unincorporated, TN.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.650967
    Latitude
    35.132693

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    FAQs

    What type of property is this?
    Land - Residential land with water feature and elevated home site.
    Where is this land located?
    The property is located at 42 Monterey Mills Rd Collierville, TN.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - Includes 95% complete custom home plans; - All entitlements included (septic approval, perk test); - One of the last remaining lots in Monterey Farms
    (901) 372-8003
    Request Owner's contact information
    42 Monterey Mills Rd Collierville, TN 38017
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    Collierville, TN 38017
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    42 Monterey Mills Rd Collierville, TN 38017
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