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    Old Jackson Rd Somerville, TN 38068

    For Sale
    $1,199,000

    Land - Somerville, TN

    Lot size:
    122.99 Acres
    Days on Market:
    243
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for Old Jackson Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    Lot size
    122.99 Acres

    Building Details

    Architectural style
    Other

    Cheryl G Morris (901) 497-6998 [email protected]

    Listing agent Keith Morris (901) 235-6047

    Listing date Apr 17, 2025

    MLS# 10194522 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

    Fayette County Farm with Large Lake

    This 122.99-acre farm is located in northeast Fayette County. The property features a large, approximately 20-acre lake, constructed by the USDA in the 1960s as part of the Bearcreek Watershed Project. The land has frontage on both Old Jackson Road and Francis Drive. The property consists of mostly level fields interspersed with woodlots, offering multiple building sites. Electric and high-speed fiber optic services are available on both roads. A current survey of the property is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Somerville
    County
    Hardeman
    State
    Tennessee
    Longitude
    -89.168261
    Latitude
    35.401903

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    FAQs

    What type of property is this?
    Farm - 123-acre farm featuring a 20-acre lake and building sites.
    Where is this farm located?
    The property is located at Old Jackson Rd Somerville, TN.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: - Large 20-acre lake built by USDA.; - 123 +/- acres in northeast Fayette County.; - Electric and high-speed fiber optic internet available.
    (901) 235-6047
    Request Owner's contact information
    Old Jackson Rd Somerville, TN 38068
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    Somerville, TN 38068
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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
    Old Jackson Rd Somerville, TN 38068
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