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    385 Monterey Dr Collierville, TN 38017

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    For Sale
    $445,000

    Land with gentle terrain suitable for building one or two homes.

    Lot size:
    12.80 Acres

    Property Features for 385 Monterey Dr

    General Information

    Lot size
    12.80 Acres

    Source: Keller Williams Realty Memphis Central Agent Jimmy Reed

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Land for Residential Development

    This wooded land is well-situated for quiet enjoyment while remaining conveniently accessible. The property features gentle, rolling terrain, facilitating construction with minimal grading expenses. It offers substantial road frontage, allowing for the easy selection of one or two homesites. Herb Parsons Lake is nearby, and the Macon/269 Intersection is also within close proximity. The property can be divided into two parcels.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.63533
    Latitude
    35.130543

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    FAQs

    What type of property is this?
    Land - Land with gentle terrain suitable for building one or two homes.
    Where is this land located?
    The property is located at 385 Monterey Dr Collierville, TN.
    What is the asking price?
    The asking price for this property is $445,000.
    What are key features of this property?
    This property features: - Can be split into 2 parcels, offering flexibility for building multiple homes or investment.; - Gentle, rolling terrain makes it easy and cost-effective to build on.; - Abundant road frontage provides easy selection of homesites.
    (901) 461-1868
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    385 Monterey Dr 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
    385 Monterey Dr Collierville, TN 38017
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