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    389 Busby Rd Loretto, TN 38469

    For Sale
    $299,000

    New 3-bedroom, 2-bath home on 4.5 acres near Loretto.

    Property size:
    1,680 SF
    Lot size:
    3.75 Acres

    Property Features for 389 Busby Rd

    General Information

    Size
    1,680 SF
    Lot size
    3.75 Acres

    Building Details

    Year built
    2025

    Source: Keller Williams Realty Agent Jerri Etienne

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

    Overview

    New Home on 4.5 Acres

    This brand new manufactured home, situated on a permanent foundation, offers peaceful country living just outside the Loretto city limits. The property includes 4.5 acres with the option to purchase more land up to the full 10 acres. The home features 3 bedrooms and 2 baths, with an open-concept living area and a flexible bonus room suitable for a fourth bedroom, office, or playroom. Designed to pass all loan types, the property offers financing flexibility. City water and high-speed internet are available. The property provides room to expand or start a mini-farm, blending rural surroundings with proximity to town.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Loretto
    County
    Lawrence
    State
    Tennessee
    Longitude
    -87.473335
    Latitude
    35.119324

    Nearby Similar for Sale

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      Rigling Rd, Loretto, TN 38469
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    • $339,000
      1.00 Acre

      Loretto Mixed-Use Commercial Lot

      High-traffic location, excellent visibility. Great investment opportunity.
      309 Military St, Loretto, TN 38469
      View Details

    FAQs

    What type of property is this?
    Single family property - New 3-bedroom, 2-bath home on 4.5 acres near Loretto.
    Where is this single family property located?
    The property is located at 389 Busby Rd Loretto, TN.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Brand new 3-bedroom, 2-bath home on 4.5 acres outside city limits.; - Option to purchase additional land up to 10 acres.; - Open-concept living area with flexible bonus room (potential 4th bedroom/office).
    (931) 629-2207
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    389 Busby Rd Loretto, TN 38469
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    Loretto, TN 38469
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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
    389 Busby Rd Loretto, TN 38469
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