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    38 Cherokee Trl Dyersburg, TN 38024

    For Sale
    $62,000

    Affordable Tennessee Residential Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional opportunity presents a vacant residential lot ideally situated in Dyersburg, Tennessee, at Lot 38 Cherokee Trail, zip code 38024. Priced affordably at $62,000, this property offers a blank canvas for your dream home. The lot itself has a recorded size of 0 square feet, though further investigation into the Dyer County land records may be necessary to confirm exact dimensions. The property is conveniently located within the city limits of Dyersburg, offering easy access to local amenities and services. This is a cash-only sale, requiring a 10% non-refundable down payment. The closing process is designed for efficiency, requiring completion within 30 days of either obtaining a performance bond or achieving substantial completion of any planned construction. This presents a unique chance to build in a desirable Tennessee location. Buyers are responsible for conducting their own due diligence regarding lot size and any necessary permits or approvals for construction. Act quickly to secure this prime residential building site. The property's coordinates are 36.0566301 latitude and -89.4041285 longitude.

    Property Features for 38 Cherokee Trl

    General Information

    Property type
    Land

    HighLights

    • $62,000 asking price for vacant land.
    • Residential land located in Dyer County, Tennessee.
    • Lot 38 Cherokee Trail, Dyersburg, TN 38024.
    • Lot size is 0 sq ft (requires further clarification).
    • 10% non‑refundable down payment required; closing within 30 days of performance bond or substantial completion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Dyersburg
    County
    Dyer
    State
    Tennessee
    Longitude
    -89.4041285
    Latitude
    36.0566301

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    FAQs

    What type of property is this?
    Land - Affordable Tennessee Residential Lot
    Where is this land located?
    The property is located at 38 Cherokee Trl Dyersburg, TN.
    What is the asking price?
    The asking price for this property is $62,000.
    What are key features of this property?
    This property features: $62,000 asking price for vacant land.; Residential land located in Dyer County, Tennessee.; Lot 38 Cherokee Trail, Dyersburg, TN 38024.
    Request Owner's contact information
    38 Cherokee Trl Dyersburg, TN 38024
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    Dyersburg, TN 38024
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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
    38 Cherokee Trl Dyersburg, TN 38024
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