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    Hwy 641 Hwy Parsons, TN 38363

    Sponsored
    For Sale
    $225,000

    Wooded acreage, unrestricted, build your dream.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 41.2-acre property, located on Highway 641 Highway in Parsons, Tennessee, presents a unique opportunity for diverse development. The expansive 1,793,365.2 square foot lot offers ample space for a variety of uses, including residential construction, agricultural pursuits, or a combination thereof. Its heavily wooded character provides significant privacy and a tranquil setting. The property's unrestricted nature allows for considerable flexibility in planning and development, making it an ideal canvas for realizing personal or commercial aspirations. Situated in Decatur County, Tennessee, with a 38363 zip code, this land parcel is conveniently located while maintaining a secluded atmosphere. The property's size and location make it a rare find, offering both seclusion and accessibility. Buyers are encouraged to explore the possibilities this expansive tract offers, from building a custom home to establishing a thriving farm operation. This is a chance to own a significant piece of Tennessee land with immense potential.

    Property Features for 0 Hwy 641 Hwy

    General Information

    Property type
    Multifamily properties

    HighLights

    • 41.2‑acre unrestricted land parcel in Parsons, TN.
    • 1,793,365.2 square foot lot ideal for residential, agricultural, or mixed‑use development.
    • Heavily wooded, offering privacy and a tranquil setting.
    • Conveniently located on Highway 641 in Decatur County, TN (zip code 38363).
    • Rare opportunity for significant development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Parsons
    County
    Decatur
    State
    Tennessee
    Longitude
    -88.1096118
    Latitude
    35.7040634

    Nearby Comparable

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    FAQs

    What type of property is this?
    Multifamily property - Wooded acreage, unrestricted, build your dream.
    Where is this multifamily property located?
    The property is located at Hwy 641 Hwy Parsons, TN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 41.2-acre unrestricted land parcel in Parsons, TN.; 1,793,365.2 square foot lot ideal for residential, agricultural, or mixed-use development.; Heavily wooded, offering privacy and a tranquil setting.
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    Hwy 641 Hwy Parsons, TN 38363
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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
    Hwy 641 Hwy Parsons, TN 38363
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