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Listed by Bob Sorey • Best Real Estate Advisors
$ 325,000
Est. payment /mo
Active
8 Phillips Rd Lebanon, TN 37087
5.23 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Connie Colbert Property
MLS Listing ID 2906992
HOA Y/N No
Annual Tax Amount $435
Lot Size 5.230 Acres
Acres 5.23
Property Description
Are you looking to purchase property that has an ability to build two homes upon it? For the record, finding land with the ability to follow established laws is extremely difficult to find. This 5.23 acres has enough soils to build one 5 bedroom house plus the road frontage which allows it to be subdivided. Wilson County requires that each land tract have its own 50 ft of public road access plus be a specific size lot before it can be subdivided. Considering this parcel's asking price and the minimal cost to subdivide it, you may want to look into this tract because it's very rare to find any building lots that can be subdivided and at this reasonable price. Deed restrictions are very minimal with requirements for size of the house, construction materials on the exterior and other reasonable requirements to protect your investment can be found in the media section. Notice that there is no HOA requirement. The rear of the property has a creek but FEMA does not show the property being listed on flood map which would require potentially expensive and mandatory flood insurance IF a mortgage was needed. With 190 feet of paved county road frontage and the tract has just over 1200 ft in depth not only meets the subdivision requirements but also shows the potential to build two single family houses at a reasonable cost for the land which typically is why most tracts of land cannot accomplish your goal of two houses being built on the lot beside each other. Subdivision into two building lots will require a surveyor to process the property and submit it to planning. Assistance by the listing broker to accomplish this subdivision process, step by step is not required but available to make the process easier for you. Meetings are held monthly and submission dates are published online in the media links for Wilson County planning department. Don't buy anything that hasn't been vetted as reasonable to subdivide and not take 6 or more months and lots of money to achieve the goal.
Location
State TN
County Wilson County
Zoning A1
Interior
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Lot Description Wooded
Sewer Septic Tank Available
Water Private
Schools
Elementary Schools Tuckers Crossroads Elementary
Middle Schools Tuckers Crossroads Elementary
High Schools Watertown High School
Others
Special Listing Condition Standard
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