LOT 66 Big Hollow Rd, Monroe, TN 38573#
Monroe, TN 38573 | Overton County
Key Metrics#
| Metric | Value |
|---|
| Investment Score | 79/100 |
| Asking Price | $19,900 |
| Acreage | 1.0 acres |
| Price/Acre | $19,509/ac |
| County Median $/Ac | $32,724/ac |
| vs County Median | 59.6% |
| Days on Market | 711 |
| Flood Zone | Unknown |
| HOA | Unknown |
| Broker | Webb Real Estate Co. |
| Listing Type | FSBA |
Motivation Signals#
- 711 days on market
- Price dropped $20,100
- Absentee owner
| Field | Value |
|---|
| Owner | RONALD W HARRIS |
| Mailing Address | 125 CARRIAGE LN, MIDWAY, KY 40347-9781 |
| Assessed Value | $9,525 |
| Market Value | $38,100 |
| Annual Tax | $163 (2025) |
| Parcel # | 055L A 00100 |
| Zoning | Residential |
| Legal | DISTRICT: 04, COUNTY AREA: L20 |
Asking/Assessed Ratio: 2.09 (above assessed)
Offer Strategy#
| Level | Offer Price | % of Asking |
|---|
| Aggressive | $9,950 | 50% |
| Standard | $11,940 | 60% |
| Conservative | $13,930 | 70% |
Owner-Finance Projections#
Based on buying at $11,940 (standard offer), selling at 10% interest over 7 years
| Metric | Value |
|---|
| Sale Price (2.5x) | $29,850 |
| Down Payment (15%) | $4,477 |
| Financed Amount | $25,373 |
| Monthly Payment | $421 |
| Total Cash Received | $39,859 |
| Total Invested | $12,340 |
| Gross Profit | $27,519 |
| ROI | 223% |
Due Diligence Links#