Creek Dr, Monterey, TN 38574#
Monterey, TN 38574 | Putnam County
Key Metrics#
| Metric | Value |
|---|
| Investment Score | 77/100 |
| Asking Price | $18,900 |
| Acreage | 2.0 acres |
| Price/Acre | $9,450/ac |
| County Median $/Ac | $31,176/ac |
| vs County Median | 30.3% |
| Days on Market | 88 |
| Flood Zone | Unknown |
| HOA | Unknown |
| Broker | Baisley Hometown Realty, LLC |
| Listing Type | FSBA |
Motivation Signals#
- Price dropped $1,000
- Reduction: $1,000 (Apr 9)
- Absentee owner
| Field | Value |
|---|
| Owner | EJH & SONS CONSTRUCTION LLC |
| Mailing Address | 13116 TALL PINE CIR, FORT MYERS, FL 33907-5980 |
| Assessed Value | $7,500 |
| Market Value | $30,000 |
| Annual Tax | $85 (2024) |
| Last Sale | $8,995 (1997-03-22) |
| Parcel # | 035-167.00 |
| Zoning | Residential |
| Legal | CUMB COVE UNIT III PB 8 PG 228 BLK 19 LOT 9 |
Asking/Assessed Ratio: 2.52 (above assessed)
Offer Strategy#
| Level | Offer Price | % of Asking |
|---|
| Aggressive | $9,450 | 50% |
| Standard | $11,340 | 60% |
| Conservative | $13,230 | 70% |
Owner-Finance Projections#
Based on buying at $11,340 (standard offer), selling at 10% interest over 7 years
| Metric | Value |
|---|
| Sale Price (2.5x) | $28,350 |
| Down Payment (15%) | $4,252 |
| Financed Amount | $24,098 |
| Monthly Payment | $400 |
| Total Cash Received | $37,857 |
| Total Invested | $11,740 |
| Gross Profit | $26,117 |
| ROI | 222% |
Due Diligence Links#