Don't miss this 4.34 acres- with county taxes only ! just might be the spot for the dream home you have been waiting to build! There is 50ft entrance to land, needs clearing and culvert which would be buyers responsibility. This acreage is a "flag lot." adjoining neighbor will discuss easement if needed with driveway.
Property Details
Property Features
Listing Office:
Office Name: RE/MAX Right Way
Lot Features
Lot Information:
Lot: Rural Area
Lot Size: 4.34 Acres
Other
Directions Information:
Directions: head north on Hwy 51, turn right on to Melrose rd., property will be on your right.
Price Information
Listing Price Info
Price Summary:
List Price: $78,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Covington, TN.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$457
Per Month
Principal & Interest
$390
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$300
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Crestview Elementary School
151 Mark A Walker Blvd
Distance between this listing and this school3.05 miles
Public District Grades PK-5
5
/10
Brighton Elementary School
1201 Old Highway 51 S
Distance between this listing and this school3.89 miles
Public District Grades PK-5
3
/10
Austin Peay Elementary School
474 Academic Dr
Distance between this listing and this school4.74 miles
Public District Grades PK-5
Nearby Schools
4
/10
Crestview Middle School
201 Mark A Walker Blvd
Distance between this listing and this school2.93 miles
Public District Grades 6-8
4
/10
Covington Integrated Arts Academy
760 Bert Johnston Ave
Distance between this listing and this school3.10 miles
Public Magnet Grades PK-8
4
/10
Brighton Middle School
7785 Highway 51 S
Distance between this listing and this school4.04 miles
Public District Grades 6-8
Nearby Schools
5
/10
Covington High School
803 S College St
Distance between this listing and this school3.38 miles
Public District Grades 9-12
5
/10
Brighton High School
8045 Highway 51 S
Distance between this listing and this school4.36 miles
Public District Grades 9-12
7
/10
Munford High School
1080 McLaughlin Dr
Distance between this listing and this school7.84 miles
The neighbors living near this home have an average income of $26,316. Most Covington, TN residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 0 Melrose Rd
What is the listing price of this property?
The listing price of 0 Melrose Rd property is $78,000.
What type of property is this?
The property 0 Melrose Rd is land located in Covington, Tennessee, 38019.
Is this property for sale now?
Active Listing: 0 Melrose Rd is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 0 Melrose Rd in Covington, TN and zip code 38019. This home sits on a 4.34 acre lot. It has been listed on Rocket Homes since May 18, 2024 and is currently priced at $78,000.
In October 2024 more than 2 listings in Covington, TN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 3 were sold below. The inventory of homes for sale in Covington, TN between September 2024 and October 2024 increased by 23.7%.
From Rocket Homes Real Estate and based on county public records data.
Monster Trucks
Monster Trucks
NASCAR
Hunting
Wal-Mart
Dollar General
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
Chevrolet
GMC
Ram
Country
New Country