5.46 acres of land that presents a picturesque setting for building your dream home. The natural terrain offers potential for diverse landscaping opportunities and a tranquil environment. Close proximity to the neighboring cities of Millington and Munford.
Property Details
Property Features
Listing Office:
Office Name: BEST Real Estate Company
Lot Features
Lot Information:
Lot: Rural Area
Lot Size: 5.46 Acres
Other
Directions Information:
Directions: Wilkinsville Rd to Drummonds Rd to Richardson Landing. Land is on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $72,500
What can I afford?
Understand what home price range makes sense for your budget.
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.
$429
Per Month
Principal & Interest
$362
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
$284
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
6
/10
Drummonds Elementary School
5068 Drummonds Rd # 178
Distance between this listing and this school2.28 miles
Public District Grades PK-5
7
/10
Munford Elementary School
1200 McLaughlin Dr
Distance between this listing and this school7.60 miles
Public District Grades PK-5
7
/10
Atoka Elementary School
870 Rosemark Rd
Distance between this listing and this school10.23 miles
Public District Grades PK-5
Nearby Schools
7
/10
Munford Middle School
100 Education Ave
Distance between this listing and this school7.50 miles
Public District Grades 6-8
4
/10
Brighton Middle School
7785 Highway 51 S
Distance between this listing and this school10.67 miles
Public District Grades 6-8
6
/10
E. E. Jeter K-8 School
7662 Benjestown Rd
Distance between this listing and this school11.80 miles
Public District Grades KG-8
Nearby Schools
7
/10
Munford High School
1080 McLaughlin Dr
Distance between this listing and this school7.70 miles
Public District Grades 9-12
5
/10
Millington High School
8050 West St
Distance between this listing and this school9.73 miles
Public District Grades 9-12
5
/10
Brighton High School
8045 Highway 51 S
Distance between this listing and this school10.47 miles
The neighbors living near this home have an average income of $36,667. Most Tipton County, TN residents have annual incomes less than $35k. The majority of families are married, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 05 Richardson Landing Rd
What is the listing price of this property?
The listing price of 05 Richardson Landing Rd property is $72,500.
What type of property is this?
The property 05 Richardson Landing Rd is land located in Drummonds, Tennessee, 38023.
Is this property for sale now?
Active Listing: 05 Richardson Landing Rd is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 05 Richardson Landing Rd is 5.46 acres.
Interested in 05 Richardson Landing Rd? Let's connect.
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 05 Richardson Landing Rd in Drummonds, TN and zip code 38023. This home sits on a 5.46 acre lot. It has been listed on Rocket Homes since January 06, 2024 and is currently priced at $72,500.
While more than 6 listings in Tipton County, TN in November 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 27 were sold below. The inventory of homes for sale in Tipton County, TN between October 2024 and November 2024 increased by 0.5%.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
Monster Trucks
NASCAR
Academy Sports & Outdoors
Wal-Mart
Dollar General
Jimmy Johns
Hardee's
Applebees
Chevrolet
GMC
Ram
New Country
Country