Real Estate: Selling large tracts of land set stage for spring building

Nov 08, 2018 at 10:00 am by Michelle Willard

The main real estate story in October isn't a single sale. Instead, it is the cumulative sale of large tracks of land.

From Smyrna River of Life church selling five acres in Smyrna to George White and Ira Brody selling more 30 acres in Murfreesboro, most of the largest transactions in October were individuals selling what will presumably become subdivisions in the spring to development companies.

Also, undeveloped subdivided lots are still changing hands.

All this together tells me that the residential market is still healthy even if the third quarter did show a slight decline (2%) in closed sales and a significant decline (31%) in pending sales over 2017 across the midstate, according to data from Greater Nashville Realtors

Commercial Transactions

Seller

Buyer

Address

Price

Date

Smyrna River of Life Assembly of God

John Lee

5 acres on Sam Ridley Parkway

$3.6 million

 

Oct. 9

 

Richland South

Cornerstone Development

21.94 acres on Joe B. Jackson Parkway, Murfreesboro

$2.189 million

 

Oct. 15

 

Anthony Togrye

Nayan and Sital Patel

2 acres on Colonnade Drive in Verandas at Sam Ridley, Smyrna

$2.062 million

Oct. 10

 

Oakland Developments

RHB LLC

23.71 acres on Northside Drive, Murfreesboro

$1.45 million

 

10/18/18

Beach and Farrer Properties

Mini Storage Depot on Northfield Blvd.

1603-1609 W. Northfield Blvd., Murfreesboro

$1.175 million

 

Oct. 11

 

BD West Investment

WR Thompson Homes

23.55 acres on Faulkner Springs Drive, Murfreesboro

$1.113 million

Oct 25

 

Salem Creek Partnership

Black Mountain Builders

14 lots in Salem Creek, Murfreesboro

$1.05 million

 

Oct. 9

 

La Vergne LF Holdings

LGI Homes-TN

24 lots in The Cottages of Lake Forest, La Vergne

$984,414.55

Oct. 15

 

Larry & Susan Quesenberry and

Richard & Julie Peppers

Jewell Hale

2 lots at 3240 Memorial Blvd., Murfreesboro

$852,904.80

Oct. 11

 

Lineberry Properties

John and Mary Leinard, Leslie Hollis

244 River Rock Blvd., Murfreesboro

$750,000

 

Oct. 8

 

Salem Creek Partnership

Masterson Homes

10 lots in Hampton Park at Hillwood, Murfreesboro

$700,000

 

Oct. 8

Trudy Edwards and Robert Agee

Rudd Seeley Wallis LLC

105 River Rock Blvd., Murfreesboro

$675,000

 

Oct. 18

 

WLF Properties

Greenland Partners

8 lots on Yearwood Avenue, Murfreesboro

$575,000

 

Oct. 25

 

William Fryar

Greenland Partners

1.621 acres on Yearwood Avenue, Murfreesboro

$575,000

 

Oct. 25

 

George White and Ira Brody

PNB Holding Co 2

31.2 acres at 6815 Halls Hill Pike, Murfreesboro

$536,584

 

Oct. 15

  

Most Expensive Houses

The most expensive house sold in October was 3958 Shores Rd. in Murfreesboro (pictured above).

The custom-built four-bed, four-bath home measures 4,123 square feet on six private acres with a gated driveway, detached garage and workshop, fully fenced large level backyard, hardwood floors throughout, and granite kitchen with stainless appliance package, according to Zillow

Buyer

Address

Price

Date

Donahue Revocable Living Trust

3958 Shores Rd., Murfreesboro

$760,000

 

Oct. 8

 

Lisa and David Ashworth

2140 Allisona Rd., Eagleville

$639,900

 

Oct. 19

 

Nick and Sara Mitchell

103 Churchill Farms Drive, Murfreesboro

$600,000

 

Oct. 10

 

Jared and Margaret Bramlett

1405 Bradberry Drive, Murfreesboro

$554,500

 

Oct. 12

 

Donna Dunn

1931 Scarlett Drive, Murfreesboro

$550,000

 

Oct. 10

 

Jason and Shelly Tomlinson

7841 Rocky Fork Almaville Rd., Smyrna

$550,000

 

Oct. 8

 

Timothy and Karen Demonbreum

4408 Maryweather Lane, Murfreesboro

$525,000

 

Oct. 16

 

Ivan and Albena Kozekova

7108 Springwater St., Smyrna

$515,900

 

Oct. 9

 


Michelle Willard is a freelance journalist who fills her days with social media marketing, politics, true crime, and taking complaints. You can complain to her on Twitter @MichWillard or by email michelle(at)murfreesborovoice.com. 


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