Somerville, TN 38068 - Fayette County

Fayette County Investment Property

Invest in the path of growth..thats a proven real estate strategy. The Parsons Farm is located along Fayette Countys Hwy 64 Growth Corridor. The farm is 5 miles southeast of the town of Somerville which is the Fayette County seat. This property boasts 0.90 miles of public road frontage allowing for multiple partitions to maximize the future development potential. If you have been looking for a weekend getaway or hunting property that can double as an investment property, the Parsons Farm is it!

According to the Memphis Area Association of Realtors (MAAR), Fayette County home sales were up 7.6% YTD August 2018 over 2017. For the same period, the average home sales price was up over 10% in Fayette County as well. These figures bode well for the future of Fayette County and the Parsons Farm appreciation potential.

In addition to having sufficient road frontage to subdivide into multiple parcels, the property has income potential from future timber harvests. The timberland consists of primarily hardwood species with a diverse mix of white oak, red oak and other desirable hardwoods. There are a few stands of native short-leaf pine on the property as well which are a higher value softwood species. Demand for hardwood timber in Fayette County has remained stable for many years due to the strong competition from multiple sawmills and a developed marketing network.

The Parsons Farm is a compelling real estate investment and also provides a great venue for family fun in the outdoors. Come see how you can enjoy the Country Life at the Parsons Farm today.

Property Statistics:

4.5 acres in row crop production

80 +/- acres in mix of hardwood and pine timber

Developed ATV trail system traversing the property

Scenic home site in pasture overlooking a pond

Rolling topography with high percentage of oak timber

Two home sites with paved road frontage

0.90 miles of public road frontage

Plentiful deer, turkey, and small game

6.5 road miles from full-service grocery store in Somerville

50 Minutes from East Memphis