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940 N Brace Rd, Summertown, TN, 38483

3beds
2baths
980sqft
$299,999
$306price/sqft
$2,363/moest. monthly cost
$94,520/yrincome needed

About This Home

15 acres- Prime location, directly across from Dixie Oaks Golf Course in the highly sought after Summertown. This stunning property is a rare find, offering endless possibilities for your dream home. The property has a home that is most likely a tear down and a 3 bedroom 2 bath mobile home at the front of the property that needs some tlc. The mobile home has renters in it currently, please do not disturb or go on property without permission. The mobile home has a septic system, water and power are at the road. This property contains both flat areas and some rolling terrain with beautiful views.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
5
BikeSomewhat Bikeable

Schools

7/10
5/10
Summertown High SchoolGrades 7-122.1 mi
6/10

Construction

Condition

  • Year built: 1985

Materials

  • Construction materials: Aluminum Siding

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured On Land,Residential

Interior

Appliances

  • Appliances included: Electric Oven,Oven,Cooktop,Refrigerator
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bedrooms: 3

Features

  • Flooring: Laminate
  • Finished area above ground: 980

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 980
  • Total interior livable area: 980 sqft

Property

Details

  • Parcel number: 018 00903 000
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Topography of land: Wooded

Lot

  • Lot size: 15 Acres
  • Features: Wooded

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Tornado
    TornadoVery High
  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Tornado
Cold Wave
Earthquake
Strong Wind
Winter Weather

FEMA Declared Disasters Across Tennessee Counties

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,516$18,192
Home Insurance $176$2,112
Property Taxes $496$5,952
Electricity $175$2,103
Total$2,363$28,356

Income You'd Need if You Spent...

35% on housing$81,017/yr
40% on housing$70,890/yr
45% on housing$63,013/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: 5.4%
5.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$306This listing

vs Other Active Listings

Avg $/sqft

ZIP 38483$202
Lawrence County$154

vs Homes Sold Last Month

Median $/sqft

ZIP 38483$214
Lawrence County$175

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-20Listed for sale$299,999

For Sale by Agent

AgentSonja Wood
BrokerageCrye-Leike, Inc., REALTORS

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