106 Derek Dr, Lexington, TN, 38351
About This Home
New construction with rental option! Pope Subdivision Lexington, TN. 3BR/2BA brick home on 0.5 acre lot. Open floor plan with vaulted ceilings, laundry room, new appliances, back deck and 2 car garage. Conveniently situated in Lexington to nearby lakes and state parks. Benefits of being geographically centered between Memphis and Nashville and a short 45 minutes drive to Jackson, TN. All public utilities available including high speed internet. Perfect for families or those looking to retire in this great community. Check out the 3D Matterport virtual tour! Taxes to be determined at closing. Seller offers 7 month rental option to fully qualified buyers at $2000.00 per month with $1500.00 security deposit. This option includes a fully executed Purchase and Sale agreement to close at end of 7 month rental term. $1000 commission bonus offered to Selling Agent.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: true
- New construction: Yes
- Year built: 2025
Materials
- Foundation: Slab
Other
- Builder name: Distinct Contracting
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Refrigerator
- Laundry features: Electric Dryer Hookup,Washer Hookup
Bedroom
- Level: Main
- Area: 144
- Dimensions: 12.0 x 12.0
Bedroom
- Level: Main
- Area: 132
- Dimensions: 12.0 x 11.0
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Features
- Vaulted Ceiling(s)
- Flooring: Laminate
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total interior livable area: 1,496 sqft
Kitchen
- Level: Main
- Area: 285
- Dimensions: 19.0 x 15.0
Laundry
- Level: Main
- Area: 81
- Dimensions: 9.0 x 9.0
Living Room
- Level: Main
- Area: 308
- Dimensions: 22.0 x 14.0
Master Bedroom
- Level: Main
- Area: 168
- Dimensions: 14.0 x 12.0
Property
Details
- Parcel number: 082C Group D Parcel 016.00
- Special condition: Standard
Features
- Levels: One
- Fencing: None
Lot
- Lot size: 0.44 Acres
- Lot size dimensions: 192 ft x 100 ft
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
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
- Cold Wave
- Earthquake
- Lightning
- Strong Wind
- Tornado
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,516 | $18,192 |
| Home Insurance | $269 | $3,228 |
| Property Taxes | $92 | $1,104 |
| Electricity | $175 | $2,103 |
| Total | $2,052 | $24,624 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-11-28 | Price change | $299,900 |
| 2025-10-06 | Listed for sale | $319,900 |
View on Zillow