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Under contract
  • Price cut: $20K (3/5)
    $627,000

    121 Adams Ext, Selmer, TN 38375

    4beds
    3,400sqft
    : 
    Single Family Residence
    Built in 1988
    23 Acres Lot
    $592,100 Zestimate®
    $184/sqft
    $-- HOA

    What's special

    Gated and fenced propertyLarge fully-functioning grain silo
    Once-in-a-lifetime opportunity to own a bluffside lodge overlooking your own 5-acre stocked lake and 23 acre farm with a shop and barn, conveniently located with the house enjoying all the amenities of Selmer city limits while half the property is in the county. This is the perfect sustainable homestead property with lots of water, rich bottomland to grow crops, and no restrictions on livestock. The 3,400sf house is heavily custom built with plenty of room for entertaining and enjoying the lake view on the huge 40' x 13' back deck. HVAC, roof and siding are all NEW as of 2025. The living room's 50,000 BTU Mendota gas log fireplace and custom stone mantle were added in 2015, and extensive stainless updates were made to the kitchen in 2018. A whole house water filtration system is included, along with an oversize 80-gallon, glass-lined water heater. The vaulted upstairs room with private balcony could make a dreamy master bedroom or an inspiring den. Upstairs contains 3 enormous walk-in closets for plenty of storage. The partially finished basement is plumbed for natural gas so a second fireplace or other gas appliances could be installed. The 1,500sf, 2 bay shop is insulated, heated and cooled. Other outbuildings include an insulated, electrified smaller shop with water, an old barn with multiple stalls that could be used for livestock or as a kennel, and a large, fully-functioning grain silo that could be used for grain storage or converted into an Airbnb. House and barn are connected to city water, and the barn is plumbed with gravity fed water from the lake. A functioning well also exists on the property. The house is currently on septic that was renewed in 2017, and city sewer hookup is available if desired. The gated and fenced property includes a well and over 20 underground springs that feed the continuously flowing lake. A rich bottomland hay field of nearly 10 acres planted in a warm-season hay mix perfect for cattle or horses completes this mini-farm. With 1,200 feet of road frontage around the top of the lake, this property could be subdivided and developed into many beautiful lake view homes by an investor or developer. Virtual staging used in some photos. An adjacent .28 acre lot is also for sale as part of this listing. Owner is an immediate family member of agent. For showings, put Selmer Civic Center into GPS. After passing Civic Center, take the second left onto Perkins Ln. Follow until it terminates and you'll be looking at the gated entrance to the property.
    83 days
    |
    2,308
    |
    140
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 24, 2026 at 01:00pm

    Listed by:

    Justin West 865-999-8449,

    WALLACE COMMERCIAL 865-690-1111

    Source: My State MLS,MLS#: 11624770

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Rooms
      • Room types: Family Room, First Floor Bathroom, Kitchen, Laundry Room, Living Room
      Kitchen
      • Features: Eat-in Kitchen, Laminate Counters
      Basement
      • Area: 1200
      Heating
      • Electric, Natural Gas, Zoned, Other, Heat Pump
      Cooling
      • Central, Zoned
      Appliances
      • Included: Dishwasher, Refrigerator, Microwave, Oven, Water Heater, Stainless Steel Appliances
      Features
      • Flooring: Hardwood
      • Basement: Full,Finished,Walk-Out Access,Bathrooms(1)
      • Number of fireplaces: 1
      • Fireplace features: Propane Stove
      Interior area
      • Total structure area: 4,600
      • Total interior livable area: 3,400 sqft
      • Finished area above ground: 3,400

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Detached
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Stories: 2
      • Patio & porch: Patio, Covered Porch, Open Porch, Deck
      • Fencing: Fenced
      • Has view: Yes
      • View description: Farm, Pond, Scenic, Water
      • Has water view: Yes
      • Water view: Pond,Water
      • Waterfront features: Pond
      Lot
      • Size: 23 Acres
      • Features: Equestrian Property, Trees
      Details
      • Additional structures: Shed(s), Barn(s), Workshop
      • Parcel number: 080 094.00
      • Lease amount: $0

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame, Brick Siding, Vinyl Siding
      • Roof: Asphalt,Metal
      Condition
      • New construction: No
      • Year built: 1988

      Utilities & green energy

      • Electric: Amps(0)
      • Sewer: Private Septic
      • Water: Municipal
      • Utilities for property: Naturl Gas Available

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Selmer

      Financial & listing details

      • Price per square foot: $184/sqft
      • Tax assessed value: $187,000
      • Annual tax amount: $744
      • Date on market: 1/6/2026
      • Date available: 01/05/2026
      • Listing agreement: Exclusive
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        Estimated market value

        $592,100

        $562,000 - $622,000

        $2,462/mo

        Price history

        Price history
        DateEventPrice
        3/24/2026Contingent$627,000$184/sqft
        Source: My State MLS #11624770 Report a problem
        3/5/2026Price change$627,000-3.1%$184/sqft
        Source: My State MLS #11624770 Report a problem
        1/6/2026Listed for sale$647,000-7.6%$190/sqft
        Source: My State MLS #11624770 Report a problem
        4/3/2025Listing removed$700,000$206/sqft
        Source: MAAR #10187597 Report a problem
        1/6/2025Listed for sale$700,000+366.7%$206/sqft
        Source: MAAR #10187597 Report a problem
        7/26/2002Sold$150,000$44/sqft
        Source: Agent Provided Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$1,048 $42,325
        2024$1,048 $42,325
        2023$1,048 +12.5%$42,325
        2022$932 +2.3%$42,325 +33.1%
        2021$911 $31,800
        2020$911 $31,800
        2019$911 +1.8%$31,800
        2018$895 0%$31,800
        2017$895 +40.3%$31,800
        2016$638 -30.7%$31,800
        2015$921 +11.9%$31,800 +11.9%
        2014$823 $28,425
        2013-- $28,425 +34%
        2001-- $21,209 -76.5%
        2000-- $90,311

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,366/mo
        Principal & interest
        $3162
        Property taxes
        $204
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          Climate risks

          Neighborhood: 38375

          Getting around

          3 / 100
          Car-Dependent
          16 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: 000000

          Source: My State MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

          Local experts in 38375

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