120 Meadows Ln., Henderson, Tennessee, 38340
Magnificent Country Estate For Sale in West Tennessee
95 +/- Acre Tract which includes 2 homes, row crop land, excellent hunting opportunities, and a natural spring which feeds a stocked pond providing great fishing. Beautiful, mature trees are scattered throughout the property fruit producing varieties; oak, cedars, and pines. Plenty of space to ride ATV's, set up additional food plots for hunting, run cattle, build a barn and have horses and other livestock, or to dig another lake or pond. Ideal property to further develop into a substantial farming operation, with the 2 dwellings and large land tract.
First Home is approximately 4000 sq. heated, traditional Red Brick Ranch Style Home with full finished basement. Main floor consist of 3 Bedrooms with ample sized closets, 2 bathrooms , Eat-in Kitchen, Formal Dining, Living Room and Separate Den. Expansive Deck with commanding View, and balcony accesses the Kitchen and Master Suite. Large Floored Attic provides lots of extra storage space and runs the length of the house. Walk out basement is approximately 1,865 square feet, is remodeled featuring french doors, stained and sealed concrete floors, barn doors, laundry room with sink and space for a refrigerator and stove with gas hook-ups, walk-in closet, full bathroom, closet under stairs, access to attached approximately 515 square foot garage / workshop. Home has 2 HVAC units; one for main floor and a separate heat and air unit for basement installed in 2019.
Second Home is a circa 1921 Farmhouse with large Wrap-Around Front Porch, and Large Covered Back Deck. Updated with fresh paint, textured walls and ceilings, and updated lighting. Cozy, nostalgic old-home feel with high ceilings, thick baseboards and trim, and convenient built-ins reminiscent of the old style home. Floor Plan features approximately 1800 Sq. Ft - 2BR / 2BA downstairs with an additional parlor / sitting room or office. Upstairs has versatile area which can be utilized for 3rd bedroom. Bathrooms have been remodeled and home is fully functional, and move-in ready. HVAC unit replaced in 2014. Covered Deck or Wrap-Around Front Porch are both great places to relax and enjoy a morning cup of coffee or afternoon cup of tea. Home would be an ideal Airbnb, Rental, In-law Quarters, or flipping opportunity, if you wanted to subdivide later on down the road.
Investment and Income Opportunity
Ideal Long Range Investment and Income Opportunity aboud with this coveted tract of real estate. Currently the property receives income from a variety of sources: Government CRP program on part of the property and hunting and farming leases on additional portions of the tract. There is also the 2nd home on the property which could be utilized as a rental, providing additional revenue stream. Substantial road frontage on 2 separate streets: 2500 + ft on Meadows Ln. and 1500 ft on Williams Rd.additionally adds value as potential subdividing of the property may be ideal in the future as the local economy and surrounding area continues to grow. Tennessee is additionally rated as one of the BEST states in the nation to live for Retirees. Zero State Income Tax, the 2nd lowest cost of living in the nation, and 10.2% below the avg. cost of living index in the US. Tennessee is a great place to grow old and grow rich! Visit (https://www.tnvacation.com/retire-tennessee/living-in-tn) for more information about what makes our state conducive for your long term financial health picture.
Geographic Location & About the Area
Property is located just barely outside the city limits of the small town of Henderson, in Chester County, Tennessee. Rich in history and steeped in tradition, Henderson embraces the small-town values and volunteer spirit that make Tennessee great. Henderson is located at the intersection of US Hwy 45 and State Route 100. It is 16 miles south of Jackson and approximately 80 miles east of Memphis; Henderson began as a railroad community on the Mobile & Ohio Railroad. Once home to a bustling depot, Historic Front Street now gets more traffic from its businesses than its railways.
The school system for Henderson and the surrounding community is operated by Chester County. The Chester County School System is rated as one of the best school systems in the state. Henderson also boasts as having one of the lowest crime rates anywhere. These two factors have helped Henderson become one of the most popular places to raise a family.
Henderson is famous for many things, including its old-fashioned barbecue. The area has a deep tradition in slow-cooked whole-hog barbecue, and it is celebrated annually during the Barbecue Festival on Court Square.
With a balanced blend of retail and industry, Henderson shops line Main Street and beyond while many industries are located in or near the Industrial Park on the US Hwy. 45. Freed-Hardeman University, a four-year, liberal arts university, is located downtown. With approximately 2,050 students each year, FHU greatly contributes to Henderson's economy.
Chickasaw State Park is located approximately 8 miles west of Henderson. The rustic state park features walking trails, horseback riding, campgrounds and summer swimming. Rustic cabins are also available for rent.
Additional Purchase Opportunities:
*Options to Purchase the Main home with specified acre tract is Available:
*Owners are additionally offering the main house with 8 Acres including the pond for $399,900. (subject to new survey which the seller's will provide)
*Main Home + 8 +/- Acres with an additional 60 ACRES - offered at $599,900. (subject to new survey)
*60 Acres sold separately offered at $3500 per acre (subject to new survey)