Enjoy a rare blend of rural atmosphere while remaining within city limits. This property sits on a small, manageable lot and offers city water with septic already in place — a strong foundation for renovation or redevelopment.
The existing home is in need of major renovation and is best suited for a full rehab or tear-down rebuild. A large barn and separate storage shed add significant value and flexibility, ideal for storage, workshop use, or future rental functionality.
Located in a flood zone and priced accordingly, this property presents an excellent opportunity for investors, builders, or buyers looking to create value with the right plan. With improvements, the property has strong potential as a long-term rental or resale project.
Sold as-is. Cash or renovation financing preferred.
Closed
$70,000
3290 Water Tank Rd, Cowan, TN 37318
2beds
816sqft
Single Family Residence, Residential
Built in 1947
0.58 Acres Lot
$-- Zestimate®
$86/sqft
$1,070 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,070/mo
Zestimate® history
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Heather Burke 931-675-9215,
Lynch Rigsby Realty & Auction, LLC
Bought with:
Torrey Perry, 295121
Peck Realty Group, LLC
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3117435
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Heating
- Electric, Wall Furnace
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Range, Refrigerator
Features
- Flooring: Other
- Basement: None
Interior area
- Total structure area: 816
- Total interior livable area: 816 sqft
- Finished area above ground: 816
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.58 Acres
- Dimensions: 113.53 x 79.4 IRR
Details
- Parcel number: 088 01005 000
- Special conditions: Owner Agent
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Wood Siding
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Cowan
Financial & listing details
- Price per square foot: $86/sqft
- Tax assessed value: $61,100
- Annual tax amount: $461
- Date on market: 1/28/2026
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/13/2026 | Listing removed | $1,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/4/2026 | Listed for rent | $1,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/13/2026 | Sold | $70,000-12.4%$86/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3117435 Report a problem | ||
| 2/12/2026 | Pending sale | $79,900$98/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3117435 Report a problem | ||
| 1/28/2026 | Listed for sale | $79,900+56.4%$98/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3117435 Report a problem | ||
| 5/15/2025 | Sold | $51,100+28.1%$63/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2810852 Report a problem | ||
| 4/1/2025 | Pending sale | $39,900$49/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2810852 Report a problem | ||
| 3/31/2025 | Listed for sale | $39,900+149.4%$49/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2810852 Report a problem | ||
| 3/10/2003 | Sold | $16,000$20/sqft |
Source: Public Record Report a problem | ||
| 5/17/1996 | Sold | $16,000$20/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $461 +1.3% | $15,275 |
| 2024 | $455 +50.6% | $15,275 |
| 2023 | $302 +8.2% | $15,275 |
| 2022 | $279 +9.9% | $15,275 +68.8% |
| 2021 | $254 | $9,050 |
| 2020 | $254 -35.3% | $9,050 |
| 2019 | $392 +5% | $9,050 |
| 2018 | $374 +0.2% | $9,050 +6.2% |
| 2017 | $373 +30.9% | $8,525 +23.6% |
| 2016 | $285 | $6,900 |
| 2015 | $285 0% | $6,900 0% |
| 2014 | $285 | $6,901 |
| 2013 | $285 | $6,901 |
| 2012 | -- | $6,901 +28.8% |
| 2011 | -- | $5,356 -0.1% |
| 2010 | $207 +3.2% | $5,360 |
| 2009 | $200 | $5,360 |
| 2008 | $200 +2.7% | $5,360 |
| 2007 | $195 -20.5% | $5,360 |
| 2006 | $245 +14.4% | $5,360 +14.4% |
| 2005 | $214 | $4,686 |
| 2004 | $214 +6.3% | $4,686 |
| 2002 | $202 | $4,686 -8.8% |
| 2001 | -- | $5,140 -71% |
| 2000 | -- | $17,711 |
Find assessor info on the county website
Neighborhood: 37318
Nearby homes
- $202,300-- bd1 ba1.5k sqft3320 Water Tank Rd, Cowan, TN 37318Off Market
- $172,400-- bd1 ba1.3k sqft3304 Water Tank Rd, Cowan, TN 37318Off Market
- $28,500-- bd-- ba784 sqft30 Bookout Rd, Cowan, TN 37318Off Market
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- $115,100-- bd1 ba384 sqft3090 Water Tank Rd, Winchester, TN 37398Off Market
Nearby schools
GreatSchools rating
- 5/10Cowan Elementary SchoolGrades: PK-5Distance: 1 mi
- 3/10South Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Franklin Co High SchoolGrades: 9-12Distance: 4.6 mi
Schools provided by the listing agent
- Elementary: Cowan Elementary
- Middle: South Middle School
- High: Franklin Co High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Tennessee
- Franklin County
- Cowan
- 37318
- 3290 Water Tank Rd
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