Sales comparison approach using 3 comparable sales within 5 miles sold in last 6 months. Adjusted for lot size, condition, and proximity to Center Hill Lake. Assessed value of $200K appears below market.
Sprawling 3-Bed Ranch on 1.5 Acres, Steps from Center Hill Lake
What first strikes you about 7431 McMinnville Highway is the breadth of property — a level 1.5-acre parcel with fronting on State Route 56 that gives this ranch-style home scale and privacy uncommon so close to Center Hill Lake. The single-story plan extends nearly 3,000 square feet and includes a partially finished lower level with its own full bathroom — ideal for guests, a home office, or hobby space.
Inside, the kitchen stands out: durable granite countertops anchor generous work surfaces and connect to living spaces designed for everyday family life and weekend gatherings. Practical updates – newer windows and a recently installed hot water heater among them – reduce near-term maintenance needs while preserving the home’s classic 1975 bones. Mechanical systems are central natural gas heating and central air; the roof is composition shingle. A two-car attached garage plus additional driveway parking handle vehicles and toys for lake trips.
Living here is about balance: peaceful country acreage with recreational access minutes away. Center Hill Lake sits approximately two miles from the door, and Edgar Evins State Park is a short drive for hiking, camping, and water recreation. Downtown Smithville’s shops and restaurants are roughly five miles east, offering convenient errands and community events without sacrificing rural calm.
From an investment and lifestyle perspective, the house offers solid upside. The partially finished basement adds usable square footage and rental or in-law potential; the large lot provides room for garden projects, play areas, or future additions (zoning R-1 allows accessory dwelling units with applicable approvals). Recommended due diligence includes inspection of the septic system and a professional review of roof and HVAC age and condition, but recent interior updates and the property’s condition position it as a move-in-ready opportunity for families or buyers seeking a recreation-proximate home.
I toured this property and came away impressed by how the scale and site work together: wide lawns, private yard areas, and easy access to boating and fishing make it a rare find on this section of McMinnville Highway. If you want a spacious ranch that pairs comfortable daily living with quick access to lake life, this Smithville property merits a close look.
See the properties helping shape the valuation.
Comparable sales
- Same living area
- Similar lot size
- Same year built
- 1,365 SF smaller
- 1 fewer bathroom
- 31,363 SF smaller lot
- 5 years newer
- 1,307 SF smaller
- 1 fewer bathroom
- 21,780 SF smaller lot
- 15 years newer
A 1975 ranch on 1.5 acres.
Building
Site & utilities
Smithville, TN
Researched nearby locations
Location
7431 McMinnville Highway, Smithville, Tennessee 37166
This stretch of McMinnville Highway blends rural character with quick access to Smithville’s services and Center Hill Lake recreation. Residents enjoy wide lots, country views, and easy drives to boat ramps, fishing spots, and state park trails. Local schools are part of DeKalb County Schools, and downtown Smithville — with grocery options, dining, and community events — lies only a short drive away. The area attracts buyers who want outdoor life and space without sacrificing town conveniences.
Very good outdoor access: Center Hill Lake is about 2 miles away for boating and fishing, Edgar Evins State Park offers hiking/camping nearby, and local roads provide scenic cycling and walking routes.
A factual market snapshot around 7431 McMinnville Highway.
Smithville’s single-family market is currently balanced-to-seller-leaning. Inventory sits around three months — a level that typically favors sellers — and average days on market in the area are roughly 45 days. Median sale price for the local market is near $250,000, while recent comparable sales within five miles show closings between $325,000 and $364,900 for similar or remodeled product; a valuation analysis for this property places a likely range of $275,000–$325,000 (midpoint ~$300,000). Homes with lake proximity and larger lots, like this one, tend to move faster than the broader market because buyers seeking recreation access value acreage and waterfront adjacency.
For buyers: act with prepared financing and inspection contingencies to move efficiently in this inventory-constrained market. For sellers: pricing competitively relative to recent comps and highlighting the 1.5-acre lot and partially finished basement will capture strong interest. Overall appreciation in the area has been modest but steady (about 5% year-over-year and ~20% over five years), supporting both owner-occupant and short-term rental strategies for properties near Center Hill Lake.
Single Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 477 SF smaller
- 1 fewer bathroom
- 627 SF smaller
- 1 fewer bathroom
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2018 purchase at $185,000 ($63.2/SF) — current estimate $300,000 ($102.5/SF)
- Assessed value $200,000 (land $50K, improvements $150K) — annual taxes $1,500
- Zoned R-1 — allows single-family residential use with potential for accessory dwelling units
- 3 comparable sales within 5 miles in last 6 months range $275K–$325K
- Average days on market in Smithville: 45 days (balanced market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify age and condition of roof and HVAC systems
- Inspect septic system for functionality
- Professional home inspection
- Confirm zoning restrictions for potential additions
What stands out about this property.
Interior Features
- 3 bedrooms and 3 full bathrooms
- Approximately 2,927 SF total living area
- Granite countertops in the kitchen
- Partially finished basement with full bath
- Newer windows
- New hot water heater
- Central air conditioning
- Central natural gas heating
Exterior & Lot
- 1.5-acre level lot (approximately 65,340 sq ft)
- Frontage on McMinnville Highway (State Route 56)
- 2-car attached garage plus driveway parking
- Composition shingle roof
- Standard residential driveway access
Location & Neighborhood
- About 2 miles to Center Hill Lake recreational access
- Approximately 5 miles to Downtown Smithville (shopping & dining)
- Near Edgar Evins State Park for hiking and camping
- Zoned R-1 — allows single-family and accessory dwelling units
- DeKalb County Schools
Walkability & Recreation
- Walkability Rating: 30/100 — Car-Dependent
- Center Hill Lake (2 miles) — boating and fishing
- Edgar Evins State Park (approx. 10 miles) — hiking and camping
- Nearby county roads for cycling and scenic drives
- Community recreation opportunities tied to lake access
Sources & research confidence.
See where the property research came from and how confidence varies by field.