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.
For sale
Price cut: $20K (3/5)
$627,000
121 Adams Ext, Selmer, TN 38375
4beds
3,400sqft
Est.:
Single Family Residence
Built in 1988
23 Acres Lot
$595,500 Zestimate®
$184/sqft
$-- HOA
What's special
Gated and fenced propertyLarge fully-functioning grain silo
- 64 days |
- 2,576 |
- 148 |
Zillow last checked: 7 hours ago
Listing updated: March 05, 2026 at 10:46am
Listed by:
Justin West 865-999-8449,
WALLACE COMMERCIAL 865-690-1111
Source: My State MLS,MLS#: 11624770
Tour with a local agent
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
Estimated market value
$595,500
$566,000 - $625,000
$2,297/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Price change | $627,000-3.1%$184/sqft |
Source: My State MLS #11624770 Report a problem | ||
| 1/6/2026 | Listed for sale | $647,000-7.6%$190/sqft |
Source: My State MLS #11624770 Report a problem | ||
| 4/3/2025 | Listing removed | $700,000$206/sqft |
Source: | ||
| 1/6/2025 | Listed for sale | $700,000+366.7%$206/sqft |
Source: | ||
| 7/26/2002 | Sold | $150,000$44/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
$3,218/mo
Principal & interest
$3014
Property taxes
$204
More affordability tools
Climate risks
Neighborhood: 38375
Nearby schools
GreatSchools rating
- 9/10Selmer Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 5/10Selmer Middle SchoolGrades: 6-8Distance: 1.7 mi
- 4/10McNairy Central High SchoolGrades: 9-12Distance: 2.5 mi
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.






