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Back 8 Phillips Road
Off Market

8 Phillips Road

Lebanon TN 37087

5.23 ac.
Land
Last sold for $275,000
Bob SoreyBob Sorey, last sold this property on 14 April 2026 after 307 days on market.

Overview

5.23 Acres | A-1 Zoning | 2-Parcel Subdivision Potential Secure a versatile 5.23-acre tract with A-1 Zoning. This property appears to meet the new Wilson County guidelines for a 2-parcel subdivision, requiring a minimum of 80,000 sq. ft. and 50 ft of public road frontage per lot. With 190 ft of paved road frontage and a depth over 1,200 ft, the land is well-positioned for the creation of two separate residential lots. Other lots on this plat have been used to build beautiful homes by local licensed general contractors. There is no requirement to use a specific contractor. Note that TN does not require a licensed contractor under certain circumstances, but the same owner can only build one house in a specific time period; a general contractor would be required to build two houses by the same owner. The rear features a creek, yet buildable areas remain outside FEMA flood zones, typically avoiding mandatory flood insurance. No HOA. Straightforward deed restrictions protect the area’s aesthetic by governing dwelling size and exterior finishes. Total septic capacity is limited to 5 bedrooms per TDEC guidelines. These guidelines assist owners by utilizing the "two person per bedroom" standard, allowing for a new system in previously identified soil areas, facilitating quicker repairs and reducing costs if maintenance is needed. While a dwelling may contain additional rooms, it cannot be advertised as having more than 5-bedroom approval. The listing broker can assist with a step-by-step process sheet for the 2-parcel subdivision submission including: 1) A list of professionals to perform required work; 2) Monthly planning dates, deadlines, and requirements. While approval cannot be guaranteed, this is intended to speed the due diligence process. No guarantees are made regarding final county approval; buyers should perform their own due diligence.

Features

5.23 ac. lot size
Land

Estimated Value

Based on this property and similar land plots sold in Lebanon over the last 12 months, the estimated median property value of 8 Phillips Road is $200.12k.

Median value
$200.12k
Estimated value range
$10k - $1.98m
Median days on market
23
Estimated value trend
18%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Lebanon. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 8 Phillips Road

2026
Sold
$275,000
14 Apr 2026 by Bob Sorey, of Best Real Estate Advisors

Happy sellers in Lebanon

94%
94% of sellers in Lebanon reported that their sale price either exceeded or met their price expectations.

Lebanon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Lebanon over the last 12 months.

Local market activity for land plots in Lebanon

In the last 12 months, 58 land plots similar to 8 Phillips Road, have been sold.

This represents a 40% increase in land plots sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Lebanon

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Lynda Burge

Lynda Burge is a recommended agent for Lebanon.  They have 8 local sales and collected 2 local reviews across the last 12 months.

  •   5   (13 reviews)
  •  2 Reviews in Lebanon
  •  8 Sales in Lebanon
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Erika Solano

Erika Solano is an award winning recommended agent for Lebanon.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (41 reviews)
  •  2 Reviews in Lebanon
  •  2 Sales in Lebanon
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Stephanie Jones

Stephanie Jones is an award winning recommended agent for Lebanon.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (16 reviews)
  •  2 Reviews in Lebanon
  •  2 Sales in Lebanon
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Cathy Lemmon

Sellers who recommend Cathy Lemmon have praised them for being reliable, dedicated, supportive, hard-working, clear communication, responsive, and friendly

  •   5   (73 reviews)
  •  2 Reviews in Lebanon
  •  1 Sale in Lebanon
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