1056 Phelps Ln

Milan, TN 38358

$240,000
Last Sold Price
4
Beds
2,740 Sq. Ft.
$88 / Sq. Ft.
2,740
Sq. Ft.
$88
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 7/9/24
Closed 7/9/24
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Description

Brick Home for Sale in Milan, TN - You're gonna love the space & opportunities this property has to offer. One level home on the south side of town convenient to everything Milan. Updates to this property include: all new flooring throughout the main areas of house, new vanities and commodes in the bathrooms, new lighting; both overhead can lights and lighting fixtures. The Kitchen features new butcher-block countertops and a brand new farm-house sink with new faucet. All the windows in the home...Brick Home for Sale in Milan, TN - You're gonna love the space & opportunities this property has to offer. One level home on the south side of town convenient to everything Milan. Updates to this property include: all new flooring throughout the main areas of house, new vanities and commodes in the bathrooms, new lighting; both overhead can lights and lighting fixtures. The Kitchen features new butcher-block countertops and a brand new farm-house sink with new faucet. All the windows in the home have been replaced within the last few years and a new roof was put on in 2022. Additionally, this home has an attached MIL suite (partially finished) with its own kitchenette, den, and bedroom; an excellent opportunity for additional income. Exterior features include new cedar shutters, nice landscaping, two driveways, a detached garage / workshop, and an expansive back patio. This home checks so many boxes! What a great deal! Should qualify for many loan types including FHA, VA, and RD.
  1. Listed by Bradley V Arnold • Southern LifeStyle Properties
    P: (731)-431-9479 C: (731)-431-9479 bradleyvarnold@gmail.com

Property Details for 1056 Phelps Lane

Subdivision Name
None
LISTING UPDATED: 07/10/2024 12:19 PM

Property Details for 1056 Phelps Lane

StatusClosed
MLS #242560
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1950
Lot Size1.00 AC / 43,560 SF
CountyGibson County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Southern LifeStyle Properties

Sold By Southern LifeStyle Properties

Add your commute

Building Information for 1056 Phelps Lane

Stories1Year Built1950Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$1,337 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,170

Property Taxes

$167

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1056 Phelps Lane

Summary
Location and General Information
  • Directions: From the intersection of US 45 and Telecom Dr. in Milan. Proceed S on US 45 (S. First St) to make a R on Phelps Ln. Follow to house on R.
  • Cross Street: Hillcrest Dr
  • View: No
Taxes and HOA
  • Association: No
  • Association Fee: $0
  • Tax Map Number: 140M
  • Tax Book Number: 1065, 1932
Parking
  • Garage: Yes
  • Parking Features: Detached Carport
  • Parking Total: 2.0
  • Attached Garage: No
  • Carport: Yes
Property
Lot Information
  • Lot Size Dimensions: 190x230
  • Lot Size Square Feet: 43560.0
  • Lot Size Acres: 1.0
  • Building Area Total: 2740.0
  • Lot Size Area: 1.0
  • Lot Size Units: Acres
  • Living Area Source: Assessor
Property and Assessments
  • Parcel Number: 009.00
  • Property Type: Residential,Single Family Residence
  • Year Built: 1950
  • Property Sub Type: Single Family Residence
  • Road Surface Type: Paved
  • New Construction: No
  • Home Warranty: No
  • General Property Information:New Construction: No
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
  • Electric: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Rain Gutters
  • Construction Materials: Brick, Vinyl Siding
  • Roof: Shingle
  • Stories Total: 1
  • Patio And Porch Features: Patio, Porch, Screened
Interior Features
  • Bedrooms Total: 4
  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 3
  • Bathrooms Total Decimal: 3.0
  • Bathrooms Total Notational: 3.0
  • Heating: Forced Air
  • Heating: Yes
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Cooling: Yes
  • Fireplace Features: Factory Built, Gas Log
  • Flooring: Carpet, Laminate
  • Interior Features: Blown/Textured Ceilings, Breakfast Bar, Butcher Block Counters, Eat-in Kitchen, Entrance Foyer, Single Vanity, Tub Shower Combo, Other
  • Levels: One
  • Window Features: Blinds, Vinyl Frames
  • Fireplace: Yes
  • Laundry Features: Washer Hookup
  • Basement: Crawl Space
Interior Features
Room Information
  • Rooms Total: 7
  • Room Type: Bedroom, Living Room, Kitchen, Primary Bedroom, Laundry
Room 1
  • Room Type: Bedroom
  • Room Level: Main
  • Room Length: 14.0
  • Room Width: 11.0
Room 2
  • Room Type: Bedroom
  • Room Level: Main
  • Room Length: 11.0
  • Room Width: 17.0
Room 3
  • Room Type: Bedroom
  • Room Level: Main
  • Room Length: 13.0
  • Room Width: 11.0
Room 4
  • Room Type: Living Room
  • Room Level: Main
  • Room Length: 14.0
  • Room Width: 27.0
Room 5
  • Room Type: Kitchen
  • Room Level: Main
  • Room Length: 28.0
  • Room Width: 12.00
Room 6
  • Room Type: Primary Bedroom
  • Room Level: Main
  • Room Length: 11.00
  • Room Width: 15.00
Room 7
  • Room Type: Laundry

Property History for 1056 Phelps Lane

DateEvent & SourcePriceAppreciation
Dec 1, 2025

Listed (Active)

CWTAOR #2505622

$289,900—
Jul 9, 2024

Sold (Public Record)

Public Record #1536247349

$240,000

+13.1% / yr

Jul 9, 2024

Sold

CWTAOR #242560

$240,000—
Jun 12, 2024

Contract Signed

CWTAOR #242560

—
Jun 5, 2024

Listed (Active)

CWTAOR #242560

$259,900—
Jul 21, 2021

Sold (Public Record)

Public Record #1467367324

$166,500

+3.1% / yr

Jul 21, 2021

Sold

CWTAOR #208217

$166,500—
Jun 25, 2021

Contract Signed

CWTAOR #208217

—
Jun 25, 2021

Listed (Active)

CWTAOR #208217

$160,000—
Apr 18, 2013

Sold (Public Record)

Public Record #367841389

$129,500—
DateEvent & SourcePrice
12/01/2025

Listed (Active)

CWTAOR #2505622

$289,900
07/09/2024

Sold (Public Record)

Public Record #1536247349

$240,000

+13.1% / yr

07/09/2024

Sold

CWTAOR #242560

$240,000
06/12/2024

Contract Signed

CWTAOR #242560

—
06/05/2024

Listed (Active)

CWTAOR #242560

$259,900
07/21/2021

Sold (Public Record)

Public Record #1467367324

$166,500

+3.1% / yr

07/21/2021

Sold

CWTAOR #208217

$166,500
06/25/2021

Contract Signed

CWTAOR #208217

—
06/25/2021

Listed (Active)

CWTAOR #208217

$160,000
04/18/2013

Sold (Public Record)

Public Record #367841389

$129,500

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1056 Phelps Lane

Taxable ValueLand$7,500Additions$49,400Total$56,900
Tax Record2025$2,003 ($167 / month)
Home Facts
Beds0Total Finished SqFt2,740 SqFtAbove Grade Finished SqFt2,740 SqFtStories1Lot Size23,000 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1987CountyGIBSONAPN140M A 00900Fireplace TypeHas Fireplace

Schools near 1056 Phelps Lane

This home is within Milan School District.
Rating
School
Type
Grades
Distance
Milan Elementary School
Public - PK to 4
Milan Middle School
Public - 5 to 8
Milan High School
Public - 9 to 12
Milan High School Academy
Public - 9 to 12
Rating
School
Distance
Milan Elementary School
PublicPK to 4

Milan Middle School
Public5 to 8

Milan High School
Public9 to 12

Milan High School Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Southern LifeStyle Properties

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Services of MAAR and Central West Tennessee Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the MAAR and Central West Tennessee Association of Realtors logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by MAAR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.