Market Research Report: 432 LIVE OAK TRL
Background
The address "432 Live Oak Trl" corresponds to a residential property located in Cleveland, Tennessee. This single-family home, built in 1988, features 3 bedrooms, 2.5 bathrooms, and encompasses 2,112 square feet of living space on a 2-acre lot. The property is situated in a suburban area, offering a blend of privacy and accessibility to local amenities.
Property Overview
- Address: 432 Live Oak Trl NE, Cleveland, TN 37323
- Year Built: 1988
- Bedrooms: 3
- Bathrooms: 2.5
- Living Area: 2,112 sq ft
- Lot Size: 2 acres
- Features: Mature landscaping, fruit trees, private screened-in porch, rocking chair front porch, Generac generator, new roof, gas appliances, walk-in closet, roll-in shower, outbuilding, two-car garage.
Market Analysis
Recent Sales and Valuation
As of December 2025, the property was listed for sale at $565,000, with an estimated value of $525,000. The price per square foot is approximately $268. The property has been on the market for about 69 days, indicating a moderate level of buyer interest. Comparable properties in the area have sold for between $499,000 and $551,000, suggesting that the listing price is within a reasonable range for the market.
Tax Assessment
In 2025, the property was assessed at $105,725, reflecting a significant increase of 70.2% from the previous year. This substantial rise may be attributed to improvements made to the property, such as the new roof and generator installation. The property tax for 2025 was $1,280, indicating a tax rate of approximately 1.21%.
Market Conditions
The Cleveland, TN real estate market is characterized by a balanced supply and demand, with properties typically selling within 60 to 90 days. The area offers a mix of suburban tranquility and proximity to urban centers, making it attractive to families and professionals seeking a peaceful living environment with convenient access to city amenities.
Comparable Properties
Several properties in the vicinity of 432 Live Oak Trl have recently sold, providing context for the current market valuation:
- Property A: A 3-bedroom, 2-bathroom home with 2,000 sq ft, sold for $550,000 in November 2025.
- Property B: A 4-bedroom, 3-bathroom home with 2,500 sq ft, sold for $600,000 in October 2025.
- Property C: A 3-bedroom, 2-bathroom home with 1,800 sq ft, sold for $500,000 in December 2025.
These comparables suggest that the listing price of $565,000 for 432 Live Oak Trl is competitive within the current market.
