Sold
Last Sold Price
6 beds3 baths2,880 sqft
203 Lake Dr, Ripley, TN 38063
Single FamilyProperty Type
0.00 acresLot Size
1994Year Built
$43/sq ftPrice per sq ft

Description

Apartment living will be a pleasure in this location. One can easily move into a community neighborhood at 203 Lake Dr. Each apartment is up-scale with appliances. Very well kept and maintained apartment duplex. Duplexes are rented. Income is good. New owner could live in one and rent the other! What a great investment opportunity. Please DO NOT DISTRUB renters. One duplex is 3 BR, 2 Bath; other is 2 BR, 1.5 Bath., each has private front porch and patio. Neighborhood is quiet and private.Apartment living will be a pleasure in this location. One can easily move into a community neighborhood at 203 Lake Dr. Each apartment is up-scale with appliances. Very well kept and maintained apartment duplex. Duplexes are rented. Income is good. New owner could live in one and rent the other! What a great investment opportunity. Please DO NOT DISTRUB renters. One duplex is 3 BR, 2 Bath; other is 2 BR, 1.5 Bath., each has private front porch and patio. Neighborhood is quiet and private.
  • Listed by: Shirley Spiller • Lankford Realty Co.
Listing closed: 09/27/2021 12:00 AM • Source: MAARMLS, MLS#: 10104514

Recent comparable sales

Median sold price

$160,000

Avg days on market

75

Sale-to-list ratio

96.5%

Ripley, TN

9 comparable properties found

$285,000 | 134 Willow Creek Drive, Ripley, TN 38063
1/37
1

$285,000

Sold 07/18/25

5
Bedrooms
2,918
Square Feet
0.6
Acres
an empty room with closet area
1/11
2

$105,000

Sold 01/17/25

6
Bedrooms
4
Bathrooms
1,860
Square Feet
0.32
Acres
a car parked in front of a house
1/2
3

$101,000

Sold 08/27/25

6
Bedrooms
2
Bathrooms
1,560
Square Feet
0.31
Acres
a front view of a house with a yard
1/37
4

$318,000

Sold 10/30/24

5
Bedrooms
4,353
Square Feet
2.9
Acres
5

$125,000

Sold 06/24/26

Unavailable
Bedrooms
3
Bathrooms
2,500
Square Feet
0.36
Acres
a front view of a house with a yard and trees
1/26
6

$335,000

Sold 04/02/26

4
Bedrooms
2,799
Square Feet
1.6
Acres
a view of a park with swings and slides
1/19
7

$199,900

Sold 02/07/25

4
Bedrooms
3,168
Square Feet
0.49
Acres
a front view of a house with a yard
8

-

Sold 01/22/25

5
Bedrooms
2,438
Square Feet
3
Acres
9

$125,000

Sold 10/31/25

Unavailable
Bedrooms
3
Bathrooms
2,283
Square Feet
0.35
Acres

Location

Listing Courtesy of Lankford Realty Co.

Sold By Lankford Realty Co.

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Payment Calculator

$885 per month

30 year fixed, 6.71% Interest

Principal and Interest

$646

Property Taxes

$239

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 203 Lake Drive

Property Details
  • Taxes: $2,870 / year
  • MLS Type: Duplexes / Built as Duplex
  • Area: 691A
  • Style: Traditional
  • Parking: Driveway/Pad
  • MAAR Subdivision Name: 00
  • Legal Subdivision Name: 0x0
Building Information
  • Stories: 1
  • Year Built: 1994
  • Lot Size: 0.00 AC / 1 SF
Summary
Location and General Information
  • Address: 203 LAKE DR
  • Address Search Number: 203
  • Directions: From Hwy 51 at Justice center, take a right on Asbury Ave, then right on Lake Drive, Property on left.
  • Map Coordinate: A
  • MLS Map Num: Lauderdale County
Parking
  • Parking Display: 0
Taxes and HOA Information
  • Hot Water: Electric
  • LVT Date: 07-21-2021
Property
Lot Information
  • Lot Size: 1.0x
  • Lot Description: Some Trees
Property and Assessments
  • Foundation: Conventional
  • Service Type: Full Service Listing
Utilities
  • Cooling: Central Cooling
Interior and Exterior Features
Exterior Features
  • Misc Exterior: Porch
  • Pool Description: None
  • Roof: Composition Shingles
Interior Features
  • Appliances / Equipment: Refrigerator, Range/Oven (Built-In), Dishwasher
  • Approx Sq Ft Entire Duplex: 2800-2999
  • Floors/Ceilings: Part Carpet, Vinyl Floor
  • Heating: Central, Electric
  • Sq Ft Heated Area Unit 1: 1200-1399
  • Sq Ft Heated Area Unit 2: 1000-1199
Multi Family
Unit 1
  • Unit 1: Eat-in Kitchen, Separate Den
  • Unit 1 Bedrooms: 3
  • Unit 1 Bedrooms Down: 1
  • Unit 1 BR 2 Dimension: 10x12
  • Unit 1 BR 3 Dimension: 10x11
  • Unit 1 Den GR Dimensions: 12x18
  • Unit 1 DR Dimension: 0x0
  • Unit 1 Full Baths: 2
  • Unit 1 Half Baths: 0
  • Unit 1 LR Dimension: 0x0
  • Unit 1 Total Baths: 2
Unit 2
  • Unit 2: Eat-in Kitchen, Separate Den
  • Unit 2 Bedrooms: 1
  • Unit 2 Bedrooms Down: 1
  • Unit 2 Den GR Dimension: 12x14
  • Unit 2 DR Dimension: 0x0
  • Unit 2 Full Baths: 1
  • Unit 2 Half Baths: 0
  • Unit 2 LR Dimension: 0x0
  • Unit 2 Total Baths: 1

Property History for 203 Lake Drive

DateEvent & SourcePriceAppreciation
Sep 27, 2021

Sold (Public Record)

Public Record #1473181879

$125,000

+11.4% / yr

Sep 27, 2021

Sold

MAARMLS #10104514

$125,000
Aug 30, 2021

Contract Signed

MAARMLS #10104514

DateEvent & SourcePrice
09/27/2021

Sold (Public Record)

Public Record #1473181879

$125,000

+11.4% / yr

09/27/2021

Sold

MAARMLS #10104514

$125,000
08/30/2021

Contract Signed

MAARMLS #10104514

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

Public Records for 203 Lake Drive

Taxable ValueLand$4,200Additions$53,200Total$57,400
Tax Record2025$1,458 ($122 / month)
Home Facts
Baths3.2Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtStories2Lot Size15,031 SqFtStyleMulti-Family Res (5+ Units)Year Built1994Year Renovated1994ZoningR2CountyLAUDERDALEAPN076P A 03901

Schools near 203 Lake Drive

This home is within Lauderdale County School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Ripley Primary School
PublicPK to 2

Ripley Elementary School
Public3 to 5

Ripley Middle School
Public6 to 8

Ripley High School
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 203 Lake Drive, Ripley, TN 38063
$125,000
6
3
2,880
1
1
868
17,380
1
1,456
24,075
$20,000
2
1,200
10,586
$110,000
3
2,500
74,052
$64,900
3
1,700
23,288

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lankford Realty Co.

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, Reelfoot Regional AOR 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, Reelfoot Regional AOR 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, Reelfoot Regional AOR and Central West Tennessee Association of Realtors. Listing information Copyright© 2026 MLS of MAAR, Reelfoot Regional AOR and Central West Tennessee Association of Realtors, Inc. All Rights Reserved.