Description of 38 Lakeland Rd, Waverly, TN 37185
Listing updated: 6/8/2026
**LAKEFRONT PROPERTY FOR SALE!** Tucked away in complete privacy, you will discover this hidden gem! This family lake cottage is being offered for sale for the very first time. The property features wall-to-wall windows along the entire front of the home, a wraparound exterior deck perfect for outdoor entertaining, and its own private dock! Spend the rest of the summer in your private retreat!!! If you've been searching for a lakefront property, you know that treasures like this are hard to find. Enjoy the cottage immediately, and take your time making it your own lakeside destination! This is a deal! Lakefront lot, home, and dock all for under 400K! Great investment opportunity, with a strong Airbnb market in this area!
| LAST UPDATED | 6/8/2026 | TRACT | n/a |
|---|---|---|---|
| YEAR BUILT | 1989 | COUNTY | Humphreys |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Waverly Elementary |
|---|---|
| Jr. High School | Waverly Jr High School |
| High School | Waverly Central High School |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Refrigerator |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Aluminum Siding |
| EXTERIOR | Dock |
| HEAT | Central |
| LOT | 0.64 acre(s) |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 157.63X243.04X189 |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | n/a |
| TAXES | 1151 |
| WATER | Other |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Lake Front |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
Properties marked with the MTRMLS approved logo are provided courtesy of the RealTracs Internet Data Exchange Program
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Information Is Believed To Be Accurate But Not Guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
About this home
38 Lakeland Rd, Waverly, TN 37185 is a 1-bedroom, 1-bath home in Waverly, TN 37185, offered at $385,000, about $439/sq ft across 876 sq ft.
At $439/sq ft, this home is priced in line with the n/a list-price median of $446/sq ft.
All-in, about $2,178/mo at 20% down (6.5% 30-yr).
At the current 6.50% 30-year rate, principal and interest on this home runs about $1,948/mo; at the 6.40% rate of about three months ago it would be roughly $1,927/mo — monthly P&I is about $21 higher now.
How is it priced in Waverly?
| Active listings | 216 |
|---|---|
| Median list price | $1,285,000 |
| Median $/sqft (list) | $446 |
As of 2026-06-20 (216 active listings). Source: RealTracs via IDX. Analysis by Grant Hammond.
Financing 38 Lakeland Rd, Waverly
The estimated monthly payment for 38 Lakeland Rd, Waverly is about $2,178 — a conforming 30-year mortgage at 6.504% with 20% down, including property tax, insurance. Estimate only; not a loan offer or appraisal.
- Principal & interest: $1,948
- Property tax: $96
- Insurance (est.): $135
- Income to qualify: $93,353
- Cash to close: $88,550
- Equity at yr 5: $96,665
30- vs 15-year fixed, monthly. Source: Freddie Mac & Optimal Blue via FRED, updated 2026-06-23.
Property tax is the actual annual amount on record for this property (listing & county data), not a list-price estimate. Insurance/PMI are estimates; rate is editable. Estimate only — not a loan offer.
Frequently asked questions
How much does 38 Lakeland Rd cost?
38 Lakeland Rd is listed at $385,000, about $439 per square foot across 876 square feet (as of 6/8/2026).
What is the price per square foot for 38 Lakeland Rd?
38 Lakeland Rd is priced at $439 per square foot, 876 square feet at $385,000 (as of 6/8/2026).
Does 38 Lakeland Rd have an HOA?
No. 38 Lakeland Rd has no HOA dues, per the listing (as of 6/8/2026).
How big is the lot for 38 Lakeland Rd?
38 Lakeland Rd sits on a 0.64-acre lot, measuring approximately 157.63X243.04X189 (per the listing).
Does 38 Lakeland Rd have a basement?
No. 38 Lakeland Rd is built on a crawl space (no basement), per the listing.
When was 38 Lakeland Rd built?
38 Lakeland Rd was built in 1989.
What are the property taxes on 38 Lakeland Rd?
The annual property tax on record for 38 Lakeland Rd is about $1,151 (per the listing and county records, as of 6/8/2026).
What is the estimated monthly payment for 38 Lakeland Rd?
About $2,178 per month at 6.504% on a 30-year loan with 20% down, including the actual property tax and an insurance estimate. Estimate only, not a loan offer.
What schools serve 38 Lakeland Rd?
38 Lakeland Rd is zoned for Waverly Elementary, Waverly Jr High School, Waverly Central High School, per the listing. Verify current enrollment and zoning with the district.
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