5.58 acre lot on stinson in Fayette County

This lot is West of Frazier st about maybe a block. It is on North side of stinson. It is 5.58 acres and dimensions are 300 x 800 approx. 300 feet frontage on stinson. Owner wants $165,000 for lot. That's $29,570 per acre. Owner is Wolfgang Staus (901-488-5111). He said there is covenant on lot that says minimum house size is 3000 sq ft and no trailers. He said this lot is NOT in Rossville city limits.