NOT LISTED FOR SALE

138 Madison Dr Dunlap, TN 37327

Studio
2 Baths
-- Sq Ft
150 Acres

Last Sold October 13, 2023

Last sale price $1,700,000

264 Days on Market

Highlights

  • Lake Front
  • 150 Acre Lot
  • No Heating
  • Home fronts a pond
  • Wooded Lot
  • Farm

About This Home

As of October 2023

Offered is a wonderful opportunity to acquire 150 +/- acres wide open for an amazing new development opportunity OR keep as a Golf Course and Country Club w/ improvements. Acreage is nestled in the scenic valley base of the TN Cumberland Plateau right on the Bledsoe & Sequatchie County lines within Old Madison Estates conveniently located approx 40 min north of Downtown Chattanooga, TN Msa. Currently, the acreage is being used by owner as golf business. This beautiful acreage within Old Madison Estates combines the peacefulness of the TN Mountains with Panoramic mountain views. Property offered improvements include a clubhouse approx 7,942 sq ft featuring a pro shop, snack bar, event/meeting room that comfortably accommodates 25 guests, and a locker room with showers. Property has two swimming pools, one outdoor approx 70,000 gallon pool and an indoor heated 5ft deep pool and tennis courts. More improvements include an office/flex multi purpose building approx 1536 sq ft & additional warehouse/ storage buildings together totaling approx 6,600 sq ft. Continue as a golf course/ business or subdivide and develop as the possibilities are endless here. Just 45 min to Chattanooga, TN MSA. Chattanooga is a thriving southern gem of a city and has continued to experience explosive growth in terms of population, business and jobs the last couple of years. ***Please note. Golf Carts are NOT included in offered price and must be transacted and sold separately due to arrangement in place with EZ GO golf cart dealer/owner.***Caveat Emptor , let the buyer beware! It is buyers responsibility to complete all due diligence to verify any/all buyer pertinent information including but not limited to zoning use, survey, soil mapping, utilities, permits, covenants / restrictions etc.**Licensee has personal interest in this property.** The ideas for this property are endless!! Call today!

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $16,814

Lot Details

  • 150 Acre Lot
  • Home fronts a pond
  • Lake Front
  • Property fronts a private road
  • Wooded Lot

Home Design

  • Farm

Interior Spaces

  • Property has 3 Levels

Schools

  • Griffith Elementary School
  • Sequatchie Co Middle School
  • Sequatchie Co High School

Utilities

  • No Cooling
  • No Heating

Community Details

  • Old Madison Ests Subdivision

Listing and Financial Details

  • Assessor Parcel Number 030D A 00500 000

Property Details

Property Type

Other

Est. Annual Taxes

$16,814

Lot Details

150 Acres

Listing Details

  • Prop. Type: Farm
  • Habitable Residence: No
  • Inclusions: LDBLG
  • Unit Levels: Three Or More
  • New Construction: No
  • ResoPropertyType: Farm
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: No
  • Waterfront Features: Lake Front, Pond
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Cooling Y N: No
  • Heating Yn: No

Lot Info

  • Lot Features: Wooded, Other
  • Lot Size Acres: 150
  • Lot Size: 0
  • Lot Size Units: Acres
  • Parcel #: 030D A 00500 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 16814

MLS Schools

  • Elementary School: Griffith Elementary
  • High School: Sequatchie Co High School
  • Middle Or Junior School: Sequatchie Co Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2015
Sold by
Florida Partners Grp Inc
Bought by
Luken Henry G

Purchase Details

Closed on
Apr 10, 2015
Sold by
Willis Billy P
Bought by
Florida Partners Grp Inc

Purchase Details

Closed on
Jan 24, 2006
Sold by
Riley Wilson
Bought by
Distritank Inc

Purchase Details

Closed on
Jan 12, 2006
Sold by
Mills Dennis L
Bought by
Riley Wilson

Purchase Details

Closed on
Sep 7, 1990
Bought by
Mills Dennis Sprouse Larry R
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Luken Henry G $570,000 --
Florida Partners Grp Inc $335,000 --
Distritank Inc $185,000 --
Riley Wilson $185,000 --
Mills Dennis Sprouse Larry R $840,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2023 10/13/23 Sold $1,700,000 -2.9% --
05/12/2023 05/12/23 Pending -- -- --
08/21/2022 08/21/22 For Sale $1,750,000 -- --
Source: Realtracs

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,075 $58,520 $14,000 $44,520
2024 $1,075 $58,520 $14,000 $44,520
2023 $1,075 $58,520 $14,000 $44,520
2022 $1,153 $47,200 $11,000 $36,200
2021 $1,153 $47,200 $11,000 $36,200
2020 $1,153 $47,200 $11,000 $36,200
2019 $1,153 $47,200 $11,000 $36,200
2018 $1,153 $47,200 $11,000 $36,200
2017 $1,153 $47,200 $11,000 $36,200
2016 $764 $29,750 $6,875 $22,875
2015 $764 $29,750 $6,875 $22,875
2014 -- $29,750 $6,875 $22,875
Source: Public Records

Map

Source: Realtracs

MLS Number: 2717065

Realtracs

APN: 030D-A-005.00

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