$750,000
$100K PRICE DROP

762 Old Tellico Hwy N Madisonville, TN 37354

Estimated payment $3,993/month

Total Views 12,841
4 Beds
1 Bath
1,414 Sq Ft
$530 Price per Sq Ft

Highlights

  • Barn
  • Views of Trees
  • Wooded Lot
  • Stables
  • 47.06 Acre Lot
  • Ranch Style House

About This Home

Nestled in the heart of picturesque landscapes, this expansive 47.06-acre farm presents a unique blend of tranquility, functionality, and potential, ready to accommodate a variety of aspirations and lifestyles. Unrestricted land, the property serves a dual narrative of serene living and abundant opportunity. The cleared pastures, fenced and cross-fenced, are perfect for equestrian lovers or those with a passion for agriculture, ensuring a seamless blend of work, play, and relaxation. The farm's two ponds add a picturesque element, while enhancing the functionality for irrigation or livestock. Wooded areas provide a natural wonder, offering peace and privacy, as well as opportunities for outdoor recreation right in your backyard. The presence of a large barn with 4 sheds, 8 stables, a crib, and a loft with stairs will support a variety of agricultural or equestrian activities. Two smaller buildings offer additional storage. The property's inclusion in the Greenbelt program not only affirms its agricultural value but also offers financial incentives through property tax savings. With a 90' well and septic tank in place, the foundation is set for sustainable living or further development.DEVELOPERS: This is a fantastic opportunity with nearly 2000' of road frontage! City water and natural gas provided by the City of Madisonville is located all along the road, and positions this land as an excellent candidate for future projects. Additional adjoining acreage (15.3) available for purchase takes this property all the way to and across New Highway 68, providing opportunity for a mixture of residential and commercial development. Conveniently located to Madisonville, and Interstate 75, approximately 1 hour from Knoxville and Chattanooga and 2.5 hours from Atlanta and Nashville. Nearby mountains, rivers and lakes provide endless activities and adventure year-round.Farm Sold AS IS. House given little value.

Listing Agent

LeAnne Presley

Southern Homes License #353392 Listed on: 04/01/2024

Southern Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $381

Year Built

  • Built in 1958

Lot Details

  • 47.06 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • Sloped Lot
  • Cleared Lot
  • Wooded Lot

Property Views

  • Trees
  • Pasture
  • Mountain
  • Rural

Home Design

  • Ranch Style House
  • Fixer Upper
  • Block Foundation
  • Pitched Roof
  • Metal Roof

Interior Spaces

  • 1,414 Sq Ft Home
  • Wood Frame Window
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed
  • Outbuilding
  • Rain Gutters

Schools

  • Madisonville Primary Elementary School
  • Madisonville Middle School
  • Sequoyah High School

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Hay Storage
  • Stables

Utilities

  • No Cooling
  • No Heating
  • Well
  • Septic Tank
  • Sewer Not Available
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Greenbelt

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 091 10400 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$381

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 47.06
  • Road Frontage Type: County Road
  • Road Surface Type: Asphalt
  • Directions: From I-75 Exit 60 take SR-68 toward Sweetwater. Travel on SR-68 for 13 miles. Turn left onto Tellico Street S. Travel 1.2 miles. Driveway entrance on right, just before sharp curve.
  • Above Grade Finished Sq Ft: 1414.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Structure Type: House
  • Year Built: 1958
  • General Property Information:Living Area2: 1414.0
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Appliances: None
  • Interior Amenities: See Remarks
  • Other Equipment: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood, Vinyl
  • Living Area: 1414.0
  • Window Features: Wood Frames
  • Community Features:None3: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:See Remarks6: Yes
  • Appliances:None: Yes

Exterior Features

  • Roof: Metal, Pitched
  • Fencing: See Remarks
  • Exterior Features: Rain Gutters
  • Lot Features: Rural, Wooded, Sloped, Pasture, Greenbelt, Cleared
  • Pool Features: None
  • View: Trees/Woods, Rural, Pasture, Mountain(s)
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Foundation Details: Block
  • Other Structures: Stable(s), Shed(s), Barn(s), Outbuilding
  • Patio And Porch Features: Covered, Front Porch, Porch
  • Property Condition: Fixer
  • Window Features:Wood Frames: Yes
  • Construction Materials:Other7: Yes
  • Lot Features:Wooded: Yes
  • Patio And Porch Features:Porch: Yes
  • Lot Features:Cleared: Yes
  • Patio And Porch Features:Covered: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Sloped: Yes
  • Lot Features:Rural2: Yes
  • Lot Features:Pasture2: Yes
  • Lot Features:Greenbelt: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved, Driveway, Gravel, Off Street
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Unpaved: Yes

Utilities

  • Heating: None
  • Cooling: None
  • Sewer: Septic Tank
  • Laundry Features: See Remarks
  • Cooling Y N: No
  • Heating Yn: No
  • Electricity On Property: Yes
  • Utilities: High Speed Internet Available, Water Available, Sewer Not Available, Phone Available, Natural Gas Available, Cable Available, Electricity Connected
  • Water Source: Well
  • Heating:None8: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • Horse Amenities:Hay Storage: Yes
  • Horse Amenities:Pasture: Yes
  • Horse Amenities:Barn: Yes
  • Horse Amenities:Stable(s): Yes

Schools

  • Elementary School: Madisonville Primary
  • High School: Sequoyah
  • Middle Or Junior School: Madisonville

Lot Info

  • Horse Amenities: Barn, Hay Storage, Pasture, Stable(s)
  • Lot Size Sq Ft: 2049933.6
  • Crops Included: No
  • Parcel #: 091 10400 000

Tax Info

  • Tax Annual Amount: 380.7
  • Tax Book Number: WD453
  • Tax Lot: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $381 $25,000 $14,450 $10,550
2023 $393 $25,000 $14,450 $10,550
2022 $443 $19,775 $13,225 $6,550
2021 $443 $19,775 $13,225 $6,550
2020 $443 $19,775 $13,225 $6,550
2019 $391 $19,775 $13,225 $6,550
2018 $391 $19,775 $13,225 $6,550
2017 $404 $19,300 $13,500 $5,800
2016 $404 $19,300 $13,500 $5,800
2015 $404 $19,300 $13,500 $5,800
2014 $462 $22,057 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Price Changed $750,000 -11.8% $530 / Sq Ft
04/01/2024 04/01/24 For Sale $850,000 -- $601 / Sq Ft
Source: River Counties Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Deed -- --
Deed -- --
Deed -- --
Source: Public Records

Source: River Counties Association of REALTORS®

MLS Number: 20241286

River Counties Association of REALTORS®

APN: 091-104.00