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762 N Old Tellico Hwy, Madisonville, TN 37354

$850,000
Property Type: Single Family Bedrooms: 4 Square Footage: 1,414 Lot Size (sq. ft.): 2,049,934 Status: Active
Current Price: $850,000 List Date: 4/02/2024 Last Modified: 4/02/2024

Description

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.

More Information MLS# 1257787

Location, Tax & Legal Info

House #: 762 St Dir: N Street Name: Old Tellico St Suffix: Hwy State/Province: TN Zip Code: 37354 Property Sub-Type: Residential Area: Monroe County - 33 City/County Code: County PIN #: 091 104.00 Elementary School: Madisonville Primary Middle School: Madisonville Middle High School: Sequoyah Total Tax: 442.88 Geo Lat: 35.476821 Geo Lon: -84.362715

Contract Info

Auction Y/N: No Listing Price: 850000 Current Price: $850,000 Status: Active Listing Date: 2024-04-01 Cooperation Comp: 2.5 Compensation Type: %

General Property Description

Type: Ranch Acres: 47.06 Acre Source: Survey Site Built: Yes Restrictions: No SqFt - Total (Aprox): 1414 SqFt - Main Lvl: 1414 # Bedrooms: 4 Baths - Full: 1 # of Rooms: 7 Fireplace: No Property Status: N/A HOA: No Year Built: 1958 Bonus Room: No Extra Storage: No

Remarks & Misc

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. Public Remarks: 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.

Status Change Info

Status Change Date: 2024-04-01

Property Features

Atchd/Dtchd Type: Detached Style: Traditional Construction: Frame Siding: Other Garage/Parking: Off-Street Parking Basement: Crawl Space Lot Description: Pond; Wooded; Other View: Country Setting; Mountain View Fireplace: None Floors: Hardwood; Vinyl Fuel: Electric Heat: None Cooling: None Appliances: None Sewer: Septic Tank Water: Private Misc Features: Internet Available Exterior Features: Porch - Covered; Windows - Wood Outbuildings: Barn; Stable; Storage Shed Showing: See Agent Instructns New Financing: Cash; Conventional
Listing Office: Award Realty
Office Phone: 423-476-3205
Last Updated: April - 02 - 2024
762 N Old Tellico Hwy, Madisonville, TN 37354- MLS# 1257787
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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