9 months on rocket

110 Falls Ln, Spencer, TN, 38585

$750,000

10.00 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeFarm
ViewOther
MLS #1385503
Lot Size10.00 Acres
StatusActive

About 110 Falls Ln

Absolutely breathtaking acres, located atop the Cumberland Plateau in scenic Spencer, Tennessee. Just an hour away from Chattanooga and 1.5 hours from Nashville, this private piece of paradise offers dramatic brow lot views that must be experienced to truly comprehend its beauty. This property offers several incredible building sites to choose from, giving you the option to split it into two 5-acre tracts or even build guest homes for extended family or potential investment opportunities. Access the property through a private gate at the end of a cul-de-sac, and enjoy the level gravel driveway leading up to a massive 32x40 ft metal double garage with a brand new 500 sq ft apartment featuring high-end finishes. The apartment is a perfect spot to live while building your dream home or for renting out as an additional source of income. It boasts gleaming tile, a dining area, decorative lighting, a spacious handicap accessible full bath, top-of-the-line washer/dryer, water filtration system, and a beautiful room with plenty of natural lighting. The full kitchen exceeds expectations with a long countertop, stainless farmhouse sink with commercial-grade fixtures, soft close cabinets with under cabinet lighting, and high-end black stainless appliances including a touch screen refrigerator, microwave, dishwasher, and convection oven. All utilities are in place and fiber optic internet is available to maintain your work and lifestyle seamlessly. There are also two separate septic systems installed for the apartment and a future home/cabin on one of the scenic peninsulas. Outdoor features include gated entry, gravel roads, water spigots around the property, and numerous walking trails for exploring the property's rock overhangs, formations, waterfall, or following a path down to the Rocky River. The owner of this property currently holds an active real estate license.

Property Details

Property Features

Listing Office:

  • Office Name: Real Estate Partners Chattanooga LLC
  • Office Phone: (423) 362-8333

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Fence

Lot Features

Lot Information:

  • Lot: Level, Rectangular Lot, Rural Area, Sloped, Wooded, Cleared
  • Lot Size: 10.00 Acres

Other

Directions Information:

  • Directions: From Downtown Chattanooga; take US 27 N,; take TN-111 N/Dunlap; take SR-284//Baker Mtn Rd; LT on Baker Rd; LT on Hawks Bluff Rd; RT to stay on Hawks Bluff Rd; RT on Ridge View Dr; LT on Falls Ln; Property is at the end of cul-de-sac.

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
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Housing Market Comparison

See how this home compares to others in Spencer, TN.

Med. Sold Price

$64K

Med. Price/SqFt

$80

Avg. Days On Market

10

# of Sold Homes

1

110 Falls Ln vs Spencer

299 DAYS ON ROCKET

+289 Days

$750,000

+$686K More

KEY TAKEAWAY

This property is $686K more than the Median Sold Price in Spencer, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #1385503

Listing Office:

  • Office Name: Real Estate Partners Chattanooga LLC
  • Office Phone: (423) 362-8333

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-280727
6
/10
  • Spencer Elementary School

  • 311 Sparta St

  • 8.88 miles

  • Public District Grades PK-5

school-card-donut-280728
3
/10
  • Bobby Ray Memorial Elementary School

  • 504 N Chancery St

  • 14.82 miles

  • Public District Grades PK-5

school-card-donut-280729
6
/10
  • Doyle Elementary School

  • 174 W Gooseneck Rd

  • 15.12 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,800. Most Spencer, TN residents have annual incomes less than $35k. The majority of families are married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 110 Falls Ln

What is the listing price of this property?

The listing price of 110 Falls Ln property is $750,000.

What type of property is this?

The property 110 Falls Ln is land located in Spencer, Tennessee, 38585.

Is this property for sale now?

Active Listing: 110 Falls Ln is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 110 Falls Ln is 10.00 acres.
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Rocket HomesTennesseeVan Buren CountySpencer38585110 Falls Ln

This home is located at 110 Falls Ln in Spencer, TN and zip code 38585. This home sits on a 10.00 acre lot. It has been listed on Rocket Homes since January 20, 2024 and is currently priced at $750,000.

Over 0 listings were sold over their listed price in October 2024 in Spencer, TN. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Spencer, TN increased by 3.3% between September 2024 and October 2024. Listings spent 10 days on the market in October 2024, and had a median list price of $64,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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