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1655 Midway Rd, Sewanee, TN, 37375

$240,000

8.32 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
MLS #1502785
Lot Size8.32 Acres
StatusActive

About 1655 Midway Rd

What a wonderful opportunity to build your special home close to the University of the South. This property is just minutes from the University. Perhaps the buyer might consider building some tiny homes on the property to serve the university faculty. The new owner might want to build a group of houses for relatives and friends to live close to each other. It is rare to have 8+ acres in a residential area. The previous owner had horses on the property. This property is just a short walk to the ''Mountain Goat Trail,'' a bike path that goes from Sewanee to Tracy City. The Franklin County Airport is nearby as well as restaurants. The property is in the Planned Growth area for Franklin County. Currently the front part of the property is zoned agricultural and the back part is zoned R2. The new owner could seek to have the zoning unified. The minimum lot size is 1/2 acre and a house requires access to Midway with 30' road frontage either by flag lot, easement or road frontage. Go walk this beautiful property and let your mind consider the endless possibilities. A survey is available and a soil test has been made. Although this information is reliable to the best of our knowledge , the Buyer is urged to perform due diligence to verify information that is deemed important. Utilities are serviced by the following companies: Natural gas--Elk River Public Utility Water--Sewanee Utility District Electricity--Duck River Electric Corporation Youtube Link to Drone Video https://www.youtube.com/watch?app=desktop&v=V0c2rcq0gEI

Property Details

Property Features

Listing Office:

  • Office Name: Crye-Leike, REALTORS
  • Office Phone: (423) 756-0771

Exterior Features

Exterior Information:

  • Exterior: None

Lot Features

Lot Information:

  • Lot: Agricultural, Gentle Sloping, Irregular Lot, Level, Many Trees, Rural Area, Wooded, See Remarks, Cleared
  • Lot Size: 8.32 Acres

Other

Directions Information:

  • Directions: Sewanee Highway 41A. Turn on Midway Road. 1655 Has a wooden fence with two stone columns in front.

Price Information

Listing Price Info

Price Summary:

  • List Price: $240,000

Tax Information:

  • Annual Amount: $589
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$630K

Med. Price/SqFt

$167

Avg. Days On Market

24

# of Sold Homes

1

1655 Midway Rd vs Sewanee

14 DAYS ON ROCKET

-10 Days

$240,000

-$390K Less

KEY TAKEAWAY

This property is $390K less than the Median Sold Price in Sewanee, TN.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: Greater Chattanooga REALTORS®
  • MLS Number: #1502785

Listing Office:

  • Office Name: Crye-Leike, REALTORS
  • Office Phone: (423) 756-0771

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: 11/21/2024, 7:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 17, 2014Home Sold
$84,000
May 24, 1999Home Sold
$11,334

Tax History

YEARPROP. TAXASSESSMENT
2020$589$20,475
2019$547$20,475
2018$547$20,475
2017$368$20,475

History based on county public records data.

Payment Calculator

$1,265

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$786

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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-222660
8
/10
  • Sewanee Elementary School

  • 209 University Ave

  • 2.79 miles

  • Public District Grades KG-5

school-card-donut-222661
5
/10
  • Cowan Elementary School

  • 501 Cumberland St E

  • 8.10 miles

  • Public District Grades PK-5

school-card-donut-222662
4
/10
  • Decherd Elementary School

  • 401 Bratton St

  • 10.94 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,507. Most Sewanee, TN residents have annual incomes between $35k-100k. Most families are married, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1655 Midway Rd

What is the listing price of this property?

The listing price of 1655 Midway Rd property is $240,000.

What type of property is this?

The property 1655 Midway Rd is land located in Sewanee, Tennessee, 37375.

Is this property for sale now?

Active Listing: 1655 Midway Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $589 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 17, 2014 for $84,000. (source: MLS/tax record).

How much acreage is this property?

The property 1655 Midway Rd is 8.32 acres.
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Rocket HomesTennesseeFranklin CountySewanee373751655 Midway Rd

This home is located at 1655 Midway Rd in Sewanee, TN and zip code 37375. This home sits on a 8.32 acre lot. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $240,000.

Sewanee, TN housing market in October 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below. Between September 2024 and October 2024, Sewanee, TN real estate market has seen decrease in the number of listings by 21.1%. While the average time on the market in October 2024 was 24 days, the median list price was $630,000.

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

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