8 months on rocket

762 N Old Tellico Hwy, Madisonville, TN, 37354

$850,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
1 Full Bath
1,414 SqFt
$601/SqFt
House

Location

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762 N Old Tellico Hwy, Madisonville$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOther, Off-Street Parking
Year Built1958
HeatingNone, Electric
CoolingNone
WaterfrontPond
FireplaceNone
ViewMountain(s)
MLS #1257787
Lot Size47.06 Acres
StatusActive

About 762 N Old Tellico Hwy

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1958
  • Living Area: 1,414 SqFt

Listing Office:

  • Office Name: Award Realty
  • Office Phone: (423) 476-3205

Interior Features

Interior Information:

  • Appliances: None
  • Basement: No
  • Flooring Type: Hardwood, Vinyl
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Pond
  • View: Mountain(s)
  • Exterior: Windows - Wood, Porch - Covered

Parking Information:

  • Attached Garage: No
  • Parking: Other, Off-Street Parking

Lot Features

Lot Information:

  • Lot: Pond, Wooded
  • Lot Size: 47.06 Acres

Utilities

Utilities Information:

  • Heating: None, Electric
  • Cooling: None

Other

Directions Information:

  • 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.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $601/SqFt
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Housing Market Comparison

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

Med. Sold Price

$293.9K

Med. Price/SqFt

$184

Avg. Days On Market

96

# of Sold Homes

16

762 N Old Tellico Hwy vs Madisonville

264 DAYS ON ROCKET

+168 Days

$850,000

+$556K More

$601/SqFt

+$416 More

KEY TAKEAWAY

This property is $556K more than the Median Sold Price and $416/SqFt more than other homes in Madisonville, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1257787

Listing Office:

  • Office Name: Award Realty
  • Office Phone: (423) 476-3205

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 Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:51:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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-867812
5
/10
  • Madisonville Intermediate School

  • 1000 Green Rd

  • 4.24 miles

  • Public District Grades 3-5

school-card-donut-867813
3
/10
  • Tellico Plains Elementary School

  • 121 Old High School Rd

  • 7.27 miles

  • Public District Grades PK-4

school-card-donut-867814
3
/10
  • Brown Intermediate School

  • 135 Starrett St

  • 9.78 miles

  • Public District Grades 5-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,853. Most Madisonville, TN residents have annual incomes between $35k-100k. The majority of families are married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 762 N Old Tellico Hwy

What is the listing price of this property?

The listing price of 762 N Old Tellico Hwy property is $850,000.

What type of property is this?

The property 762 N Old Tellico Hwy is a house located in Madisonville, Tennessee, 37354.

Is this property for sale now?

Active Listing: 762 N Old Tellico Hwy is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 762 N Old Tellico Hwy has 4 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 762 N Old Tellico Hwy is 1,414 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 762 N Old Tellico Hwy is 1958.

Rocket HomesTennesseeMonroe CountyMadisonville37354762 N Old Tellico Hwy

This home is located at 762 N Old Tellico Hwy in Madisonville, TN and zip code 37354. This 1,414 square foot home, which was built in 1958, sits on a 47.06 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $850,000.

Over 2 listings were sold over their listed price in November 2024 in Madisonville, TN. In the same period over 13 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Madisonville, TN between October 2024 and November 2024 decreased by 3%. The median list price of listings available in November 2024 was $293,950, while the average time on the real estate market was 96 days.

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

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