Discover an extraordinary opportunity to own a vast expanse of nature's beauty nestled within the heart of majestic mountains. Boasting awe-inspiring long-range views and offering endless possibilities for those seeking a truly remarkable retreat. A huge bonus, this tract is continuous! The land benefits from a history of select timbering and mining, resulting in an intricate network of roads and trails that provide access through the property. With its diverse terrain and abundant vegetation, the property provides an ideal habitat for wildlife including deer, turkey, and bears. Situated conveniently close to I-75, this mountain haven strikes a perfect balance between secluded yet convenient. This property is ideal for a family compound, homesteading, recreation, hunt club, etc. It is also a great candidate for a conservation easement! Rarely does an opportunity of this magnitude present itself—a sprawling continuous tract of land that invites you to create a legacy of natural beauty, adventure, and serenity. Whether you seek a personal retreat, a family sanctuary, or a conservation-oriented endeavor, this property offers the canvas. Seize this chance to own a slice of paradise in the heart of the mountains. Buyer to verify information.
Property Details
Property Features
Listing Office:
Office Name: Whitetail Properties Real Estate, LLC
Office Phone: (931) 372-1844
Exterior Features
Exterior Information:
View: Mountain(s), Trees/Woods
Lot Features
Lot Information:
Lot: Private, Wooded
Lot Size: 3088.00 Acres
Other
Directions Information:
Directions: Heading from I-75 in Jellico, TN, Take the exit toward Rarity Mountain Road and approx. 0.4 miles turn left onto Rarity Mountain Road. Turn left onto the I-75N ramp and go approx 4.3 mil and take the exit toward US-25W N/5th St. Keep right at the fork, follow signs for Indian Mountain/State Pk/Jellico/US-25W N. Go approx. 1.2 miles and continue straight onto TN-297 W/S Main Street. After approx 1.7 miles turn right onto Creekmore Housley Drive and then approx 1.5 miles turn right onto Woolridge Lane. Turn left onto Wool Lane. Nearest property address is 278 Wool Lane. Property is on the right
Price Information
Listing Price Info
Price Summary:
List Price: $4,650,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Jellico, TN.
This property is $4.5M more than the Median List Price in Jellico, TN.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Name: East Tennessee REALTORS® MLS
MLS Number: #1239497
Listing Office:
Office Name: Whitetail Properties Real Estate, LLC
Office Phone: (931) 372-1844
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$23.2K
Per Month
Principal & Interest
$23.2K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$14K
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Boston Elementary School
3291 Highway 1804
Distance between this listing and this school5.44 miles
Public District Grades PK-6
6
/10
Pleasant View Elementary School
5554 Hwy 25 W South
Distance between this listing and this school7.57 miles
Public District Grades PK-6
4
/10
LaFollette Elementary School
195 Myers Ln
Distance between this listing and this school13.48 miles
Public District Grades PK-5
Nearby Schools
4
/10
Jellico Elementary School
551 Sunset Trl
Distance between this listing and this school3.10 miles
Public District Grades PK-8
4
/10
Elk Valley Elementary School
6691 Highway 297
Distance between this listing and this school7.55 miles
Public District Grades KG-8
5
/10
Wynn Habersham Elementary School
174 Habersham Rd
Distance between this listing and this school8.31 miles
Public District Grades KG-8
Nearby Schools
5
/10
Jellico High School
141 High School Ln
Distance between this listing and this school3.75 miles
Public District Grades 9-12
4
/10
Williamsburg City School
1000 Main St
Distance between this listing and this school10.99 miles
Public District Grades PK-12
5
/10
Whitley County High School
350 Boulevard of Champions Rd
Distance between this listing and this school14.01 miles
The neighbors living near this home have an average income of $30,672. The majority of Jellico, TN residents have income less than $35k annually. The majority of families are single, 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 Wool Ln
What is the listing price of this property?
The listing price of Wool Ln property is $4,650,000.
What type of property is this?
The property Wool Ln is land located in Jellico, Tennessee, 37762.
Is this property for sale now?
Active Listing: Wool Ln is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at Wool Ln in Jellico, TN and zip code 37762. This home sits on a 3088.00 acre lot. It has been listed on Rocket Homes since September 13, 2023 and is currently priced at $4,650,000.
Between September 2024 and October 2024, Jellico, TN real estate market has seen increase in the number of listings by 33.3%. In October 2024 median list price was $134,900 and the average listing age was 62 days.
From Rocket Homes Real Estate and based on county public records data.