Three Points, Madisonville, TN 37354 (MLS# 1246374)

Three Points, Madisonville, TN 37354

$2,550,000

Property Type: Lots & Acreage Lot Size (sq. ft.): 25,351,920 Status: Closed

Current Price: $2,550,000 List Date: 11/20/2023 Last Modified: 9/17/2024

Overview

Description

The Three Points property is a rare property adjoining Tennessee Valley Authority (TVA) owned Little Tennessee River frontage on more than half of its boundary line. This close proximity to the water frontage on so many sides of the property provides amazing views of the river and surrounding hills and valleys. Three Points has great access starting along paved Three Points Road and then continuing onto a well maintained gravel road through the property. Additional interior dirt surface accesses that are suitable for a truck or ATV provide additional access throughout the tract. The property is within a 25-minute drive of Madisonville and within an hour and 15 minutes of Knoxville, TN. Madisonville shopping provides all the necessities of life. This property has high potential for a large acreage waterfront estate or subdivided acreage development given the great access and adjacency to TVA boundary. The abundant recreational opportunities including area lakes, rivers, and Great Smokey Mountain National Park add to the desirability of the area. The tract has been historically managed for timber production and has a well established pine plantation on the majority of the acres, as well as natural hardwood areas. AFM Real Estate signs are at the frontage, call to arrange a personal showing of this one of a kind property. Lake access across TVA lands is foot traffic only. Docks are not permitted.

Listing Details MLS# 1246374

Location Tax Legal Info

Street Name: Three Points
State: TN
Zip Code: 37354
Parcel Number: 082 020.00, 070 036.00, 034.00

Contract Info

Listing Contract Date: 2023-11-17
Auction Y/N: No

General Property Description

Lot Dimensions: irregular
Acres: 582
Acre Source: Owner
Restrictions: No
Property Status: N/A

Status Change Info

Status Change Timestamp: 2024-09-17
Purchase Contract Date: 2024-04-02
Close Date: 2024-08-30
Close Price: 2550000

Location, Tax & Legal Info

Area: Monroe County – 33
City/County Code: County
Total Tax: 2812.38

Remarks & Misc

Directions: From the intersection of Highway 411 and Ballplay Road in Madinsonville TN go east on Ballplay Road 10.2 miles, turn left on Three Points Road and go 4.2 miles and tract is on both sides of the road.
Public Remarks: The Three Points property is a rare property adjoining Tennessee Valley Authority (TVA) owned Little Tennessee River frontage on more than half of its boundary line. This close proximity to the water frontage on so many sides of the property provides amazing views of the river and surrounding hills and valleys. Three Points has great access starting along paved Three Points Road and then continuing onto a well maintained gravel road through the property. Additional interior dirt surface accesses that are suitable for a truck or ATV provide additional access throughout the tract. The property is within a 25-minute drive of Madisonville and within an hour and 15 minutes of Knoxville, TN. Madisonville shopping provides all the necessities of life. This property has high potential for a large acreage waterfront estate or subdivided acreage development given the great access and adjacency to TVA boundary. The abundant recreational opportunities including area lakes, rivers, and Great Smokey Mountain National Park add to the desirability of the area. The tract has been historically managed for timber production and has a well established pine plantation on the majority of the acres, as well as natural hardwood areas. AFM Real Estate signs are at the frontage, call to arrange a personal showing of this one of a kind property. Lake access across TVA lands is foot traffic only. Docks are not permitted.

More Information

Property Sub-Type

Farm: Yes
Lake Front: Yes
Recreational: Yes
Rural: Yes

Topography

Rolling: Yes

Road Access

Public Road: Yes

Road Frontage

County: Yes
Gravel: Yes
Paved: Yes

Sale Options

Fee Simple: Yes

Improvements

Utilities on Site: Yes
Other: Yes

Lot Description

Private: Yes
Rolling Slope: Yes
Waterfront: Yes
Wooded: Yes
Other: Yes

Easements

Power Line/TVA: Yes
Other: Yes

View

Lake View: Yes
Mountain View: Yes
Wooded: Yes

Community Amenities

Lake/Water Access: Yes
Other – See Remarks: Yes

Documents on File

Topography Map: Yes

Developmnt Potential

Farm: Yes
Recreational: Yes
Subdivision: Yes

Utilities Available

Electricity: Yes
Telephone: Yes

Zoning

Zoned Agricultural: Yes

Present Structures

None: Yes

New Financing

Cash: Yes
Conventional: Yes
Other: Yes

Showing Instructions

See Agent Instructns: Yes

Property Features

Property Sub-Type: Lake Front; Recreational; Rural Topography: Rolling Road Frontage: Gravel; Paved Road Access: Public Road Improvements: Utilities on Site; Other Lot Description: Private; Rolling Slope; Waterfront; Wooded; Other View: Lake View; Mountain View Developmnt Potential: Farm; Recreational Utilities Available: Electricity Zoning: Zoned Agricultural Present Structures: None New Financing: Conventional; Other

Listing Office: AFM Real Estate

IDX

Office Phone: 865-248-8315

Last Updated: September – 17 – 2024

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, 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.