$310,000
$318,000
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106 Acres Lot
SOLD DATE : 03/16/2021
Key Details
Sold Price $310,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1092541
Lot Size 106.000 Acres
Property Description
Rural Vale acreage....a special area and a good property! 106 acres mostly flat to gently rolling and all planted in Lob Lolly Pines that are an average height of 30' . This unrestricted land is in the Greenbelt Forestry Tax Status. One can build an exquisitely private home in the heart of this property. There's an eastern part of the property that slopes up the western flank of Mocking Crow Mountain. From that vantage point, and a bit of vista pruning, one would have a great panoramic view of Starr Mountain. With plenty of road frontage, mainly on Dr. Lee Road, this property can be easily divided by the future owner. Great place to make trails through the woods!. With some clearing, and establishing of pasture & fields, it would make a great farm too! Must hike to appreciate! This 106 acre tract is currently a tree farm. the Lob Lolly Pines are about 12 years old at this time. The trees were planted about 8 to 10 feet apart. They can be thinned (removing every other tree) and those trees can be used for fence commercial posts. The remaining trees will grow up to 100' tall and are used for power poles. They should mature in about 12 years. At that time, the estimated value of the trees would be about 6K per acre. This value should be factored into the value of the land as a bankable assett.
Location
State TN
County Monroe County - 33
Area 106.0
Exterior
View Country Setting, Seasonal Mountain, Wooded
Building
Lot Description Private, Rolling, Wooded, Irregular Lot, Rolling Slope
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