Tellico Plains, TN 37385,Old Mill Rd
Tellico Plains, TN 37385,Old Mill Rd
Tellico Plains, TN 37385,Old Mill Rd
Tellico Plains, TN 37385,Old Mill Rd
Tellico Plains, TN 37385,Old Mill Rd
Tellico Plains, TN 37385,Old Mill Rd
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$310,000

$318,000

2.5%
Est.Price: ?

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Est. payment /mo

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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Listed by Tellico Mountain Realty, LLC
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+1(865) 401-5520

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308 N. Peters Road Suite 225, Knoxville, TN, 37922

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