4.5 AC Highway 111, Spencer, TN 38585
Van Buren County - 51 County
Key Facts
Description
Great development opportunity awaits! Once planned as part of Spencer Mountain Village, this property is now your chance to create something truly special. Spanning approximately 4.5 acres across two parcels, this prime tract offers an ideal setting to build the home of your dreams or explore a variety of development possibilities. With utilities conveniently available at the road, the groundwork is already in place for your vision. Perfectly situated, you'll enjoy a very short drive to downtown Spencer for daily conveniences, just about an hour to the vibrant cities of Chattanooga or Cookeville, and only 1.5 hours to Nashville International Airport. For outdoor enthusiasts, breathtaking Fall Creek Falls State Park is less than 30 minutes away via TN-111 S or TN-30 W, offering endless hiking, waterfalls, and recreation. Opportunities like this don't come often—secure your piece of Tennessee's beauty and potential today before it slips away!
Property Information
Property Type
Land
Lot Size
5.56 acres
Lot Dimensions
4.56 AC
MLS® Listing#
1314796
Property Features
Lot Features
Financial Details
Parcel Number
039 090.10
Directions
From VBCCH: Go S on TN-111 S, go L on Mountain Crest Dr, property is will be on both sides of the road.
Affordability Calculator
$86,000
Estimated monthly payment
$2,289/mo
Principal $343,998 · Est. interest $479,908 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Spencer, TN
- $352,174
- Median Listing Price
- 78
- Median Days on Market
- 1,394
- Median Sq Ft
- $241
- Median Price / Sq Ft
- 57
- Active Listings
- This home’s price is 22% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Spencer, TN.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 0 Lone Wolf Tr, Spencer, TN | $309,000 | — | — | — |
| 0 Lone Wolf Trail, Spencer, TN | $309,000 | — | — | — |
| 0 Long Fork Creek Rd, Spencer, TN | $309,000 | — | — | — |
| 0 Lone Wolf Trail, Spencer, TN | $309,000 | — | — | — |
| 267 Simmons St, Spencer, TN | $310,000 | 4 | 2 | 2,600 |
| 1034 Gadsden Way, Spencer, TN | $315,000 | — | — | — |
Moving Cost Estimate
Listing Courtesy: Elevate Real Estate - 9315206450