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Sold for $130,000
  • $130,000

    550 Happy Hollow Rd, Madisonville, TN 37354

    3beds
    2,432sqft
    Single Family Residence
    Built in 2007
    5 Acres Lot
    $130,500 Zestimate®
    $53/sqft
    $2,110 Estimated rent

    Home value

    $130,500

    $117,000 - $145,000

    $2,110/mo

    Zestimate® history
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    $755/mo

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    What's special

    550 Happy Hollow Road • Madisonville, TN High-ROI Investor Opportunity • 5 UNRESTRICTED Acres Attention investors—here's the value-add property you've been searching for. This 2007 double-wide manufactured home sits on 5 fully unrestricted acres in Madisonville, offering multiple exit strategies, strong upside potential, and the ability to subdivide the land for additional home sites if desired. The home features 3 bedrooms, 2 baths, a bonus room, and a wood-burning fireplace with an island kitchen. While the property will need cosmetic and repair updates, it is ideal for a flip, BRRRR, long-term rental, or short-term rental conversion. The layout is functional, the footprint is solid, and the land provides exceptional flexibility for further development. Key Highlights for Investors: Unrestricted 5 acres - suitable for subdividing into multiple home sites or adding tiny homes, manufactured homes, RV pads, or additional rental units Cash or conventional financing only - priced for a quick, clean close Strong rental demand for homes on acreage in Monroe County Well & septic - reduced monthly utility overhead Competitive list price: $150,000 with ample room for value-add improvements Multiple exit strategies including renovation, rental portfolio addition, or land development This property delivers the rare combination of unrestricted land, subdivision potential, and immediate value-add opportunity. Investors looking for a profitable project or multi-use land development option will appreciate the flexibility and upside here.

    Zillow last checked: 7 hours ago

    Listing updated: February 28, 2026 at 06:22pm

    Listed by:

    Carla Patton 423-507-7232,

    Silver Key Realty

    Bought with:

    Sherry Condee, 260021

    Century 21 Legacy

    Source: East Tennessee Realtors,MLS#: 1322550MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: None
    Features
    • Kitchen Island, Bonus Room
    • Flooring: Other
    • Basement: Crawl Space
    • Number of fireplaces: 1
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 2,432
    • Total interior livable area: 2,432 sqft

    Property

    Parking
    • Parking features: Designated Parking
    Features
    • Has view: Yes
    • View description: Country Setting
    Lot
    • Size: 5 Acres
    • Features: Private, Irregular Lot, Rolling Slope
    Details
    • Parcel number: 114 010.00

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding, Frame
    Condition
    • Year built: 2007

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & neighborhood

    Location
    • Region: Madisonville

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    2/27/2026Sold$130,000$53/sqft
    Source: East Tennessee Realtors #1322550 Report a problem
    2/6/2026Pending sale$130,000$53/sqft
    Source: East Tennessee Realtors #1322550 Report a problem
    12/16/2025Price change$130,000-13.3%$53/sqft
    Source: East Tennessee Realtors #1322550 Report a problem
    11/21/2025Listed for sale$150,000+650%$62/sqft
    Source: East Tennessee Realtors #1322550 Report a problem
    10/17/2025Sold$20,000-80.3%$8/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$565 $37,100
    2024$565 $37,100
    2023$565 +11.9%$37,100 +64.5%

    Find assessor info on the county website

    Neighborhood: 37354

    Nearby schools

    GreatSchools rating
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