Investor Special | Add-Value Opportunity
538 Mount Nebo Road | New Price: $187,500
Recorded survey available.
Call Owner/Agent directly for disclosure documents.
No known title issues. Traditional sale.
Replacement cost quoted over $244,000 by insurance.
Seller is currently enhancing the home with fresh Behr Ultra White paint in the living room, hallway, bedroom, bathroom, and laundry area to create a brighter, more move-in-ready feel. Exterior improvements are also in progress.
Property Highlights
3 Bedrooms | 1.5 Bathrooms
Approx. 2 Acres – Horse Friendly (up to 1 horse per acre)
Central Heat & Air
Extra power pole – ideal for RV setup, workshop, or shop
Storage building
Quiet rural setting
USDA / THDA financing possible
Affordable Rural Living with Land & Potential
This livable and functional 3-bedroom, 1.5-bath home sits on approximately 2 acres and offers privacy, flexibility, and room to grow—perfect for buyers who want land without city restrictions. Whether you’re looking to own instead of rent or build equity over time, this property presents a strong opportunity.
Seller Transparency
Hot water tank is functional but older; seller will replace with a full-price offer
Roof is not new and priced accordingly
Home needs cosmetic updates, reflected in the price
Ideal For
First-time buyers tired of renting
USDA / THDA-eligible buyers
Buyers with horses or animals
Investors seeking a value-add opportunity
Priced under $188,000 — a rare find with acreage in this area.
Don’t miss this rural opportunity with upside and flexibility.
Active
Price cut: $8K (1/23)
$187,500
538 Mount Nebo Rd, Iron City, TN 38463
3beds
2,402sqft
Est.:
Single Family Residence, Residential
Built in 1979
2 Acres Lot
$-- Zestimate®
$78/sqft
$-- HOA
What's special
Quiet rural settingStorage buildingCentral heat and air
- 80 days |
- 1,631 |
- 88 |
Zillow last checked: 8 hours ago
Listing updated: January 27, 2026 at 02:28pm
Listing Provided by:
Shavonda M. Polk 615-933-5157,
Polk Property Real Estate 931-292-0813
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3038974
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Bedroom 1
- Features: Walk-In Closet(s)
- Level: Walk-In Closet(s)
- Area: 176 Square Feet
- Dimensions: 16x11
Bedroom 2
- Features: Bath
- Level: Bath
- Area: 216 Square Feet
- Dimensions: 12x18
Bedroom 3
- Features: Walk-In Closet(s)
- Level: Walk-In Closet(s)
- Area: 120 Square Feet
- Dimensions: 12x10
Primary bathroom
- Features: Primary Bedroom
- Level: Primary Bedroom
Dining room
- Features: Combination
- Level: Combination
- Area: 210 Square Feet
- Dimensions: 15x14
Kitchen
- Area: 210 Square Feet
- Dimensions: 15x14
Living room
- Features: Separate
- Level: Separate
- Area: 357 Square Feet
- Dimensions: 21x17
Other
- Area: 120 Square Feet
- Dimensions: 10x12
Heating
- Central, Dual, Electric, Natural Gas, Propane, Wall Furnace
Cooling
- Ceiling Fan(s), Central Air, Dual, Electric, Gas, Wall/Window Unit(s)
Appliances
- Included: Oven, Cooktop
- Laundry: Washer Hookup
Features
- Bookcases, Built-in Features, Ceiling Fan(s), Walk-In Closet(s), High Speed Internet
- Flooring: Carpet, Wood, Laminate
- Basement: Crawl Space,Other
Interior area
- Total structure area: 2,402
- Total interior livable area: 2,402 sqft
- Finished area above ground: 1,552
- Finished area below ground: 850
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Rear
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 1
- Fencing: Partial
- Has view: Yes
- View description: City
Lot
- Size: 2 Acres
- Features: Cleared, Level
- Topography: Cleared,Level
Details
- Parcel number: 156 06202 000
- Special conditions: Standard
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
- Utilities for property: Electricity Available, Natural Gas Available, Water Available, Cable Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Country
HOA
- Has HOA: No
Location
- Region: Iron City
Financial & listing details
- Price per square foot: $78/sqft
- Tax assessed value: $164,100
- Annual tax amount: $825
- Date on market: 11/12/2025
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Price change | $187,500-4.1%$78/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3038974 Report a problem | ||
| 1/17/2026 | Listed for sale | $195,500+2.9%$81/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3038974 Report a problem | ||
| 1/9/2026 | Listing removed | $189,899$79/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3038974 Report a problem | ||
| 1/1/2026 | Price change | $189,8990%$79/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3038974 Report a problem | ||
| 12/27/2025 | Price change | $189,900-1.4%$79/sqft |
Source: RealTracs MLS as distributed by MLS GRID #3038974 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $825 | $41,025 |
| 2023 | $825 | $41,025 |
| 2022 | $825 +35.3% | $41,025 +99.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,012/mo
Principal & interest
$863
Property taxes
$83
Home insurance
$66
Climate risks
Neighborhood: 38463
Nearby schools
GreatSchools rating
- 6/10South Lawrence Elementary SchoolGrades: PK-8Distance: 4.6 mi
- 5/10Loretto High SchoolGrades: 9-12Distance: 5.1 mi
- 5/10Leoma Elementary SchoolGrades: PK-8Distance: 13 mi
Schools provided by the listing agent
- Elementary: Leoma Elementary
- Middle: Leoma Elementary
- High: Loretto High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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