138 Madison Drive, Dunlap, TN 37327 (MLS# 1361211)

138 Madison Drive, Dunlap, TN 37327

$1,700,000
Property Type: Land Lot Size (sq. ft.): 6,534,000 Status: Closed
Current Price: $1,700,000 List Date: 8/21/2022 Last Modified: 9/12/2024

Description

Offered is a wonderful opportunity to acquire 150 +/- acres wide open for an amazing new development opportunity OR keep as a Golf Course and Country Club w/ improvements. Acreage is nestled in the scenic valley base of the TN Cumberland Plateau right on the Bledsoe & Sequatchie County lines within Old Madison Estates conveniently located approx 40 min north of Downtown Chattanooga, TN Msa. Currently, the acreage is being used by owner as golf business. This beautiful acreage within Old Madison Estates combines the peacefulness of the TN Mountains with Panoramic mountain views. Property offered improvements include a clubhouse approx 7,942 sq ft featuring a pro shop, snack bar, event/meeting room that comfortably accommodates 25 guests, and a locker room with showers. Property has two swimming pools, one outdoor approx 70,000 gallon pool and an indoor heated 5ft deep pool and tennis courts. More improvements include an office/flex multi purpose building approx 1536 sq ft & additional warehouse/ storage buildings together totaling approx 6,600 sq ft. Continue as a golf course/ business or subdivide and develop as the possibilities are endless here. Just 45 min to Chattanooga, TN MSA. Chattanooga is a thriving southern gem of a city and has continued to experience explosive growth in terms of population, business and jobs the last couple of years. ***Please note. Golf Carts are NOT included in offered price and must be transacted and sold separately due to arrangement in place with EZ GO golf cart dealer/owner.***Caveat Emptor , let the buyer beware! It is buyers responsibility to complete all due diligence to verify any/all buyer pertinent information including but not limited to zoning use, survey, soil mapping, utilities, permits, covenants / restrictions etc.**Licensee has personal interest in this property.** The ideas for this property are endless!! Call today!

More Information MLS# 1361211

Contract Information

Auction YN: No Office Exclusive: No Current Price: $1,700,000 Status: Closed Listing Contract Date: 2022-08-21 Sold Price: $1,700,000 Property Sub Type: Farm

Location, Tax, and Legal

Parcel Number: 030d A 005.00 Elementary School: Griffith Elementary School Middle Or Junior School: Sequatchie Middle High School: Sequatchie High Tax Annual Amount: 16814 Tax Legal Description: INFORMATION OFFICE*** Multiple Parcels w/ diff legal descriptions Deed Book: 331 Deed Page: 80

General Property Information

Lot Size Acres: 150 Lot Size Square Feet: 6534000 Lot Size Dimensions: 0 Association YN: No Senior Community YN: No View YN: Yes Waterfront YN: No Flood Zone YN: Partial List Price/Acre: 11666.67 Sold Price/Acre: 11333.33

Remarks and Miscellaneous

Public Remarks: Offered is a wonderful opportunity to acquire 150 +/- acres wide open for an amazing new development opportunity OR keep as a Golf Course and Country Club w/ improvements. Acreage is nestled in the scenic valley base of the TN Cumberland Plateau right on the Bledsoe & Sequatchie County lines within Old Madison Estates conveniently located approx 40 min north of Downtown Chattanooga, TN Msa. Currently, the acreage is being used by owner as golf business. This beautiful acreage within Old Madison Estates combines the peacefulness of the TN Mountains with Panoramic mountain views. Property offered improvements include a clubhouse approx 7,942 sq ft featuring a pro shop, snack bar, event/meeting room that comfortably accommodates 25 guests, and a locker room with showers. Property has two swimming pools, one outdoor approx 70,000 gallon pool and an indoor heated 5ft deep pool and tennis courts. More improvements include an office/flex multi purpose building approx 1536 sq ft & additional warehouse/ storage buildings together totaling approx 6,600 sq ft. Continue as a golf course/ business or subdivide and develop as the possibilities are endless here. Just 45 min to Chattanooga, TN MSA. Chattanooga is a thriving southern gem of a city and has continued to experience explosive growth in terms of population, business and jobs the last couple of years. ***Please note. Golf Carts are NOT included in offered price and must be transacted and sold separately due to arrangement in place with EZ GO golf cart dealer/owner.***Caveat Emptor , let the buyer beware! It is buyers responsibility to complete all due diligence to verify any/all buyer pertinent information including but not limited to zoning use, survey, soil mapping, utilities, permits, covenants / restrictions etc.**Licensee has personal interest in this property.** The ideas for this property are endless!! Call today! Directions: Take TN-111 N to US-127 N/Rankin Ave in Dunlap. Take the exit toward Pikeville from TN-111 N. Follow US-127 N to Madison Dr. Property on left.

Status Change Information

Status Change Timestamp: 2023-10-16 Major Change Timestamp: 2023-10-16T18:24:18Z Major Change Type: Status Change Under Contract Date: 2023-05-12 Close Date: 2023-10-13 Close Price: 1700000

Community Features

None: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Irregular Lot: 1 Lake on Lot: 1 Partially Cleared: 1 Pond on Lot: 1 Rural: 1 Will Not Divide: 1 Wooded: 1

Other Structures

Storage: 1 Workshop: 1

Possession

Negotiable: 1

Possible Use

Commercial: 1 Single Family: 1

Road Frontage Type

Private Road: 1

Special Listing Conditions

Investor: 1

Utilities

None: 1

View

Other: 1

License Number Info

Listing Agent’s State of Licensure: TN Listing Agent’s License Number: 328449 Listing Office’s State of Licensure: TN Listing Office’s License Number: 258777

Lock Box Type

None: 1

Historical Information

Public Historical Remarks 1: Owner Pays: Will Not Divide.

Location Tax and Legal

Street Number: 138 Street Name: Madison Street Suffix: Drive County: Sequatchie State: TN Postal Code: 37327 Subdivision Name: Old Madison Ests

Property Features

Community Features: None Listing Terms: Cash; Conventional Lot Features: Irregular Lot; Lake on Lot; Partially Cleared; Pond on Lot; Rural; Will Not Divide; Wooded Other Structures: Storage; Workshop Possession: Negotiable Possible Use: Commercial; Single Family Road Frontage Type: Private Road Special Listing Conditions: Investor Utilities: None View: Other Lock Box Type: None
Listing Office: RE/MAX Renaissance Realtors
Last Updated: September - 12 - 2024
Information deemed reliable but not guaranteed.