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.