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Chad Bisher

chadbisher@simplihom.com +1(615) 351-3522

$ 750,000

Est. payment -/mo

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Price Dropped by $250K

110 Falls LN Spencer, TN 38585

1 Bed

1 Bath

525 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 525 sqft

Price per Sqft $1,428

MLS Listing ID 1524910

Bedrooms 1

Full Baths 1

Year Built 2022

Lot Size 10.000 Acres

Acres 10.0

Lot Dimensions 10 acres IRR

Property Sub-Type Mixed Use

Source Greater Chattanooga REALTORS®

Property Description

Absolutely breathtaking acres, located atop the Cumberland Plateau in scenic Spencer, Tennessee. Just an hour away from Chattanooga and 1.5 hours from Nashville, this private piece of paradise offers dramatic brow lot views that must be experienced to truly comprehend its beauty. This property offers several incredible building sites to choose from, giving you the option to split it into two 5-acre tracts or even build guest homes for extended family. Access the property through a private gate at the end of a cul-de-sac, and enjoy the level gravel driveway leading up to a massive 32x40 ft metal double garage with a brand new 500 sq ft apartment featuring high-end finishes. The apartment is a perfect spot to live while building your dream home. It boasts gleaming tile, a dining area, decorative lighting, a spacious handicap accessible full bath, top-of-the-line washer/dryer, water filtration system, and a beautiful room with plenty of natural lighting. The full kitchen exceeds expectations with a long countertop, stainless farmhouse sink with commercial-grade fixtures, soft close cabinets with under cabinet lighting, and high-end black stainless appliances including a touch screen refrigerator, microwave, dishwasher, and convection oven. All utilities are in place and fiber optic internet is available to maintain your work and lifestyle seamlessly. There are also two separate septic systems installed for the apartment and a future home/cabin on one of the scenic peninsulas. Outdoor features include gated entry, gravel roads, water spigots around the property, and numerous walking trails for exploring the property's rock overhangs, formations, waterfall, or following a path down to the Rocky River. The owner of this property currently holds an active real estate license. Owner will consider owner financing with 30% down, amortized over 30 years with a 7 year balloon payment, interest rate is negotiable.

Location

State TN

County Van Buren

Area 10.0

Interior

Interior Features Eat-in Kitchen, High Speed Internet, Recessed Lighting, Tub/shower Combo

Heating Ductless

Cooling Ductless

Flooring Luxury Vinyl

Fireplace No

Appliance Water Heater, Washer/Dryer Stacked, Stainless Steel Appliance(s), Refrigerator, Oven, Microwave, Free-Standing Electric Range, Electric Range, Dishwasher

Heat Source Ductless

Laundry Laundry Closet, Washer Hookup

Exterior

Exterior Feature Outdoor Shower, None

Parking Features Driveway, Garage, Gated, Gravel

Garage Spaces 2.0

Garage Description Driveway, Garage, Gated, Gravel

Utilities Available Cable Available, Electricity Available, Electricity Connected, Water Available, Water Connected, See Remarks

View Mountain(s), Panoramic, Rural, Trees/Woods, Valley

Total Parking Spaces 2

Garage Yes

Building

Lot Description Brow Lot, Irregular Lot, Level, Many Trees, Native Plants, Private, Sloped, Split Possible, Steep Slope, Views, Waterfall, Wooded, See Remarks

Faces From Downtown Chattanooga; take US 27 N,; take TN-111 N/Dunlap; take SR-284//Baker Mtn Rd; LT on Baker Rd; LT on Hawks Bluff Rd; RT to stay on Hawks Bluff Rd; RT on Ridge View Dr; LT on Falls Ln; Property is at the end of cul-de-sac.

Foundation Slab

Sewer Septic Tank, See Remarks

Water Well

Structure Type Metal Siding

Schools

Elementary Schools Spencer Elementary

Middle Schools Spencer Middle

High Schools Van Buren County High

Others

Senior Community No

Tax ID 068 092.00

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Agent Owned

Greater Chattanooga Association of REALTORS(GCAR MLS)

Listed by Real Estate Partners Chattanooga LLC

Nearby Locations

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+1(615) 351-3522

chadbisher@simplihom.com