Well Below Recent Appraised Value Now offered at $147,900 Bring All Offers and proof of funds.
Excellent value-add opportunity situated on approximately 2 unrestricted acres in Iron City, Tennessee. Whether you're an investor, renovator, landlord, or owner-occupant seeking to build equity, this property offers significant potential at an attractive price point.
The existing floor plan may allow for conversion of the attached 2-car garage into additional living space, potentially creating a 4th or 5th bedroom, subject to buyer verification, approvals, and intended use.
To provide additional purchasing flexibility, the seller may consider a short-term lease with an option to purchase, subject to seller approval, a non-refundable option fee of 10%, and mutually agreed-upon terms.
Conveniently located near the Tennessee/Alabama state line, the property is served by Lawrenceburg Power and Iron City Water. No known deed restrictions. Contractor repair estimate available upon request.
Property is being sold AS-IS. Owner/Agent. Seller welcomes all offers.
Buyer to independently verify all information deemed important, including but not limited to square footage, acreage, zoning, restrictions, utilities, school zones, room count, financing suitability, Auction Information and intended use. Seller makes no representations or warranties regarding condition, future use, development potential, or possible improvements.
Active
Price cut: $3.1K (6/20)
$147,900
538 Mount Nebo Rd, Iron City, TN 38463
--beds
--baths
2Acres
Unimproved Land
Built in ----
2 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 87 days |
- 432 |
- 17 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Shavonda M. Polk 615-933-5157,
Polk Property Real Estate 931-292-0813
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3164464
Facts & features
Interior
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: City
Lot
- Size: 2 Acres
- Features: Cleared, Level
- Topography: Cleared,Level
Details
- Parcel number: 156 06202 000
- Zoning: Residental
- Special conditions: Standard
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
- Utilities for property: Water Available
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Near /Tn Alabama Line
HOA
- Has HOA: No
Location
- Region: Iron City
Financial & listing details
- Tax assessed value: $164,100
- Annual tax amount: $825
- Date on market: 3/28/2026
- Inclusions: Land And Buildings
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/20/2026 | Price change | $147,900-2.1% |
Source: | ||
| 6/19/2026 | Price change | $151,000-0.7% |
Source: | ||
| 5/24/2026 | Price change | $152,000-1.9% |
Source: | ||
| 5/16/2026 | Listed for sale | $155,000 |
Source: | ||
| 5/1/2026 | Listing removed | $155,000 |
Source: | ||
| 4/29/2026 | Price change | $155,000-0.6% |
Source: | ||
| 4/20/2026 | Price change | $155,8990% |
Source: | ||
| 4/6/2026 | Price change | $155,900-6.9% |
Source: | ||
| 3/31/2026 | Price change | $167,500-1.4% |
Source: | ||
| 3/29/2026 | Listed for sale | $169,900-2.7% |
Source: | ||
| 3/23/2026 | Listing removed | $174,600 |
Source: | ||
| 3/21/2026 | Price change | $174,600-0.2% |
Source: | ||
| 3/18/2026 | Price change | $174,900-0.1% |
Source: | ||
| 3/16/2026 | Price change | $174,9990% |
Source: | ||
| 3/12/2026 | Price change | $175,000-2.7% |
Source: | ||
| 3/6/2026 | Price change | $179,8990% |
Source: | ||
| 3/3/2026 | Price change | $179,900-1.2% |
Source: | ||
| 2/26/2026 | Price change | $182,000-0.3% |
Source: | ||
| 2/22/2026 | Price change | $182,500-0.8% |
Source: | ||
| 2/20/2026 | Price change | $184,000-0.5% |
Source: | ||
| 2/15/2026 | Price change | $184,900-0.1% |
Source: | ||
| 2/5/2026 | Price change | $185,000-1.3% |
Source: | ||
| 1/23/2026 | Price change | $187,500-4.1% |
Source: | ||
| 1/17/2026 | Listed for sale | $195,500+2.9% |
Source: | ||
| 1/9/2026 | Listing removed | $189,899+58.2% |
Source: | ||
| 11/26/2025 | Sold | $120,000+37.1% |
Source: Public Record Report a problem | ||
| 2/8/2019 | Sold | $87,500+5.4% |
Source: | ||
| 5/23/2007 | Sold | $83,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $825 | $41,025 |
| 2024 | $825 | $41,025 |
| 2023 | $825 | $41,025 |
| 2022 | $825 +35.3% | $41,025 +99.2% |
| 2021 | $610 | $20,600 |
| 2020 | $610 | $20,600 |
| 2019 | $610 +17.7% | $20,600 +17.7% |
| 2018 | $518 0% | $17,500 |
| 2017 | $518 | $17,500 |
| 2016 | $518 +8.1% | $17,500 |
| 2015 | $479 -0.7% | $17,500 -0.7% |
| 2014 | $483 | $17,625 |
| 2013 | $483 | $17,625 |
| 2011 | $483 | $17,625 |
| 2010 | $483 | $17,625 |
| 2009 | -- | $17,625 +30.6% |
| 2008 | $408 | $13,500 |
| 2007 | $408 | $13,500 |
| 2006 | $408 +9.8% | $13,500 |
| 2005 | $371 | $13,500 |
| 2004 | $371 +5.7% | $13,500 +0.9% |
| 2003 | $351 | $13,375 0% |
| 2001 | -- | $13,380 -75% |
| 2000 | -- | $53,521 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
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.
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Lawrence County
- Iron City
- 38463
- 538 Mount Nebo Rd




