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  • $130,000

    550 Happy Hollow Rd, Madisonville, TN 37354

    3beds
    2,432sqft
    Mobile Home, Residential
    Built in 2007
    5 Acres Lot
    $132,000 Zestimate®
    $53/sqft
    $2,251 Estimated rent

    Home value

    $132,000

    $95,000 - $182,000

    $2,251/mo

    Zestimate® history
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    What's special

    550 Happy Hollow Road • Madisonville, TN High-ROI Investor Opportunity • 5 UNRESTRICTED Acres Attention investors—here's the value-add property you've been searching for. This 2007 double-wide manufactured home sits on 5 fully unrestricted acres in Madisonville, offering multiple exit strategies, strong upside potential, and the ability to subdivide the land for additional home sites if desired. The home features 3 bedrooms, 2 baths, a bonus room, and a wood-burning fireplace with an island kitchen. While the property will need cosmetic and repair updates, it is ideal for a flip, BRRRR, long-term rental, or short-term rental conversion. The layout is functional, the footprint is solid, and the land provides exceptional flexibility for further development. Key Highlights for Investors: Unrestricted 5 acres - suitable for subdividing into multiple home sites or adding tiny homes, manufactured homes, RV pads, or additional rental units Cash or conventional financing only - priced for a quick, clean close Strong rental demand for homes on acreage in Monroe County Well & septic - reduced monthly utility overhead Competitive list price: $150,000 with ample room for value-add improvements Multiple exit strategies including renovation, rental portfolio addition, or land development This property delivers the rare combination of unrestricted land, subdivision potential, and immediate value-add opportunity. Investors looking for a profitable project or multi-use land development option will appreciate the flexibility and upside here.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Carla Patton 423-507-7232,

    Silver Key Realty

    Bought with:

    Sherry Condee, 260021

    CENTURY 21 Legacy

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3206038MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Other
    • Features: Utility Room
    • Level: Utility Room
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Laundry: Washer Hookup, Electric Dryer Hookup
    Features
    • Kitchen Island
    • Flooring: Other
    • Basement: Crawl Space
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 2,432
    • Total interior livable area: 2,432 sqft
    • Finished area above ground: 2,432

    Property

    Features
    • Levels: One
    • Patio & porch: Deck
    Lot
    • Size: 5 Acres
    • Features: Private, Other, Rolling Slope
    • Topography: Private,Other,Rolling Slope
    Details
    • Parcel number: 114 01000 000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MobileManufactured
    • Property subtype: Mobile Home, Residential
    Materials
    • Frame, Vinyl Siding
    Condition
    • New construction: No
    • Year built: 2007

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Electricity Available

    Community & neighborhood

    Location
    • Region: Madisonville

    Price history

    DateEventPrice
    2/27/2026Sold$130,000$53/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3206038 Report a problem
    2/6/2026Pending sale$130,000$53/sqft
    Source: East Tennessee Realtors #1322550 Report a problem
    12/16/2025Price change$130,000-13.3%$53/sqft
    Source: East Tennessee Realtors #1322550 Report a problem
    11/21/2025Listed for sale$150,000+650%$62/sqft
    Source: East Tennessee Realtors #1322550 Report a problem
    10/17/2025Sold$20,000-80.3%$8/sqft
    Source: Public Record Report a problem
    11/14/2013Sold$101,745-7.4%$42/sqft
    Source: Public Record Report a problem
    6/22/2013Listed for sale$109,900-8.3%$45/sqft
    Source: Lay Realty Co., Inc. #850245 Report a problem
    11/30/2012Listing removed$119,900$49/sqft
    Source: Select Realty Professionals #20122103 Report a problem
    3/2/2012Listed for sale$119,900+178.2%$49/sqft
    Source: MobileHomesExpress Report a problem
    7/19/2002Sold$43,102+203.5%$18/sqft
    Source: Public Record Report a problem
    3/14/2002Sold$14,200+102.9%$6/sqft
    Source: Public Record Report a problem
    5/12/2000Sold$7,000-50%$3/sqft
    Source: Public Record Report a problem
    11/9/1999Sold$13,999-61%$6/sqft
    Source: Public Record Report a problem
    8/4/1998Sold$35,900-40.1%$15/sqft
    Source: Public Record Report a problem
    2/24/1998Sold$59,940-53.9%$25/sqft
    Source: Public Record Report a problem
    11/6/1997Sold$130,000+30%$53/sqft
    Source: Public Record Report a problem
    9/22/1997Sold$100,000$41/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$565 $37,100
    2024$565 $37,100
    2023$565 +11.9%$37,100 +64.5%
    2022$505 $22,550
    2021$505 $22,550
    2020$505 +13.1%$22,550
    2019$446 $22,550
    2018$446 +0.1%$22,550 +6.7%
    2017$446 +0.8%$21,125
    2016$442 $21,125
    2015$442 +0.1%$21,125 +0.1%
    2014$442 $21,106
    2013$442 $21,106
    2012-- $21,106 -28.2%
    2011$573 +23.4%$29,407
    2010$465 $29,407
    2009$465 +200%$29,407 +200%
    2008$155 $9,803
    2007-- $9,803 +34.4%
    2006$141 +14.9%$7,295
    2005$123 -4.2%$7,295 +9%
    2004$128 $6,695
    2002$128 $6,695 +73.4%
    2001-- $3,861 -72.1%
    2000-- $13,828

    Find assessor info on the county website

    Neighborhood: 37354

    Nearby schools

    GreatSchools rating