Charming 1960s Basement Rancher on Expansive 1-Acre Lot made up of two separately deeded parcels with a Massive Workshop—offering added flexibility for future use or investment.
Discover the perfect blend of vintage charm and endless potential with this 1960s basement rancher, beautifully situated on a sprawling 1-acre tract. This solidly built home offers classic character and a functional layout, providing a wonderful canvas to create your dream space.
A true standout feature is the impressive 2,473 sq ft workshop, offering unlimited possibilities—ideal for a home business, hobbyist, storage, automotive projects, or conversion into additional living or entertainment space. With ample room for equipment, tools, or creative ventures, this workshop is a rare find!
Enjoy the privacy and space of country-style living while still being conveniently located to nearby amenities. The expansive lot provides plenty of room for gardening, outdoor entertaining, or future expansion.
Whether you're looking for a property with room to grow, a place to pursue your passions, or an investment opportunity, this unique property delivers exceptional value and versatility.
Closed
$310,000
553 Mill St, Madisonville, TN 37354
3beds
2,196sqft
Single Family Residence, Residential
Built in 1960
0.98 Acres Lot
$311,800 Zestimate®
$141/sqft
$2,199 Estimated rent
Home value
$311,800
$281,000 - $343,000
$2,199/mo
Zestimate® history
Owner options
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$2,199/mo
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$2,199/mo
Rent Zestimate®
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$1,811/mo
Est. payment
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$1,811/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Cindy Braun 865-983-0011,
Realty Executives Associates,
Stacy Patterson,
Realty Executives Associates
Bought with:
Somer Ray, 335383
Realty Executives Associates
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3190634
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Kitchen
- Features: Eat-in Kitchen
- Level: Eat-in Kitchen
Other
- Features: Utility Room
- Level: Utility Room
Heating
- Central, Electric, Natural Gas, Other
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Range, Refrigerator
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Ceiling Fan(s)
- Flooring: Carpet, Wood, Laminate, Vinyl
- Basement: Unfinished,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,196
- Total interior livable area: 2,196 sqft
- Finished area above ground: 2,196
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Has attached garage: Yes
- Carport spaces: 3
Features
- Levels: One
- Patio & porch: Deck
- Has view: Yes
- View description: City
Lot
- Size: 0.98 Acres
- Features: Other, Level
- Topography: Other,Level
Details
- Parcel number: 067F B 02500 000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Fiber Cement, Frame, Stone, Other
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: No
Location
- Region: Madisonville
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $15,000
- Annual tax amount: $1,358
- Date on market: 1/10/2026
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 5/5/2026 | Sold | $310,000-3.1%$141/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3190634 Report a problem | ||
| 4/1/2026 | Pending sale | $319,900$146/sqft |
Source:  East Tennessee Realtors #1326084 Report a problem | ||
| 3/20/2026 | Price change | $319,900-11.1%$146/sqft |
Source: East Tennessee Realtors #1326084 Report a problem | ||
| 1/10/2026 | Listed for sale | $359,900+799.8%$164/sqft |
Source: East Tennessee Realtors #1326084 Report a problem | ||
| 12/27/2002 | Sold | $40,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $80 | $3,750 |
| 2024 | $80 | $3,750 |
| 2023 | $80 -5.4% | $3,750 +37.6% |
| 2022 | $84 | $2,725 |
| 2021 | $84 | $2,725 |
| 2020 | $84 +9.2% | $2,725 |
| 2019 | $77 | $2,725 |
| 2018 | $77 +0% | $2,725 -10.7% |
| 2017 | $77 -16% | $3,050 |
| 2016 | $92 | $3,050 |
| 2015 | $92 +13.8% | $3,050 +0.2% |
| 2014 | $81 | $3,045 |
| 2013 | $81 | $3,045 |
| 2012 | -- | $3,045 |
| 2011 | $75 +17.6% | $3,045 |
| 2010 | $64 | $3,045 |
| 2009 | $64 +0.7% | $3,045 |
| 2008 | $63 | $3,045 |
| 2007 | -- | $3,045 +66.7% |
| 2006 | $47 +10.7% | $1,827 |
| 2005 | $43 +15.7% | $1,827 +16.7% |
| 2004 | $37 | $1,566 |
| 2002 | $37 | $1,566 |
| 2001 | -- | $1,566 -64.3% |
| 2000 | -- | $4,385 |
Find assessor info on the county website
Neighborhood: 37354
Nearby homes
- $310,000-- bd0 ba2.4k sqft553 Mill St, Madisonville, TN 37354Sold
- $294,3003 bd2 ba1.8k sqft545 Mill St, Madisonville, TN 37354Off Market
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- $293,0003 bd2 ba2.4k sqft400 Englewood Rd, Madisonville, TN 37354Off Market
- $253,4003 bd1 ba1.4k sqft520 Mill St, Madisonville, TN 37354Sold
- $171,500-- bd0 ba1.1k sqft404 Englewood Rd, Madisonville, TN 37354Off Market
- $330,0005 bd4 ba3.4k sqft318 Englewood Rd, Madisonville, TN 37354Sold
- $239,2003 bd1 ba1.4k sqft524 Mill St, Madisonville, TN 37354Off Market
Nearby schools
GreatSchools rating
- NAMadisonville Primary SchoolGrades: PK-2Distance: 0.5 mi
- 5/10Madisonville Middle SchoolGrades: 6-8Distance: 1.6 mi
- 5/10Sequoyah High SchoolGrades: 9-12Distance: 3.5 mi
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- Tennessee
- Monroe County
- Madisonville
- 37354
- 553 Mill St
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