Assumable 5.24% VA loan or rental options!!! The sellers have gotten creative, and are offering an immediate cash producing property with a rent to own option! Discover a rare opportunity to own 22.8± acres in Madisonville with an established equestrian setup, multiple living spaces, income potential, and beautiful year round Smoky Mountain views. The main home is a well maintained 3 bedroom, 2 bath ranch offering 1,920 square feet of living space, featuring whitewashed pine walls, 9.5 foot ceilings, newer appliances, a metal roof, newer HVAC and water heater, and an expansive 10x40 covered front porch overlooking the mountains. The primary suite includes a trey ceiling, double walk in closets, and a walk in shower, creating a comfortable private retreat.
The equestrian facilities are designed for both personal use and potential income, featuring a 38x40 barn with 7 stalls expandable to 10, hot and cold water, electricity at each stall, and stall mats that convey. The property also includes a 280x120 riding arena, multiple paddocks, a wash station, covered storage, a creek across the front of the property, and a fully fenced layout. Attached to the barn is a separate 2 bedroom, 1 bath residence with 640 square feet and its own 40 foot covered porch, providing flexibility for guests, multigenerational living, or rental income. The equestrian facilities also offer the potential for an income producing horse focused Airbnb or individual stall rentals, subject to applicable regulations.
Additional improvements include a new 24x8 storage shed, another large outbuilding, and plenty of usable acreage for recreation, animals, or future plans. With established equestrian amenities, multiple residences, mountain views, and potential income opportunities, this property offers a versatile combination of rural lifestyle and investment potential in Monroe County.
Active
$650,000
598 Griffith Branch Rd, Madisonville, TN 37354
5beds
2,560sqft
Single Family Residence
Built in 2005
22.82 Acres Lot
$-- Zestimate®
$254/sqft
$-- HOA
What's special
Metal roofMultiple paddocksWash stationFully fenced layoutCovered storageLarge outbuildingEstablished equestrian setup
- 21 days
- 8,888
- 557
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Corien Schutte 865-963-9746,
United Real Estate Solutions 865-444-2400
Source: East Tennessee Realtors,MLS#: 1358727
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven
Features
- Walk-In Closet(s), Pantry, Eat-in Kitchen
- Flooring: Hardwood, Vinyl
- Windows: Windows - Vinyl, Insulated Windows
- Basement: Slab
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,560
- Total interior livable area: 2,560 sqft
Property
Parking
- Parking features: Off Street
Features
- Has view: Yes
- View description: Mountain(s), Country Setting, Trees/Woods
- Waterfront features: Creek
Lot
- Size: 22.82 Acres
- Features: Private, Wooded, Irregular Lot, Rolling Slope
Details
- Additional structures: Storage, Stable(s), Barn(s), Workshop, Guest House
- Parcel number: 081 03505 000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Metal Siding, Frame
Condition
- Year built: 2005
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Madisonville
Financial & listing details
- Price per square foot: $254/sqft
- Tax assessed value: $606,900
- Annual tax amount: $2,010
- Date on market: 10/13/2026
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2026 | Listed for sale | $650,000-11%$254/sqft |
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| 8/25/2026 | Listing removed | $730,000$285/sqft |
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| 6/9/2026 | Price change | $730,000-2.7%$285/sqft |
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| 3/11/2026 | Price change | $750,000-4.5%$293/sqft |
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| 12/12/2025 | Price change | $785,000-1.4%$307/sqft |
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| 10/10/2025 | Price change | $796,000-0.2%$311/sqft |
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| 10/4/2025 | Price change | $797,500-0.2%$312/sqft |
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| 9/20/2025 | Price change | $799,000-3.2%$312/sqft |
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| 9/12/2025 | Price change | $825,000-2.9%$322/sqft |
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| 8/16/2025 | Listed for sale | $850,000+58.9%$332/sqft |
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| 11/5/2021 | Sold | $535,000-2.7%$209/sqft |
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| 9/14/2021 | Pending sale | $550,000$215/sqft |
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| 5/19/2021 | Listed for sale | $550,000$215/sqft |
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Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,010 | $131,975 |
| 2024 | $2,010 | $131,975 |
| 2023 | $2,010 +2.4% | $131,975 +50.7% |
| 2022 | $1,962 +24.8% | $87,600 +24.8% |
| 2021 | $1,572 | $70,200 |
| 2020 | $1,572 +13.1% | $70,200 |
| 2019 | $1,390 | $70,200 |
| 2018 | $1,390 0% | $70,200 +12.7% |
| 2017 | $1,390 +134.5% | $62,275 +120.1% |
| 2016 | $593 | $28,300 |
| 2015 | $593 -0.1% | $28,300 -0.1% |
| 2014 | $593 | $28,322 |
| 2013 | $593 | $28,322 |
| 2012 | -- | $28,322 -33.3% |
| 2011 | $828 +23.4% | $42,469 |
| 2010 | $671 | $42,469 |
| 2009 | $671 0% | $42,469 |
| 2008 | $671 | $42,469 |
| 2007 | -- | $42,469 +133.2% |
| 2006 | $351 +14.9% | $18,210 |
| 2005 | $306 | $18,210 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 37354
Nearby schools
Schools provided by the listing agent
- Elementary: Madisonville Primary
- Middle: Madisonville Middle
- High: Sequoyah
Source: East Tennessee Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






