2 months on rocket

986 Chumley Mtn, Speedwell, TN, 37870

$750,000

55.50 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
WaterfrontPond
ViewMountain(s), Trees/Woods
MLS #1252845
Lot Size55.50 Acres
StatusActive

About 986 Chumley Mtn

A Side By Side or other offroad vehicle and experienced driver are required to access property. Be sure to view the attached aerial video of the property. Calling all adventurers, campers, side by side enthusiasts, and entrepreneurs. This is an unparalleled opportunity to own this historical 55 acre mountain top tract and cabin named the Chumley Cabin... also known to many as the Tackett Creek Cabin. Visited by many (who likely weren't aware that they were on private property). Included is an approximately 2 acre spring fed pond as well as a smaller pond. This could make an amazing off grid homestead, a tiny home rental community, or a primitive campground with unlimited potential. Facts about the property... This was the estate of Bill Chumley. The 55 acres, the best that we can discover, was purchased by Mr. Chumley in the 1980's, where he built the cabin as his full time residence for a period of time. It has had power and even heat and air at some point... presumably powered by a generator. Solar and wind power are two viable sources of electricity as part of a renovation. It is rumored to have a water well on site, but the location has not been discovered. It is tough to get to for inexperienced riders. It is remote, it is rugged, and it is absolutely amazing. There are no commercial utilities nor any known possibility of getting those utilities. This is perfectly 'off the grid'. It has incredible 360 degree rim front views of Powell Valley and White Oak (the cabin takes advantage of that White Oak view). So this is your opportunity to own a piece of local history for whatever myriad of development you could imagine... or as the most incredible private retreat just off the Cumberland Trail, and right in the middle of the best riding trails that the Eastern United States has to offer.

Property Details

Property Features

Listing Office:

  • Office Name: Fields Real Estate Co., INC.
  • Office Phone: (423) 562-9633

Exterior Features

Exterior Information:

  • Waterfront: Pond
  • View: Mountain(s), Trees/Woods

Lot Features

Lot Information:

  • Lot: Pond, Private, Rolling/Hilly, Wooded, Irregular Lot
  • Lot Size: 55.50 Acres

Other

Directions Information:

  • Directions: A Side By Side or other offroad vehicle and experienced driver are required to access property From I75 North Take exit 134 toward Jacksboro/La Follette. Merge onto US-25W N/I-75ALT N and continue for 8.2 mi. Turn left onto US-25W N/I-75ALT N/N Indiana Ave and continue for 5.0 mi. Take Duff Rd and Davis Creek Rd to your destination in Speedwell. Turn right toward Duff Rd and go 46 ft. Turn left at the 1st cross street onto Duff Rd and go 2.4 mi. Continue onto Davis Creek Rd for 4.7 mi. Make a sharp right and continue for 2.3 mi. Turn right, go 4.0 mi, and then turn right at the desti

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000

Tax Information:

  • Annual Amount: $204
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Speedwell, TN.

Med. Sold Price

$240K

Med. Price/SqFt

$184

Avg. Days On Market

16

# of Sold Homes

2

986 Chumley Mtn vs Speedwell

71 DAYS ON ROCKET

+55 Days

$750,000

+$510K More

KEY TAKEAWAY

This property is $510K more than the Median Sold Price in Speedwell, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1252845

Listing Office:

  • Office Name: Fields Real Estate Co., INC.
  • Office Phone: (423) 562-9633

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 12:50:21 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 09, 2019Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2020$204$7,925
2019$204$7,925
2018$204$7,925
2017$434$7,925

History based on county public records data.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1031725
6
/10
  • Sharps Chapel Elementary School

  • 1550 Sharps Chapel Rd

  • 9.88 miles

  • Public District Grades PK-5

school-card-donut-1031726
5
/10
  • Middlesboro Elementary School

  • 3400 Cumberland Ave

  • 10.69 miles

  • Public District Grades KG-4

school-card-donut-1031727
4
/10
  • White Oak Elementary School

  • 5634 White Oak Rd

  • 11.61 miles

  • Public District Grades KG-8

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,544. Most Speedwell, TN residents have annual incomes less than $35k. The most common type of family is married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 986 Chumley Mtn

What is the listing price of this property?

The listing price of 986 Chumley Mtn property is $750,000.

What type of property is this?

The property 986 Chumley Mtn is land located in Speedwell, Tennessee, 37870.

Is this property for sale now?

Active Listing: 986 Chumley Mtn is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $204 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 9, 2019 for $45,000. (source: MLS/tax record).

How much acreage is this property?

The property 986 Chumley Mtn is 55.50 acres.
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Rocket HomesTennesseeClaiborne CountySpeedwell37870986 Chumley Mtn

This home is located at 986 Chumley Mtn in Speedwell, TN and zip code 37870. This home sits on a 55.50 acre lot. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $750,000.

Speedwell, TN housing market in March 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below. Between February 2024 and March 2024, Speedwell, TN real estate market has seen decrease in the number of listings by 9.1%. In March 2024, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $240,000.

From Rocket Homes Real Estate and based on county public records data.

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