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For sale
  • Price cut: $600K (5/21)
    $1,950,000

    489 Hickory Grove Rd, Madisonville, TN 37354

    5beds
    4,517sqft
    : 
    Single Family Residence
    Built in 2015
    271.28 Acres Lot
    $1,892,700 Zestimate®
    $432/sqft
    $-- HOA

    What's special

    Four hen housesRolling terrainMature timberGas-burning stoveStainless steel appliancesOpen clearingsAttached three-car garage
    Situated in the peaceful countryside of Madisonville in scenic Monroe County, this versatile East Tennessee property offers an outstanding combination of privacy, comfort, recreation, and usable acreage. Available in two options consisting of the home with 57.1± acres or the home with 271.28± acres, this property is well-suited for buyers seeking a private residence, recreational retreat, family compound, or long-term investment opportunity. The centerpiece of the property is a spacious custom home offering approximately 4,517± square feet with 5 bedrooms and 5.5 bathrooms. Originally built in 1989 as a 3-bedroom, 2-bath home, the residence underwent a substantial expansion and renovation in 2015, resulting in a thoughtfully updated layout that blends rustic character with modern convenience. Pine wood walls throughout the home create a warm and inviting atmosphere, while the recently remodeled kitchen features stainless steel appliances, a gas-burning stove, and generous cabinet and counter space. Designed for comfortable everyday living, the home includes walk-in showers, walk-in closets, and a separate laundry room with a utility sink. A Generac generator, fiber internet service, and a recently rebuilt well with a new tank and pump provide reliability and convenience. The attached three-car garage includes a radiant floor heating system supplied by a wood stove located behind the residence, creating an efficient supplemental heat source during cooler months. In addition to the main residence, the property includes multiple additional living spaces that provide flexibility for guests, extended family, caretakers, or potential rental opportunities. A large multi-use barn includes a comfortable 2-bedroom, 1-bath apartment, meeting area, attached garage, and additional storage and utility space. Another detached garage building includes a 1-bedroom, 1-bath apartment featuring tongue-and-groove walls, hardwood flooring, and high UV-rated automatic garage doors. The acreage offers an attractive blend of mature timber, open clearings, rolling terrain, and established trail systems throughout the property. Extensive side-by-side trails create easy access across the land for riding, hiking, recreation, and property maintenance. Open areas provide space for gardening, recreation, equipment storage, or hobby farm use, while the mature wooded sections create excellent wildlife habitat and scenic natural surroundings. Additional improvements include four hen houses, adjoining carports for equipment storage, and an enclosed metal hay storage building located within a small pasture area. Portions of the property are fenced with durable post-and-rail fencing and reinforced cross-bracing. A gated entrance enhances both privacy and security while creating an attractive approach to the property. Whether you are searching for a private Tennessee homestead, recreational getaway, hunting property, multi-generational living setup, or a property with future income potential, this Monroe County tract offers the flexibility and infrastructure to support a wide variety of uses. Owner financing is available, and all utilities are already in place, including fiber internet access. Conveniently located near the foothills of the Smoky Mountains, this property provides the benefit of rural seclusion while remaining within reasonable driving distance of nearby towns and outdoor destinations throughout East Tennessee.
    4 days
    |
    532
    |
    40
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Wes Evans 865-360-5593,

    Whitetail Properties Real Estate, LLC 931-372-1844

    Source: East Tennessee Realtors,MLS#: 1341711MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Heating
      • Central, Propane, Electric
      Cooling
      • Wall Unit(s), Central Air, Ceiling Fan(s)
      Appliances
      • Included: Gas Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
      Features
      • Walk-In Closet(s)
      • Flooring: Hardwood, Radiant Floors, Tile
      • Windows: Insulated Windows
      • Basement: Crawl Space
      • Number of fireplaces: 1
      • Fireplace features: Gas
      Interior area
      • Total structure area: 4,517
      • Total interior livable area: 4,517 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached
      • Attached garage spaces: 3
      Features
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Country Setting, Trees/Woods
      • Waterfront features: Creek
      Lot
      • Size: 271.28 Acres
      • Features: Private, Wooded, Level, Rolling Slope
      Details
      • Additional structures: Barn(s), Guest House
      • Parcel number: 114 025.04, 114 028.03, 114 024.00, & .03
      • Other equipment: Generator

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding, Frame
      Condition
      • Year built: 2015

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      Location
      • Region: Madisonville

      Financial & listing details

      • Price per square foot: $432/sqft
      • Tax assessed value: $753,300
      • Annual tax amount: $2,589
      • Date on market: 5/21/2026
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        Estimated market value

        $1,892,700

        $1.80M - $1.99M

        $1,002/mo

        Price history

        DateEventPrice
        5/21/2026Price change$1,350,000-30.8%$299/sqft
        Source: Whitetail Properties #111924 Report a problem
        5/21/2026Price change$1,950,000+44.4%$432/sqft
        Source: East Tennessee Realtors #1341711 Report a problem
        5/21/2026Listed for sale$1,350,000-41.2%$299/sqft
        Source: East Tennessee Realtors #1341721 Report a problem
        4/5/2026Listing removed--
        Source: Owner Report a problem
        1/5/2026Price change$2,295,000-4.2%$508/sqft
        Source: Owner Report a problem
        10/13/2025Listed for sale$2,395,000-2.2%$530/sqft
        Source: Owner Report a problem
        10/3/2025Listing removed$2,450,000$542/sqft
        Source: East Tennessee Realtors #1306931 Report a problem
        9/17/2025Price change$2,450,000+53.6%$542/sqft
        Source: East Tennessee Realtors #1306931 Report a problem
        8/11/2025Price change$1,595,000-3.3%$353/sqft
        Source: East Tennessee Realtors #1306931 Report a problem
        7/2/2025Listed for sale$1,650,000+683.8%$365/sqft
        Source: East Tennessee Realtors #1306931 Report a problem
        8/2/2006Sold$210,500$47/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,589 $170,000
        2024$2,589 $170,000
        2023$2,589 +11.9%$170,000 +64.5%
        2022$2,314 $103,325
        2021$2,314 $103,325
        2020$2,314 +13.1%$103,325
        2019$2,045 +19%$103,325 +19%
        2018$1,719 0%$86,825 +12.9%
        2017$1,719 -4.4%$76,900 -10.5%
        2016$1,798 +125%$85,875 +125%
        2015$799 +0%$38,175 +0%
        2014$799 $38,174
        2013$799 $38,174
        2012-- $38,174 +2.7%
        2011$725 +23.4%$37,172
        2010$587 $37,172
        2009$587 +31.6%$37,172 +31.6%
        2008$446 $28,253
        2007-- $28,253 -35.3%
        2006$843 +14.9%$43,659
        2005$733 +19%$43,659 +35.3%
        2004$616 $32,274
        2002$616 $32,274
        2001-- $32,274 -61.8%
        2000-- $84,435

        Find assessor info on the county website

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          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.
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          Climate risks

          Neighborhood: 37354

          Getting around

          0 / 100
          Car-Dependent
          2 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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