515 Wallace Rd

Luttrell, TN 37779

$160,000
Price
257,004 / 5.9
Lot Size / Acres
01-Wallace-Rd-Tennessee-1
02-Wallace-Rd-Tennessee-2
03-Wallace-Rd-Tennessee-3
04-Wallace-Rd-Tennessee-4
05-Wallace-Rd-Tennessee-5
06-Wallace-Rd-Tennessee-6
07-Wallace-Rd-Tennessee-7
08-Wallace-Rd-Tennessee-8
09-Wallace-Rd-Tennessee-9
10-Wallace-Rd-Tennessee-10
11-Wallace-Rd-Tennessee-11
12-Wallace-Rd-Tennessee-12
13-Wallace-Rd-Tennessee-13

Description

If you are searching for a few acres out in the country but close to town, this might be the property for you! This surveyed 5.9 acres is ready for some new owners to build that dream home on. The property has city water and electricity readily available saving you thousands in preparation costs. 515 Wallace Road has about 1000 feet of road frontage on Highway 370 and Wallace Road combined, so you will have several options when choosing your build site. Schedule your private showing today before...If you are searching for a few acres out in the country but close to town, this might be the property for you! This surveyed 5.9 acres is ready for some new owners to build that dream home on. The property has city water and electricity readily available saving you thousands in preparation costs. 515 Wallace Road has about 1000 feet of road frontage on Highway 370 and Wallace Road combined, so you will have several options when choosing your build site. Schedule your private showing today before this one is gone!
  1. Listed by Chase Buckner • The Real Estate Firm, Inc.

Property Details for 515 Wallace Road

Zoning Description
Zoned Agricultural
View
Country Setting
Zoning Zoned Agricultural
True
LISTING UPDATED: 07/28/2025 12:34 PM

Property Details for 515 Wallace Road

StatusActive
MLS #1287417
Days on Market325
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLots & Acreage
Year Built-
Lot Size5.90 AC
CountyUnion County

Location

Listing Courtesy of The Real Estate Firm, Inc., Chase Buckner
Add your commute

Building Information for 515 Wallace Road

Lot Size5.90 AC

Payment Calculator

$791 per month

30 year fixed, 6.28% Interest

Principal and Interest

$791

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 515 Wallace Road

Summary
Location and General Information
  • City: Luttrell
  • County Or Parish: Union County - 25
  • Directions: From The Real Estate Firm in Maynardville head south on Hwy 33 for approximately 3.2 miles and turn left on Ailor Gap Rd. In approximately 3.5 miles turn left onto SR-370. In 0.8 miles the property will be on the right.
  • Latitude: 36.196426
  • Longitude: -83.807203
  • MLS Area Major: Union County - 25
  • MLS Area Minor: Union County - 25
  • Postal Code: 37779
  • State Or Province: TN
  • Topography: Partially Cleared
  • Road Frontage County: True
  • View Country Setting: True
  • Location Tax Legal Info Area: Union County - 25
  • Remarks Misc Directions: From The Real Estate Firm in Maynardville head south on Hwy 33 for approximately 3.2 miles and turn left on Ailor Gap Rd. In approximately 3.5 miles turn left onto SR-370. In 0.8 miles the property will be on the right.
  • Topography Partially Cleared: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 072 053.00
  • Location Tax Legal Info Total Tax: 0.0
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 5.9
  • Lot Size Units: Acres
  • Lot Size Square Feet: 257004.0
  • Lot Features: Rolling, Irregular Lot
  • Lot Size Acres: 5.9
  • Lot Size Source: Survey
  • Lot Size Dimensions: 5.9
  • General Property Description Lot Dimensions: 5.9
  • General Property Description Acres: 5.9
  • General Property Description Acre Source: Survey
  • Lot Description Irregular Lot: True
  • Lot Description Rolling: True
Property and Assessments
  • Possession: At Closing
  • Sign On Property: Yes
  • Property Type Label: Lots & Acreage
  • Floor Plans Count: 0
  • Property Type: Lots & Acreage
  • Easements None: True
  • Documents on File Survey: True
  • Developmnt Potential Single Family: True
  • Possession At Closing: True
Utilities
  • Improvements Utilities on Site: True
  • Utilities Available Electricity: True
  • Utilities Available Water: True
Interior and Exterior Features
Interior Features
  • Bathrooms Total Integer: 0
Rental
Rent Information
  • General Property Description Restrictions: No

Property History for 515 Wallace Road

DateEvent & SourcePriceAppreciation
Jul 21, 2025

Price Change

KAARMLS #1287417

$160,000—
May 12, 2025

Listed (Active)

KAARMLS #1287417

$175,000—
Apr 28, 2025

Contract - Not Showing

KAARMLS #1287417

—
Jan 20, 2025

Listed (Active)

KAARMLS #1287417

$175,000—
DateEvent & SourcePrice
07/21/2025

Price Change

KAARMLS #1287417

$160,000
05/12/2025

Listed (Active)

KAARMLS #1287417

$175,000
04/28/2025

Contract - Not Showing

KAARMLS #1287417

—
01/20/2025

Listed (Active)

KAARMLS #1287417

$175,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 515 Wallace Road

This home is within Union County School District.
Rating
School
Type
Grades
Distance
Luttrell Elementary School
Public - PK to 5
H Maynard Middle School
Public - 6 to 8
Union County High School
Public - 9 to 12
Union County Alternative Center
Public - 6 to 12
Rating
School
Distance
Luttrell Elementary School
PublicPK to 5

H Maynard Middle School
Public6 to 8

Union County High School
Public9 to 12

Union County Alternative Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 515 Wallace Road, Luttrell, TN 37779

515 Wallace Road is a 5.9 ac of land for sale in Luttrell, TN 37779. This property was listed for sale on January 20, 2025 by The Real Estate Firm, Inc., it's currently listed at $160,000. This listing's school district is Union County School District. Nearby schools include Luttrell Elementary School, H Maynard Middle School and Union County High School. 515 Wallace Road is a 0-bed, 0-bath, 5.9 ac of land on a 257,004 sq. ft. / 5.9 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of The Real Estate Firm, Inc., Chase Buckner

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MTRMLS, Inc. All Rights Reserved. Last updated: 07/28/2025 12:34 PM