550 Happy Hollow Rd
Description
High-ROI Investor Opportunity • 5 UNRESTRICTED Acres
Attention investors—here's the value-add property you've been searching for. This 2007 double-wide manufactured home sits on 5 fully unrestricted acres in Madisonville, offering multiple exit strategies, strong upside potential, and the ability to subdivide the land for additional home sites if desired. The home features 3 bedrooms, 2 baths, a bonus room, and a wood-burning fireplace with an island kitchen....550 Happy Hollow Road • Madisonville, TN
High-ROI Investor Opportunity • 5 UNRESTRICTED Acres
Attention investors—here's the value-add property you've been searching for. This 2007 double-wide manufactured home sits on 5 fully unrestricted acres in Madisonville, offering multiple exit strategies, strong upside potential, and the ability to subdivide the land for additional home sites if desired. The home features 3 bedrooms, 2 baths, a bonus room, and a wood-burning fireplace with an island kitchen. While the property will need cosmetic and repair updates, it is ideal for a flip, BRRRR, long-term rental, or short-term rental conversion. The layout is functional, the footprint is solid, and the land provides exceptional flexibility for further development. Key Highlights for Investors:
Unrestricted 5 acres - suitable for subdividing into multiple home sites or adding tiny homes, manufactured homes, RV pads, or additional rental units
Cash or conventional financing only - priced for a quick, clean close
Strong rental demand for homes on acreage in Monroe County
Well & septic - reduced monthly utility overhead
Competitive list price: $150,000 with ample room for value-add improvements
Multiple exit strategies including renovation, rental portfolio addition, or land development
This property delivers the rare combination of unrestricted land, subdivision potential, and immediate value-add opportunity. Investors looking for a profitable project or multi-use land development option will appreciate the flexibility and upside here.
- Listed by Carla Patton • Silver Key Realty
Property Details for 550 Happy Hollow Road
Property Details for 550 Happy Hollow Road
| Status | Active |
|---|---|
| MLS # | 1322550 |
| Days on Market | 48 |
| Taxes | $565 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Single Family / Single Family Residence |
| Year Built | 2007 |
| Lot Size | 5.00 AC / 217,800 SF |
| County | Monroe County |
Location
Building Information for 550 Happy Hollow Road
Payment Calculator
$681 per month
30 year fixed, 6.15% Interest
$634
$47
$0
Property Information for 550 Happy Hollow Road
- City: Madisonville
- County Or Parish: Monroe County - 33
- Directions: From Old Federal Rd 1.0 mi Turn right onto Wilson Station Rd 1.2 mi Turn left to stay on Wilson Station Rd 1.0 mi Turn left onto Happy Hollow Rd 0.5 mi Turn left
- Latitude: 35.425328
- Longitude: -84.39149
- MLS Area Major: Monroe County - 33
- MLS Area Minor: Monroe County - 33
- Postal Code: 37354
- State Or Province: TN
- View Country Setting: True
- Location Tax Legal Info Area: Monroe County - 33
- Remarks Misc Directions: From Old Federal Rd 1.0 mi Turn right onto Wilson Station Rd 1.2 mi Turn left to stay on Wilson Station Rd 1.0 mi Turn left onto Happy Hollow Rd 0.5 mi Turn left
- Attached Garage: No
- Parking Features: Designated Parking
- Atchd Dtchd Type Detached: True
- Garage Parking Designated Parking: True
- Association Fee: 0.0
- Parcel Number: 114 010.00
- Location Tax Legal Info Total Tax: 564.96
- General Property Description HOA: No
- Virtual Tours Count: 0
- Building Area Source: Tax Records
- Lot Size Area: 5.0
- Lot Size Units: Acres
- Lot Size Square Feet: 217800.0
- Year Built: 2007
- Lot Features: Private, Irregular Lot, Rolling Slope
- Building Area Total: 2432.0
- Lot Size Acres: 5.0
- Lot Size Source: Tax Records
- General Property Description SqFt - Main Lvl: 2432.0
- General Property Description SqFt - Down Lvl: 0.0
- General Property Description SqFt - 2nd Flr Lvl: 0.0
- General Property Description SqFt - 3rd Flr Lvl: 0.0
- General Property Description SqFt - Source: Tax Records
- General Property Description Acres: 5.0
- General Property Description Acre Source: Tax Records
- General Property Description Site Built: No
- Lot Description Irregular Lot: True
- Lot Description Private: True
- Lot Description Rolling Slope: True
- Possession: At Closing
- Property Attached: No
- Property Type Label: Single Family
- Floor Plans Count: 0
- Property Type: Single Family
- Property Sub Type: Single Family Residence
- Possession At Closing: True
- General Property Description Sewer: Septic Tank
- Fuel Electric: True
- Sewer Septic Tank: True
- Water Well: True
- Construction Materials: Vinyl, Frame
- Siding Vinyl: True
- Exterior Features Deck: True
- Beds Total: 3
- Baths Full: 2
- Baths Half: 0
- Cooling: Central Cooling
- Fireplaces Total: 1
- Fireplace: Yes
- Bathrooms Total Integer: 2
- Cooling Details: Yes
- Kitchen Appliances: None
- Basement: No
- Heating Details: Central, Electric
- Fireplace Features: Wood Burning
- Flooring: Other
- Heating: Yes
- Heating Central: Yes
- Fireplace Wood Burning: True
- Cooling Central Cooling: True
- Basement Crawl Space: True
- General Property Description Number of Bedrooms: 3
- General Property Description Number of Rooms: 8
- General Property Description Fireplace: Yes
- General Property Description Number of Fireplace: 1.0
- General Property Description Basement: No
- General Property Description Bonus Room: Yes
- General Property Description Extra Storage: Yes
- Heat Central: True
- Appliances None: True
- Other Rooms DenStudy: True
- Other Rooms Extra Storage: True
- Other Rooms Family Room: True
- Other Rooms Laundry Utility: True
- Other Rooms Mstr Bdrm Main Level: True
- Other Rooms Split Bedroom: True
- Misc Features Island in Kitchen: True
- Misc Features WasherDryer Connect: True
- Rooms Total: 8
- General Property Description Restrictions: No
- Tenant Expenses Cooling: Central Cooling
- Tenant Expenses Heating: Central,Electric
Property History for 550 Happy Hollow Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 16, 2025 | Price Change KAARMLS #1322550 | $130,000 | — |
| Nov 21, 2025 | Listed (Active) KAARMLS #1322550 | $150,000 | — |
| Oct 14, 2025 | Closed (Public Record) Public Record #1916720379 | $20,000 | -12.7% / yr |
| Dec 2, 2013 | Withdrawn KAARMLS #850245 | — | |
| Nov 8, 2013 | Closed (Public Record) Public Record #371994829 | $101,744 | — |
| Jun 20, 2013 | Listed (Active) KAARMLS #850245 | $109,900 | — |
| Dec 11, 2012 | Withdrawn KAARMLS #802173 | — | |
| May 17, 2012 | Listed (Active) KAARMLS #802173 | $119,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/16/2025 | Price Change KAARMLS #1322550 | $130,000 |
| 11/21/2025 | Listed (Active) KAARMLS #1322550 | $150,000 |
| 10/14/2025 | Closed (Public Record) Public Record #1916720379 | $20,000 -12.7% / yr |
| 12/02/2013 | Withdrawn KAARMLS #850245 | — |
| 11/08/2013 | Closed (Public Record) Public Record #371994829 | $101,744 |
| 06/20/2013 | Listed (Active) KAARMLS #850245 | $109,900 |
| 12/11/2012 | Withdrawn KAARMLS #802173 | — |
| 05/17/2012 | Listed (Active) KAARMLS #802173 | $119,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 550 Happy Hollow Road
Schools near 550 Happy Hollow Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Tellico Plains Elementary School PublicPK to 4 | ||
Tellico Plains Junior High School Public5 to 8 | ||
Tellico Plains High School Public9 to 12 | ||
Monroe Academy Public9 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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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 Silver Key Realty, Carla Patton
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 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 12/16/2025 04:15 PM