516 Mill St, Madisonville, TN 37354
New Listing
$319,000
Property Type:
Single Family
Bedrooms:
2
Square Footage:
1,040
Lot Size (sq. ft.):
60,984
Status:
Active
Current Price:
$319,000
List Date:
11/09/2026
Last Modified:
11/09/2026
Overview
Description
...
(Read more)
Opportunity takes shape at 516 Mill Street, where a One Level, two-bedroom, one-bath house and substantial land create an appealing path for buyers with ideas. Offering 1,040 square feet, the residence is ready for a new owner to rethink, refresh, and personalize it over time. Its approachable price point may suit renovators, investors, or buyers seeking a smaller home with room beyond the walls. The detached 2level garage has phenomenal potential with electricity already in place.
The level 1.40 total acreage setting is a standout. With the home itself sitting on 0.43acre lot it leaves 0.97acres with space that could support gardening, outdoor recreation, or future plans subject to required approvals. Adding versatility is a detached garage or apartment structure with a loft & electricity, offering possibilities for parking, storage, a workshop, or supplemental use according to buyer needs and applicable regulations. One garage parking space is included.
An especially valuable component is the separate 0.97-acre buildable lot. Whether held for added privacy, explored for another residence, or considered as a longer-term investment, it expands the property's potential. Buyers should independently verify boundaries, utilities, access, zoning requirements, and permitted uses with Monroe County and local authorities.
Set within walking distance of downtown Madisonville, this address places shops, dining, and everyday services close at hand. Memorial Park is also nearby, providing a convenient place for fresh air and recreation. Zoned R-1, the property combines a manageable home, generous acreage, an auxiliary structure, and an additional homesite in one distinctive offering. Schedule a visit and consider how this Madisonville property could fit your plans.
Listing Details MLS# 1361496
Location Tax Legal Info
- House #
- 516
- Street Name
- Mill
- St Suffix
- St
- State/Province
- TN
- Zip Code
- 37354
- PIN #
- 067 114.00 & 067 114.01
Contract Info
- Auction Y/N
- No
- Listing Price
- 319000
- Occupancy
- Permanent Residence
General Property Description
- Type
- Ranch
- Acres
- 1.4
- Acre Source
- Tax Records
- Site Built
- Yes
- Restrictions
- Yes
- SqFt - Total (Aprox)
- 1040
- SqFt - Main Lvl
- 1040
- # Bedrooms
- 2
- Baths - Full
- Yes
- # of Rooms
- 4
- Fireplace
- Yes
- # Fireplace
- Yes
- Property Status
- N/A
- HOA
- No
- Year Built
- 1935
- Bonus Room
- No
- Extra Storage
- Yes
Status Change Info
- Status Change Date
- 2026-11-08
More Information
Property Features
Style:
Craftsman
Construction:
Block
Siding:
Vinyl
Basement:
Crawl Space
Lot Description:
Level
View:
Country Setting
Fireplace:
Brick; Wood Burning Stove
Floors:
Hardwood; Vinyl
Fuel:
Gas (Natural)
Heat:
Central
Cooling:
Ceiling Fan(s); Central Cooling
Appliances:
Dishwasher; Dryer; Range; Refrigerator; Washer
Sewer:
Public Sewer
Water:
Public
Other Rooms:
Extra Storage; Split Bedroom
Misc Features:
Internet Available; Washer/Dryer Connect
Exterior Features:
Porch - Covered; Windows - Wood
Outbuildings:
Detached Workshop; Storage Shed
Dining Area:
Formal Dining Area
Showing:
See Agent Instructns
New Financing:
Cash; Conventional; FHA; USDA/Rural; VA Loan
Documents
IDX
Listing Office:
The Price Agency, Realty Executives
Last Updated: November - 09 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the East Tennessee REALTORS® Multiple Listing Service. © Copyright 2026 All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. 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.
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