1. Tennessee
2. Rockwood
3. 1 Millstone Mountain Rd

1 Millstone Mountain Rd, Rockwood, TN 37854

Property Description

This listing is a parcel totalling ±360 acres split into 5 parcels ranging from ±55 to ±90 acres in size. The splits are located on Millstone Mountain Road in east Cumberland County. The attached map shows the proposed splits and the access road that all five splits will share a 50 foot easement for ingress and utilities. The seller has not installed electric utilities along the road and all buyers will be required to share the expense for installation. Tracts 1 and 5 have road frontage and will not necessarily have to share in the installation costs. Tracts 2, 3, and 4 will definitely need to have electric along the access road. We have checked with Volunteer Electric and found the estimated total cost cost to be $42,000.00 to a point at the end of the easement. Further electric will be at each buyers expense. A Draft of the easement maintenance by the buyers can be found in the documents section on the website. Tract 1 is 55 acres Priced at $5500/acre or $302500.00. Tract 2 is 60 acres at $5500/acre or $330,000.00. Tract 3 is 88 acres at $5000.00/acre or $440,000.00. Tract 4 is 81 acres priced at $5500.00/acre or $445,500.00. Tract 5 is 76 acres $5000.00/acre or $380,000.00. Tract#1 is contract pending.

Listing Status:

Active

Date Added:

April 11, 2024 at 05:00AM

Listing Office:

AFM Real Estate : 865-248-8315

MLS ID:

1258980

Location

• Road/Access: County RoadPaved
• Originating MLS: East Tennessee REALTORS® MLS
• County: Cumberland County - 34

Lot

Financial

This listing courtesy of AFM Real Estate