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489 Hickory Grove Rd, Madisonville, TN, 37354

5beds
6baths
4,517sqft
$1,950,000
$432price/sqft
$13,670/moest. monthly cost
$546,800/yrincome needed

About This Home

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.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
2
BikeSomewhat Bikeable

Schools

5/10

Construction

Condition

  • Year built: 2015

Materials

  • Construction materials: Vinyl Siding,Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Cooktop,Dishwasher,Dryer,Microwave,Range,Refrigerator,Self Cleaning Oven,Washer

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Features

  • Walk-In Closet(s)
  • Window features: Insulated Windows
  • Flooring: Hardwood,Radiant Floors,Tile
  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Propane,Electric
  • Cooling features: Wall Unit(s),Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 4,517
  • Total interior livable area: 4,517 sqft

Property

Details

  • Parcel number: 114 025.04, 114 028.03, 114 024.00, & .03
  • Other equipment: Generator

Features

  • Exterior features: Balcony
  • Has view: Yes
  • View description: Country Setting,Trees/Woods
  • Waterfront features: Creek

Lot

  • Lot size: 271.28 Acres
  • Features: Private,Wooded,Level,Rolling Slope

Parking

  • Total spaces: 3
  • Parking features: Attached
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Cold Wave
Earthquake
Tornado
Winter Weather

FEMA Declared Disasters Across Tennessee Counties

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,860$118,320
Home Insurance $993$11,916
Property Taxes $2,450$29,400
Electricity $367$4,404
Total$13,670$164,040

Income You'd Need if You Spent...

35% on housing$468,685/yr
40% on housing$410,100/yr
45% on housing$364,533/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.8%
8.8%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: 2.1%
2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$432This listing

vs Other Active Listings

Avg $/sqft

ZIP 37354$212
Monroe County$205

vs Homes Sold Last Month

Median $/sqft

ZIP 37354
Monroe County$215

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-21Price change$1,350,000
2026-05-21Price change$1,950,000
2026-05-21Listed for sale$1,350,000
2026-04-05Listing removed--
2026-01-05Price change$2,295,000
2025-10-13Listed for sale$2,395,000
2025-10-03Listing removed$2,450,000
2025-09-17Price change$2,450,000
2025-08-11Price change$1,595,000
2025-07-02Listed for sale$1,650,000
2006-08-02Sold$210,500

For Sale by Agent

AgentWes Evans
BrokerageWhitetail Properties Real Estate, LLC

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