538 Mount Nebo Rd, Iron City, Tennessee 38463
TN, Iron City-
Active Status
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144 Dayz On Cribz Total Days
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Land Property Type
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2 Acres Lot/Land Size
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Mortgage Wizard 3000 Advanced Breakdown
Opportunity to lease with an option to purchase this property located near the Tennessee/Alabama state line. Property includes approximately 2 acres, a circular driveway, additional utility connection in the backyard, and partially fenced acreage suitable for those wanting extra outdoor space.
Lease-Option Terms:
Minimum 10% option fee required.
Option fee and final purchase terms are subject to a written lease-option agreement.
Prospective purchaser must obtain their own independent real estate representation.
Property is offered AS-IS, WHERE-IS.
Seller will not make repairs.
Prospective purchaser is responsible for inspections, due diligence, financing, and determining whether the property meets their intended use.
Property needs handyman/repair work and may not currently qualify for traditional financing without repairs.
USDA / Rehabilitation Financing
The property may potentially qualify for a USDA rehabilitation, repair, or other eligible rural housing financing program, depending upon the property, proposed repairs, borrower eligibility, program requirements, and available funding.
No USDA eligibility or financing is guaranteed. Interested parties should contact USDA Rural Development or a USDA-approved/participating lender directly to determine borrower eligibility, property eligibility, required repairs, and available loan or rehabilitation options before entering into an agreement.
Potential buyers should not rely upon the Seller or brokerage as a source of lending or USDA eligibility advice.
Property Condition
Property is being offered in its present condition. Known or observed items may include electrical work, porch repairs, gutter/water-management concerns, signs of prior water intrusion, and other deferred maintenance. Buyer/optionee should perform all desired inspections and independently verify the condition of the property.
Seller will not complete lender-required or buyer-requested repairs.
Equal Housing Opportunity. All information is b
- Property Type: Land
- Listing Type: For Sale
- MLS #: 3164464
- Price: $147,000
- View: City
- Lot Area: 2 Acre
- Office Name: Polk Property Real Estate
- Agent Name: Shavonda M. Polk
- Listing Status: Active
- Street Number: 538
- Street: Mount Nebo Rd
- City Iron City
- State TN
- Zipcode 38463
- County Lawrence County, TN
- Subdivision Near /TN Alabama line
- Longitude: W88° 27' 46.6''
- Latitude: N35° 2' 52.9''
- Zoning: Residental
- Directions: From Saint Joseph take 227 1.5 miles, turn right onto Mt. Nebo Rd. Look for Pointer signs !y
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Utilities Water Available
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Sewer Septic Tank
- Elementary School: Leoma Elementary
- Middle School: Leoma Elementary
- High School: Loretto High School
- Water Source: Private
- Current Use: Residential
- Lot Features: Cleared, Level
- On Market Date: August 12th, 2026
- Previous Price: $169,900
- Annual Tax Amount: $825
- Mls Status: Active
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Aug 12th, 2026 @ 8:01pm
- Status Change Timestamp: Aug 12th, 2026 @ 7:42pm
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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