1212 Dry Hill Rd · Butler, TN 37640

$385,000

2 bd · 2.0 ba · 1,824 sqft · SingleFamily public records · 277 Days on market

Built 2007 0.70 ac lot Est $620k · 38% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +14.7/30.0
• DSCR +4.5/10.0
• Appreciation +3.1/10.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

Key facts

• Paved circular drive
• Grassy backyard
• Flex spaces

Tags

• GRASSY BACKYARD
• PAVED CIRCULAR DRIVE
• OUTDOOR LIVING SPACES
• SERENE MOUNTAIN VIEWS
• TWO ADDITIONAL SLEEPING AREAS
• FLEX SPACES

Property features AI

Finance

• HOA & community: Landscaping provided by association

Exterior

• Parking: Attached garage (1 car); Asphalt driveway with circular drive
• Utilities: Public water; Septic tank; Electricity connected and available; Cable available; Phone available; Propane available; Water available
• Home design: Cabin-style single-family home; Two levels
• Construction: Metal roof; Wood siding construction
• Exterior features: Covered patio and front porch; Deck; Property has a view; Level topography

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator
• Bedrooms: Total rooms: 10
• Flooring: Hardwood flooring
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Heat pump; Central air conditioning
• Interior features: Open floor plan; Soaking tub; Gas log fireplace with stone surround in the great room
• Laundry & utility: Washer hookup; Electric dryer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $385k.

Deal economics

• At list price, monthly cash flow is $44 ($528/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $300k (22.1% below list).
• Recommended offer: $300k (22.1% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 1.7% in Butler — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Johnson County (rural): math 27% / reading 31% proficiency, ranked #69 of 139 in TN (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Roan Creek Elementary (math 32% / reading 27%, grade F, #423 of 952 statewide, top 48%, 345 students, 0% FRL); Johnson Co Middle School (math 28% / reading 31%, grade F, #107 of 333 statewide, top 33%, 284 students, 0% FRL); Johnson Co High School (math 17% / reading 32%, grade F, #129 of 332 statewide, top 43%, 643 students, 0% FRL) — zoned schools average 0% FRL vs 59% district-wide (59 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 207 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6 units permitted in Johnson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Johnson County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 277 days — a 12% lower offer ($339k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago; this cycle's ask has dropped $90k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $150k; list at $385k implies a 157% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk; moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $300,000 (22.1% below list)

Questions for the listing agent

1. It's been on market 277 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 6.60%
• Cash-on-cash: 1.11%
• DSCR: 1.05
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $620,160
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
306 Silver Oak Trl	0.55mi	3/2.5 (+1)	1,870 (+2%)	4mo	$635,000	$340	60
1934 Dry Hill Rd	0.50mi	3/2.5 (+1)	2,024 (+11%)	5mo	$475,000	$235	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.45×
• Total profit: $-59,746
• Equity at exit: $57,405

10-year hold

• IRR: -7.2%
• Equity multiple: 0.54×
• Total profit: $-49,071
• Equity at exit: $33,288

Cash invested: $107,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37640

• Home prices YoY: -1.0%
• Active inventory: 207
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $3,000 medium
• Mortgage (P&I): −$2,019
• Tax from tax record: −$91 /mo · $1,093/yr
• Insurance: −$160
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$630
• Net cashflow: $44

Break-even live

Break-even rent $2,944

Max offer price $385,000

Occupancy floor 94%

Sensitivity live

Price	-10% $262	-5% $153	+0% $44	+5% $-65	+10% $-174
Rent	-10% $-193	-5% $-75	+0% $44	+5% $162	+10% $281
Rate	-1.0pp $238	-0.5pp $142	base $44	+0.5pp $-56	+1.0pp $-157

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $96,250
• Closing costs: $11,550
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
249 Candlewood Ln Butler, TN	3.0	2.0	1583	$3,000	$1.90	15d	1	1.33mi

Listing history 34 events

1. 2026-06-22
   days on market $385,000 Active 277 DOM
2. 2026-06-19
   days on market $385,000 Active 275 DOM
3. 2026-06-18
   days on market $385,000 Active 274 DOM
4. 2026-06-17
   days on market $385,000 Active 273 DOM
5. 2026-06-16
   days on market $385,000 Active 272 DOM
6. 2026-06-15
   days on market $385,000 Active 271 DOM
7. 2026-06-14
   days on market $385,000 Active 269 DOM
8. 2026-06-13
   days on market $385,000 Active 268 DOM
9. 2026-06-10
   days on market $385,000 Active 266 DOM
10. 2026-06-09
    days on market $385,000 Active 265 DOM
11. 2026-06-08
    days on market $385,000 Active 264 DOM
12. 2026-06-07
    days on market $385,000 Active 263 DOM
13. 2026-06-02
    days on market $385,000 Active 258 DOM
14. 2026-06-01
    days on market $385,000 Active 257 DOM
15. 2026-05-31
    days on market $385,000 Active 256 DOM
16. 2026-05-30
    days on market $385,000 Active 255 DOM
17. 2026-03-16
    price $385,000

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

18. 2026-03-16
    price $385,000 2176-char remark

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

19. 2026-01-14
    status Active

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

20. 2026-01-14
    status Active 2176-char remark

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

21. 2025-11-08
    historical Active Under Contract 2176-char remark

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

22. 2025-11-07
    status Pending
23. 2025-09-09
    status Active 2176-char remark

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

24. 2025-08-12
    price $399,000 2176-char remark

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

25. 2025-08-12
    price $399,000

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

26. 2025-07-24
    price $425,000 2176-char remark

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

27. 2025-07-24
    price $425,000

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

28. 2025-07-11
    listed $475,000 Active

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

29. 2025-07-11
    listed $475,000 Active 2176-char remark

    Show marketing remark (2176 chars)

    Just minutes from Watauga Lake and the Sink Mountain boat ramp, this fully furnished mountain retreat offers four sleeping areas and flexible accommodations, making it ideal for lake weekends, mountain escapes or vacation rental guests. Located just around the corner from Villa Nova Vineyard, the property combines scenic mountain views, expansive outdoor living spaces and turnkey convenience in one of the region’s most sought-after recreation destinations. With strong short-term and long-term rental potential, this home offers both lifestyle appeal and investment opportunity. Now offered at an improved price of $385,000, this 1,960-square-foot residence sits on a level lot with a grassy backyard, paved circular drive and multiple outdoor living spaces overlooking peaceful mountain and pastoral views. Designed for comfort and flexibility, the home is officially permitted as a two-bedroom but provides two additional sleeping areas or flex spaces, ideal for remote work, guests or overflow accommodations. The main-level primary suite features dual walk-in closets and a spacious en-suite bath with a garden tub and walk-in shower. Vaulted ceilings elevate the great room, where a two-story stone propane fireplace and handcrafted mountain laurel railings create a warm mountain aesthetic. Hardwood floors run throughout the main living areas, and the open-concept floor plan seamlessly connects the living, dining and entertaining spaces. Outdoor living is a highlight of the property. Enjoy scenic mountain views from the recently stained rear deck or relax on the covered front porch, perfect for morning coffee or quiet evenings in the mountains. Additional features include a one-car garage, basement storage, high-speed fiber internet through Skyline Skybest and public water via Mountain City, providing modern convenience in a peaceful mountain setting. Located moments from boating, fishing and recreation at Watauga Lake, this property offers an effortless option for a personal mountain getaway, full-time residence or income-producing vacation rental. Furnishings convey with minor exclusions, allowing for immediate enjoyment or rental readiness.

30. 2019-12-02
    soldstatus $150,000 976-char remark

    Show marketing remark (976 chars)

    REDUCED! CLOSE TO WATAUGA LAKE, FIREPLACE, MASTER BEDROOM ON MAIN AND MOUNTAIN VIEWS! Great home with vaulted ceiling, living room with gas log stone fireplace up to vaulted ceiling, wood floors, kitchen with lots of custom cabinets, pantry, island, dining area, master bedroom on main, master bath with garden tub and walk in shower, laundry room on main, half bath, upstairs stairway with Mountain Laurel railing, 3 additional bedrooms upstairs, bathroom, front covered porch, back deck, one car garage, level back yard, 3 paved driveways, plenty of parking, metal roof and mountain views! Close to Watauga Lake (5 minutes), Appalachian Trail, Mountain City, TN, Doe Mountain Recreation Area with hiking, biking, ATV and horseback riding trail, Boone, NC, Virginia Creeper Trail and Bristol Raceway! COME WATCH ALL THE WILDLIFE GO BY OR HOP ON YOUR BOAT AND GO FISHING, SWIMMING OR JET SKIING IN WATAUGA LAKE TODAY! All information to be verified by buyer/buyer's agent.

31. 2019-04-16
    listed $159,000 976-char remark

    Show marketing remark (976 chars)

    REDUCED! CLOSE TO WATAUGA LAKE, FIREPLACE, MASTER BEDROOM ON MAIN AND MOUNTAIN VIEWS! Great home with vaulted ceiling, living room with gas log stone fireplace up to vaulted ceiling, wood floors, kitchen with lots of custom cabinets, pantry, island, dining area, master bedroom on main, master bath with garden tub and walk in shower, laundry room on main, half bath, upstairs stairway with Mountain Laurel railing, 3 additional bedrooms upstairs, bathroom, front covered porch, back deck, one car garage, level back yard, 3 paved driveways, plenty of parking, metal roof and mountain views! Close to Watauga Lake (5 minutes), Appalachian Trail, Mountain City, TN, Doe Mountain Recreation Area with hiking, biking, ATV and horseback riding trail, Boone, NC, Virginia Creeper Trail and Bristol Raceway! COME WATCH ALL THE WILDLIFE GO BY OR HOP ON YOUR BOAT AND GO FISHING, SWIMMING OR JET SKIING IN WATAUGA LAKE TODAY! All information to be verified by buyer/buyer's agent.

32. 2003-06-12
    soldstatus $17,500
33. 2002-10-31
    soldstatus $15,300
34. 2000-09-27
    soldstatus $12,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $1,093 · $91/mo
• Projected year-2 tax: $2,734 · $228/mo
• Expected delta: +$1,640/yr (+$137/mo · 150.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 3/10 Moderate 8 d/yr ≥94°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,000
• − Mortgage interest: −$21,566
• − Property taxes: −$1,093
• − Insurance: −$2,592
• − Repairs & maintenance: −$2,880
• − Management: −$2,880
• − Depreciation: −$11,200
• Taxable loss: −$6,210
• Est. tax savings @ 24.0%: +$1,491
• After-tax cash flow: $2,018/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Johnson County
• NCES district ID: 4702160
• Math proficiency: 27% ▼ -11.00%
• Reading proficiency: 31% ▬ 0.00%
• Median HH income: $31,298
• Composite: 23.58/100
• National rank: #7852
• State rank: #69 of 139 in TN

Livability — Butler

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 3,343

Population outlook (Johnson County) Hauer SSP2

• Today (2025): 16,842 people
• By 2030: 16,158 · -4.1%
• By 2040: 14,682 · -12.8%
• By 2050: 13,306 · -21.0%
• By 2075: 11,087 · -34.2%
• By 2100: 9,360 · -44.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 3%
• Common ancestry: Serbian 5% Lithuanian 2% Italian 2%
• Foreign-born: 1%

Political lean MEDSL · Johnson

• 2024 margin: Solid R (+69.3) · D 15.0% · R 84.3%
• 2008→2024 swing: -27.1pp toward R · 2008: -42.2pp · 2024: -69.3pp
• All cycles: 2024: R+69.3 2020: R+66.9 2016: R+67.3 2012: R+50.5 2008: R+42.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -3.70%
• Current HPI: 376.3439
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+3108.3% since first listed

18 events — show timeline

• 2026-03-16 Price Changed $385,000 TVRMLS
• 2026-03-16 Price Changed $385,000 HCMLS
• 2026-01-14 Relisted — TVRMLS
• 2026-01-14 Relisted — HCMLS
• 2025-11-08 Contingent — HCMLS
• 2025-11-07 Pending — TVRMLS
• 2025-09-09 Relisted — HCMLS
• 2025-08-12 Price Changed $399,000 HCMLS
• 2025-08-12 Price Changed $399,000 TVRMLS
• 2025-07-24 Price Changed $425,000 HCMLS
• 2025-07-24 Price Changed $425,000 TVRMLS
• 2025-07-11 Listed $475,000 HCMLS
• 2025-07-11 Listed $475,000 TVRMLS
• 2019-12-02 Sold (MLS) $150,000 TVRMLS
• 2019-04-16 Listed $159,000 TVRMLS
• 2003-06-12 Sold (Public Records) $17,500 Public Records
• 2002-10-31 Sold (Public Records) $15,300 Public Records
• 2000-09-27 Sold (Public Records) $12,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $1,093 · +0.0% YoY. Source: county tax records.