2952 Hanging Limb Hwy · Monterey, TN 38574

$239,900

2 bd · 1.0 ba · 1,412 sqft · SingleFamily public records · 51 Days on market

Built 1984 2.00 ac lot $170/sqft · 49% below area

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Why this score? — see what drove the F 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).

• Appreciation +8.6/10.0
• ARV discount +7.5/15.0
• Cash flow +5.0/30.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

LAST DEAL FELL THRU DUE TO BUYER'S LOAN - NO FAULT OF SELLER! Perched on two unrestricted acres of open land and woods, this affordable residence is positioned close to the Muddy Pond community, 10 minutes from I-40 & the quaint town of Monterey. The updated kitchen showcases sleek new shaker cabinetry, granite countertops & an attractive tiled backsplash, along with stainless steel appliances. Notable amenities include a bonus room, pretty laminate flooring, & a cozy living room with fireplace and wood ceiling. The updated bathroom boasts a double sink vanity, tile flooring & walk-in shower. Recent improvements include newer HVAC system, gutter system, new windows and new ceiling fan lighting fixtures. The partially finished basement offers you versatile space, while the covered back porch provides an ideal spot to appreciate the privacy and watch the deer. Additional features comprise of a 500 square foot detached garage, 2 car carport and a 3500-watt gas generator. Call today!

Key facts

• Bonus room
• Updated kitchen
• Updated bathroom

Tags

• TWO UNRESTRICTED ACRES
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• BONUS ROOM
• UPDATED BATHROOM
• DOUBLE SINK VANITY

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Detached garage (1 car); 2-space carport
• Utilities: Septic tank
• Home design: Detached property
• Construction: Vinyl siding; Block and frame construction
• Exterior features: Vinyl windows; Storage building; Workshop; Private, wooded lot with rolling slope; Mountain and wooded views; country setting

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator
• Bedrooms: Master bedroom; Second bedroom
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central cooling; Ceiling fan(s)
• Interior features: Walk-in closets; Eat-in kitchen; Walkout, partially finished basement; Free-standing fireplace
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-564 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $140k (41.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $106k (55.8% below list).
• Recommended offer: $106k (55.8% below list) — sets the bar for 1% rule.
• Cap rate 3.5% vs local median 2.0% in Monterey — 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 72/100 on livability (#34 in TN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: amenities C-, commute F, employment F.
• Overton County (rural): math 27% / reading 30% proficiency, ranked #70 of 139 in TN (top 50%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Wilson Elementary (math 27% / reading 22%, grade F, #546 of 952 statewide, top 61%, 185 students, 0% FRL); Livingston Middle School (math 28% / reading 25%, grade F, #135 of 333 statewide, top 43%, 276 students, 0% FRL); Livingston Academy (math 8% / reading 41%, grade F, #143 of 332 statewide, top 43%, 885 students, 0% FRL) — zoned schools average 0% FRL vs 50% district-wide (50 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 230 active listings in the ZIP; 17 units permitted in Overton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $19k of equity ($2k loan paydown + $17k appreciation (7.3% local appreciation)).
• Overton County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $145k; list at $240k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $106,064 (55.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 56% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.44% ✗
• Cap rate: 3.47%
• Cash-on-cash: -10.08%
• DSCR: 0.55
• GRM: 18.8

CMA / ARV

• ARV (median comp): $502,355
• List price: $239,900
• Delta: -52.24%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

7.29% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.7%
• Equity multiple: 1.77×
• Total profit: $52,053
• Equity at exit: $170,877

10-year hold

• IRR: 11.6%
• Equity multiple: 3.64×
• Total profit: $177,539
• Equity at exit: $328,873

Cash invested: $67,172 (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 38574

• Home prices YoY: 2.3%
• Active inventory: 230
• Price-to-rent: 18.8×

Monthly cashflow live

• Estimated rent: $1,061 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$44 /mo · $529/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $-564

Break-even live

Break-even rent $1,775

Max offer price $140,238

Occupancy floor —

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Listing history 42 events

1. 2026-06-19
   days on market $239,900 Active 51 DOM
2. 2026-06-18
   days on market $239,900 Active 50 DOM
3. 2026-06-17
   days on market $239,900 Active 49 DOM
4. 2026-06-16
   days on market $239,900 Active 48 DOM
5. 2026-06-15
   days on market $239,900 Active 47 DOM
6. 2026-06-14
   days on market $239,900 Active 45 DOM
7. 2026-06-13
   days on market $239,900 Active 44 DOM
8. 2026-06-10
   days on market $239,900 Active 42 DOM
9. 2026-06-09
   days on market $239,900 Active 41 DOM
10. 2026-06-08
    days on market $239,900 Active 40 DOM
11. 2026-06-07
    days on market $239,900 Active 39 DOM
12. 2026-06-02
    statusdays on market $239,900 Active 34 DOM

    Show marketing remark (1017 chars)

    LAST DEAL FELL THRU DUE TO BUYER'S LOAN - NO FAULT OF SELLER! Perched on two unrestricted acres of open land and woods, this affordable residence is positioned close to the Muddy Pond community, 10 minutes from I-40 & the quaint town of Monterey. The updated kitchen showcases sleek new shaker cabinetry, granite countertops & an attractive tiled backsplash, along with stainless steel appliances. Notable amenities include a bonus room, pretty laminate flooring, & a cozy living room with fireplace and wood ceiling. The updated bathroom boasts a double sink vanity, tile flooring & walk-in shower. Recent improvements include newer HVAC system, gutter system, new windows and new ceiling fan lighting fixtures. The partially finished basement offers you versatile space, while the covered back porch provides an ideal spot to appreciate the privacy and watch the deer. Additional features comprise of a 500 square foot detached garage, 2 car carport and a 3500-watt gas generator. Call today!

13. 2026-06-01
    days on market $239,900 Pending - Continue to Show - Financing 33 DOM
14. 2026-05-31
    days on market $239,900 Pending - Continue to Show - Financing 32 DOM
15. 2026-05-30
    days on market $239,900 Pending - Continue to Show - Financing 31 DOM
16. 2026-05-03
    historical Active Under Contract 940-char remark

    Show marketing remark (1017 chars)

    LAST DEAL FELL THRU DUE TO BUYER'S LOAN - NO FAULT OF SELLER! Perched on two unrestricted acres of open land and woods, this affordable residence is positioned close to the Muddy Pond community, 10 minutes from I-40 & the quaint town of Monterey. The updated kitchen showcases sleek new shaker cabinetry, granite countertops & an attractive tiled backsplash, along with stainless steel appliances. Notable amenities include a bonus room, pretty laminate flooring, & a cozy living room with fireplace and wood ceiling. The updated bathroom boasts a double sink vanity, tile flooring & walk-in shower. Recent improvements include newer HVAC system, gutter system, new windows and new ceiling fan lighting fixtures. The partially finished basement offers you versatile space, while the covered back porch provides an ideal spot to appreciate the privacy and watch the deer. Additional features comprise of a 500 square foot detached garage, 2 car carport and a 3500-watt gas generator. Call today!

17. 2026-05-03
    historical Pending - Continue to Show - Financing 940-char remark

    Show marketing remark (1017 chars)

    LAST DEAL FELL THRU DUE TO BUYER'S LOAN - NO FAULT OF SELLER! Perched on two unrestricted acres of open land and woods, this affordable residence is positioned close to the Muddy Pond community, 10 minutes from I-40 & the quaint town of Monterey. The updated kitchen showcases sleek new shaker cabinetry, granite countertops & an attractive tiled backsplash, along with stainless steel appliances. Notable amenities include a bonus room, pretty laminate flooring, & a cozy living room with fireplace and wood ceiling. The updated bathroom boasts a double sink vanity, tile flooring & walk-in shower. Recent improvements include newer HVAC system, gutter system, new windows and new ceiling fan lighting fixtures. The partially finished basement offers you versatile space, while the covered back porch provides an ideal spot to appreciate the privacy and watch the deer. Additional features comprise of a 500 square foot detached garage, 2 car carport and a 3500-watt gas generator. Call today!

18. 2026-04-28
    listed $239,900 Active 940-char remark

    Show marketing remark (1017 chars)

    LAST DEAL FELL THRU DUE TO BUYER'S LOAN - NO FAULT OF SELLER! Perched on two unrestricted acres of open land and woods, this affordable residence is positioned close to the Muddy Pond community, 10 minutes from I-40 & the quaint town of Monterey. The updated kitchen showcases sleek new shaker cabinetry, granite countertops & an attractive tiled backsplash, along with stainless steel appliances. Notable amenities include a bonus room, pretty laminate flooring, & a cozy living room with fireplace and wood ceiling. The updated bathroom boasts a double sink vanity, tile flooring & walk-in shower. Recent improvements include newer HVAC system, gutter system, new windows and new ceiling fan lighting fixtures. The partially finished basement offers you versatile space, while the covered back porch provides an ideal spot to appreciate the privacy and watch the deer. Additional features comprise of a 500 square foot detached garage, 2 car carport and a 3500-watt gas generator. Call today!

19. 2026-04-28
    listed $239,900 Active 940-char remark

    Show marketing remark (1017 chars)

    LAST DEAL FELL THRU DUE TO BUYER'S LOAN - NO FAULT OF SELLER! Perched on two unrestricted acres of open land and woods, this affordable residence is positioned close to the Muddy Pond community, 10 minutes from I-40 & the quaint town of Monterey. The updated kitchen showcases sleek new shaker cabinetry, granite countertops & an attractive tiled backsplash, along with stainless steel appliances. Notable amenities include a bonus room, pretty laminate flooring, & a cozy living room with fireplace and wood ceiling. The updated bathroom boasts a double sink vanity, tile flooring & walk-in shower. Recent improvements include newer HVAC system, gutter system, new windows and new ceiling fan lighting fixtures. The partially finished basement offers you versatile space, while the covered back porch provides an ideal spot to appreciate the privacy and watch the deer. Additional features comprise of a 500 square foot detached garage, 2 car carport and a 3500-watt gas generator. Call today!

20. 2024-01-25
    soldstatus $145,000
21. 2024-01-19
    soldstatus $145,000 Closed

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

22. 2024-01-19
    soldstatus $145,000 Closed

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

23. 2024-01-19
    soldstatus $145,000 Closed

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

24. 2023-12-20
    status Pending
25. 2023-12-20
    historical
26. 2023-12-08
    historical Active Under Contract

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

27. 2023-12-08
    historical Pending - Continue to Show - Inspection

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

28. 2023-11-29
    price $164,929

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

29. 2023-11-29
    price $164,929

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

30. 2023-11-21
    status Active

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

31. 2023-11-21
    status Active

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

32. 2023-11-13
    historical Active Under Contract

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

33. 2023-11-13
    historical Pending - Continue to Show - Financing

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

34. 2023-10-27
    price $169,929

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

35. 2023-10-27
    price $169,929

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

36. 2023-10-18
    status Active

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

37. 2023-10-18
    status Active

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

38. 2023-10-13
    historical Active Under Contract

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

39. 2023-10-13
    historical Pending - Continue to Show - Financing

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

40. 2023-10-10
    listed $174,929 Active

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

41. 2023-10-10
    listed $164,929

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

42. 2023-10-10
    listed $174,929 Active

    Show marketing remark (742 chars)

    Two acres of unrestricted property minutes from downtown Monterey. You have a spacious driveway leading to the home, space to park RV/camper, and a detached garage + workshop. Walking up you have a covered front porch and plenty of carport space. Once in the home your living room offers a wood detailed ceiling, a cozy fireplace, and opens up to your kitchen + dining area. The main level also offers two bedrooms and one full bath. There is also a bonus space perfect for an office or formal dining area. The basement is partially finished, which could be great for dry storage or to finish out a bonus space. The back porch is covered and ready to enjoy! Any loan types except FHA can be accepted. 13 month home warranty for peace of mind.

ⓘ 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: $529 · $44/mo
• Projected year-2 tax: $1,703 · $142/mo
• Expected delta: +$1,175/yr (+$98/mo · 222.2%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 3/10 Moderate 7 d/yr ≥99°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,728
• − Mortgage interest: −$13,438
• − Property taxes: −$529
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,018
• − Management: −$1,018
• − Depreciation: −$6,979
• Taxable loss: −$11,454
• Est. tax savings @ 24.0%: +$2,749
• After-tax cash flow: $-4,021/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: Overton County
• NCES district ID: 4703330
• Math proficiency: 27% ▼ -12.00%
• Reading proficiency: 30% ▼ -2.00%
• Median HH income: $34,479
• Composite: 23.47/100
• National rank: #7879
• State rank: #70 of 139 in TN

Livability — Monterey

• Score: 72/100
• State rank: #34
• US rank: #6168

Category grades

Amenities C- Commute F Cost of living A+ Crime C Employment F Housing A- Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 8,812

Population outlook (Overton County) Hauer SSP2

• Today (2025): 21,942 people
• By 2030: 21,633 · -1.4%
• By 2040: 20,812 · -5.1%
• By 2050: 19,770 · -9.9%
• By 2075: 17,125 · -22.0%
• By 2100: 13,695 · -37.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 10% Two or more races 7% Native American 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Overton

• 2024 margin: Solid R (+64.2) · D 17.4% · R 81.7%
• 2008→2024 swing: -50.9pp toward R · 2008: -13.3pp · 2024: -64.2pp
• All cycles: 2024: R+64.2 2020: R+58.6 2016: R+50.2 2012: R+25.7 2008: R+13.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.29%
• Current HPI: 328.1902
• 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

+37.1% since first listed

29 events — show timeline

• 2026-06-02 Relisted — Knoxville MLS
• 2026-06-02 Relisted — UCMLS
• 2026-05-03 Contingent — UCMLS
• 2026-05-03 Contingent — Knoxville MLS
• 2026-04-28 Listed $239,900 UCMLS
• 2026-04-28 Listed $239,900 Knoxville MLS
• 2024-01-25 Sold (Public Records) $145,000 Public Records
• 2024-01-19 Sold (MLS) $145,000 REALTRACS as Distributed by MLS Grid
• 2024-01-19 Sold (MLS) $145,000 UCMLS
• 2024-01-19 Sold (MLS) $145,000 Knoxville MLS
• 2023-12-20 Pending — REALTRACS as Distributed by MLS Grid
• 2023-12-20 Delisted — UCMLS
• 2023-12-08 Contingent — REALTRACS as Distributed by MLS Grid
• 2023-12-08 Contingent — Knoxville MLS
• 2023-11-29 Price Changed $164,929 Knoxville MLS
• 2023-11-29 Price Changed $164,929 REALTRACS as Distributed by MLS Grid
• 2023-11-21 Relisted — REALTRACS as Distributed by MLS Grid
• 2023-11-21 Relisted — Knoxville MLS
• 2023-11-13 Contingent — REALTRACS as Distributed by MLS Grid
• 2023-11-13 Contingent — Knoxville MLS
• 2023-10-27 Price Changed $169,929 Knoxville MLS
• 2023-10-27 Price Changed $169,929 REALTRACS as Distributed by MLS Grid
• 2023-10-18 Relisted — REALTRACS as Distributed by MLS Grid
• 2023-10-18 Relisted — Knoxville MLS
• 2023-10-13 Contingent — REALTRACS as Distributed by MLS Grid
• 2023-10-13 Contingent — Knoxville MLS
• 2023-10-10 Listed $164,929 UCMLS
• 2023-10-10 Listed $174,929 Knoxville MLS
• 2023-10-10 Listed $174,929 REALTRACS as Distributed by MLS Grid

Property tax history

+3.5%/yr

Latest (2025): $529 · +8.3% YoY. Source: county tax records.