538 Mount Nebo Rd
Iron City, TN, 38463 $ 155,000
Baths0.0 Monthly Estimate*
$ 954
Studio for $155,000. The lot size is 2.
Flexible opportunity on desirable 538 Mt. Nebo Rd! This property is being offered at $155,000 and may also be available for short-term lease consideration at $1,000 per month with a $1,000 security deposit. Property is being offered AS-IS. Owner/Agent makes no representations or warranties regarding the condition, habitability, insurability, lender compliance, or suitability for immediate occupancy. Home is not represented as fully repaired or move-in ready. Any temporary occupancy, short-term lease, lease-option, or early possession arrangement shall remain subject to Owner/Agent written approval, completed disclosures, executed agreements, cleared funds, and required inspections. Prior to any approved occupancy, tenant/occupant shall obtain, at tenant’s expense, written evaluations, inspections, and/or clearance documentation from licensed professionals for systems deemed necessary by Owner/Agent, including but not limited to electrical, HVAC, plumbing, water/sewer or septic, roofing, moisture/water intrusion, and other structural or mechanical concerns. Owner financing may be considered with a minimum 10% option/down payment, 8% interest, 15-year amortization schedule, and 5-year balloon payment, subject to approval and executed agreement. Ideal opportunity for buyers, investors, or future homeowners seeking flexibility while preparing for financing or making improvements. Property may be suitable for USDA, VA, FHA, Conventional, or Cash financing after repairs or updates are completed. Buyer and/or tenant to verify all information deemed important, including schools, square footage, utilities, zoning, financing suitability, and overall property condition. Inspections strongly encouraged. Serious inquiries only. Property Owner & Owner Managing Real Estate Broker #282528 of Polk Property Real Estate Brokerage #264472 615-933-5175
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FeaturesGeneralSewer Septic Tank
Utilities Water Available
Possession Negotiable
Zoning Land
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
View City
Topography Cleared Level
County Lawrence County TN
Property Type Land
Subdivision Name Count
Status Active
Buyer Financing Conventional Seller Financing Owner Lease Purchase
Directions From Saint Joseph take 227 1.5 miles turn right onto Mt. Nebo Rd. Look for Pointer signs !y
High School Loretto High School
City Iron City
Senior Community Y/N N
Lot Size Units Acres
Elementary School Leoma Elementary
Property Attached Y/N N
Tax Annual Amount 825
Middle/Junior High School Leoma Elementary
Standard Status Active
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ExteriorLot Features Cleared Level
Water Source Private
Total Parking 0
Inclusions Land and Buildings
Lot Size Area 2
Building Area Total 0
Lot Size Acres 2
Road Surface Type Paved
Lot Size Source Assessor
Waterfront Y/N N
Road Frontage Type City Street
Cultivated Area 2
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InteriorAir Conditioning Y/N N
Heating Y/N N
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* Excluded FeaturesList ByPolk Property Real EstateBroker
Polksellstn@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $954
- Monthly Property Taxes
- $69
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Iron City, TN
Average List Price $267,900
Percent of Sale Price 73%
About Iron City, TN 439 Population
-6% Since 2002
$ 39,397 Median Income
45.56 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
245613 Elementary School
245613 Middle School
Loretto High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/29/2026 | $155,000 | -0.58% | Price Down |
| 4/20/2026 | $155,899 | 0.00% | Price Down |
| 4/6/2026 | $155,900 | -6.93% | Price Down |
| 3/31/2026 | $167,500 | -1.41% | Price Down |
| 3/29/2026 | $169,900 | | Listed Price |