25 days on rocket

149 Meredith Valley Ln, Elizabethton, TN, 37643

$6,750,000

4 Bedrooms
3 Full Baths
3,280 SqFt
$2,058/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeResidential
ParkingNone
Year Built1918
HeatingCentral, Electric
CoolingCentral Air
FireplaceBrick, Wood Burning
ViewMountain(s)
MLS #1261723
Lot Size134.00 Acres
StatusActive

About 149 Meredith Valley Ln

Meredith Valley Farm - ''Where dreams are made by the water's edge.'' Seldom does a property of this caliber enter the market with the opportunity to own a piece of history so rich in tradition. This just happens to be one of those rare finds! Meredith Valley Farm (''MVF'') is no stranger to anyone living in the beautiful foothills of the southern Appalachian mountains of Northeast Tennessee. MVF is the epitome of a multigenerational family farm with a true heart for community. Originally owned as a working cattle farm dating back to the early 1900s, MVF has blossomed into a versatile commercial and residential property while maintaining the tradition of a working cattle, horse and wildlife farm. For decades MVF has grown and embraced many new personalities and adventures. This majestic, picturesque 134(+/-) acre farm along the prominent Watauga River offers lush rolling pastures, deep green meadows, breathtaking, panoramic mountain top views, a pond, two year-round springs and seven total homes (2 personal residences, the original farmhouse, a log cabin, 3 riverfront cabins and a 17-site campground). Upon arrival at MVF, visitors immediately note the''heart'' of the farm - the ''Farmhouse.'' Built in 1918, the historic Farmhouse offers over 3,200 sq ft, 4BR/3BA and provides a front porch view with spectacular sunrises over the Cherokee National Forest. Next door is the Farmhouse Shed that hosts weddings, receptions, reunions, and other events, and is surrounded with lush gardens with a bird's eye view MVF's classic red barn. Just up the winding private drive is a quaint, log cabin with over 1,000 sq ft, 2BR/1BA, with one of the best front porch pastoral views on the farm. Situated atop MVF's highest point, the ''Top Hill,'' a tiny cabin and campsite presents unsurpassed views of mountain ranges and the city of Elizabethton below. A perfect location to build your dream estate. There are two beautiful private residence homes that each offer their own unique character and charm. The first is a 2,608 sq ft, 3BR/3BA, two-story Victorian home with stunning views and a backyard pool for outdoor enjoyment. The second is a 2,800 sq ft, 3BR/3BA two-story traditional home with wrap-around porch to absorb spectacular long-range mountain and river views. Driving down to the entrance of the farm and along the Watauga River are 3 riverfront cabins, the River Shed, 17 RV sites and an office. Each of the riverfront cabins, uniquely themed, have private decks and fishing piers along the sparkling waters of the Watauga River. Cabin 1 - American Cabin, 570 sq ft, 1BR & loft/1BA; Cabin 2 - Outdoor Cabin, 570 sq ft, 1BR & loft/1 BA; Cabin 3 - Western Cabin, 616 sq ft, 2BR/2BA. The perfect setting to find peace, relaxation and take in all the natural beauty. A fisherman's dream spot as well, located in the Trophy Trout Section of the Watauga River with views protected by Sycamore Shoals State Park. Overmountain Victory National Historic Trail also runs on this side of the river. The River Shed is a magical spot for hosting events and making memories. As an investment property, 5 of the properties (4 cabins and the farmhouse), and the 17 RV sites are consistently rented and provide an excellent income opportunity. The event sheds host weddings, retreats and various gatherings also providing additional income. More detail provided upon request. Located in the historic, quaint town of Elizabethton that offers all of the amenities one might desire, with close proximity to Johnson City, Bristol, Asheville, Boone and many surrounding areas that provide a broader selection. East Tennessee is known for its exceptional beauty and outdoor activities including hiking, biking, boating, fishing,whitewater rafting, canoeing, kayaking, golf, skiing and much more. While only minutes from the city, MVF offers its residents and guests an escape to serenity. Whether the next owner of this timeless piece of history chooses to carry on the tradition of a Multigenerational farm or capitalize on an excellent Investment property, this amazing farm is truly a once in a lifetime opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1918
  • Living Area: 3,280 SqFt

Listing Office:

  • Office Name: Alliance Sotheby's International Realty
  • Office Phone: (865) 357-3232

Interior Features

Interior Information:

  • Appliances: Dryer, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Hardwood
  • Interior: Eat-in Kitchen
  • Fireplace: Brick, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Patio, Porch - Covered, Balcony

Parking Information:

  • Attached Garage: No
  • Parking: None

Virtual/3D Tour

  • Virtual Tour: 149 Meredith Valley Ln

Virtual Tour

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 134.00 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Happy Valley High School, Public District Grades 9-12
  • Hampton High School, Public District Grades 9-12
  • Unaka High School, Public District Grades 9-12
  • Happy Valley Middle School, Public District Grades 5-8
  • Keenburg Elementary School, Public District Grades PK-8
  • Central Elementary School, Public District Grades PK-8
  • Happy Valley Elementary School, Public District Grades KG-4
  • Valley Forge Elementary School, Public District Grades PK-5
  • Cloudland Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: I-26E to Exit 24 toward Elizabethton. Merge onto US-321N/TN 67E. Left on Broad Street. Left on Lynn Avenue. Left on TN-400 toward Watauga. Left on Swimming Pool Road. Continue on Sycamore Shoals Drive. Right onto Meredith Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,750,000
  • Price Per SqFt: $2,058/SqFt

Tax Information:

  • Annual Amount: $2,243
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Elizabethton, TN.

Med. Sold Price

$225.9K

Med. Price/SqFt

$155

Avg. Days On Market

78

# of Sold Homes

32

149 Meredith Valley Ln vs Elizabethton

25 DAYS ON ROCKET

-53 Days

$6,750,000

+$6.5M More

$2,058/SqFt

+$1.9K More

KEY TAKEAWAY

This property is $6.5M more than the Median Sold Price and $1.9K/SqFt more than other homes in Elizabethton, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1261723

Listing Office:

  • Office Name: Alliance Sotheby's International Realty
  • Office Phone: (865) 357-3232

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 8:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,243$103,825
2019$2,243$90,825
2018$2,243$90,825
2017$2,257$92,125

History based on county public records data.

Payment Calculator

$33.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$20.3K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3962724
8
/10
  • Happy Valley Elementary School

  • 1840 Milligan Hwy

  • 2.66 miles

  • Public District Grades KG-4

school-card-donut-3962725
8
/10
  • Valley Forge Elementary School

  • 1485 Riverview Dr

  • 4.57 miles

  • Public District Grades PK-5

school-card-donut-3962726
6
/10
  • Cloudland Elementary School

  • 8540 Highway 19 E

  • 15.40 miles

  • Public District Grades KG-6

Middle School

school-card-donut-3962727
6
/10
  • Happy Valley Middle School

  • 163 Warpath Ln

  • 2.67 miles

  • Public District Grades 5-8

school-card-donut-3962728
6
/10
  • Keenburg Elementary School

  • 139 Keenburg Rd

  • 2.99 miles

  • Public District Grades PK-8

school-card-donut-3962729
4
/10
  • Central Elementary School

  • 252 Taylor Ave

  • 4.54 miles

  • Public District Grades PK-8

High School

school-card-donut-3962730
4
/10
  • Happy Valley High School

  • 121 Warpath Ln

  • 2.52 miles

  • Public District Grades 9-12

school-card-donut-3962731
4
/10
  • Hampton High School

  • 766 First Ave

  • 6.90 miles

  • Public District Grades 9-12

school-card-donut-3962732
4
/10
  • Unaka High School

  • 119 Robinson Ln

  • 6.90 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,420. The majority of Elizabethton, TN residents have income less than $35k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 149 Meredith Valley Ln

What is the listing price of this property?

The listing price of 149 Meredith Valley Ln property is $6,750,000.

What type of property is this?

The property 149 Meredith Valley Ln is a house located in Elizabethton, Tennessee, 37643.

Is this property for sale now?

Active Listing: 149 Meredith Valley Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 149 Meredith Valley Ln are:
Happy Valley Elementary School: GreatSchools Rating 8/10
Valley Forge Elementary School: GreatSchools Rating 8/10
Cloudland Elementary School: GreatSchools Rating 6/10
Happy Valley Middle School: GreatSchools Rating 6/10
Keenburg Elementary School: GreatSchools Rating 6/10
Central Elementary School: GreatSchools Rating 4/10
Happy Valley High School: GreatSchools Rating 4/10
Hampton High School: GreatSchools Rating 4/10
Unaka High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,243 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 149 Meredith Valley Ln has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 149 Meredith Valley Ln is 3,280 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 149 Meredith Valley Ln is 1918.
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Rocket HomesTennesseeCarter CountyElizabethton37643149 Meredith Valley Ln

This home is located at 149 Meredith Valley Ln in Elizabethton, TN and zip code 37643. This 3,280 square foot home, which was built in 1918, sits on a 134.00 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $6,750,000.

Elizabethton, TN housing market in April 2024 saw over 7 listings sold above listed price, more than 9 sold at listed price and over 16 sold below. The inventory of homes for sale in Elizabethton, TN between March 2024 and April 2024 increased by 9.3%. The median list price of listings available in April 2024 was $225,937, while the average time on the real estate market was 78 days.

From Rocket Homes Real Estate and based on county public records data.

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