Residential Land for Sale in Iron City, Tennessee
538 Mount Nebo Rd, Iron City, TN 38463
Opportunity to lease with an option to purchase this property located near the Tennessee/Alabama state line. Property includes approximately 2 acres, a circular driveway, additional utility connection in the backyard, and partially fenced acreage suitable for those wanting extra outdoor space.
Lease-Option Terms:
Minimum 10% option fee required.
Option fee and final purchase terms are subject to a written lease-option agreement.
Prospective purchaser must obtain their own independent real estate representation.
Property is offered AS-IS, WHERE-IS.
Seller will not make repairs.
Prospective purchaser is responsible for inspections, due diligence, financing, and determining whether the property meets their intended use.
Property needs handyman/repair work and may not currently qualify for traditional financing without repairs.
USDA / Rehabilitation Financing
The property may potentially qualify for a USDA rehabilitation, repair, or other eligible rural housing financing program, depending upon the property, proposed repairs, borrower eligibility, program requirements, and available funding.
No USDA eligibility or financing is guaranteed. Interested parties should contact USDA Rural Development or a USDA-approved/participating lender directly to determine borrower eligibility, property eligibility, required repairs, and available loan or rehabilitation options before entering into an agreement.
Potential buyers should not rely upon the Seller or brokerage as a source of lending or USDA eligibility advice.
Property Condition
Property is being offered in its present condition. Known or observed items may include electrical work, porch repairs, gutter/water-management concerns, signs of prior water intrusion, and other deferred maintenance. Buyer/optionee should perform all desired inspections and independently verify the condition of the property.
Seller will not complete lender-required or buyer-requested repairs.
Equal Housing Opportunity. All information is b
- Listed by Shavonda Polk, (615) 933-5157, Polk Property Real Estate
Location
- Street address
- 538 Mount Nebo Rd
- County
- Lawrence County
- Zip code
- 38463
- Community
- Near /TN Alabama Line
- Elevation
- 813 feet
Directions
From Saint Joseph take 227 1.5 miles, turn right onto Mt. Nebo Rd. Look for Pointer signs !y
Property details
- Acreage
- 2 acres
- Zoning
- Residental
- Access
- Public road
- MLS #
- REALTRACS 3164464
- Posted
Property taxes
- Recent
- $825
Parcels
- 156 06202 000
Details and features
Listing
- Type
- Land
- Current Use
- Residential
- Financing
- Conventional, Owner Lease Purchase, Seller Financing
- Inclusions
- Land and Buildings
- Possession
- Negotiable
Lot
- Size Source
- Assessor
- Terrain
- Cleared, Level
- Cultivated
- 2 acres
- Road Frontage
- City Street
- Road Surface
- Paved
- View
- City
- Features
- Cleared, Level
Structure
- Water
- Private
- Sewer
- Septic Tank
Interior
- Security
- Carbon Monoxide Detector(s), Smoke Detector(s)
Property utilities
| Category | Type | Status |
|---|---|---|
| Water | Public | Available |
| Sewage | Septic System | Available |
Nearby schools
| Name | Type |
|---|---|
| Leoma Elementary | Elementary |
| Leoma Elementary | Middle |
| Loretto High School | High |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 12, 2026 | Relisted | $147,000 | — | REALTRACS |
| Aug 1, 2026 | Listing removed | $147,000 | — | Listing agent |
| July 24, 2026 | Price drop | $147,000 | $3,000 -2% | REALTRACS |
| June 24, 2026 | Price increase | $150,000 | $2,100 1.4% | REALTRACS |
| June 20, 2026 | Price drop | $147,900 | $3,100 -2.1% | REALTRACS |
| June 19, 2026 | Price drop | $151,000 | $1,000 -0.7% | REALTRACS |
| May 24, 2026 | Price drop | $152,000 | $3,000 -1.9% | REALTRACS |
| May 16, 2026 | Relisted | $155,000 | — | REALTRACS |
| May 1, 2026 | Listing removed | $155,000 | — | Listing agent |
| Apr 29, 2026 | Price drop | $155,000 | $899 -0.6% | REALTRACS |
| Apr 20, 2026 | Price drop | $155,899 | $1 0% | REALTRACS |
| Apr 12, 2026 | Price drop | $155,900 | $11,600 -6.9% | REALTRACS |
| Mar 31, 2026 | Price drop | $167,500 | $2,400 -1.4% | REALTRACS |
| Mar 29, 2026 | New listing | $169,900 | — | REALTRACS |
Payment calculator
Based on information submitted to the MLS GRID as of Aug 20, 2026 3:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more