531 N Tellico St
Madisonville, TN 37354 · Monroe County
$399,900
$15,100 price cut · Aug 27
- Beds
- 5
- Baths
- 2.5
- Sq ft
- 2,731
- Acres
- 0.62
- Built
- 1948
Listing courtesy of Edmonds Realty Group, LLC · MLS #1350971
Description
Completely renovated 5-bedroom, 2.5 bath Cape Cod-style home conveniently located in the heart of downtown Madisonville. This spacious home offers modern updates throughout while maintaining its classic character.
The property also includes a detached mother-in-law suite that is currently tenant occupied, providing an established source of rental income with the opportunity to help offset mortgage costs. The detached suite also offers flexibility for future use as a guest accommodations, a home office, or multi-generational living.
Situated on a convenient in-town lot with easy access to shopping, dining, schools, and local amenities, this move in ready property combines modern updates with added income potential. Schedule your private showing today!
Details
Home
- Type
- Residential · Single Family Residence
- Style
- 2 Story
- Year built
- 1948
- Living area
- 2,731 sq ft
- Bedrooms
- 5
- Bathrooms
- 2 full, 1 half
- Parking
- Off Street, Assigned
Interior
- Rooms
- Breakfast Room, Laundry/Utility, Family Room, Mstr Bdrm Main Level, Office
- Flooring
- Hardwood, Luxury Vinyl Plank
- Appliances
- Dishwasher, Disposal, Microwave, Range
- Features
- Pantry
- Also
- Washer/Dryer Connect, Pantry, Walk-in Shower, Internet Available
Exterior
- Construction
- Frame, Stone
- Architecture
- Traditional, Cape Cod
- Porch & patio
- Patio
- Fencing
- Other Fencing
- Other structures
- Storage
Land
- Lot size
- 0.62 acres
- Views
- Wooded
- Deed restrictions
- None
Utilities
- Water
- Public
- Sewer
- Public sewer
- Heating
- Heat Pump, Electric
Listing
- MLS #
- 1350971
- Status
- Pending
- On market
- 82 days
- Listed
- Aug 7, 2026
Finances
- Property tax
- City + county
- Inside city limits
- HOA
- None
- No association dues
- Price per sq ft
- $146
- 2,731 sq ft
Price history
- Aug 27, 2026
- Price cut
- $399,900 −$15,100
- Before
- Listed
- $415,000
Accepted
- Cash
- VA Loan
- Other
- Conventional
- FHA
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Location
- County
- Monroe
- ZIP
- 37354
Drive times
- Tellico Lake 15 min
- Athens 30 min
- Lenoir City 45 min
- Maryville 45 min
- Cleveland 60 min
- McGhee Tyson Airport 60 min
- Pellissippi State 60 min
- Turkey Creek 60 min
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Listing courtesy of Edmonds Realty Group, LLC. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1350971.
