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Is $114,900 for 17.67 Acres in Rogersville, TN a Steal or a Setup? (Deep Investment Analysis)

Finding large unimproved tracts under $10,000 per acre in East Tennessee has become increasingly difficult as migration into the state continues to surge. When a property listing offering 17.67 rolling acres listed at $114,900—recently reduced by $5,000—hits the market in Hawkins County, it naturally sparks curiosity among homesteaders, land investors, and outdoor enthusiasts.

Located at 150 McMakin Rd, Rogersville, TN 37857, this tract comes with a catch: previous occupants left debris, the primary structure is a basic camp cabin rather than a finished home, and utility infrastructure must be installed by the buyer. However, the sellers are offering a $4,000 closing credit for property cleanup alongside unrestricted rural land potential.

Is this property a massive opportunity to secure sub-$7,000-per-acre land in a desirable Tennessee location, or do the development logistics outweigh the discounted asking price? This comprehensive financial and structural analysis breaks down every detail of 150 McMakin Road to help you make an informed decision.

1. Property Overview & Key Listing Specifications

Before conducting a deep financial analysis, here is the baseline data extracted from public records and MLS disclosures:

Specification FeatureProperty DetailsAnalysis & Context
Current Listing Price$114,900 (Price cut $5,000 on 8/24)Highly competitive price point for 17+ acres
Price Per Acre~$6,502 / AcreWell below Hawkins County market averages
Seller Concession$4,000 Closing Credit offeredOffsets initial site cleanup & debris removal
Total Lot Size17.67 AcresWooded, rolling, and sloped terrain
Existing StructureCamp Cabin / Storage (0 Bed / 0 Bath)Unfinished, no plumbing, conversion candidate
Zoning RestrictionsNone Listed (Unrestricted Rural)Permits homesteading, RVs, mini-farms, animals
Water / Sewer AccessNone currently installedRequires private well drilling & septic tank system
Road Frontage AccessDirt & Paved Road AccessAccessible via McMakin Road in Hawkins County

2. Financial Valuation & Comparative Market Analysis (CMA)

To evaluate whether $114,900 represents genuine market value, we must calculate the underlying land valuation against regional averages in East Tennessee.

Financial Breakdown

  • List Price: $114,900
  • Seller Credit: -$4,000
  • Effective Purchase Price: $110,900
  • Effective Land Cost: $6,276 per acre across 17.67 Acres
  • Hawkins County Market Average: ~$13,000 – $15,000 per acre

A. Raw Land Discount Breakdown

At an effective purchase price of $6,276 per acre (after applying the $4,000 closing credit):

  • Hawkins County Average: Raw land parcels in Rogersville typically sell for between $12,000 and $15,000 per acre for smaller acreage tracts.
  • Acquisition Savings: Buying at ~$6,276/acre provides immediate equity upside, giving the buyer room in their budget to finance site development, well drilling, and septic installation.

B. Regional Acreage Valuation Matrix

Location / RegionAvg. Cost Per Acre17.67 Acre Benchmark ValuePrice Comparison
150 McMakin Rd (Rogersville)~$6,502 / acre$114,900 (Actual List Price)Deep Discount Tier
Rogersville Rural Average$13,168 / acre~$232,00050% below local average
Knox County / Knoxville Area$40,000+ / acre~$700,000+Suburban premium pricing
Western Virginia Border Area$8,500 / acre~$150,000Comparable rural market

Key Financial Takeaway: The seller pricing accounts for the work required on-site. By discounting the raw land price below market averages, a buyer can offset upfront site preparation expenses.

3. Structural & Site Condition Analysis

The Existing Structure: Camp Cabin vs. Tiny Home Potential

The listing explicitly discloses that the building on site is not a residential home. It is a primitive camp cabin or storage building without plumbing.

  • Option A: Temporary Shelter & Storage
    • Use for tool storage
    • Weekend camping base
    • Storage during main build
  • Option B: Tiny Home Conversion
    • Frame out interior walls
    • Add spray foam insulation
    • Connect water line & septic tank

Debris Clean-Up Strategy ($4,000 Seller Credit)

The listing notes that debris and personal items remain from previous occupants. The $4,000 closing credit provides immediate liquidity to handle this issue:

  • DIY Approach: Renting a 40-yard roll-off dumpster (~$600 – $900) and clearing the site yourself allows you to retain the remaining credit funds for land development.
  • Hired Clean-up: Hiring a local tractor/skid-steer operator in Hawkins County to haul away debris typically runs between $2,000 and $3,500, fully covered by the seller credit.

4. Topography & Land Utility Breakdown

Land in East Tennessee is characterized by rolling hills, ridgelines, and valleys. Understanding how to utilize the 17.67 acres is essential for long-term planning.

Terrain TypeApproximate Land ShareBest Potential Utility
Gentle / Rolling Slope25% (~4.5 Acres)Prime building pad site, garden plots, livestock pasture
Wooded Ridgeline50% (~8.8 Acres)Privacy buffer, ATV/UTV trails, wildlife habitat
Steep Slope / Elevation25% (~4.3 Acres)Mountain view lookout, timber retention, watershed protection

Development Requirements

  1. Water: A private well must be drilled. Drilling depths in Hawkins County typically range from 150 to 350 feet.
  2. Waste Management: A soil percolation test (perc test) is required to select the optimal location for a conventional septic system.
  3. Power Access: Grid power availability should be verified with the local utility provider along McMakin Road.

5. Potential Use Cases & Investment Opportunities

Use Case CategoryKey Features & Highlights
Homesteading• Mini-farm potential
• Goats & fowl allowed
• Ideal for Solar + Well setup
Recreational• Hunting lease potential
• ATV / UTV riding trails
• Weekend camping cabin base
Off-Grid / Tiny Living• Low utility overhead
• Unrestricted land use
• Quiet countryside space

1. Private Country Homestead

With no restrictive HOA or zoning limitations listed, this parcel is suitable for homesteaders. You have the freedom to clear garden plots, raise chickens or livestock, and build a custom primary residence set back from the road.

2. Off-Grid Recreational Escape

If your goal is an affordable weekend getaway, the acreage provides private woods for hunting (whitetail deer, turkey) and off-road trail riding. The camp cabin can serve as a base camp while keeping development costs minimal.

3. Long-Term Land Banking

Tennessee remains one of the fastest-growing states due to zero state income tax and affordable rural living. Buying 17.67 acres at sub-$7,000 per acre allows investors to hold physical land with low annual carrying costs (low county property taxes) as regional land values appreciate.

6. Comprehensive Pros vs. Cons Analysis

Key Advantages

  • Attractively Priced: At $114,900 for 17.67 acres, the cost per acre is lower than most surrounding East Tennessee listings.
  • $4,000 Closing Credit: Seller credit offsets cleanup expenses directly at purchase.
  • Unrestricted Freedom: No HOA rules or municipal zoning restrictions dictating build styles or animal keeping.
  • Existing Structure: The camp cabin offers immediate covered storage during property development.
  • Location Balance: Secluded natural environment within a short drive to historic downtown Rogersville amenities.

Critical Disadvantages

  • Site Cleanup Required: Requires effort to remove leftover items from previous occupants.
  • No Existing Utilities: Budget must accommodate well drilling and septic tank installation.
  • Structure Is Unfinished: The cabin is not move-in ready and requires work to become living space.
  • Sloped Terrain: Portions of the 17.67 acres feature steeper slopes that restrict building placement.

7. Final Verdict: Is 150 McMakin Rd Right for You?

Ideal Buyer Profile

  • The Hands-On Buyer: Anyone willing to manage site cleanup using the $4,000 credit to unlock significant land equity.
  • The Custom Home Builder: Buyers wanting space to build a custom residence surrounded by woods and mountain scenery.
  • The Recreational Investor: Outdoorsmen looking for private East Tennessee acreage for hunting, camping, or ATV recreation at an accessible price point.

Who Should Pass

  • Turn-Key Buyers: Those expecting a move-in ready house with working plumbing and finished bedrooms immediately upon closing.
  • Suburban Buyers: Buyers who prefer paved subdivision streets, strict HOA covenants, and municipal sewer/water hookups.

Conclusion

150 McMakin Rd, Rogersville, TN offers a substantial 17.67-acre tract of East Tennessee countryside at a fraction of standard per-acre prices. For buyers prepared to oversee basic property cleanup and utility installation, this listing represents a compelling balance of privacy, affordability, and upside potential.

Listed on Zillow

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