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5128 New Highway 68, Madisonville, 37354
Priced At: $945,000
Property Details for ID: 1310857
SqFt: 6,612
Price SqFt: $143
Total Bedrooms: 3
Full Baths: 4 / Half Baths: 1
MLS Status: Active
Property Type: Residential
On Market Date: 2025-08-04T15:48:43Z
Subdivision: Michaels Mtn View
Public Remarks: This 6,612 square foot home is priced well below its recent appraisal and offers exceptional value. Set on 1.6 acres, the property has been thoughtfully remodeled and features four spacious bedrooms, multiple living and dining areas, two full kitchens, and two laundry rooms. The main level includes engineered hardwood flooring, bright, open kitchen with custom cabinetry and a large eat-in island, plus a breakfast nook and formal dining room. The main suite features a spa-style bathroom with tile flooring and a large walk-in closet. Additional highlights include a home theater, office, gym, recreation room, oversized deck, and a two-car garage. Designed for comfort and versatility, this home is perfect for large families, multigenerational living, or entertaining on a grand scale. The fully finished walkout basement offers complete separate living quarters with its own private exterior entrance. It includes a full kitchen, laundry room, bathroom, living area, and bedroom—ideal for in-laws, guests, or potential rental income. This self-contained space provides flexibility and privacy rarely found in homes of this size. Located just five minutes from a 9-hole golf course and Kefauver Park, ten minutes from the Monroe County Airport, and just minutes from the Tellico River, Vonore Lake, the Ocoee River, Cherokee National Forest, and I-75. McGhee-Tyson Airport in Knoxville is just 50 minutes away. This property combines space, function, and convenience at a price well below market value—an opportunity you don't want to miss.
Schools Information
Elementary School: Madisonville PrimaryMiddle / Junior School: Madisonville Middle
High School: Sequoyah
Building Description
Site Built: Yes
Year Built: 2000
Total Rooms: 7
SqFt (Total): 6,612
SqFt (Main Lvl): 3,501
SqFt (Down Lvl): 3,111
Full Baths: 4
1/2 Baths: 1
Fireplace: Yes
Bonus Room: No
Extra Storage: Yes
Basement: Yes
Basement Type: Finished, Walkout
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: No
Heating & Cooling
Total Fireplaces: 1
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
From intersection of US 411 and Hwy 68 in Madisonville, travel W on Hwy 68 towards Tellico Plains for 1.1 miles and the home will be on the right hand side. SOP
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Mortgage Calculator
This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!