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Thank you for choosing Daniel Parker! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find your dream home. On the lake, around town or out on a farm. Remember, BJ is here to help!
500 B Armstrong Lane, Monterey, 38574
Priced At: $1,920,000
Property Details for ID: 1317767
SqFt: 1,500
Price SqFt: $1,280
Total Bedrooms: 3
Full Baths: 2 / Half Baths: 0
MLS Status: Active
Property Type: Residential
On Market Date: 2025-10-07T01:40:13Z
Public Remarks: This picturesque farm is surrounded by natural beauty. This home offers everything including privacy, stunning bluff views and almost one mile of water frontage on the East Fork of the Obey River. The farm currently has approximately 60 acres of pasture and could easily be expanded to more, with two ponds for cattle and wildlife. This is an excellent hunting property and a great investment opportunity with multiple building sites. There are two homes on the property. One is a small 1 bedroom, 1 bath, 16 x 30 cabin perfect for hunting, guests, or a weekend getaway. The larger home is a beautiful, rustic barndominium style 1500 square foot home. It has an attached carport and multiple storage areas with a nearby barn and corral for livestock. There is also plenty of space to build another home. This incredible farm also boasts wooded river areas with giant hemlocks and mountain laurel leading you down to the beautiful East Fork of the Obey River, which eventually empties into and starts at the head of Dale Hollow Lake. The local Muddy Pond Mennonite community is a unique area as well with its sorghum mill, general store, greenhouse, and much more. Monterey is a short drive for daily needs, and Cookeville is about 30 minutes with a regional hospital, Tennessee Tech University, and much more shopping. Nashville (to the West) and Knoxville (to the East) are approximately an hour and a half away.
Schools Information
Elementary School: WilsonMiddle / Junior School: Livingston
High School: Livingston Academy
Building Description
Site Built: Yes
Year Built: 2014
Total Rooms: 12
SqFt (Total): 1,500
SqFt (Main Lvl): 960
SqFt (2nd Flr Lvl): 900
Full Baths: 2
1/2 Baths: 0
Fireplace: No
Bonus Room: No
Basement: No
Basement Type: None
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: No
Heating & Cooling
Total Fireplaces: 0
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
Directions
From Cookeville, take I-40 to exit 300, turn left go to the second red light, turn right onto Commercial Avenue, turn left at the next red light by Family Dollar onto Hwy 164, drive approximately 7 miles, turn right onto Union B Road, at the 4-way stop, turn left onto Muddy Pond Road, go about 3 miles, turn left onto Armstrong Lane.
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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!