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    Hipps Rd Elizabethton, TN 37643

    New
    For Sale
    $950,000

    LAND - Elizabethton, TN

    Lot size:
    40.00 Acres
    Days on Market:
    7
    Last Refresh:
    Dec 7 at 11:06 pm

    Property Features for Hipps Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Agricultural
    APN
    043 047.00
    Lot size
    40.00 Acres

    Utilities

    Sewer type
    Septic Tank

    Lantern Realty & Development (980) 333-8085

    Listing agent Tonya Houghton (423) 213-6961 License #362436

    Listing date Dec 1, 2025

    MLS# 9976123 Listing URL

    Copyright © 2025 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    40-Acre Farmhouse Near Watauga Lake

    This 40.55-acre parcel is located minutes from Watauga Lake and Watauga River in East Tennessee. The property includes a 1930's farmhouse in as-is condition and two barns. The property is zoned for agricultural use in Carter County. It is located in the outdoor tourism hub of East Tennessee, minutes from the VA & NC state lines, major medical care, colleges, shopping, and attractions. The property offers multiple possible build spots and some existing utilities are located at the old farmhouse. A survey is on file. This property is located in the rural landscape of Elizabethton, TN.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.136775
    Latitude
    36.342103

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    FAQs

    What type of property is this?
    Farm - 40.55 acres with farmhouse near Watauga Lake and River.
    Where is this farm located?
    The property is located at Hipps Rd Elizabethton, TN.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - 40.55 Acres of land near Watauga Lake & Watauga River.; - Multiple possible build spots.; - Zoning Agriculture (Carter County).
    (423) 213-6961
    Request Owner's contact information
    Hipps Rd Elizabethton, TN 37643
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    Elizabethton, TN 37643
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hipps Rd Elizabethton, TN 37643
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