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$1,250,000

Parcel 16 Mill Springs Rd, New Market, TN 37820
New Market, TN 37820
Listed by Tammy Franklin · Franklin Realty
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

73 acres of fields and forest offering the freedom to build exactly where you choose--tucked deep into the privacy of the woods or conveniently along the road frontage. The land features a beautiful mix of level, gently rolling, and moderately sloping terrain with multiple potential building sites throughout. Enjoy being less than 5 minutes from Cherokee Lake recreation areas, including the boat launch, picnic area, landing, and dam. Douglas Lake is only 12 miles east, giving you even more opportunities for boating, fishing, and outdoor fun. Power, public water, and fiber internet are available at the road; septic will be required at the time of building. Interstate 40 is approximately 10-12 miles away via Hwy 92, with shopping, dining, and medical facilities just 15 minutes from the property. Perfectly positioned near seven East Tennessee counties, you'll have easy access to hiking, biking, entertainment, theatre, sports, dining, and endless outdoor recreation. The Great Smoky Mountains are close enough for day trips while still allowing you to enjoy the peaceful lifestyle East Tennessee is known for. Come build your Tennessee dream. Multiple zoning applications may apply; buyers are encouraged to inquire.

Property details

MLS
East Tennessee REALTORS® MLS
MLS #
1342682
Property type
Land
Subdivision
N/A
Status
Active
Days on market
84
On market date
May 29, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
73 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Jefferson Elementary
2.43 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
437
Student:teacher ratio
16.2:1
District
Jefferson County
Middle
Jefferson Middle School
2.4 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
588
Student:teacher ratio
15.9:1
District
Jefferson County
High
Jefferson County Adult High School
7.04 mi away · Grades 11-12
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
Enrollment
0
District
Jefferson County

Walkability

Blended score for New Market's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

20
Car-dependent
out of 100
EPA National Walkability Index
6.0 / 20 -- Below average walkable
Google Places amenity density
5 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools1
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in New Market, from live MLS data.

On the market 84 days -- 21 more days than New Market's current average of 63 days.
For reference, the median list price across 41 active listings in New Market right now is $479,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$7,678/mo
$250,000 down
$1,000,000 loan
Principal & interest$6,486
Property tax (est.)$1,042
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated August 10, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.