$144,000 for 2 Wooded Acres With a 30-Foot Family Room and Gas Fireplace Outside Jackson, Tennessee — Down $50,000 From Its Original Ask
Two wooded acres, a 30-by-16-foot family room with a gas log fireplace, vaulted and high ceilings throughout, a brand new HVAC system installed in 2024, a metal roof, public water, and a Rent Zestimate of $1,762 a month — all for $144,000 outside Jackson in Madison County, Tennessee. This property listed at $194,000, dropped to $164,000, and most recently to $144,000. That’s $50,000 off the original ask in 52 days, with 9,933 Zillow views and 790 saves confirming there is serious market interest. The seller is motivated. The opportunity is real.
The Land
Two acres in Madison County, outside Jackson on Deep Gap Road — a rolling, wooded lot that gives the property a settled, rural character while remaining within easy reach of a mid-sized city with full services. The lot dimensions run approximately 150 by 315 feet, providing a proportional depth that feels more private than a standard suburban lot. Septic on site, public water connected, propane available for supplemental use.
The Home
A Family Room Built Around the Fireplace
The 1,682-square-foot single-level home is built around one standout feature: a 30-by-16-foot family room — 480 square feet of open, vaulted-ceiling living space centered on a gas log fireplace. That is a room that functions as the actual center of daily life, with enough scale to host gatherings, accommodate furniture the way you want it arranged, and still feel open rather than crowded. Vaulted ceilings extend the visual height of the space, and high ceilings run through the rest of the home, giving the entire layout an open, airy quality that smaller-footprint homes at this price point rarely achieve.
The open floor plan connects the family room, the dining area, and the kitchen in a continuous flow that works well for entertaining and for everyday living. The kitchen measures 15 by 11 feet with laminate counters, an electric cooktop, a built-in oven, and a microwave included. The dining area opens directly off the kitchen at 13 by 8 feet. Main-level laundry with electric dryer hookup and washer hookup rounds out the practical day-to-day infrastructure.
Bedrooms and Bathrooms
Three bedrooms are arranged on the main level, all on a single floor for convenience. The primary bedroom measures 14 by 12 feet — well-proportioned for a room at this price point. The second bedroom runs 13 by 12 feet, and the third is 11 by 10 feet. Two full bathrooms are both on the main level, with a tub and shower combo in place.
The Mechanicals — Already Addressed
The HVAC system was replaced in 2024, which is the single most important mechanical update on any home of this era. That is a $6,000 to $12,000 item already done. The metal roof eliminates the other major maintenance concern. The home needs renovations, and the listing is straightforward about that — the price reflects it, and the three-step reduction from $194,000 to $144,000 confirms the seller understands where the market is.
The Investment Angle
The Rent Zestimate of $1,762 per month on a $144,000 purchase represents a gross annual yield approaching 15% — a number that explains why 790 buyers have saved this listing. For an investor who renovates and holds, the two-acre wooded lot outside Jackson positions the property in the segment of the Madison County rental market that draws longer-term tenants looking for space and quiet, not urban density.
The Area
Jackson is the largest city in west Tennessee outside the Memphis metro, a regional hub of around 70,000 residents with a hospital system, a university, major retail, and a functioning downtown. The Deep Gap Road address sits outside the city limits in the quieter Madison County countryside while remaining within easy commuting distance of everything Jackson offers. Annual taxes of $675 keep the cost of ownership exceptionally low.
The Bottom Line
Two wooded acres, a 1,682-square-foot open-plan home with a 30-foot family room, gas log fireplace, vaulted ceilings, brand new 2024 HVAC, metal roof, and public water — at $144,000 outside Jackson, Tennessee. Down $50,000 from the original ask, with 9,933 views and 790 saves telling you exactly how the market feels about this one. The renovations are real and the price reflects them. For a buyer with a plan, the numbers work.
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