Chimney Rock Farm

Property Map

Chimney Rock Farm

$3,900,000
Jamestown, Tennessee

The 1,000± acre Chimney Rock Farm is located on the Tennessee/Kentucky border 100 miles northwest of Knoxville and is named for the monolithic rock outcropping that rises far above the tree line on a ridge at the edge of the property. Improvements include an 8,354± square foot owner’s residence which is a period reproduction, circa 1835, plantation house, as well as a guest house and historic log cabin, thought to be the oldest continually lived in log cabin in the state of Kentucky and ancestral home to President Harry Truman. Mark Twain’s parents often stayed in the cabin. Roughly 125-150 acres make up 12 pastures of mostly level bottomland and an old historic family cemetery. A creek meanders through with additional water flow from year-round springs and a large pond over 2 acres is situated directly in front of the main home. This property features the best of the mountainous hardwood forests of the east in a very unique area. The surrounding area includes a number of recreational amenities including Pickett State Park, Dale Hollow Lake in Tennessee, Lake Cumberland in Kentucky, as well as the Big South Fork River and Daniel Boone National Forest.

Location: 

Chimney Rock Farm is located on the Tennessee/Kentucky border in the easternmost section of middle Tennessee, approximately 100 miles northwest of Knoxville. Jamestown, Tennessee lies about 20 miles to the south of the property, and Monticello, Kentucky is situated approximately 20 miles to the north. 

Locale: 

Chimney Rock Farm lies in a picturesque, private, hidden valley encircled by wooded rolling hills. It is accessed off Highway KY #167 either via Lizzie Sharp, a narrow county road that is well maintained, or a Tennessee Forest Service maintained road. The property is gated and is not visible from the county road.

Chimney Rock Farm has a common property line with the Pickett State Forest. The Pickett joins the Big South Fork National River & Recreation Area and the Daniel Boone National Forest, all of which encompasses nearly 900,000± acres of contiguous public lands on the Cumberland Plateau in both states. This national recreation area boasts miles of scenic gorges and sandstone bluffs, and protects the free-flowing Big South Fork of the Cumberland River and its tributaries. It is rich with natural and historic features and has been developed to provide visitors with a wide range of outdoor recreational activities including hunting and fishing, to horseback riding, camping, boating, rafting, canoeing, hiking, and biking.

In the area, the Pickett State Park offers uncommon rock formations, natural bridges, numerous caves and remains of ancient Indian occupation. Dale Hollow Lake features an unspoiled and peaceful shoreline with good fishing opportunities for bass, trout, and walleye. Lake Cumberland, the largest lake by volume in the USA east of the Mississippi River and 1,200 miles of shoreline, also offers record fishing, boating, hiking, and wildlife including bald eagles, bears and elk.


The small towns of Jamestown in Tennessee and Monticello in Kentucky provide basic services such as banking, groceries, and clinics/hospitals. Private aircraft can fly into either community at their respective smaller airfields. Knoxville, TN, and Bowling Green, KY are the closest airports for commercial flights. Private aircraft can land within 25 minutes of the Farm at Scott Municipal Airport in Oneida, Tennessee (1,545 elevation above sea level with a runway length of over 5,500 feet).

General Description: 

Chimney Rock Farm consists of approximately 1,000± acres, half of which are situated in Pickett County, Tennessee, and the other half in Wayne County, Kentucky. Roughly 125-150 acres make up 12 pastures of mostly level bottomland, with the exception of one hilly pasture that contains an old historic family cemetery. A delightful creek meanders through these pastures (partially underground) with additional water flow from springs that flow year round. The current owners have not raised livestock or crops, preferring to maintain the property in a pristine “park-like” manner for their personal enjoyment.

Acreage: 

1,000±

Improvements: 

Owner’s Residence:
Built in 2004, this 8,354± square foot, three-bedroom home is a plantation house reproduction as mentioned above. A 12’ x 72’ covered porch runs the full length of the front of the home, with an 11-foot high ceiling and five ceiling fans. Seven square recessed columns reinforce the old vintage plantation feeling. The exterior siding is Hardy board, the roof is metal, and the foundation is stone, all of which are low-maintenance, fire retardant and carry long life guarantees.

The home is entered thru an attractive French door with sidelights and fan-shaped transom above. The foyer becomes a central hall that runs the depth of the house, eventually leading to the backyard through a second French door. A 17’ x 25’ great room features custom cabinetry with a built-in entertainment center, and windows overlooking the front porch and pond beyond. The great room opens off the central entry hall on one wall and the kitchen/breakfast room on another. The country kitchen is 17’ x 37’ and also features all new Frigidaire “Gallery” stainless steel appliances, custom cabinetry with exquisite hardware, and a granite countertop on the large center island/breakfast bar (4’ x 11’). A screened porch lies just off the breakfast room and is also accessible from the front porch. The attractive and comfortable master suite, measuring 34’ x 25’, includes a large sitting area, a large master bath with double vanities, and separate tub and shower areas.

The landing at the top of the stairs leading to the second floor is a welcoming sitting area with lots of natural light from windows overlooking the backyard. Three bedroom suites on the second floor offer large closets, window seats, and full bathrooms.

A finished basement includes a large carpeted recreation room, a half bath, a large laundry/craft room, and abundant storage area.

With the exception of the basement, all of the floors are hardwood and the ceilings are 10 feet with recessed lighting. Chandeliers accent the hallways and landing off the custom designed stairway. The copious use of windows allows for plenty of natural light and offers numerous vantage points for the beautiful scenery and wildlife that wander through the property. This quality home is tastefully appointed with attention to detail. Three geothermal heat pump systems produce air-conditioning and heating. The home has a back-up 25 kW generator. This system, coupled with the extra insulation, reduces utility bills to incredibly low levels.

The current owners have maintained a sizeable vegetable garden and orchard for their own use and enjoyment.

Guest House:
This 1,375± square foot, two-story residence is approximately 15 years old and was renovated 10 years ago. It includes three bedrooms and one bathroom, a covered full front porch and a full rear patio/deck. It has baseboard electric heat and air conditioning.

A new two-car garage has been constructed near the guest house, as well as a 30’ x 40’ tractor shed with attached 15’ x 30’ garden shed. The shed structures are of steel, with insulation and sky lights. All of these structures have electricity and water.

Log Cabin:
As previously mentioned, this structure is the oldest continuously lived in log cabin in the state of Kentucky. It is currently occupied by the current owner’s employee who serves as a gate keeper and monitors the entrance to the property. This complex also includes a small barn that is approximately 50 years old and in fair condition, as well as a storm cellar, smoke house, and wood shed.

Roads and Bridges:
There is a limestone gravel driveway approximately 2/3 mile long, which is gated at the county road with an electric gate opener. An attractive stone bridge crosses the creek along the drive leading to the residence. It is approximately 60 feet long and is constructed of sandstone.



Climate: 

The Chimney Rock Farm is located in a humid climatic region, typified by mild winters and moist, warm-to-hot summers. Storm systems typically bring heavy rains from December through March. Thunderstorms are common in summer, and winter snowfall occurs intermittently.

Water Resources: 

There are five wells on the property, one developed spring, and a four-acre pond. The spring has consistently and more than adequately provided water for the log cabin for over 200 years. One of the wells supplies water to the irrigation system for the vegetable garden and orchard, another supplies the guest house. The two other wells are located near the main residence; one of those supplies the house and the other supplies the pond and irrigation. The Tennessee Division of Forestry has indicated that the property has the highest quality water in the state.

Taxes: 

Annual property taxes are estimated to be $1,766.00.

Broker Comments: 

This property is probably the most uniquely private property in the entire state of Tennessee and the current owner has gone to great lengths to insure this fact. It is also an exceptionally large parcel of land for this part of the world. The fact that it borders such a tremendous amount of protected lands renders this farm “forever wild”.

The Facts: 

• 1,000± acres on the Tennessee/Kentucky line
• Reproduction plantation home with over 8,350 square feet
• Guest home and log cabin
• 2.25 acre pond in front of main home
• Historical connections to President Truman and Mark Twain
• Mix of hardwood forests and meadows
• Creek flowing through
• Public land borders
• Wildlife populations include deer and turkey

Additional Services: 

MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission – To represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs. Wes Oja and Jerome Chvilicek at (406) 656-7500 or Randy Clavel at (308) 534-9000 are available to describe and discuss these services in detail and welcome your call.

RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally the enhancement of a ranch’s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources. Wes Oja or Jerome Chvilicek at (406) 656-7500 are available to describe and discuss these services in detail and welcome your call.

AUCTIONS - Hall and Hall Auctions offers “Another Solution” to create liquidity for the owners of Investment-Quality Rural Real Estate. Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation. Extreme attention to detail and complete transparency coupled with Hall and Hall’s “rolodex” of over 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day. For more information on our auction services contact Scott Shuman at (800) 829-8747.

SPECIALIZED LENDING - Over the past 59 years Hall and Hall has created a legacy by efficiently providing capital to the intermountain west. In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and strong relationships with our lenders allows us to quickly tell you whether we can provide the required financing.

Competitive Pricing • Flexible Terms • Efficient Processing
In-House Appraisals • Common Sense Underwriting
Dave Roddy • (406) 656-7500
Mike Hall or Judy Chirila • (303) 861-8282
Randy Clavel • (308) 534-9000
Monte Lyons • (806) 698-6882

Disclaimer: 

WORKING WITH A REAL ESTATE PROFESSIONAL

Pursuant to the Tennessee Real Estate Broker License Act, every Real Estate Licensee owes the following duties to every Buyer and Seller, Tenant and Landlord (collectively “Buyers” and “Sellers”):

To diligently exercise reasonable skill and care in providing services to all parties to the transaction;

To disclose to each party to the transaction any Adverse Facts of which Licensee has actual notice or knowledge;

To maintain for each party in a transaction the confidentiality of any information obtained by a Licensee prior to disclosure to all parties of a written agency agreement entered into by the Licensee to represent either or both parties in the transaction. This duty of confidentiality extends to any information which the party would reasonably expect to be held in confidence, except for any information required by law to be disclosed.

To provide services to each party to the transaction with honesty and good faith;

To disclose to each party to the transaction timely and accurate information regarding market conditions that might affect such transaction only when such information is available through public records and when such information is requested by a party;

To give timely account for earnest money deposits and all other property received from any party to a transaction; and

A) To refrain from engaging in self-dealing or acting on behalf of Licensee’s immediate family, or on behalf of any other individual, organization or business entity in which Licensee has a personal interest without prior disclosure of such personal interest and tile timely written consent of all parties to the transaction; and

B) To refrain from recommending to any party to the transaction the use of services of another individual, organization or business entity in which the Licensee has an interest or from whom the Licensee may receive a referral fee or other compensation for the referral, other than referrals to other Licensees to provide real estate services, without timely disclosure to the party who receives the referral, the Licensee’s interest in such referral or the fact that a referral fee may be received.

In addition to the above, the Licensee has the following duties to his/her Client if the Licensee has become an Agent or Designated Agent in a transaction:

Obey all lawful instructions of the client when such instructions are within the scope of the agency agreement between the Licensee and Licensee’s client; and

Be loyal to the interests of the client. Licensee must place tile interests of tile client before all others in negotiation of a transaction and in other activities, except where such loyalty/duty would violate Licensee’s duties to a customer in the transaction.

Unless the following duties are specifically and individually waived in writing by a client, Licensee shall assist the client by:

A) Scheduling all property showings on behalf of the client;

B) Receiving all offers and counter offers and forwarding them promptly to the client;

C) Answering any questions that the client may have in negotiation of a successful purchase agreement within the scope of the Licensee’s expertise; and

D) Advising the client as to whatever forms, procedures and steps are needed after execution of the purchase agreement for a successful closing of the transaction.

Upon waiver of any of the above duties, a consumer must be advised in writing by such consumer’s agent that the consumer may not expect or seek assistance from any other licensees in the transaction for the performance of the above.

 

AN EXPLANATION OF TERMS

Facilitator / Transaction Broker (not an agent for either party):

The licensee is not working as an agent for either party in this consumer’s prospective transaction. A facilitator may advise either or both of the parties to a transaction but cannot be considered a representative or advocate of either party. “Transaction Broker” may be used synonymously with, or in lieu of, “facilitator” as used in any disclosures, forms or agreements. [By law, any licensee or company who has not entered into a written agency agreement with either party in the transaction is considered a Facilitator or Transaction Broker until such time as an agency agreement is established.]

Agent or Subagent for the Seller:

The licensee’s company is working as an agent for the property seller and owes primary loyalty to the seller.  Even if the licensee is working with a prospective buyer to locate property for sale, rent, or lease, the licensee and his/her company are legally bound to work in the best interests of any property owners whose property is shown to this prospective buyer. An agency relationship of this type cannot, by law, be established without written consent.

Agent for the Buyer:

The licensee’s company is working as an agent for the prospective buyer, owes primary loyalty to the buyer, and will work as an advocate for the best interests of the buyer. An agency relationship of this type cannot, by law, be established without a written buyer agency agreement.

Disclosed Dual Agent (for both parties):

Refers to a situation in which the licensee has agreements to provide services as an agent to more than one party in a specific transaction and in which the interests of such parties are adverse.

Designated Agent for the Seller:

The individual licensee that has been assigned by his/her Managing Broker and is working as an agent for the seller or property owner in this consumer’s prospective transaction, to the exclusion of all other licensees in his/her company. Even if someone else in the licensee’s company represents a possible buyer for this seller’s property, the Designated Agent for the Seller will continue to work as an advocate for the best interests of the seller or property owner. An agency relationship of this type cannot, by law, be established without a written agency agreement.

Designated Agent for the Buyer:

The individual licensee that has been assigned by his/her Managing Broker and is working as an agent for the buyer in this consumer’s prospective transaction, to the exclusion of all other licensees in his/her company. Even if someone else in the licensee’s company represents a seller in whose property the buyer is interested, the Designated Agent for the Buyer will continue to work as an advocate for the best interests of the buyer. An agency relationship of this type cannot, by law, be established without a written agency agreement.

Adverse Facts:

“Adverse Facts” means conditions or occurrences generally recognized by competent licensees that have a negative impact on the value of the real estate, significantly reduce the structural integrity of improvements to real property or present a significant health risk to occupants of the property.

CONFIDENTIALITY:

By law, every licensee is obligated to protect some information as confidential. This includes any information revealed by a consumer which may be helpful to the other party IF it was revealed by the consumer BEFORE the licensee disclosed an agency relationship with that other party. AFTER the licensee discloses that he/she has an agency relationship with another party, any such information which the consumer THEN reveals must be passed on by the licensee to that other party.

NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.