Two Prime Building Lots
Siam Valley Auction: Home + Two Prime Building Lots
THIS IS A LIVE AUCTION EVENT. The list price is provided solely for third-party website population purposes and should not be considered the starting bid, the asking price, or the final contract price. All pricing will be determined at auction in accordance with the auctioneer’s terms and conditions.
AUCTION
Saturday, March 7th @ 10:00 A.M.
An exceptional opportunity awaits in the heart of Siam Valley—a region admired for its rolling countryside, peaceful atmosphere, and scenic mountain views. This live auction event features a charming valley home plus two additional building lots, all located in one of the most desirable rural settings in Elizabethton. Whether you are an investor, developer, or homeowner searching for a private retreat with expansion potential, this offering presents flexibility, location, and long-term value.
Main Property
2358 Siam Road, Elizabethton, TN 37643
Situated on approximately 0.85± acre, this 3-bedroom, 1-bath home was built in 1978 and offers classic character combined with functional living space. Offered for the first time ever, the property represents a rare chance to purchase a long-held family home in a tightly held valley location.
Inside, you’ll find a spacious living room centered around a fireplace, creating a warm and inviting focal point ideal for gatherings or quiet evenings at home. Natural light enhances the sense of openness, while the layout flows comfortably into the main living areas. An additional den provides flexible space that can serve as a second family room, home office, hobby area, or entertainment room.
The home’s structure reflects the craftsmanship of its era, offering a solid foundation for personalization, light renovation, or modernization according to your vision. Investors may see value in tasteful updates, while homeowners can enjoy the property as-is or gradually tailor it to their preferences.
Practical features add to the home’s appeal. A 2-car drive-under garage provides convenient parking and additional storage, while a separate 2-car detached garage expands options for workshop space, equipment storage, or hobby use. For buyers who appreciate functionality alongside rural charm, these features offer both versatility and long-term utility.
Step outside and you’re greeted with stunning rural valley views—an increasingly rare amenity in today’s market. The gently rolling landscape and open skies create a peaceful environment that feels removed from the pace of city life while still maintaining convenient access to local amenities.
Two Additional Building Lots
S.J. Oliver Loop – Two 0.71± Acre Lots
In addition to the main residence, the auction includes two separate 0.71± acre building lots located on S.J. Oliver Loop. These parcels significantly enhance the investment potential of this offering.
Preliminary perc tests have been completed, and the lots are approved for 3-bedroom homes, making them immediately attractive for residential development. Buyers seeking to build custom homes, develop speculative properties, or secure future building sites will appreciate the groundwork already completed.
Each lot provides prime building sites in a desirable location within Siam Valley. The size of the parcels offers ample space for well-positioned homes with yards, outdoor living areas, and scenic views. Whether used individually, developed together, or held as long-term land investments, these lots create multiple strategic possibilities.
Why This Auction Matters
Opportunities in Siam Valley are limited, particularly when they involve properties being offered publicly for the first time. The combination of an established home plus two ready-to-build lots creates uncommon flexibility in a highly sought-after setting.
For investors, this is a chance to acquire multiple parcels in one transaction, allowing for diversification of strategy—renovate and resell the main home while building on the additional lots, develop all parcels, or retain for rental and long-term appreciation.
For developers, the approved building lots reduce upfront uncertainty. With perc testing completed and approval for 3-bedroom homes, valuable preliminary steps are already in place. This streamlines the development timeline and reduces risk.
For homebuyers, this property offers privacy, room to expand, and the opportunity to create a family compound or multigenerational living arrangement. The additional lots could be reserved for future use, built for extended family, or sold independently.
Location & Lifestyle
Elizabethton is known for its rich history, scenic surroundings, and proximity to outdoor recreation. Siam Valley, in particular, is admired for its pastoral beauty and peaceful rural character. Residents enjoy a lifestyle that blends privacy with community, where mountain views and open spaces are part of everyday life.
The setting offers a balance of seclusion and accessibility. While surrounded by countryside, the property remains within convenient reach of local shopping, dining, schools, and services. This blend of rural charm and practical access enhances both livability and resale potential.
Auction Format & Terms
This is a live auction event scheduled for Saturday, March 7th at 10:00 A.M. The list price displayed online is not indicative of value or final selling price. It exists only to allow listing distribution on third-party platforms.
The final contract price will be determined by competitive bidding at the auction. Auction terms and conditions will be made available by the auctioneer. Prospective bidders are strongly encouraged to review all terms prior to auction day and conduct any desired inspections or due diligence in advance.
As with all auctions, preparation is key. Buyers should have financing arranged or be prepared to comply with auction purchase requirements. Additional details regarding deposits, closing timelines, and buyer responsibilities will be provided by the auctioneer.
A Rare Combination of Home, Land, and Opportunity
It is uncommon to find a property that combines an established residence, expansion-ready land, and valley views in one offering. The fact that this home is being offered for the first time adds to its uniqueness. Long-held properties in Siam Valley rarely reach the open market, making this auction a noteworthy event for the region.
Whether your goal is investment growth, development opportunity, or securing a beautiful place to call home, this auction delivers multiple pathways to value. With scenic surroundings, approved building sites, and the flexibility inherent in an auction format, buyers have the chance to compete openly and secure property in one of the area’s most desirable rural settings.
Mark your calendar for March 7th at 10:00 A.M., prepare your due diligence, and come ready to bid. Opportunities like this—home plus land, offered together in Siam Valley—do not come around often.
Listed on Zillow
