LIVE AUCTION EVENT
The list price is shown solely for third-party website purposes and should not be considered the starting bid, asking price, or final sales price. The property will sell at public auction, and all pricing will be determined by competitive bidding in accordance with the auctioneer’s terms and conditions.
AUCTION
Saturday, March 7th at 10:00 A.M.
An outstanding opportunity awaits in the heart of Siam Valley, a region celebrated for its rolling countryside, peaceful atmosphere, and breathtaking mountain views. This live auction offering includes a charming valley home along with two additional building lots, all situated in one of the most desirable rural areas of Elizabethton. Whether you are an investor, developer, or homeowner seeking a private retreat with future expansion potential, this property offers flexibility, location, and long-term value.
Main Property
2358 Siam Road, Elizabethton, TN
Positioned on approximately 0.85± acre, this three-bedroom, one-bath home was built in 1978 and blends classic character with comfortable living space. Offered to the public for the first time, this long-held family property presents a rare opportunity in a tightly held valley location.
Inside, a spacious living room centers around a fireplace, creating a warm and inviting focal point ideal for gatherings or quiet evenings at home. Natural light enhances the open feel, and the layout flows comfortably into the main living areas. An additional den provides flexible space suitable for a second living room, home office, hobby area, or entertainment room.
The home reflects the solid craftsmanship of its era and offers a strong foundation for personalization or tasteful updates. Buyers may choose to enjoy the home as it stands or modernize it to suit their vision.
Practical features include a two-car drive-under garage that provides convenient parking and storage. In addition, a separate two-car detached garage expands possibilities for workshop space, equipment storage, or hobby use. These functional amenities add versatility and long-term utility to the property.
Step outside and enjoy scenic rural valley views, an increasingly rare feature in today’s market. The gently rolling landscape and open skies create a peaceful environment while still maintaining convenient access to nearby amenities.
Two Additional Building Lots
S.J. Oliver Loop – Two 0.71± Acre Parcels
In addition to the main residence, the auction includes two separate building lots located on S.J. Oliver Loop. Each parcel measures approximately 0.71± acre and significantly enhances the overall investment potential.
Preliminary perc testing has been completed, and both lots are approved for three-bedroom homes, making them immediately attractive for residential development. Buyers looking to build custom homes, pursue speculative construction, or secure future building sites will appreciate the groundwork already completed.
The lot sizes provide ample space for well-positioned homes with yards, outdoor living areas, and scenic surroundings. Whether developed individually, together, or held as long-term land investments, these parcels offer multiple strategic options.
Why This Auction Is Important
Opportunities in Siam Valley are limited, especially when properties are offered publicly for the first time. The combination of an established home plus two approved building lots creates exceptional flexibility in a highly desirable setting.
Investors may renovate and resell the home while developing the additional lots, build across all parcels, or retain the properties for rental income and long-term appreciation. Developers benefit from approved lots with completed perc testing, reducing uncertainty and helping streamline the building process.
For homeowners, this property offers privacy, expansion potential, and the opportunity to create a family compound or multigenerational living arrangement. The additional lots may be reserved for future use, developed for extended family, or sold separately.
Location & Lifestyle
Elizabethton is known for its scenic beauty, rich history, and proximity to outdoor recreation. Siam Valley stands out for its pastoral landscapes and peaceful rural character. Residents enjoy mountain views, open spaces, and a slower pace of life, while still remaining within convenient reach of shopping, dining, schools, and essential services.
This balance of rural charm and accessibility enhances both everyday living and long-term resale potential.
Auction Format & Terms
This is a live auction scheduled for Saturday, March 7th at 10:00 A.M. The list price displayed online does not reflect value or anticipated selling price. It exists solely for listing distribution purposes.
The final contract price will be determined by competitive bidding at the auction. Auction terms and conditions will be provided by the auctioneer. All prospective bidders are encouraged to review the terms in advance and complete any inspections or due diligence prior to auction day.
Buyers should have financing arranged or be prepared to meet auction purchase requirements. Additional information regarding deposits, closing timelines, and buyer responsibilities will be made available by the auctioneer.
A Rare Opportunity in Siam Valley
It is uncommon to find a property that combines an established home, expansion-ready land, and scenic valley views in a single offering. The fact that this home is being offered publicly for the first time makes this auction particularly noteworthy.
Whether your objective is investment growth, development potential, or securing a beautiful place to call home, this auction presents multiple pathways to value.
Mark your calendar for March 7th at 10:00 A.M., complete your due diligence, and come prepared to bid. Opportunities like this—home plus additional building lots in Siam Valley—are rare and highly sought after.
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