$130,000
$144,900
10.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
3,790 SqFt
SOLD DATE : 09/25/2023
Key Details
Sold Price $130,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 3,790 sqft
Price per Sqft $34
MLS Listing ID 1236030
Sold Date 09/25/23
Style Other
Bedrooms 3
Full Baths 2
Originating Board East Tennessee REALTORS® MLS
Year Built 1982
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 167 x 142 x 369 x 152 x 197x 40
Property Description
This home is located just outside of a lovely little subdivision on a beautiful acre of land that has been nicely landscaped and cared for during its years. The house on this land presents excellent opportunity for getting a great home through sweat equity renovation for personal use, or for flipping. This property has exceptional potential. The building needs repairs (see below) but appears to be solidly well built, and is finished in low maintenance brick. It has a very ample floor plan with 2270 sq.ft on the main floor living area. From the side door you will enter into a large family room which has a very pretty custom stone/marble floor. The kitchen and a smaller room, which could have many uses (informal dining, sitting room or office) are behind the family room. The kitchen opens to a very large formal dining room, also on the back side of the home. An equally large formal living room at the front door is across the hall from the dining room. These 3 large rooms, the Family Rm, Living Rm and Dining Rm can be repurposed in any way you might see fit. Down the hall, which is lined with storage closets and access to the basement, there are 3 ample bedrooms. One is done in the way they used to do masters, having it's own bathroom with a shower. As it happened, it backs to the large, hall entry, full bathroom. Both bathrooms connect behind the dining room, between it and the master bedroom. The other 2 bedrooms are ample. Adding to all of this is a whopping 1520 sq. ft unfinished, CBS built basement, on concrete foundation, with high ceilings, some wall divisions, a bath room that was roughly plumbed in, and a storm shelter. The low cost of this home of 3,790 sq.ft in all, is offered to allow considerable potential for financial gain to anyone who has the where-with-all to turn this property for a worthwhile investment of time and resources, whether as an investor, or for the personal enjoyment of living in the finished product. Please note that this property is being sold strictly AS-IS, which in this case means to include all personal items that have been left behind on the premises. There may be some value in the personal property that will remain, such as antiques & other furniture that could be refinished and sold, and other equipment and items, all of which may, or may not produce some revenue. It is clear that the home needs major improvements and replacements, such as a new roof, an electrical panel that was hit by lightning, and a well, (it's no longer on a shared well). The property will also call for a heating and cooling system and other more common repairs and replacements as you might see fit. So come and see it, and then count the cost and see if you agree, that there is a substantial gain to be had here. The sellers are willing to consider your perspective, so let us hear from you!
Location
State TN
County Hancock County - 56
Area 1.0
Rooms
Family Room Yes
Other Rooms Bedroom Main Level, Extra Storage, Breakfast Room, Family Room, Mstr Bedroom Main Level
Basement Roughed In, Slab, Unfinished, Walkout
Dining Room Formal Dining Area
Interior
Heating None
Cooling None
Flooring Marble, Carpet, Vinyl
Fireplaces Type Other, Wood Burning Stove
Fireplace No
Appliance Dryer, Refrigerator, Washer
Heat Source None
Exterior
Exterior Feature Porch - Covered
Garage Detached
Carport Spaces 2
Garage Description Detached
View Mountain View, Country Setting
Parking Type Detached
Garage No
Building
Lot Description Wooded, Level
Faces From Sneedville BP station. Cross the bridge and turn right. You will be on HWY 31. Follow to sharp right onto Chinquipin (just before the DOT), and then take the 1st immediate Right onto Luther Villa. Stay on through the right curve and find the house on the left. There is a sign. It is okay to pull in on the neighbor's asphalt driveway past the sign & park to the left on the property lawn. Access is through the side door. Agent must accompany.
Sewer Septic Tank
Water Other
Architectural Style Other
Additional Building Storage
Structure Type Brick,Block,Frame
Schools
Middle Schools Hancock
High Schools Hancock
Others
Restrictions No
Tax ID 059 013.05
Acceptable Financing Cash
Listing Terms Cash
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