$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
2,270 SqFt
SOLD DATE : 09/25/2023
Key Details
Sold Price $130,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,270 sqft
Price per Sqft $57
MLS Listing ID 700836
Style Ranch
Bedrooms 3
Full Baths 2
Year Built 1982
Annual Tax Amount $757
Lot Size 1.000 Acres
Property Sub-Type Single Family Residence
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. It is an unrestricted property. 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, and an additional 1,520 sq. ft in the basement. Entering in from the side door you will come into a large family room which has a very pretty custom stone/marble floor. The kitchen and a smaller room are behind the family room. This room might be used for informal dining, a sitting room or an office. 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 its own bathroom with a shower. As it happened, it backs to a large, hall entry, full bathroom. Both bathrooms connect behind the dining room, between it and the master bedroom. The other 2 bedrooms are ample. Down stairs from the hall is an unfinished, CBS built basement (1520 sq.ft), on concrete foundation, with high ceilings, some wall divisions, a bath room that was roughly plumbed in, and a storm shelter. There is also a 3 bay, CBS building for cars, equipment and other storage, a brick built BBQ, a love seat swing, and even clothes line poles, all set along the back of the property. The low cost of this home (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 left behind. 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 might produce some extra 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 calls 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
Exterior
Parking Features On Site, Outside
Utilities Available Cable Available, Electricity Available, Phone Available, Water Not Available
Roof Type Shingle
Building
Lot Description Interior Lot, Level, Many Trees, Open Lot
Foundation Block, Slab
Structure Type Block,Brick,Frame
New Construction No
Schools
High Schools Hancock
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Other
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308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States