2 months on rocket

116 Gibson Rd, Lancing, TN, 37770

$110,000

Home List Price

$1,306*

Closing Credit

2 Bedrooms
1 Full Bath
680 SqFt
$162/SqFt
House
Schools Nearby

Location

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116 Gibson Rd, Lancing$110,000

Buyer Closing Credits

$1,306*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingNone
Year Built1993
HeatingNone, Propane
CoolingNone
WaterfrontPond
FireplaceOther, None
ViewMountain(s)
MLS #1254088
Lot Size1.82 Acres
StatusActive

About 116 Gibson Rd

Calling all investors... are you ready for your next money-maker flip! This partially renovated property already has new plumbing, wiring, and sub floors. There's also updated water and power installed and a state-of-the art dual 1,000 gallon pump septic tank system. Most of the home finishing elements are included: flooring, bath fixtures, paint, light fixtures, bath fixtures, and more. It was the seller's plan to have blue-flame wall mount heaters and window A/C so there's no HVAC equipment. It's ready for the new owner to complete renovation. Situated on a double lot, including a corner lot with a tranquil pond, this property will appeal to multiple owners - first-time buyers, empty-nesters, active family or homesteaders. Enjoy the spacious open floor plan with a split layout, perfect for comfortable living and entertaining. Step outside onto the huge deck overlooking 1.82 acres of sprawling land, dotted with evergreen & deciduous trees. Enjoy quiet country living and forever mountain views. Whether you're dreaming of self-sustainability or seeking a peaceful retreat, this property holds endless potential. From Buc-ee's by I-40, head towards Lancing along Genesis Road the property is conveniently located minutes from the Catoosa Wildlife Preserve and 25 minutes from downtown Crossville. from This home offers the best of both worlds - rural tranquility and easy access to amenities. Don't miss out on this opportunity to make your dive into dreams a reality! Contact us today for more information. Property for sale includes Parcel IDs 092 016.03 and 016.04.

Property Details

Property Features

Property Information:

  • Architectural Style: Single Wide, Manufactured
  • Year Built: 1993
  • Living Area: 680 SqFt

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (888) 519-5113

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Laminate, Tile
  • Interior: Eat-in Kitchen
  • Fireplace: Other, None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Pond
  • View: Mountain(s)
  • Exterior: Windows - Aluminum, Windows - Storm, Deck, Doors - Energy Star

Parking Information:

  • Attached Garage: No
  • Parking: None

Virtual/3D Tour

  • Virtual Tour: 116 Gibson Rd

Virtual Tour

Lot Features

Lot Information:

  • Lot: Pond, Wooded, Corner Lot, Irregular Lot, Level
  • Lot Size: 1.82 Acres

Utilities

Utilities Information:

  • Heating: None, Propane
  • Cooling: None

School Info

Assigned Schools Information:

  • Wartburg Central High School, Public District Grades 9-12
  • Wartburg Central Middle School, Public District Grades 6-8
  • Wartburg Central Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Buc-ee's & I-40. Head down Genesis Road (Nashville Hwy) towards Lancing. Drive 18 miles to Gibson Rd; Turn R. Signs are on the Left. Please note - use 116 Gibson Rd in Lancing to geo-locate the property. CRS Data has the property address as 00 Arnold Potter Rd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $110,000
  • Price Per SqFt: $162/SqFt
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Housing Market Comparison

See how this home compares to others in Lancing, TN.

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Lancing, TN

City

Med. Sold Price

$230K

Med. Price/SqFt

$182

Avg. Days On Market

43

# of Sold Homes

1

116 Gibson Rd vs Lancing

61 DAYS ON ROCKET

+18 Days

$110,000

-$120K Less

$162/SqFt

-$21 Less

KEY TAKEAWAY

This property is $120K less than the Median Sold Price and $21/SqFt less than other homes in Lancing, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1254088

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (888) 519-5113

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 10:20:24 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$617

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$396

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3034830
4
/10

  • Wartburg Central Elementary School

  • 1315 Knoxville Hwy

  • 13.02 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3034831
4
/10

  • Wartburg Central Middle School

  • 146 Liberty Rd

  • 14.83 miles

  • Public District Grades 6-8

High School

school-card-donut-3034832
4
/10

  • Wartburg Central High School

  • 1119 Knoxville Hwy

  • 12.50 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,818. Residents of Lancing, TN typically earn less than $35k each year. The majority of families are married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 116 Gibson Rd

What is the listing price of this property?

The listing price of 116 Gibson Rd property is $110,000.

What type of property is this?

The property 116 Gibson Rd is a house located in Lancing, Tennessee, 37770.

Is this property for sale now?

Active Listing: 116 Gibson Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 116 Gibson Rd are:
Wartburg Central Elementary School: GreatSchools Rating 4/10
Wartburg Central Middle School: GreatSchools Rating 4/10
Wartburg Central High School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 116 Gibson Rd has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 116 Gibson Rd is 680 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 116 Gibson Rd is 1993.

Rocket Homes›Tennessee›Morgan County›Lancing›37770›116 Gibson Rd

This home is located at 116 Gibson Rd in Lancing, TN and zip code 37770. This 680 square foot home, which was built in 1993, sits on a 1.82 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 28, 2024 and is currently priced at $110,000.

Over 0 listings were sold over their listed price in March 2024 in Lancing, TN. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Lancing, TN decreased by 14.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 43 days, the median list price was $230,000.

From Rocket Homes Real Estate and based on county public records data.

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