9 months on rocket

523 New Ave, Erwin, TN, 37650

$495,000

Home List Price

$5,878*

Closing Credit

3 Bedrooms
3 Full Baths
2,996 SqFt
$165/SqFt
House
Schools Nearby

Location

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523 New Ave, Erwin$495,000

Buyer Closing Credits

$5,878*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1957
HeatingCentral
CoolingCentral Air
FireplaceOther
MLS #9954386
Lot Size0.63 Acres
StatusActive

About 523 New Ave

If you're looking for a stately house with great curb appeal, in a very well established neighborhood, give some deep consideration to this great home. The oversized front door allows easy access to the main level foyer, then immediately opens up to the living area, fireplace and kitchen. There is storage galore, with built in shelving and pantries / cupboards throughout the home. This lovely home offers 3 well sized bedrooms (19' x 15'', 15' x 12' and 10' x 12') on the main level - something very unusual in any age home. The main bedroom is offset from the other bedrooms, allowing privacy. It also has a separate living area (26' x 14') that could either act as a private retreat for the main bedroom, or as additional entertaining area for guests. You'll also find 3 gas fire places, 2 upstairs and 1 downstairs. Downstairs there is 800 additional square feet of living quarters where the prior owners had a guest suite which offered separate access, sleeping quarters, living area, kitchen and a full bathroom. Off of the downstairs living area is another great entertainment area just over 500 square feet completely screened in where you can take in nature and relax. The added bonus to this house is the drive way that wraps around the left side of the house and arrives at 2 garage doors on the lower level allowing access to approximately 1,300 square feet of unfinished space. To put it in perspective, this is almost 3 times the size of a standard 2 car garage. The first bay goes back 23' and the second one is 39' deep. This home is walking distance to downtown and to the elementary, middle and high schools. In summary, if you're looking for an above average home with lots of room to spread out (for people and for belongings), and you want a country feel but need access to the amenities in town - this may be the right home for you. All information deemed reliable. Buyer / buyer's agent to verify all information.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1957
  • Living Area: 2,996 SqFt

Listing Office:

  • Office Name: REMAX Checkmate, Inc. Realtors
  • Office Phone: (423) 282-0432
  • Listing Agent: Shane O'Hare

Interior Features

Interior Information:

  • Fireplace: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.63 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Unicoi County High School, Public District Grades 9-12
  • Unicoi County Middle School, Public District Grades 6-8
  • Rock Creek Elementary School, Public District Grades KG-3

Other

Directions Information:

  • Directions: Head northeast on S Main Ave toward Gay St 0.2 mi Turn right onto 1st St 0.1 mi Turn left onto N Elm Ave 0.2 mi Turn right onto Boyd St 0.2 mi Turn left onto New Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $495,000
  • Price Per SqFt: $165/SqFt

Tax Information:

  • Annual Amount: $2,456
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$227.5K

Med. Price/SqFt

$159

Avg. Days On Market

164

# of Sold Homes

8

523 New Ave vs Erwin

285 DAYS ON ROCKET

+121 Days

$495,000

+$267.5K More

$165/SqFt

+$5 More

KEY TAKEAWAY

This property is $267.5K more than the Median Sold Price and $5/SqFt more than other homes in Erwin, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9954386

Listing Office:

  • Office Name: REMAX Checkmate, Inc. Realtors
  • Office Phone: (423) 282-0432
  • Listing Agent: Shane O'Hare

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Homefront.com shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:20:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 01, 2006Home Sold
$243,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,456$59,250
2019$2,456$59,250
2018$2,447$59,250
2017$2,540$59,250

History based on county public records data.

Payment Calculator

$2,538

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,551

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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-1727531
5
/10
  • Rock Creek Elementary School

  • 1121 E Erwin Rd

  • 1.08 miles

  • Public District Grades KG-3

Middle School

school-card-donut-1727532
7
/10
  • Unicoi County Middle School

  • 600 S Mohawk Dr

  • 0.70 miles

  • Public District Grades 6-8

High School

school-card-donut-1727533
6
/10
  • Unicoi County High School

  • 700 S Mohawk Dr

  • 0.89 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,817. Residents of Erwin, TN typically earn less than $35k each year. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 523 New Ave

What is the listing price of this property?

The listing price of 523 New Ave property is $495,000.

What type of property is this?

The property 523 New Ave is a house located in Erwin, Tennessee, 37650.

Is this property for sale now?

Active Listing: 523 New Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 523 New Ave are:
Rock Creek Elementary School: GreatSchools Rating 5/10
Unicoi County Middle School: GreatSchools Rating 7/10
Unicoi County High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,456 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 1, 2006 for $243,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 523 New Ave has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 523 New Ave is 2,996 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 523 New Ave is 1957.

Rocket HomesTennesseeUnicoi CountyErwin37650523 New Ave

This home is located at 523 New Ave in Erwin, TN and zip code 37650. This 2,996 square foot home, which was built in 1957, sits on a 0.63 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 17, 2023 and is currently priced at $495,000.

In March 2024 more than 2 listings in Erwin, TN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 5 were sold below. In March 2024 in Erwin, TN there were 2.2% less homes for sale than in February 2024. In March 2024 median list price was $227,500 and the average listing age was 164 days.

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

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