Nestled in the scenic Sullivan Gardens of Kingsport, TN, lies a remarkable opportunity — a family-owned farm since 1952, spanning 19 acres of rolling hills, serene pastures, and the tranquil sounds of Mill Creek meandering across the property. This gem of a property presents both a testament to Kingsport's storied past and a canvas for its promising future. For potential homeowners seeking the foundation for their dream residence, look no further. This property offers not one, but two pristine home sites, each around an acre in size, located across the street from the main farm. Together, they paint a compelling vision of rural living, all within arm's reach of modern amenities. Features and Highlights: - **Historic Significance:** A treasured piece of Kingsport history, this farm has served as pastoral fields for livestock since the 1950s. - **Natural Beauty:** Embrace the serene ambiance with the babbling Mill Creek, lush green pastures, and the picturesque rolling hills. - **Agricultural Potential:** An ideal setting for those inspired by homesteading or sustainable farming. - **Structural Landmarks:** The property boasts an old barn that echoes its rich history, while the two separate lots hint at the potential for future developments. - **Tax Benefits:** Situated in the county, future owners can anticipate county-only taxes. While a touch of site work and clearing may be needed to fully realize its potential and restore the once thriving farm, the opportunities are boundless. Whether you envision a grand estate tucked away for utmost privacy or multiple homes designed for family living, this property adapts to your dream. Seize this unique opportunity to continue the legacy of this land, whether through modern homes, agricultural pursuits, or a blend of both. Let Sullivan Gardens be the backdrop to your next chapter
Property Details
Property Features
Listing Office:
Office Name: Century 21 Legacy Col Hgts
Office Phone: (423) 239-6112
Listing Agent: Chris McMeans
Lot Features
Lot Information:
Lot Size: 19.00 Acres
Other
Directions Information:
Directions: Sullivan Gardens to left on Mill Creek. Property is on both sides of the road.
Price Information
Listing Price Info
Price Summary:
List Price: $470,000
Tax Information:
Annual Amount: $17
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Kingsport, TN.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,413
Per Month
Principal & Interest
$2,346
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,476
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
John Adams Elementary School
2727 Edinburgh Channel Rd
Distance between this listing and this school1.56 miles
Public District Grades PK-5
8
/10
Rock Springs Elementary School
1238 Moreland Dr
Distance between this listing and this school3.91 miles
Public District Grades PK-5
9
/10
Miller Perry Elementary School
904 Fordtown Rd
Distance between this listing and this school4.58 miles
Public District Grades KG-5
Nearby Schools
5
/10
Sullivan Gardens K-8
209 Rosemont St
Distance between this listing and this school1.31 miles
Public District Grades PK-8
4
/10
Fall Branch Elementary School
1061 Highway 93
Distance between this listing and this school3.76 miles
Public District Grades KG-8
8
/10
Robinson Middle School
1517 Jessee St
Distance between this listing and this school6.37 miles
Public District Grades 6-8
Nearby Schools
7
/10
Sullivan South High School
1236 Moreland Dr
Distance between this listing and this school3.70 miles
Public District Grades 9-12
8
/10
Dobyns - Bennett High School
1800 Legion Dr
Distance between this listing and this school6.25 miles
Public District Grades 9-12
5
/10
Daniel Boone High School
1440 Suncrest Dr
Distance between this listing and this school7.40 miles
The neighbors living near this home have an average income of $52,064. Typical income of Kingsport, TN residents is between $35k-100k annually. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 550 Mill Creek Rd
What is the listing price of this property?
The listing price of 550 Mill Creek Rd property is $470,000.
What type of property is this?
The property 550 Mill Creek Rd is land located in Kingsport, Tennessee, 37664.
Is this property for sale now?
Active Listing: 550 Mill Creek Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $17 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 550 Mill Creek Rd in Kingsport, TN and zip code 37664. This home sits on a 19.00 acre lot. It has been listed on Rocket Homes since September 26, 2023 and is currently priced at $470,000.
In April 2024 more than 25 listings in Kingsport, TN were sold above the asking price. During the same period more than 28 listings were sold at asking price, while more than 63 were sold below. The number of homes for sale in Kingsport, TN decreased by 3.4% between March 2024 and April 2024. The median list price of listings available in April 2024 was $253,000, while the average time on the real estate market was 69 days.
From Rocket Homes Real Estate and based on county public records data.