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10386 Petros Hwy, Oliver Springs, TN, 37840

$245,000

Home List Price

$2,909*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
960 SqFt
$255/SqFt
House

Location

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10386 Petros Hwy, Oliver Springs$245,000

Buyer Closing Credits

$2,909*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOff-Street Parking
Year Built1995
HeatingPropane, Other
CoolingNone
FireplaceNone
MLS #1280806
Lot Size15.66 Acres
StatusActive

About 10386 Petros Hwy

Attention investors and developers! Nestled in a private wooded location with 15.66 acres, this distressed property offers an incredible opportunity for those with vision and ambition. Whether you're looking for a rewarding investment to transform into a fix-and-flip, vacation rental home or a place to call your own, this home is brimming with potential. Tear down and start from scratch or invest some sweat equity to restore this cabin to its former glory! Down a winding dirt and gravel drive, set back from the road and surrounded by trees for ultimate seclusion, this house makes a great getaway in a charming Oliver Springs location. Imagine the restored covered front porch with rocking chairs that look out over the ever-changing artwork of nature. The interiors reveal a 1128 SQFT floor plan with a light-filled open layout. The 3 bedrooms and 2 baths include a primary with its own ensuite bathroom. Walk-in crawl space and tear-down barn/shed on property. This fixer-upper on a large lot is a terrific investment opportunity for those looking to transform a property to their own specifications and desires. Despite its current condition, the property's sizeable lot offers the potential for expansion or development, making it an attractive option for any investor. This right here is your opportunity to create something straight from the pages of your dream home scrapbook. Inquire Today! Buyer to verify all information.

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin
  • Year Built: 1995
  • Living Area: 960 SqFt

Listing Office:

  • Office Name: Hometown Realty, LLC
  • Office Phone: (865) 693-7653

Interior Features

Interior Information:

  • Appliances: None
  • Basement: No
  • Flooring Type: Laminate
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch - Covered, Deck

Parking Information:

  • Attached Garage: No
  • Parking: Off-Street Parking

Lot Features

Lot Information:

  • Lot: Wooded
  • Lot Size: 15.66 Acres

Utilities

Utilities Information:

  • Heating: Propane, Other
  • Cooling: None

Other

Directions Information:

  • Directions: From Oliver Springs, TN head west on Main St (TN-330). Go for 525 ft. Turn right onto TN-330. Go for 443 ft. Continue on TN-62. Go for 8.1 mi. Turn right onto Petros Hwy (TN-116). Go for 1.0 mi. Arrive at 10386 Petros Hwy Oliver Springs, TN 37840.

Price Information

Listing Price Info

Price Summary:

  • List Price: $245,000
  • Price Per SqFt: $255/SqFt

Tax Information:

  • Annual Amount: $1,432
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Oliver Springs, TN.

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Oliver Springs, TN

City

Med. Sold Price

$252K

Med. Price/SqFt

$173

Avg. Days On Market

19

# of Sold Homes

3

10386 Petros Hwy vs Oliver Springs

54 DAYS ON ROCKET

+35 Days

$245,000

-$7K Less

$255/SqFt

+$82 More

KEY TAKEAWAY

This property is $7K less than the Median Sold Price and $82/SqFt more than other homes in Oliver Springs, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1280806

Listing Office:

  • Office Name: Hometown Realty, LLC
  • Office Phone: (865) 693-7653

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: 12/21/2024, 11:51:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 15, 2019Home Sold
$48,750

Tax History

YEARPROP. TAXASSESSMENT
2020$1,432$24,525
2019$526$22,550
2018$508$16,075
2017$508$16,075

History based on county public records data.

Payment Calculator

$1,290

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$801

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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.

Nearby Schools

school-card-donut-882788
4
/10

  • Wartburg Central Elementary School

  • 1315 Knoxville Hwy

  • 6.54 miles

  • Public District Grades PK-5

school-card-donut-882789
6
/10

  • Dyillis Springs Elementary School

  • 120 Ollis Rd

  • 8.15 miles

  • Public District Grades PK-5

school-card-donut-882790
4
/10

  • Norwood Elementary School

  • 809 W Tri County Blvd

  • 8.48 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,250. Most Oliver Springs, TN residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 10386 Petros Hwy

What is the listing price of this property?

The listing price of 10386 Petros Hwy property is $245,000.

What type of property is this?

The property 10386 Petros Hwy is a house located in Oliver Springs, Tennessee, 37840.

Is this property for sale now?

Active Listing: 10386 Petros Hwy 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 $1,432 (source: MLS/based on county public records data).

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

The last sale was on March 15, 2019 for $48,750. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 10386 Petros Hwy has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 10386 Petros Hwy is 960 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 10386 Petros Hwy is 1995.

Rocket Homes›Tennessee›Roane County›Oliver Springs›37840›10386 Petros Hwy

This home is located at 10386 Petros Hwy in Oliver Springs, TN and zip code 37840. This 960 square foot home, which was built in 1995, sits on a 15.66 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $245,000.

In November 2024 more than 1 listings in Oliver Springs, TN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. The number of homes for sale in Oliver Springs, TN increased by 6.9% between October 2024 and November 2024. While the average time on the market in November 2024 was 19 days, the median list price was $252,000.

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

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