10 months on rocket

289 Bailey Dr, Speedwell, TN, 37870

$639,000

Home List Price

$7,588*

Closing Credit

2 Bedrooms
1 Full Bath
1,060 SqFt
$603/SqFt
House

Location

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289 Bailey Dr, Speedwell$639,000

Buyer Closing Credits

$7,588*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOff-Street Parking
Year Built1928
HeatingCentral, Heat Pump, Electric
CoolingCentral Air, Ceiling Fan(s)
WaterfrontCreek, Water Access
FireplaceStone, Wood Burning Stove
ViewMountain(s), Trees/Woods, Lake
MLS #1252312
Lot Size22.98 Acres
StatusActive

About 289 Bailey Dr

Looking for acreage? Almost 23 acres of unrestricted land which has an original 1928 Log cabin. Very quite, peaceful and private are words to start off with. This property has some cleared flat area to build a spectacular home to overlook Norris Lake and have the log cabin as a little B&B or have as a guest cabin. Property should even have room for horses if that is something you are interested in. The log cabin has been used as a VRBO and does have some track record. While this property doesn't have a dock permit you can access the lake to enjoy it's benefits like fishing and kayaking. The log cabin features a quaint living room area with a stone wood burning fireplace. A kitchen area with a small dining area and two bedrooms upstairs. The back porch raps around most of the house and is completely screened in with a wonderful swing to sit back and watch the beautiful vistas in the back ground. The porch also has a a small dining area, additional seating and game table. All furniture and furnishings are included! Property has ample area to build smaller cabins if you wish to make this an investment property. It's a beautiful property with lots of room to stretch out!

Property Details

Property Features

Property Information:

  • Architectural Style: Log
  • Year Built: 1928
  • Living Area: 1,060 SqFt

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (844) 591-7325

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Laminate
  • Interior: Eat-in Kitchen
  • Fireplace: Stone, Wood Burning Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Creek, Water Access
  • View: Mountain(s), Trees/Woods, Lake
  • Exterior: Fence - Privacy, Porch - Screened

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Creek, Private, Wooded, Level, Rolling/Hilly
  • Lot Size: 22.98 Acres

Utilities

Utilities Information:

  • Heating: Central, Heat Pump, Electric
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: Travel east on Hwy 63 through Jacksboro/Lafollette to Mercury Road. Right on Mercury Road. Turn left at stop sign onto Old Middlesboro Hwy then right on to Flat Hollow Road. Travel to Bailey Drive on right. Property is at the end on Bailey Drive. GPS friendly but keep traveling to end of Bailey Drive for property entrance as it is gated.

Price Information

Listing Price Info

Price Summary:

  • List Price: $639,000
  • Price Per SqFt: $603/SqFt
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Housing Market Comparison

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

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Speedwell, TN

City

Med. Sold Price

$270.4K

Med. Price/SqFt

$178

Avg. Days On Market

131

# of Sold Homes

1

289 Bailey Dr vs Speedwell

318 DAYS ON ROCKET

+187 Days

$639,000

+$368.5K More

$603/SqFt

+$424 More

KEY TAKEAWAY

This property is $368.5K more than the Median Sold Price and $424/SqFt more than other homes in Speedwell, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1252312

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (844) 591-7325

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: 12/24/2024, 7:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$3,257

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,982

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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-1332545
6
/10

  • Valley View Elementary School

  • 1187 Old Middlesboro Hwy

  • 4.89 miles

  • Public District Grades PK-5

school-card-donut-1332546
4
/10

  • LaFollette Elementary School

  • 195 Myers Ln

  • 8.89 miles

  • Public District Grades PK-5

school-card-donut-1332547
5
/10

  • Big Ridge Elementary School

  • 3420 Hickory Valley Rd

  • 11.97 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 $25,909. Typical income of Speedwell, TN residents is less than $35k annually. Typical family type is married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 289 Bailey Dr

What is the listing price of this property?

The listing price of 289 Bailey Dr property is $639,000.

What type of property is this?

The property 289 Bailey Dr is a house located in Speedwell, Tennessee, 37870.

Is this property for sale now?

Active Listing: 289 Bailey Dr is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 289 Bailey Dr has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 289 Bailey Dr is 1,060 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 289 Bailey Dr is 1928.

Rocket Homes›Tennessee›Claiborne County›Speedwell›37870›289 Bailey Dr

This home is located at 289 Bailey Dr in Speedwell, TN and zip code 37870. This 1,060 square foot home, which was built in 1928, sits on a 22.98 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 09, 2024 and is currently priced at $639,000.

Over 0 listings were sold over their listed price in November 2024 in Speedwell, TN. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price. In November 2024, listings were on the market for 131 days. During the same period, the median list price in this real estate market was $270,450.

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

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