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$59,000   Price Analysis
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116 Gibson Rd
Lancing, TN 37770
2 bed 1 bath 680 SqFt ($86/SqFt)
1.82 acre lot. Built 1993
Listed 2024-02-29		Ⓧ USDA Ineligible
due to property
near Gobey

Calling all investors.

* No Longer For Sale *
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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 pnd, this property will appeal to multiple owners - first-time buyers, empty-nesters, act ive family or homesteaders. Enjoy the vast 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 and deciduous trees.


Presented by PETER BOURDEAU at
Exp Realty.
Listing Agent Photo

Property MLS #225857 from Cookeville

Bedrooms: 2

Total Bathrooms: 1 / 0
Full Bathrooms: 1

Electric Oven
Laundry Facilities: Main Level

Window Features: Single Pane Windows, Storm Window(s)

Water Features: Pond

Landscaping: Trees
Lot Description: Corner Lot, Irregular Lot, Wooded, Cleared
Lot Size Acres: 1.82
Lot Size Dimensions: IRR
Lot Size Square Feet: 82446

Patio And Porch Features: Deck

View: Mountain(s)
Other Equipment: Electric

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 107.40
Source Listing Status: Sold
County: Morgan
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.
Source Property Type: Residential
Property Subtype: Manufactured w/Acreage
Source System Name: C2C

Sold 2024-05-14
$60,000
Cookeville
Price Changed 2024-04-29
$59,000
Cookeville
Price Changed 2024-04-29
$59,000
EastTennessee
Price Changed 2024-03-26
$110,000
EastTennessee
Price Changed 2024-03-26
$110,000
Cookeville
Listed 2024-02-29
$130,000
Cookeville
Listed 2024-02-28
$130,000
EastTennessee

Total Square Feet Living: 680
Year Built: 1993
Building Exterior Type: Metal Siding
Construction Materials: Frame
Foundation Details: Crawl Space
Levels: One
Property Age: 31
Roof: Rolled/Hot Mop
Levels or Stories: 1

Electric: Circuit Breakers
Gas: Propane
Sewer: Septic Tank
Water Source: Public

Central High School is a public high school located approximately 12.6 miles away.
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Central Elementary School is a public elementary school located approximately 13.1 miles away.
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Central Middle School is a public middle school located approximately 14.8 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.