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Property view

331 Luther Villa Rd, 
Sneedville, TN 37869

$130,000


3

Beds


2

Baths


3,790

Sq Ft


Single Family

Sold

Listed by

Teresa M Suarez

Creek Country Real Estate

423-733-9380

MLS#

1236030

Source:

TN KAAR

Sorry, we are unable to map this address

About This Home

331 Luther Villa Rd

This home is located just outside of a lovely little subdivision on a beautiful acre of land that has been nicely landscaped and cared for during its years. The house on this land presents excellent opportunity for getting a great home through sweat equity renovation for personal use, or for flipping. This property has exceptional potential. The building needs repairs (see below) but appears to be solidly well built, and is finished in low maintenance brick. It has a very ample floor plan with 2270 sq.ft on the main floor living area. From the side door you will enter into a large family room which has a very pretty custom stone/marble floor. The kitchen and a smaller room, which could have many uses (informal dining, sitting room or office) are behind the family room. The kitchen opens to a very large formal dining room, also on the back side of the home. An equally large formal living room at the front door is across the hall from the dining room. These 3 large rooms, the Family Rm, Living Rm and Dining Rm can be repurposed in any way you might see fit. Down the hall, which is lined with storage closets and access to the basement, there are 3 ample bedrooms. One is done in the way they used to do masters, having it's own bathroom with a shower. As it happened, it backs to the large, hall entry, full bathroom. Both bathrooms connect behind the dining room, between it and the master bedroom. The other 2 bedrooms are ample. Adding to all of this is a whopping 1520 sq. ft unfinished, CBS built basement, on concrete foundation, with high ceilings, some wall divisions, a bath room that was roughly plumbed in, and a storm shelter. The low cost of this home of 3,790 sq.ft in all, is offered to allow considerable potential for financial gain to anyone who has the where-with-all to turn this property for a worthwhile investment of time and resources, whether as an investor, or for the personal enjoyment of living in the finished product. Please note that this property is being sold strictly AS-IS, which in this case means to include all personal items that have been left behind on the premises. There may be some value in the personal property that will remain, such as antiques & other furniture that could be refinished and sold, and other equipment and items, all of which may, or may not produce some revenue. It is clear that the home needs major improvements and replacements, such as a new roof, an electrical panel that was hit by lightning, and a well, (it's no longer on a shared well). The property will also call for a heating and cooling system and other more common repairs and replacements as you might see fit. So come and see it, and then count the cost and see if you agree, that there is a substantial gain to be had here. The sellers are willing to consider your perspective, so let us hear from you!

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1982

Price Summary

144,900

$38 per Sq. Ft.

MLS #:

1236030

Sold:

September 25, 2023


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

3,790 Sq. Ft.


Structure

Structure

Year Built:

1982


Lot

Lot Size (Sq. Ft):

43,560


Finances & Disclosures

Finances

Price:

$144,900

Price per Sq. Ft:

$38 per Sq. Ft.

Source:TN KAAR
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