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Sold for $130,000
  • $130,000

    331 Luther Villa Rd, Sneedville, TN 37869

    3beds
    2,270sqft
    Single Family Residence, Residential
    Built in 1982
    1 Acres Lot
    $260,200 Zestimate®
    $57/sqft
    $1,886 Estimated rent

    Home value

    $260,200

    $247,000 - $273,000

    $1,886/mo

    Zestimate® history
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    What's special

    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. It is an unrestricted property. 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, and an additional 1,520 sq. ft in the basement. Entering in from the side door you will come into a large family room which has a very pretty custom stone/marble floor. The kitchen and a smaller room are behind the family room. This room might be used for informal dining, a sitting room or an office. 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 its own bathroom with a shower. As it happened, it backs to a large, hall entry, full bathroom. Both bathrooms connect behind the dining room, between it and the master bedroom. The other 2 bedrooms are ample. Down stairs from the hall is an unfinished, CBS built basement (1520 sq.ft), on concrete foundation, with high ceilings, some wall divisions, a bath room that was roughly plumbed in, and a storm shelter. There is also a 3 bay, CBS building for cars, equipment and other storage, a brick built BBQ, a love seat swing, and even clothes line poles, all set along the back of the property. The low cost of this home (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 left behind. 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 might produce some extra 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 calls 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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Teresa M Suarez 423-733-9380,

    Creek Country Real Estate

    Bought with:

    Joey Haun, 304977

    Clinch Mountain Realty & Auction

    Source: Lakeway Area AOR,MLS#: 700836MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Appliances
    • Included: Electric Range, Electric Water Heater, Free-Standing Refrigerator, Washer
    • Laundry: Electric Dryer Hookup, In Basement, In Kitchen, Lower Level, Main Level, Washer Hookup
    Features
    • Flooring: Carpet, Concrete, Linoleum, Marble, Stone, Vinyl
    • Basement: Bath/Stubbed,Block,Concrete,Interior Entry,Walk-Out Access,Walk-Up Access
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 3,790
    • Total interior livable area: 2,270 sqft
    • Finished area above ground: 2,270
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 25
    • Parking features: On Site, Outside
    • Uncovered spaces: 25
    • Details: in basement, on the land, in run in shed
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Front Porch, Patio
    • Frontage type: Other
    Lot
    • Size: 1 Acres
    • Dimensions: 167 x 142 x 369 x 152 x 197 x 40
    • Features: Interior Lot, Level, Many Trees, Open Lot
    Details
    • Additional structures: Shed(s)
    • Parcel number: 059 013.05
    • Special conditions: Other

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence, Residential
    Materials
    • Block, Brick, Frame
    • Foundation: Block, Slab
    • Roof: Shingle
    Condition
    • Fixer
    • New construction: No
    • Year built: 1982

    Utilities & green energy

    • Sewer: Septic Tank
    • Utilities for property: Cable Available, Electricity Available, Phone Available, Water Not Available

    Community & neighborhood

    Location
    • Region: Sneedville

    Other

    Other facts
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/24/2026Listing removed$275,000$121/sqft
    Source: East Tennessee Realtors #1302215 Report a problem
    3/14/2026Price change$275,000-3.5%$121/sqft
    Source: TVRMLS #9980704 Report a problem
    5/24/2025Listed for sale$285,000+119.2%$126/sqft
    Source: East Tennessee Realtors #1302215 Report a problem
    9/25/2023Sold$130,000-10.3%$57/sqft
    Source: Lakeway Area AOR #700836 Report a problem
    8/21/2023Pending sale$144,900$64/sqft
    Source: East Tennessee Realtors #1236030 Report a problem
    8/9/2023Listed for sale$144,900$64/sqft
    Source: East Tennessee Realtors #1236030 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$81 $3,650
    2024$81 $3,650
    2023$81 $3,650
    2022$81 +12.3%$3,650 +12.3%
    2021$72 $3,250
    2020$72 $3,250
    2019$72 $3,250
    2018$72 +0.2%$3,250
    2017$72 -4%$3,250 -3.7%
    2016$75 +0.1%$3,375
    2015$75 -89.8%$3,375 -89.8%
    2014$734 $33,060
    2013$734 $33,060
    2012-- $33,060
    2011-- $33,060 +6.9%
    2010$687 $30,932
    2009$687 -2.2%$30,932
    2008$702 $30,932
    2007$702 -5%$30,932
    2006$739 +2827.8%$30,932 +2374.6%
    2005$25 -94.9%$1,250 -94.9%
    2004$494 $24,456
    2002$494 $24,456
    2001-- $24,456 -71.9%
    2000-- $86,936

    Find assessor info on the county website

    Neighborhood: 37869

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Hancock-Central
    • Middle: Hancock
    • High: Hancock

    Source: Lakeway Area AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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