1 of 50

116 Gibson Rd

Lancing, TN 37770

2 beds
1 bath
680 sqft
~2 acre lot
$86 per sqft
1993 build
– on site

Calling all CASH ONLY investors... 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 pond, this property will appeal to multiple owners - first-time buyers, empty-nesters, active family or homesteaders. Enjoy the spacious 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 & deciduous trees. Enjoy quiet country living and forever mountain views. Whether you're dreaming of self-sustainability or seeking a peaceful retreat, this property holds endless potential. From Buc-ee's by I-40, head towards Lancing along Genesis Road the property is conveniently located minutes from the Catoosa Wildlife Preserve and 25 minutes from downtown Crossville. from This home offers the best of both worlds - rural tranquility and easy access to amenities. Don't miss out on this opportunity to make your dive into dreams a reality! Contact us today for more information. Property for sale includes Parcel IDs 092 016.03 and 016.04.

Listing courtesy of KAARMLS / eXp Realty, LLC

Last checked: Checking… • Last updated Apr 29, 2024 •

MLS# 1254088 —

The Building

Year Built:

1993
New Construction:

No
Construction Materials:

Metal Siding, Frame
Architectural Style:

Single Wide, Manufactured
Direction Faces:

None
Roof:

None
Stories:

None
Stories Total:

None
Basement:

Crawl Space
Exterior Features:

Windows - Aluminum, Windows - Storm, Deck, Doors - Energy Star
Patio & Porch Features:

None
Accessibility Features:

None
Building Area Total:

680.0

Interior

Interior Features:

Eat-in Kitchen
Flooring:

Laminate, Tile
Fireplace:

false
Fireplace Features:

Other, None
Laundry Features:

None

Room Dimensions

Living Area:

None
Living Area Units:

None
Living Area Source:

None

Location

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.

The Property

Parcel Number:

092 016.03
Property Type:

Single Family
Property Subtype:

Residential
Lot Features:

Pond, Wooded, Corner Lot, Irregular Lot, Level
Lot Size Area:

1.82
Lot Size Acres:

1.82
Lot Size Dimensions:

204x290x149
Lot Size SqFt:

79279.2
Lot Size Units:

Acres
Lot Size Source:

See Remarks
Zoning:

None
Zoning Description:

None
Current Use:

None
Possible Use:

None
Topography:

None
Fencing:

None
Waterfront:

No
Water Body Name:

None
Road Frontage Type:

None
Property Attached:

false

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

None

Beds

Bedrooms Total:

2

Baths

Total Baths:

1.0
Total Baths:

1
Three Quarter Baths:

None
Full Baths:

1
Partial Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Virtual Tour URL Unbranded:

https://youtu.be/Co6yP_P9UYY
Buyer's Agency Compensation:

2.5000

Heating & Cooling

Heating:

None, Propane
Heating:

false
Cooling:

None
Cooling:

false

Utilities

Utilities:

None
Electric:

None
Sewer:

Septic Tank
Water Source:

Public

Schools

Elementary School:

None
Elementary School District:

None
Middle Or Jr High School:

Central
Middle Or Jr High School District:

None
High School:

Central

The Community

Subdivision Name:

Clarence Potter Est
Senior Community:

No
Pool Private:

No
Pool Features:

None
Spa Features:

None
View:

Mountain View, Country Setting
Pets Allowed:

None
Association:

No

Parking

Attached Garage:

false
Parking Features:

None

Monthly cost estimate

Asking price

$59,000

Expense	Monthly cost
Mortgage	$315
Taxes	N/A
Insurance	$16
Utilities	$105 See report
Total	$436/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
4/29/24 Apr 29, 2024	Price Changed	KAARMLS	$59,000	-46.4%
3/26/24 Mar 26, 2024	Price Changed	KAARMLS	$110,000	-15.4%
3/11/24 Mar 11, 2024	Listed / Active	KAARMLS	$130,000

House For Sale

$59,000

Cost Est.

$436/mo.

Price drop −$51,000

Listing provided by broker:

Peter Bourdeau

eXp Realty, LLC

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This house located in TN 37770 is currently for sale for $59,000. 116 Gibson Rd is a 680 square foot house with 2 beds and 1 bath that has been on Estately for 55 days. This house is in the attendance area of Central High School, Central Elementary School, Central Middle School, and Petros Joyner Elementary School.

Listing Courtesy of: KAARMLS and eXp Realty, LLC.

The information is being provided by Multiple Listing Service of the Knoxville Area Association of REALTORS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 2024 Multiple Listing Service of the Knoxville Area Association of REALTORS. All Rights Reserved.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.