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289 Bailey Drive, Speedwell, 37870
Priced At: $639,000
Property Details for ID: 1252312
SqFt: 1,060
Price SqFt: $603
Total Bedrooms: 2
Full Baths: 1 / Half Baths: 0
MLS Status: Active
Property Type: Residential
On Market Date: 2024-02-09T23:05:13Z
Public Remarks: 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!
Schools Information
Elementary School: ********Middle / Junior School: LA Follette
High School: Campbell County Comprehensive
Building Description
Site Built: Yes
Year Built: 1928
Total Rooms: 4
SqFt (Total): 1,060
SqFt (Main Lvl): 530
SqFt (Down Lvl): 530
Full Baths: 1
1/2 Baths: 0
Fireplace: Yes
Bonus Room: No
Extra Storage: No
Basement: No
Basement Type: None
Exterior Features
Appliances
Room Dimensions
Interior Features
Property Details
Utilities
Financing
HOA Information
HOA: No
Heating & Cooling
Total Fireplaces: 1
Garage / Parking
Community Features
Outbuildings
Up Coming Open Houses
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.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use BJ Swinehart
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!