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Sold for $495,000
  • $495,000

    701 Bailey Ln, Erwin, TN 37650

    3beds
    1,382sqft
    Single Family Residence, Residential
    Built in 1957
    12.73 Acres Lot
    $503,800 Zestimate®
    $358/sqft
    $1,619 Estimated rent

    Home value

    $503,800

    Estimated sales range

    Not available

    $1,619/mo

    Zestimate® history
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    What's special

    Riverfront Retreat on 12.73± Acres - 701 Bailey Lane, Erwin, TN Welcome to your private East Tennessee oasis! Nestled on 12.73± acres with over 700 feet of pristine Nolichucky River frontage, this unique property offers endless possibilities—whether you're looking for a serene homestead, income-generating opportunity, or a recreational getaway. The charming 3-bedroom, 1-bathroom home features 1,382 finished square feet upstairs and a 1,252 sq ft unfinished basement, giving you room to expand or customize to your needs. Even better, the home is being sold fully furnished, making it truly move-in ready. Outside, you'll find everything you need for work or play, including a large barn and a spacious 2,800 sq ft 4-bay shop, already plumbed for a boiler heating and cooling system—perfect for a workshop, event space, or future conversion. With no city taxes and located just minutes from downtown Erwin and I-26, you'll enjoy peace and privacy without sacrificing convenience. Whether you're envisioning an RV campground, wedding venue, or simply a private riverside retreat, this one-of-a-kind property is full of potential. Don't miss your chance to own a slice of paradise in the mountains of Northeast Tennessee. All information is deemed reliable, but not guaranteed. Buyer / Buyers agent to verify any / all information.

    Zillow last checked: 7 hours ago

    Listing updated: June 30, 2025 at 07:11am

    Listed by:

    Michael Baker 423-948-7661,

    Greater Impact Realty Erwin

    Bought with:

    Michael Baker, 333409

    Greater Impact Realty Erwin

    Source: TVRMLS,MLS#: 9979539

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Windows: Double Pane Windows
    Interior area
    • Total structure area: 2,634
    • Total interior livable area: 1,382 sqft

    Property

    Features
    • Has view: Yes
    • View description: Water, Mountain(s)
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: River Front
    Lot
    • Size: 12.73 Acres
    • Dimensions: 12.73 acres
    • Topography: Sloped
    Details
    • Parcel number: 039 014.00
    • Zoning: n/a

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cabin,Cottage
    • Property subtype: Single Family Residence, Residential
    Materials
    • Log
    • Roof: Metal
    Condition
    • Average
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & neighborhood

    Location
    • Region: Erwin
    • Subdivision: Not In Subdivision

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/30/2025Sold$495,000-5.7%$358/sqft
    Source: TVRMLS #9979539 Report a problem
    5/1/2025Pending sale$525,000$380/sqft
    Source: TVRMLS #9979539 Report a problem
    4/30/2025Listed for sale$525,000+191.7%$380/sqft
    Source: TVRMLS #9979539 Report a problem
    11/24/2003Sold$180,000$130/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,218 -33.4%$46,675 -33.4%
    2024$1,830 $70,100
    2023$1,830 +11.1%$70,100

    Find assessor info on the county website

    Neighborhood: 37650

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Love Chapel
    • Middle: Unicoi Co
    • High: Unicoi Co

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

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