This is RIVER FRONT PROPERTY !!!! Located close to downtown Erwin but in the county so NO CITY TAXES!!! Property sits on a bluff well above the water's edge so the RIVERVIEW is EXCEPTIONAL!!! HOWEVER PLEASE TAKE EXTREME CAUTION WHEN APPROACHING THE RIVER THERE EXISTS A THIRTY FOOT DROP OFF DOWN TO THE WATER'S EDGE. There are two separate septic systems and a city water supply as ell as electric. There is a Large Garden Spot that has already been planted. The bulk of the property is ''FLAT AS A PANCAKE'' There is a house on the property that is currently occupied but we assigned it a no value status. It's over a hundred years old and is in great need of major upkeep. Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information.
Property Details
Property Features
Listing Office:
Office Name: Century 21 Heritage
Office Phone: (423) 900-0270
Listing Agent: Greg Hooper
Exterior Features
Exterior Information:
Waterfront: River Front
View: Creek/Stream, Mountain(s), Water
Lot Features
Lot Information:
Lot: Level, Sloped
Lot Size: 3.50 Acres
School Info
Assigned Schools Information:
Unicoi County High School, Public District Grades 9-12
Unicoi County Middle School, Public District Grades 6-8
Love Chapel Elementary School, Public District Grades KG-3
Other
Directions Information:
Directions: Going toward Erwin on I-26 take the Jackson Love Exit. At end of ramp turn left towards town. Immediately cross bridge over the Nolichucky River and take first right turn on to Red Banks Rd. This is a dead end road with only three homes. Subject property is last house on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $190,000
Tax Information:
Annual Amount: $542
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Erwin, TN.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,016
Per Month
Principal & Interest
$949
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$636
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Love Chapel Elementary School
1426 Love Station Rd
Distance between this listing and this school0.29 miles
Public District Grades KG-3
Middle School
7
/10
Unicoi County Middle School
600 S Mohawk Dr
Distance between this listing and this school2.09 miles
Public District Grades 6-8
High School
5
/10
Unicoi County High School
700 S Mohawk Dr
Distance between this listing and this school1.92 miles
Public District Grades 9-12
Assigned Schools
5
/10
Love Chapel Elementary School
1426 Love Station Rd
Distance between this listing and this school0.29 miles
Public District Grades KG-3
Nearby Schools
6
/10
Temple Hill Elementary School
797 Old Highway Rd
Distance between this listing and this school3.38 miles
Public District Grades PK-3
5
/10
Rock Creek Elementary School
1121 E Erwin Rd
Distance between this listing and this school3.48 miles
Public District Grades KG-3
Assigned Schools
7
/10
Unicoi County Middle School
600 S Mohawk Dr
Distance between this listing and this school2.09 miles
Public District Grades 6-8
Nearby Schools
6
/10
Lamar Elementary School
3261 Highway 81 S
Distance between this listing and this school6.73 miles
Public District Grades KG-8
6
/10
South Central Elementary School
2955 Highway 107
Distance between this listing and this school9.95 miles
Public District Grades KG-8
Assigned Schools
5
/10
Unicoi County High School
700 S Mohawk Dr
Distance between this listing and this school1.92 miles
Public District Grades 9-12
Nearby Schools
5
/10
David Crockett High School
684 Old State Route 34
Distance between this listing and this school10.22 miles
Public District Grades 9-12
8
/10
Science Hill High School
251 Cotty Jones La
Distance between this listing and this school14.71 miles
The neighbors living near this home have an average income of $52,264. Most Erwin, TN residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 126 Redbanks Rd
What is the listing price of this property?
The listing price of 126 Redbanks Rd property is $190,000.
What type of property is this?
The property 126 Redbanks Rd is land located in Erwin, Tennessee, 37650.
Is this property for sale now?
Active Listing: 126 Redbanks Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 126 Redbanks Rd are: Love Chapel Elementary School: GreatSchools Rating 5/10Unicoi County Middle School: GreatSchools Rating 7/10Unicoi County High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $542 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 126 Redbanks Rd in Erwin, TN and zip code 37650. This home sits on a 3.50 acre lot. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $190,000.
Erwin, TN housing market in April 2024 saw over 4 listings sold above listed price, more than 2 sold at listed price and over 4 sold below. In April 2024 in Erwin, TN there were 9.1% less homes for sale than in March 2024. While the average time on the market in April 2024 was 115 days, the median list price was $230,000.
From Rocket Homes Real Estate and based on county public records data.
Figure Skating
Figure Skating
Extreme Sports
NASCAR
Kmart
Academy Sports & Outdoors
Stein Mart
Bob Evans
Little Caesars
Cracker Barrel
Buick
Chevrolet
Ram
Oldies
Country
Adult Standards