Under contract - showing

$159,000

231 Gay St, Erwin, TN 37650

3beds

1,250sqft

$1,007/mo

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Single Family Residence, Residential

Built in 1910

3,920 Square Feet Lot

$-- Zestimate^®

$127/sqft

$-- HOA

What's special

Seller Incentives Available! Seller offering closing costs and/or a decorating allowance, making this an excellent opportunity for first-time homebuyers or investors. Located in downtown Erwin, this 1,250-square-foot home is ready for its next owner. With solid potential and room for improvements, it's ideal for buyers looking to build equity through updates and renovations while enjoying the benefits of homeownership. Whether you're a handy homeowner seeking a live-in project or an investor looking for your next rehab opportunity, this property offers tremendous upside. Its location and layout also make it a strong candidate for a short-term rental or income-producing investment. Don't miss this affordable opportunity to create value and make this property your own!

89 days

534

21

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 3

Heating

Central

Cooling

Central Air

Appliances

Included: None
Laundry: Electric Dryer Hookup, Washer Hookup

Features

High Speed Internet
Flooring: Wood, Vinyl
Basement: Full,Unfinished

Interior area

Total structure area: 1,250
Total interior livable area: 1,250 sqft
Finished area above ground: 1,250

Property

Parking

Parking features: On Street, Unassigned
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Fencing: Partial
Has view: Yes
View description: City, Mountain(s)

Lot

Size: 3,920 Square Feet
Dimensions: 33 x 110M
Features: Level
Topography: Level

Details

Parcel number: 023N A 01300 000
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence, Residential

Materials

Aluminum Siding
Roof: Shingle

Condition

New construction: No
Year built: 1910

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Water Available

Community & HOA

Community

Subdivision: None

HOA

Has HOA: No

Location

Region: Erwin

Financial & listing details

Price per square foot: $127/sqft
Tax assessed value: $87,800
Annual tax amount: $913
Date on market: 5/1/2026

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/29/2026	Pending sale	$159,000$127/sqft
Source: East Tennessee Realtors #1339180 Report a problem
7/29/2026	Contingent	$159,000$127/sqft
Source: RealTracs MLS as distributed by MLS GRID #3186302 Report a problem
7/22/2026	Listed for sale	$159,000$127/sqft
Source: RealTracs MLS as distributed by MLS GRID #3186302 Report a problem
7/15/2026	Pending sale	$159,000$127/sqft
Source: East Tennessee Realtors #1339180 Report a problem
7/13/2026	Contingent	$159,000$127/sqft
Source: RealTracs MLS as distributed by MLS GRID #3186302 Report a problem
5/1/2026	Listed for sale	$159,000+78.7%$127/sqft
Source: East Tennessee Realtors #1339180 Report a problem
9/27/2017	Listing removed	$89,000$71/sqft
Source: THE BROKERS REALTY & AUCTION, INC. #393615 Report a problem
9/13/2017	Price change	$89,000-6.3%$71/sqft
Source: THE BROKERS REALTY & AUCTION, INC. #393615 Report a problem
6/26/2017	Listed for sale	$95,000+85.9%$76/sqft
Source: THE BROKERS REALTY & AUCTION, INC. #393615 Report a problem
9/12/2002	Sold	$51,100+7.6%$41/sqft
Source: Public Record Report a problem
8/29/2000	Sold	$47,500$38/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$913	$21,950
2024	$913	$21,950
2023	$913 +6.7%	$21,950
2022	$856 +94.2%	$21,950 +42.1%
2021	$441 -39.5%	$15,450
2020	$729 +10%	$15,450 +6%
2019	$663 +9.6%	$14,575
2018	$604 +0.4%	$14,575
2017	$602 -1.3%	$14,575 -2.2%
2016	$610	$14,900
2015	$610 +8.8%	$14,900
2014	$561 +4.2%	$14,900
2013	$538	$14,900
2012	$538 +3.9%	$14,900 +0.7%
2011	$518 +9.3%	$14,800
2010	$474 -0.2%	$14,800 -0.2%
2009	$474 +7.2%	$14,825
2007	$443 -1.6%	$14,825 +20%
2006	$450	$12,350
2005	$450	$12,350
2004	$450	$12,350
2002	$450	$12,350
2001	--	$12,350 +36.8%
2000	--	$9,025
1999	--	$9,025

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 37650

Getting around

47 / 100

Car-Dependent

49 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Rock Creek Elementary School
Grades: K-5Distance: 1.5 mi
7/10
Unicoi County Middle School
Grades: 6-8Distance: 0.6 mi
6/10
Unicoi County High School
Grades: 9-12Distance: 0.7 mi

Schools provided by the listing agent

Elementary: Rock Creek Elementary
Middle: Unicoi Co Middle School
High: Unicoi Co High School

Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.