by Lee Lin

Check Availability
Claiborne
516 Thomas Rd
$348,300
↓ $10K (2.8%)
● House - Active

516 Thomas Rd

Speedwell, TN 37870
bedrooms
7 Beds
bathrooms
4 Baths
square feet
3,344 Ft²
$1,816
Est. Monthly

About This Property

2 Single Family Houses for this price!  

Home 1 is 2200 sq ft
Home 2 is 1144 sq ft.  

Nestled on over three acres in a picturesque country setting, this unique property offers the perfect blend of privacy, versatility, and convenience. Featuring two beautifully updated homes, it's ideal for multi-generational living, rental income, or an investment opportunity.

Home One welcomes you with a charming, inviting front porch--perfect for relaxing and taking in the peaceful surroundings. Inside, you'll find a thoughtfully updated 4-bedroom, 2-full bath layout with durable laminate wood and carpet flooring throughout, creating a seamless, low-maintenance living space and has a handicap accessible ramp.

Home Two is a well-maintained ranch-style residence offering comfort and functionality, complete with a screened-in porch for enjoying the outdoors year-round. Laminate, ceramic, and carpet throughout.  This home features 3 bedrooms and 2 full baths, along with numerous updates that make it move-in ready.

The expansive acreage provides endless possibilities--whether you're looking to bring your horses, start a small homestead, or simply enjoy the extra space and privacy.

All of this is just minutes from local shopping, dining, and Lincoln Memorial University, as well as the charm of the historic Cumberland Gap area. Outdoor enthusiasts will love the close proximity to hiking trails, park, lakes, and rivers.

If you've been searching for a property that offers flexibility, natural beauty, and convenience, this one truly has it all.

Survey on file.

*Buyer to verify all information including but not limited to acreage, square footage and taxes.
Unit Size
3,344 Ft²
Days on Market
187 days
Land Size
3.39 acres
Price per sqft
$104
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
1960

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Last updated: 11 days ago (East Tennessee Realtors #1339211)

Price History

Date / Event Date Event Price
Oct 24, 2026 Price Decreased $348,300
↓ $10K (2.8%)
Price Decreased
Oct 4, 2026 Price Decreased $358,300
↓ $20K (5.3%)
Price Decreased
May 1, 2026 Listed by Mountain Realty $378,300
Listed by Mountain Realty
May 8, 2021 No longer available -
No longer available
May 1, 2021 Relisted $219,900
Relisted
Show More

Property Highlights

Air Conditioning
Fireplace
Parking Details
Has Carport
Parking Features: Carport, Other
Interior Details
Full Bathrooms: 4
Interior Features: Eat-in Kitchen
Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
Flooring Type: Laminate, Carpet
Rooms: 6
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Basement: Crawl Space
Exterior Details
Square Footage: 3344
Architectural Style: Traditional
Year Built: 1960
Building Area Total: 3344
Window Features: Windows - Wood
Construction Materials: Frame
Patio and Porch Features: Covered
Lot Features: Level
Lot Size Area: 3.39
Lot Size Units: Acres
Lot Size Acres: 3.39
Lot Size Square Feet: 147668.4
Water Source: Public
Financial Details
Tax Annual Amount: $1,260
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump, Electric
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1990
  • Building Count: 2
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 147,668
  • Total Building Area: 1,274
  • Building Area: 1,274
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,274
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PHILLIP & SELENA FRAZIER
  • Land Acres: 0000003390
  • Standard Land Use Code: 1001
  • County Land Use Code: 01

Neighborhood

  • School District Name: Claiborne County School District
  • Census Tract: 970500

Geography

  • Assessors Map Reference: 40
  • District: 06
  • Parcel: 040 00302
  • Latitude: 36.5341
  • Longitude: -83.7568

    Address

  • Full Address: 516 Thomas Rd
  • Address - House Number: 516
  • Address - Street Name: Thomas
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Speedwell
  • Carrier Code: R001
  • 4-Digit Zip Code: 7969
  • Zip Code: 37870

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 13A00

    Appraisal Valuation

  • Standard Deviation: 0.4812
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 3
  • Final Value: 312,417
  • High Value: 462,757
  • Low Value: 162,076

    Market Valuation

  • Market Total Value: $215,400
  • Market Land Value: $26,000
  • Market Improvement Value: $189,400

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $53,850
  • Assessed Land Value: $6,500
  • Assessed Improvements Value: $47,350

    Sales

  • Current Sale Contract Date: Jun 09, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21008377
  • Previous Sale Recording Date: May 04, 2018
  • Previous Sale Contract Date: May 01, 2018
  • Previous Sale Amount: $111,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Claiborne


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Frequently Asked Questions

When was property at 516 Thomas Road built and last sold?
The property at 516 Thomas Road was built in 1960 and last sold on Jun 9, 2021 for $209,000.
How much is this home worth?
The estimated value of the home located at 516 Thomas Road is $351,783.
What are some comparable homes to 516 Thomas Road?
There are currently no comparable homes to 516 Thomas Road.