$130,717 EMV

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Sycamore Dr
Bulls Gap, TN 37711

Overview

This Preforeclosure is located at Sycamore Dr, Bulls Gap, TN 37711. This property is currently in auction with an estimated market value of $130,717.
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Status: Active
Listing ID: 63838380
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Homes near Sycamore Dr in Bulls Gap, Tennessee


Learn about Sycamore Dr in Bulls Gap, TN

This property is available as a preforeclosure at Sycamore Dr. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Bulls Gap, specifically for Sycamore Dr and comparable listings. Based on this expert analysis, the estimated market value is $130,717. If purchased for rental purposes, the monthly rental rate could range between $830 and $1,010, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Sycamore Dr are updated daily along with others in Bulls Gap, Tennessee, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Sycamore Dr below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Sycamore Dr in Bulls Gap Tennessee Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Sycamore Dr
View Preforeclosure Status
07/21/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

This Property Has An Auction

Get up-to-date information and real-time property status updates:

Address: Sycamore Dr Bulls Gap TN 37711

Auction Time Left

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The countdown is usually accurate but not exact. To be safe, place bids 2 hours before the bidding ends.

What is the city of Bulls Gap, TN like?

Bulls Gap, Tennessee, is a charming small town located in the scenic east Tennessee region. Known for its friendly community and picturesque landscapes, the area offers a peaceful lifestyle ideal for families and retirees alike. Residents can enjoy the stunning views of the Great Smoky Mountains and the numerous outdoor activities that this natural beauty enables.

The town boasts a range of local amenities including grocery stores, restaurants, and parks, which cater to the daily needs of its residents. For those who enjoy outdoor activities, Bulls Gap offers hiking, fishing, and camping opportunities close to home. The area has several nearby recreational facilities that provide environments for exercise, relaxation, and community events.

Educational options in the area are solid, with a variety of schools that cater to different age groups. Transportation options are also accessible, allowing for easy commutes to neighboring towns and larger cities. Additionally, the cost of living in Bulls Gap is relatively affordable, making it an attractive option for homebuyers and real estate investors.

Nearby Schools

There are 3 schools in the area. Nearby schools include Bulls Gap School and Grainger High School.

Bulls Gap School
Grainger High School
Rugby Middle School

Nearby Attractions

There are plenty of activities near this property like Bulls Gap Public Library, Bulls Gap Community Center, and more.

Bulls Gap Public Library
Bulls Gap Community Center
UT Medical Center

What kind of public transportation is there?


Public transportation options include: Limited public bus services operated by local transit authorities, Rideshare options available in town. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Bulls Gap Park, Piney Flats Park and more.

Bulls Gap Park
Piney Flats Park
Carter's Ridge Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Comcast Xfinity
AT&T
Spectrum
Rental Chart
View Rental and Market Value
for Sycamore Dr in Bulls Gap Tennessee
View Market Value

Property Information

Preforeclosure

The property located at Sycamore Dr in Bulls Gap, TN is listed as a Preforeclosure

This listing located at Sycamore Dr in Bulls Gap, TN could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Bulls Gap, Tennessee is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Bulls Gap, TN, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Bulls Gap, Tennessee doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

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County Information

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Rental Value

The estimated rental value for Sycamore Dr located in Bulls Gap, TN is $952/month. Comparable homes around Sycamore Dr that are rentals have monthly ranges starting as low as $830 per month and as high as $1,010 per month. An owner looking to use this property as an investment could bring a return in the area of $830 - $1,010 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
07/21/25   Preforeclosure
07/18/25   Preforeclosure
07/26/11 09/24/11 Foreclosure
01/17/11 04/21/11 Preforeclosure GMAC MORTGAGE LLC
01/05/11 04/21/11 Preforeclosure
06/10/09 07/01/09 Preforeclosure

Similar Homes Nearby Bulls Gap, TN


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Sycamore Dr
Bulls Gap, TN 37711

$130,717 EMV

Status: Active Listing ID: 63838380

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Sycamore-Dr-Bulls-Gap-TN-37711/63838380_lid

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