Newbern, TN

My friend Mr. Cooper at Dyersburg Realty just listed a 4 bedroom 2 bath foreclosure located at 1500 Red Bell Road in Newbern,Tn 38059.

This foreclosure belonged to an acquaintance of mine who left a job for another job and got laid off. He had a conforming loan on this house and these are what we are seeing being foreclosed on now. I believe the non comforming B-paper foreclosures have run their course and now just the "A" paper is defaulting.

The last owner paid $159,000 for this house in October of 2002. The county has it valued at $148,900. Before losing this house the owner had it listed for $184,900 and reduced it to $179,900. He was overpriced to start with and just rode the recession down until he bailed.

I showed this house last year and made the comment that it was a nice house that was overpriced. The heated and cooled square footage is 2267' and it sits on 2.1 acres.

This house is in a good location and should sell within the next 60 days. If you would like more information or would like to view this house just call Mike Frazier at 800-896-8016.

Pine Hill Subdivision or more formally called Pine Hill Estates is a mid range priced subdivision in Newbern,Tn only about 8 miles northeast of Dyersburg Tennessee.

This is a beautiful fairly new subdivision where house values range from $100,000 up to $165,000.

Currently, I believe there are about 4-5 homes for sale(as of today) in this area with one of them being new construction. To search for homes for sale in Pine Hill Subdivision just click this Pine Hill Subdivision link.

Carousel Realty just closed the sale on a home at 900 Sugar Pine for a purchase price of $127,000. This is a 3 bedroom 2 bath home, 1406' heated and cooled area with a two car garage built in 1998. That picture is up above.

The new home under construction has 1351' heated and cooled area, a 2 car garage, LOW-e glass windows, blown in insulation in walls and ceiling and a great floor plan. I will replace the pictures down below in a couple of weeks when we will be 6 weeks from completion. Now is the time to start picking out colors and carpet.

Carousel Realty has the new house listed and has sold many homes in Pine Hills Subdivision Newbern.

If you are looking for a newer subdivision in this price range and close to Dyersburg then this is the place for your family.

According to sources including the Dyersburg State Gazette, an Arizona hose manufacturing plant is shutting its doors and moving that operation to its Newbern "Eaton" facility.

Durodyne will be closing its 85,000 sq ft operation by December. Up to 45 employees have the option of moving with their job to Newbern. Currently Eaton employees 187 people at its Newbern facility and this number should grow by 45 people by December 2008.

This of course is welcome news to Dyersburg and Dyer County. Newbern is in Dyer County and only about 8 miles or so northeast of Dyersburg. Many of the current Newbern workers make their home in Dyersburg!