$715,000 Price Analysis    ♡   La Follette, TN 37766 6 bed 8 bath 4,993 SqFt ($143/SqFt) 2.0 acre lot. Built 1989 Listed 2024-06-21, Taxes $2,152 | ✓ USDA Eligible near Habersham, TN Restrictions may apply due to home size |
Looking for an income generating property? Look no further for countless opportunities for revenue!
This home can be an expansive single family home that affords ample space and setup for a multigenerational family OR with a few minor modifications this can be a primary residence with up 4 separate units to lease or use as short term rental income. Opportunities galore. No need to worry about overpaying, there is an appraisal on file. Cash in your chips for instant equity, this home is priced at $35, 000 below appraisal value; see appraisal on file. Discover the perfect blend of tranquility and generational wealth in this remarkable home tucked neatly away in the pretty Cumberland Mountains. There are limitless things to do with stunning Norris Lake w/in 10 minutes; Tiki Club; ample parks like Lonas Young, Dr. Lee J Seargant and Freeman parks; Chapman Hill Winery; & expansive trail rides like Royal Blue, Tackett Creek, Winrock & many, many more! This property features three primary suites, two on the main level, over 5, 000 square feet of living space & multiple separate living areas, offering limitless potential. This dream home provides ample space for entertaining. Imagine the possibilities: with a few modifications, you can convert this home into a triplex or quadplex, maximizing rental income potential. With the ability to accommodate up to 4 units, the projected ROI is an impressive 10%, making it a fantastic investment opportunity. Enjoy serene moments on the back screened porch overlooking 2 wooded acres, unwind by the luxurious saltwater pool, hot tub, & pool house complete with a full kitchen & bathroom or spend a relaxing evening by the firepit. Stargaze from the front porch & choose between turnkey furnished (750K) r bringing your personal touch with the unfurnished option (715K). Studio apartment over the detached garage is ready for your first tenant or short term guest today!
Additional features include a brand-new roof w/a transferable warranty, extensive storage, a bonus workshop under the pool house & a charming playhouse. This home truly offers more th an meets the eye. Lafollette gives you the perfect combination of a small home town feel with all the conveniences of living as well as a quick 45 minute commute to downtown Knoxville. Don't miss out on this incredible investment & lifestyle opportunity. Come see all this property has to offer!
Presented by Brandi Crass at
Keller Williams Realty.
Property MLS #1267057 from EastTennessee
Basement Features: Crawl Space, Partially Finished, Walkout
Basement Description: Crawl Space, Partially Finished, Walkout
Extra Room-1 Description: Yes
Full Bathrooms: 6
1/2 Bathrooms: 2
Island in Kitchen
Pantry
Walk-In Closet(s)
Breakfast Bar
Eat-in Kitchen
Flooring: Laminate, Carpet, Hardwood, Vinyl, Tile
Gas Grill
Microwave
Range
Refrigerator
Fireplace Features: Electric
Heating Features: Central, Electric
Heating: Yes
Number of Fireplaces: 1
Patio
Pool - Swim (Ingrnd)
Porch - Covered
Porch - Screened
Deck
Doors - Storm
HotTub
Other Structures: Storage
Lot Size Acres: 2.0
Lot Size Source: Tax Records
Lot Size Square Feet: 87120
Parking Features: Garage Door Opener, Detached, RV Parking, Side/Rear Entry, Main Level
Calculated Total Monthly Association Fees: 0
Source Listing Status: Active
County: Campbell County - 37
Directions: Take exit 134 toward Jacksboro/La Follette, Continue on US-25W N/I-75ALT N, Take TN-63 E to Lance Ln, Merge onto US-25W N/I-75ALT N, Continue onto TN-63 E/E Central Ave, Continue to follow TN-63 E, Turn right toward Old Middlesboro Hwy, Slight left onto Old Middlesboro Hwy, Turn right onto Glade Springs Rd, Turn right onto Morton Rd, Turn left to stay on Morton Rd, Turn right onto Lance Ln
Disclaimer: No
Source Property Type: Single Family
Area: Campbell County - 37
MLS Area Minor: Campbell County - 37
Source Neighborhood: Esco Morton
Parcel Number: 077P A 019.00
Subdivision: Esco Morton
Property Subtype: Residential
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $104,150 | $2,152 |
| 2021 | $unknown + $unknown $86,900 | $1,795 |
| 2020 | $unknown + $unknown $86,900 | $1,795 |
| 2019 | $unknown + $unknown $86,900 | $1,795 |
| 2018 | $unknown + $unknown $81,150 | $817 |
| 2017 | $unknown + $unknown $36,325 | $817 |
| 2016 | $unknown + $unknown $36,325 | $817 |
| 2015 | $unknown + $unknown $36,325 | $817 |
| 2014 | $unknown + $unknown $36,325 | $723 |
| 2013 | $unknown + $unknown $38,375 | $675 |
| 2012 | $unknown + $unknown $38,375 | $675 |
| 2011 | $unknown + $unknown $38,375 | $675 |
| 2010 | $unknown + $unknown $38,375 | $675 |
| 2009 | $unknown + $unknown $31,375 | $628 |
| 2008 | $unknown + $unknown $31,375 | $628 |
| 2007 | $unknown + $unknown $28,200 | $564 |
$715,000
EastTennessee
Listing removed 2024-06-22
$0
EastTennessee
Listed 2024-06-21
$725,000
EastTennessee
Listed 2024-06-21
$725,000
EastTennessee
Listing removed 2024-05-30
$0
EastTennessee
Price Changed 2024-05-21
$694,900
EastTennessee
Listed 2024-04-27
$699,900
EastTennessee
Sold 2021-11-23
$480,000
EastTennessee
Listed 2021-06-08
$525,000
EastTennessee
Sold 2021-01-18
$345,000
EastTennessee
Sold 2018-01-11
$170,100
Public Record
Listing removed 2018-01-10
$179,900
EastTennessee
Price Changed 2017-10-09
$179,900
EastTennessee
Listing removed 2017-09-21
$189,900
EastTennessee
Listed 2017-09-21
$185,000
EastTennessee
Price Changed 2017-08-27
$189,900
EastTennessee
Price Changed 2017-08-11
$199,900
EastTennessee
Price Changed 2017-04-03
$249,900
EastTennessee
Listing removed 2017-03-16
$219,000
EastTennessee
Listed 2017-03-16
$209,900
EastTennessee
Price Changed 2017-01-05
$219,000
EastTennessee
Listed 2016-07-13
$225,900
EastTennessee
Sold 2015-06-02
$100,000
Public Record
Year Built: 1989
Building Area Total: 4993
Building Exterior Type: Wood Siding, Brick, Block, Frame
Construction Materials: Wood Siding, Brick, Block, Frame
Living Area Source: Tax Records
Property Age: 35
Total Area Sqft: 4993
Architectural Style: Traditional
Water Source: Public
Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.