174 N Lance Lane
LaFollette, TN 37766
- 6 beds
- 8 baths
- 4,993 sqft
- ~2 acre lot
- $143 per sqft
- 1989 build
- – on site
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 & 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 & generational wealth in this remarkable home tucked neatly away in the beautiful Cumberland Mountains. There are endless things to do with stunning Norris Lake w/in 10 minutes; Tiki Club; ample parks like Lonas Young, Dr. Lee J Seargant & 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) or 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 than 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!
Listing courtesy of KAARMLS / Keller Williams Realty
Last checked:
Checking…
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Last updated Nov 7, 2024
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MLS# 1267057 —
The Building
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Year Built:1989
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New Construction:No
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Construction Materials:Wood Siding, Brick, Block, Frame
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Architectural Style:Traditional
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Direction Faces:None
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Roof:None
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Stories:None
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Stories Total:None
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Basement:Crawl Space, Partially Finished, Walkout
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Exterior Features:Windows - Insulated, Patio, Pool - Swim (Ingrnd), Porch - Covered, Porch - Screened, Deck, Doors - Storm
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Patio & Porch Features:None
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Accessibility Features:None
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Building Area Total:4993.0
Interior
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Interior Features:Cathedral Ceiling(s), Island in Kitchen, Pantry, Walk-In Closet(s), Breakfast Bar, Eat-in Kitchen
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Flooring:Laminate, Carpet, Hardwood, Vinyl, Tile
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Fireplace:No
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Fireplaces Total:1
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Fireplace Features:Electric
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Laundry Features:None
Room Dimensions
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Living Area:None
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Living Area Units:None
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Living Area Source:None
Location
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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
The Property
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Parcel Number:077P A 019.00
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Property Type:Single Family
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Property Subtype:Residential
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Lot Features:Wooded, Rolling Slope
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Lot Size Area:2.0
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Lot Size Acres:2.0
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Lot Size SqFt:87120.0
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Lot Size Units:Acres
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Lot Size Source:Tax Records
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Zoning:None
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Zoning Description:None
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Current Use:None
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Possible Use:None
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Topography:None
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Fencing:None
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Waterfront:No
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Water Body Name:None
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Road Frontage Type:None
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Property Attached:false
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Other Structures:Storage
Listing Agent
- Contact info:
- Office phone:
- (865) 694-5904
Taxes
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Tax Annual Amount:None
Beds
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Bedrooms Total:6
Baths
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Total Baths:7.0
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Total Baths:8
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Three Quarter Baths:None
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Full Baths:6
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Half Baths:2
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Partial Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
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Virtual Tour URL Unbranded:https://www.zillow.com/view-imx/cf0917c7-e049-4baa-9b10-c86949c88f26?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Heating & Cooling
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Heating:Central, Electric
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Heating:true
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Cooling:Central Cooling, Wall Cooling, Ceiling Fan(s)
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Cooling:true
Utilities
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Utilities:None
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Electric:None
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Sewer:Septic Tank
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Water Source:Public
Appliances
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Appliances:Dishwasher, Gas Grill, Microwave, Range, Refrigerator
Schools
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Elementary School:None
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Elementary School District:None
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Middle Or Jr High School District:None
The Community
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Subdivision Name:Esco Morton
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Senior Community:No
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Pool Private:No
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Pool Features:None
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Spa Features:None
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View:Mountain View, Wooded
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Pets Allowed:None
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Association:No
Parking
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Attached Garage:false
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Garage Spaces:1.0
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Parking Features:Garage Door Opener, Detached, RV Parking, Side/Rear Entry, Main Level
Monthly cost estimate
Asking price
$715,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,828
|
Taxes | N/A |
Insurance | $196 |
Utilities | $243 See report |
Total | $4,267/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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6/25/24
Jun 25, 2024
|
Listed / Active | KAARMLS | $715,000 | |
6/24/24
Jun 24, 2024
|
Price Changed | KAARMLS | $715,000 | -1.4% |
6/21/24
Jun 21, 2024
|
Delisted / Withdrawn | KAARMLS | $725,000 | 110.1% (32.2% / YR) |