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Lafollette,TN 37766
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Square Footage 4,993 sqft
Price per Sqft $143
Subdivision Esco Morton
MLS Listing ID 1267057
Style Traditional
Bedrooms 6
Full Baths 6
Half Baths 2
Year Built 1989
Lot Size 2.000 Acres
Property Description
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!
Location
State TN
County Campbell County - 37
Area 2.0
Rooms
Family Room Yes
Other Rooms Basement Rec Room, LaundryUtility, DenStudy, Workshop, Addl Living Quarter, Bedroom Main Level, Extra Storage, Office, Breakfast Room, Great Room, Family Room, Mstr Bedroom Main Level, Split Bedroom
Dining Room Breakfast Bar, Eat-in Kitchen, Formal Dining Area, Breakfast Room
Interior
Heating Central,Electric
Cooling Central Cooling,Wall Cooling,Ceiling Fan(s)
Flooring Laminate,Carpet,Hardwood,Vinyl,Tile
Fireplaces Number 1
Fireplaces Type Electric
Laundry true
Exterior
Exterior Feature Windows - Insulated,Patio,Pool - Swim (Ingrnd),Porch - Covered,Porch - Screened,Deck,Doors - Storm
Garage Garage Door Opener,Detached,RV Parking,Side/Rear Entry,Main Level
Garage Spaces 1.0
Garage Description Detached, RV Parking, SideRear Entry, Garage Door Opener, Main Level
View Mountain View,Wooded
Building
Lot Description Wooded,Rolling Slope
Sewer Septic Tank
Water Public
Structure Type Wood Siding,Brick,Block,Frame