Lafollette, TN 37766,174 Lance LN
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Lafollette, TN 37766,174 Lance LN
Lafollette, TN 37766,174 Lance LN
Lafollette, TN 37766,174 Lance LN
Lafollette, TN 37766,174 Lance LN
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$ 715,000
Est. payment /mo
Active

174 Lance LN Lafollette, TN 37766

6 Beds

8 Baths

4,993 SqFt


UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 4,993 sqft

Price per Sqft $143

Subdivision Esco Morton

MLS Listing ID 1293086

Style Traditional

Bedrooms 6

Full Baths 6

Half Baths 2

Originating Board East Tennessee REALTORS® MLS

Year Built 1989

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Single Family Residence

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 to 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. Nestled in Campbell County, just north of Knoxville, La Follette is a charming town where breathtaking mountain views meet a close-knit community. Once a thriving coal and iron hub, its history is steeped in resilience and hard work. What truly sets La Follette apart is its people—friendly, proud, and always ready to lend a helping hand. Here, neighbors support one another, and traditions run deep, creating an unparalleled sense of belonging.

There are endless things to do, with stunning Norris Lake just 10 minutes away, the Tiki Club, ample parks like Lonas Young, Dr. Lee J. Seargeant, and Freeman parks, Chapman Hill Winery, and expansive trail rides like Royal Blue, Tackett Creek, Winrock & 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. The studio apartment over the detached garage is ready for your first tenant or short-term guest today! Additional features include a brand-new roof with a transferable warranty, extensive storage, a bonus workshop under the pool house, & a charming playhouse. La Follette offers the perfect balance of small-town charm and modern conveniences, with just a 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, 2nd Rec Room, Workshop, Addl Living Quarter, Bedroom Main Level, Extra Storage, Office, Breakfast Room, Great Room, Family Room, Mstr Bedroom Main Level, Split Bedroom

Basement Walkout, Crawl Space, Partially Finished

Dining Room Breakfast Bar, Eat-in Kitchen, Formal Dining Area, Breakfast Room

Interior

Interior Features Cathedral Ceiling(s), Island in Kitchen, Pantry, Walk-In Closet(s), Breakfast Bar, Eat-in Kitchen

Heating Central, Electric

Cooling Wall Cooling, Central Cooling, Ceiling Fan(s)

Flooring Laminate, Carpet, Hardwood, Vinyl, Tile

Fireplaces Number 1

Fireplaces Type Electric

Fireplace Yes

Window Features Windows - Insulated

Appliance Dishwasher, Microwave, Range, Refrigerator

Heat Source Central, Electric

Laundry true

Exterior

Exterior Feature Gas Grill

Parking Features Garage Door Opener, Detached, RV Parking, Main Level

Garage Spaces 1.0

Garage Description Detached, RV Parking, Garage Door Opener, Main Level

View Mountain View, Wooded

Porch true

Total Parking Spaces 1

Garage Yes

Building

Lot Description Wooded, Rolling Slope

Faces 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

Sewer Septic Tank

Water Public

Architectural Style Traditional

Additional Building Storage

Structure Type Wood Siding,Brick,Block,Frame

Others

Restrictions Yes

Tax ID 077P A 019.00 000

Energy Description Electric

Virtual Tour https://www.zillow.com/view-imx/cf0917c7-e049-4baa-9b10-c86949c88f26?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard


Listed by Keller Williams Realty

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174 Lance LN