174 Lance Lane, LaFollette, TN 37766
(MLS # 1293086)

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PRICE $715,000 dsIDX morgage calculator
BEDS 6
BATHS 8
HOME SIZE 4,993 sqft
LOT SIZE 2.00 ac

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!

LAST UPDATED 3/13/2025 TRACT Esco Morton
YEAR BUILT 1989 COMMUNITY Campbell County - 37
GARAGE SPACES 1.0 COUNTY Campbell County - 37
STATUS Active PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Ceiling Fan(s), Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Microwave, Range, Refrigerator
AREA Campbell County - 37
BASEMENT Crawl Space, Partially Finished, Yes
CONSTRUCTION Block, Brick, Frame, Wood Siding
EXTERIOR Gas Grill
FIREPLACE Yes
GARAGE Yes
HEAT Central, Electric
LOT 2 acre(s)
LOT DESCRIPTION Rolling Slope, Wooded
PARKING Garage Door Opener, Detached
STYLE Traditional
SUBDIVISION Esco Morton
TAXES 2374.6
VIEW Yes
VIEW DESCRIPTION Mountain(s), Trees/Woods
MORTGAGE CALCULATOR
   

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