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Lafollette,TN 37766
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
Year Built 1989
Lot Size 2.000 Acres
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
Dining Room Breakfast Bar, Eat-in Kitchen, Formal Dining Area, Breakfast Room
Interior
Heating Central,Electric
Cooling Wall Cooling,Central Cooling,Ceiling Fan(s)
Flooring Laminate,Carpet,Hardwood,Vinyl,Tile
Fireplaces Number 1
Fireplaces Type 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
Building
Lot Description Wooded,Rolling Slope
Sewer Septic Tank
Water Public
Structure Type Wood Siding,Brick,Block,Frame
Others
Virtual Tour https://www.zillow.com/view-imx/cf0917c7-e049-4baa-9b10-c86949c88f26?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard