Active

Residential

174 Lance Lane

LaFollette, TN 37766

Beds

6

Baths

8

Square Ft.

4,993

$715,000

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… Read More 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! Read Less

Courtesy of Keller Williams Realty,

Listing Snapshot

Days Online

1

Last Updated

Mar 14, 2025

Property Type

Other

Beds

6

Full Baths

6

Partial Baths

2

Square Ft.

4,993

Lot Size

2 Acres

Year Built

1989

MLS Number

1293086

30 Days Snapshot Of 37766

$225k

-57%

(avg) sold price

1

-93%

home sold

36

-63%

(avg) days on market

Snapshot

Area Map

Additional Details

Basement

"Walkout", "Crawl Space", "Partially Finished"

Building

Built in 1989, Building area total: 4,993, Architectural style: "Traditional"

Cooling

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

Exterior Features

"Gas Grill"

Fireplaces

"Electric"

Floors

"Laminate", "Carpet", "Hardwood", "Vinyl", "Tile"

Garage

1 space

Heating

"Central", "Electric"

Interior Features

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

Lot

2 acres, 87,120 square feet, Area: 2, "Wooded", "Rolling Slope"

Parking

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

Sewer

"Septic Tank"

Windows

"Windows - Insulated"

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Wynn Habersham Elementary School 423-784-9482 Public KG-8

White Oak Elementary School 423-784-6051 Public PK-8

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This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the Knoxville Area Association of REALTORS®.

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