6 months on rocket

174 Lance Ln, Lafollette, TN, 37766

$715,000

Home List Price

$8,491*

Closing Credit

6 Bedrooms
6 Full Baths, 2 Partial
4,993 SqFt
$143/SqFt
House

Location

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174 Lance Ln, La Follette$715,000

Buyer Closing Credits

$8,491*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingGarage Door Opener, Detached, RV Parking, Side/Rear Entry, Main Level
Garage1 space
Year Built1989
HeatingCentral, Electric
CoolingCentral Air, Wall/Window Unit(s), Ceiling Fan(s)
BasementYes
FireplaceElectric
ViewMountain(s), Trees/Woods
MLS #1267057
Lot Size2.00 Acres
StatusActive

About 174 Lance Ln

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1989
  • Living Area: 4,993 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (865) 694-5904

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Grill, Microwave, Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Laminate, Carpet, Hardwood, Vinyl, Tile
  • Interior: Cathedral Ceiling(s), Island in Kitchen, Pantry, Walk-In Closet(s), Breakfast Bar, Eat-in Kitchen
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • View: Mountain(s), Trees/Woods
  • Exterior: Windows - Insulated, Patio, Pool - Swim (Ingrnd), Porch - Covered, Porch - Screened, Deck, Doors - Storm

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Garage Door Opener, Detached, RV Parking, Side/Rear Entry, Main Level

Lot Features

Lot Information:

  • Lot: Wooded, Rolling/Hilly
  • Lot Size: 2.00 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Wall/Window Unit(s), Ceiling Fan(s)

Other

Directions Information:

  • Directions: 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

Price Information

Listing Price Info

Price Summary:

  • List Price: $715,000
  • Price Per SqFt: $143/SqFt
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Housing Market Comparison

See how this home compares to others in La Follette, TN.

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La Follette, TN

City

Med. Sold Price

$260K

Med. Price/SqFt

$176

Avg. Days On Market

69

# of Sold Homes

13

174 Lance Ln vs La Follette

184 DAYS ON ROCKET

+115 Days

$715,000

+$455K More

$143/SqFt

-$34 Less

KEY TAKEAWAY

This property is $455K more than the Median Sold Price and $34/SqFt less than other homes in La Follette, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1267057

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (865) 694-5904

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 7:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,636

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,210

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1058058
6
/10

  • Valley View Elementary School

  • 1187 Old Middlesboro Hwy

  • 1.93 miles

  • Public District Grades PK-5

school-card-donut-1058059
4
/10

  • LaFollette Elementary School

  • 195 Myers Ln

  • 2.90 miles

  • Public District Grades PK-5

school-card-donut-1058060
7
/10

  • Jacksboro Elementary School

  • 164 Jacksboro Elem School Rd

  • 8.72 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,879. The majority of La Follette, TN residents have income less than $35k annually. Residents typically live in married, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 174 Lance Ln

What is the listing price of this property?

The listing price of 174 Lance Ln property is $715,000.

What type of property is this?

The property 174 Lance Ln is a house located in Lafollette, Tennessee, 37766.

Is this property for sale now?

Active Listing: 174 Lance Ln is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 174 Lance Ln has 6 bedrooms and 6 full and 2 half bathrooms.

What is the square footage of this property?

The property 174 Lance Ln is 4,993 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 174 Lance Ln is 1989.

Rocket Homes›Tennessee›Campbell County›La Follette›37766›174 Lance Ln

This home is located at 174 Lance Ln in Lafollette, TN and zip code 37766 in the Esco Morton neighborhood. This 4,993 square foot home, which was built in 1989, sits on a 2.00 acre lot. Features: 6 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $715,000.

While more than 5 listings in La Follette, TN in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below. In November 2024 median list price was $260,000 and the average listing age was 69 days.

From Rocket Homes Real Estate and based on county public records data.

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