Under contract

602 Watauga Ave, Knoxville, TN 37917

Beds
3
Baths
2
Sqft
1,600

View property features, location on map, relevant school information and overview from seller's agent.

Listed byINNOVATE Real Estate
  • 0
  • 0

Overview

NEW PRICE - $329,000

VALUE SNAPSHOT
✔ $329,000 - Priced to attract immediate interest
✔ $222,000+ in improvements - Major systems already updated
✔ Move-In Ready - Big-ticket items completed
✔ $15,000/year income - Detached guest house leased at $1,250/month
✔ Flexible use - Rental, office, guest suite, or multigenerational living

BONUS VALUE
Detached guest house provides immediate income or flexible living space--like getting two properties in one.

OVER $222,000 IN IMPROVEMENTS:
● New roof
● Electrical system upgrade (panel, wiring, service)
● PEX plumbing & new city water line
● Updated HVAC & ductwork
● Renovated bathrooms (guest + primary)
● LED lighting upgrades
● Decks, walkways & landscaping
● Detached guest house (income-producing)
● Additional updates throughout

PROPERTY FEATURES:
Updated historic home blending character with modern systems. Detached guest house generates income and adds flexibility. Over $222K in improvements reduce future costs, making this a strong value for both homeowners and investors.

OVER $222,000 IN DOCUMENTED CAPITAL IMPROVEMENTS:

Estimated current replacement costs shown for illustration.
● New Roof -- (Estimated replacement cost: $18,000-$25,000) ✓ Already completed
● Complete Electrical System Upgrade (new service, breaker panel, wiring throughout the home, and electrical feeds to both buildings) -- (Estimated replacement cost: $20,000-$35,000) ✓ Already completed
● New City Water Service Line (street to home) -- (Estimated replacement cost: $8,000-$15,000) ✓ Already completed
● PEX Plumbing Upgrades Throughout -- (Estimated replacement cost: $15,000-$30,000) ✓ Already completed
● Sewer Line Professionally Cleaned and Restored -- (Estimated value of service: $500-$2,000) ✓ Already completed
● Updated HVAC System & Ductwork -- (Estimated replacement cost: $12,000-$20,000) ✓ Already completed
● Completely Renovated Guest Bathroom (taken to the studs and rebuilt) -- (Estimated replacement cost: $20,000-$35,000) ✓ Already completed
● Newly Updated Primary En-Suite Bathroom -- (Estimated replacement cost: $12,000-$25,000) ✓ Already completed
● Detached Guest House Improvements -- Adds immediate income-producing capability with current gross rental income of approximately $15,000 annually.
● New Decks & Outdoor Living Areas -- (Estimated replacement cost: $15,000-$30,000) ✓ Already completed
● Concrete Walkways & Hardscaping -- (Estimated replacement cost: $8,000-$18,000) ✓ Already completed
● Professionally Designed Mature Landscaping & Gardens -- (Estimated replacement cost: $10,000-$30,000) ✓ Already completed
● Updated Interior & Exterior Lighting -- (Estimated replacement cost: $3,000-$8,000) ✓ Already completed
The next owner can enjoy these improvements without taking on the cost, disruption, and time required to complete them today.

Location

Full feature list

Basic info

Property type
House
Number of bedrooms
3
Number of bathrooms
2
Square feet
1,600
Lot size (acres)
0.16
Year built
1899

Interior features

Basement
Yes

Utilities

Heating
Electric, Heat Pump
Cooling
Central Air, Ceiling Fans
Sewer
Public Sewer
Water
Public Water

Public schools

Loading

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: East Tennessee Realtors MLS®#: 1341972 Last checked:

The data relating to real estate for sale on this website 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. Real estate listings held by brokerage firms other than INNOVATE Real Estate, 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. Copyright ©2026 Knoxville Area Association of REALTORS® Multiple Listing Service. All Rights Reserved.