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.
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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
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: …
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