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
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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

Location

Full feature list

Basic info

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

Interior features

Laundry
Washer Hookup, Electric Dryer Hookup

Utilities

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

Taxes

Tax Annual Amount
$1,337

Public schools

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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: Realtracs MLS®#: 3218251 Last checked:

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.