174 Lance Lane, LaFollette, TN 37766

$699,999
Property Type: Single Family Bedrooms: 6 Square Footage: 4,993 Lot Size (sq. ft.): 87,120 Status: Active
Current Price: $699,999 List Date: 12/03/2025 Last Modified: 12/03/2025

Description

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 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 $50,000 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!

More Information MLS# 1293086

Contract Info

Auction Y/N: No Listing Price: 699999 Current Price: $699,999 Status: Active Listing Date: 2025-03-12

Location, Tax & Legal Info

Area: Campbell County - 37 Property Sub-Type: Residential City/County Code: County Total Tax: 2374.6

General Property Description

Type: 2 Story Basement # Bedrooms: 6 Acres: 2 Acre Source: Appraiser # of Rooms: 12 Restrictions: Yes Site Built: Yes Fireplace: Yes Property Status: N/A SqFt - Main Lvl: 1956 SqFt - Down Lvl: 1799 SqFt - 2nd Flr Lvl: 934 SqFt - 3rd Flr Lvl: 0 # Fireplace: 1 HOA: No Basement: Yes Bonus Room: Yes Extra Storage: Yes SqFt - Total (Aprox): 4993 Baths - Full: 6 Baths - 1/2: 2 Year Built: 1989

Remarks & Misc

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 Public Remarks: 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 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 $50,000 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!

Atchd/Dtchd Type

Detached: 1

Style

Traditional: 1

Construction

Block: 1 Frame: 1

Siding

Brick: 1 Wood: 1

Fireplace

Electric: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1 Wall Cooling: 1

Floors

Carpet: 1 Hardwood: 1 Laminate: 1 Tile: 1 Vinyl: 1

Garage/Parking

Garage Spaces: 1 Detached: 1 Garage Door Opener: 1 Main Level: 1 RV Parking: 1

Basement

Crawl Space: 1 Partially Finished: 1 Walkout: 1

Lot Description

Rolling Slope: 1 Wooded: 1

Fuel

Electric: 1

View

Mountain View: 1 Wooded: 1

Heat

Central: 1

Dining Area

Breakfast Bar: 1 Breakfast Room: 1 Eat-in Kitchen: 1 Formal Dining Area: 1 Kitchen/Dining Rm Co: 1

Appliances

Dishwasher: 1 Gas Grill: 1 Microwave: 1 Range: 1 Refrigerator: 1

Other Rooms

2nd Rec Room: 1 Addl Living Quarter: 1 Basement Rec Room: 1 Bedroom Main Level: 1 Breakfast Room: 1 Den/Study: 1 Extra Storage: 1 Family Room: 1 Great Room: 1 Laundry/Utility: 1 Mstr Bdrm Main Level: 1 Office: 1 Split Bedroom: 1 Workshop: 1

Exterior Features

Deck: 1 Doors - Storm: 1 Patio: 1 Pool - Swim (Ingrnd): 1 Porch - Covered: 1 Porch - Screened: 1 Windows - Insulated: 1

Misc Features

Cathedral Ceiling(s): 1 Hot Tub: 1 Internet Available: 1 Kitchen Island: 1 Pantry: 1 Walk-in Shower: 1 Walk-In Closet(s): 1 Washer/Dryer Connect: 1

Sewer

Septic Tank: 1

Water

Public: 1

Outbuildings

Storage Shed: 1

New Financing

Cash: 1 Conventional: 1 Exchange: 1 FHA: 1 USDA/Rural: 1 VA Loan: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 174 Street Name: Lance St Suffix: Lane State/Province: TN Zip Code: 37766 PIN #: 077P A 019.00 000 Subdivision: Esco Morton Geo Lat: 36.396193 Geo Lon: -84.048386

Status Change Info

Status Change Date: 2025-03-13

Property Features

Style: Traditional Construction: Block; Frame Siding: Brick; Wood Basement: Crawl Space; Partially Finished; Walkout Lot Description: Rolling Slope; Wooded View: Mountain View; Wooded Fireplace: Electric Floors: Carpet; Hardwood; Laminate; Tile; Vinyl Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling; Wall Cooling Appliances: Dishwasher; Gas Grill; Microwave; Range; Refrigerator Sewer: Septic Tank Water: Public Other Rooms: 2nd Rec Room; Addl Living Quarter; Basement Rec Room; Bedroom Main Level; Breakfast Room; Den/Study; Extra Storage; Family Room; Great Room; Laundry/Utility; Mstr Bdrm Main Level; Office; Split Bedroom; Workshop Misc Features: Cathedral Ceiling(s); Hot Tub; Internet Available; Kitchen Island; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect Exterior Features: Deck; Doors - Storm; Patio; Pool - Swim (Ingrnd); Porch - Covered; Porch - Screened; Windows - Insulated Outbuildings: Storage Shed Dining Area: Breakfast Bar; Breakfast Room; Eat-in Kitchen; Formal Dining Area; Kitchen/Dining Rm Co Showing: See Agent Instructns New Financing: Cash; Conventional; Exchange; FHA; USDA/Rural; VA Loan
Listing Office: Keller Williams Realty
IDX
Office Phone: 865-694-5904
Last Updated: December - 03 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, 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.