3168 W Gallaher Ferry Rd, Knoxville, TN 37932

$1,975,000
Property Type: Single Family Bedrooms: 5 Square Footage: 5,750 Lot Size (sq. ft.): 460,865 Status: Closed
Current Price: $1,975,000 List Date: 8/21/2023 Last Modified: 8/24/2025

Description

Priced below recent appraisal and owner is still offering financing as low as 4.8%. This Private, Gated, Architect-Designed Multigenerational Country Lakefront Estate is offered below comparables as the remodeling continues. The price will increase as the major projects are completed such as windows, doors and a new master suite on the main level. A list of improvements since acquisition includes: 2000ft of concrete driveway with large turn-arounds at the road, the workshop, and at the lakeside, a full-function communicating front gate, septic upgrade from 3-bedroom home to 6-bedroom home, 900-sqft woodworking shop with its own septic, which can be used as a anything from a recreation building to a stunning space to store and display collections, full-gut remodel of the 1100-sqft Master Retreat was completed in 2023. It includes 360-degree windows for fresh air, heated natural stone marble floors, showers and shelving spaces, a 400-sqft covered wrap-around 2nd story balcony with French entry doors in both the bathroom and in the bedroom, and a 400-sqft private loft study. The HVAC was gutted and replaced with two 5-ton Waterfurnace Series 7 geothermal heat pumps in 2022. A 750-sqft poured concrete basement was added in 2022 to serve the second geothermal unit and the solar mechanical equipment. This structure features a full bathroom, 450-sqft of rough shelved storage, and 300-sqft safe room/vault space. Finally, the solar installation, which handles all of the property's electrical needs: The installation provides as much as $4,500 of free electricity. For those not interested in solar power, the fully off-grid system can be abandoned with the switch of a circuit breaker, as municipal power from LCUB is maintained on the property. An automatic transfer switch will flip the electricity seamlessly from Solar to LCUB as desired. The system has been in operation since 2017 with a battery installation in 2019. All components benefit from a 10-year manufacturer's warranty, and are managed for a cost by Lloyd's Electric, the MSA's premier commercial/industrial electrical contractor. The space is complete and lived-in as it is, and it is lovely. It features a full gut remodel of the main kitchen in 2014, which includes oversized cabinets, Wolf/Sub Zero appliances, and an open, yet intimate floorplan. All of the bathrooms were fully remodeled in 2023, which included all new plumbing, fixtures, and natural stone marble shower surrounds, floors, and vanity tops. The ongoing construction includes: Planning and construction of a master retreat on the main floor, scheduling and planning replacement of all windows and doors, a bathroom installation at lakeside, and removal of the EIFS stucco to be replaced by brick. Hundreds of smaller projects have been completed over the last year. Yet, the remaining projects are significant, and they are ongoing. As the projects progress to completion, their cost will be incorporated into the listed price of the property. As it stands, significant discounts were applied to the listing price to accommodate the end user that might want to save money on their next home purchase in exchange for doing the work at their own convenience.

More Information MLS# 1237218

Contract Info

Auction Y/N: No Occupancy: Either Listing Price: 2394000 Current Price: $1,975,000 Status: Closed Listing Date: 2023-08-21

Location, Tax & Legal Info

Area: Knox County - 1 Property Sub-Type: Residential City/County Code: County Elementary School: Hardin Valley Middle School: Hardin Valley Total Tax: 5096 High School: Hardin Valley Academy

General Property Description

Type: 2 Story Basement # Bedrooms: 5 Acres: 10.58 Acre Source: Tax Records # of Rooms: 14 Restrictions: No Site Built: Yes Fireplace: Yes Property Status: N/A SqFt - Main Lvl: 1754 SqFt - Down Lvl: 2255 SqFt - 2nd Flr Lvl: 1643 SqFt - 3rd Flr Lvl: 98 # Fireplace: 2 HOA: No Basement: Yes Bonus Room: Yes Extra Storage: Yes SqFt - Total (Aprox): 5750 Baths - Full: 5 Baths - 1/2: 1 Year Built: 1998

Remarks & Misc

Directions: Gated property. From Knoxville: Take I-40 West to exit 376 toward Oak Ridge. Merge onto TN-162 N for 2.4 miles. Take the Hardin Valley Rd exit on the right. Turn left onto Hardin Valley Rd. Go 4.2 miles and turn left onto Hickory Creek Rd. In 0.7 miles, turn right onto W Gallaher Ferry Rd. Gated entrance will be on the right in 2.6 miles. Public Remarks: Priced below recent appraisal and owner is still offering financing as low as 4.8%. This Private, Gated, Architect-Designed Multigenerational Country Lakefront Estate is offered below comparables as the remodeling continues. The price will increase as the major projects are completed such as windows, doors and a new master suite on the main level. A list of improvements since acquisition includes: 2000ft of concrete driveway with large turn-arounds at the road, the workshop, and at the lakeside, a full-function communicating front gate, septic upgrade from 3-bedroom home to 6-bedroom home, 900-sqft woodworking shop with its own septic, which can be used as a anything from a recreation building to a stunning space to store and display collections, full-gut remodel of the 1100-sqft Master Retreat was completed in 2023. It includes 360-degree windows for fresh air, heated natural stone marble floors, showers and shelving spaces, a 400-sqft covered wrap-around 2nd story balcony with French entry doors in both the bathroom and in the bedroom, and a 400-sqft private loft study. The HVAC was gutted and replaced with two 5-ton Waterfurnace Series 7 geothermal heat pumps in 2022. A 750-sqft poured concrete basement was added in 2022 to serve the second geothermal unit and the solar mechanical equipment. This structure features a full bathroom, 450-sqft of rough shelved storage, and 300-sqft safe room/vault space. Finally, the solar installation, which handles all of the property's electrical needs: The installation provides as much as $4,500 of free electricity. For those not interested in solar power, the fully off-grid system can be abandoned with the switch of a circuit breaker, as municipal power from LCUB is maintained on the property. An automatic transfer switch will flip the electricity seamlessly from Solar to LCUB as desired. The system has been in operation since 2017 with a battery installation in 2019. All components benefit from a 10-year manufacturer's warranty, and are managed for a cost by Lloyd's Electric, the MSA's premier commercial/industrial electrical contractor. The space is complete and lived-in as it is, and it is lovely. It features a full gut remodel of the main kitchen in 2014, which includes oversized cabinets, Wolf/Sub Zero appliances, and an open, yet intimate floorplan. All of the bathrooms were fully remodeled in 2023, which included all new plumbing, fixtures, and natural stone marble shower surrounds, floors, and vanity tops. The ongoing construction includes: Planning and construction of a master retreat on the main floor, scheduling and planning replacement of all windows and doors, a bathroom installation at lakeside, and removal of the EIFS stucco to be replaced by brick. Hundreds of smaller projects have been completed over the last year. Yet, the remaining projects are significant, and they are ongoing. As the projects progress to completion, their cost will be incorporated into the listed price of the property. As it stands, significant discounts were applied to the listing price to accommodate the end user that might want to save money on their next home purchase in exchange for doing the work at their own convenience.

Atchd/Dtchd Type

Detached: 1

Style

Contemporary: 1 Solar: 1

Construction

Block: 1 Frame: 1

Siding

Synthetic Stucco: 1

Fireplace

Gas: 1

Cooling

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

Floors

Hardwood: 1 Marble: 1 Radiant Floors: 1 Tile: 1 Other: 1

Garage/Parking

Garage Spaces: 3 Attached: 1 Garage Door Opener: 1 Main Level: 1 Side/Rear Entry: 1

Basement

Finished: 1 Walkout: 1

Lot Description

Current Dock Permit on File: 1 Lake/Water Access: 1 Pond: 1 Private: 1 Waterfront: 1 Wooded: 1

Fuel

Active Solar: 1 Electric: 1 Propane: 1

View

Lake View: 1 Seasonal Lake View: 1 Wooded: 1

Heat

Central: 1 Geo Heat (Closed Lp): 1 Heat Pump: 1 Zoned: 1

Dining Area

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

Appliances

Central Vacuum: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Gas Grill: 1 Gas Stove: 1 Intercom: 1 Microwave: 1 Refrigerator: 1 Security Alarm: 1 Self Cleaning Oven: 1 Smoke Detector: 1 Tankless Water Heater: 1 Trash Compactor: 1 Washer: 1

Other Rooms

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

Exterior Features

Balcony: 1 Deck: 1 Dock: 1 Doors - Energy Star: 1 Patio: 1 Porch - Covered: 1 Prof Landscaped: 1 Windows - Insulated: 1 Windows - Vinyl: 1 Windows - Wood: 1

Misc Features

Cathedral Ceiling(s): 1 Internet Available: 1 Kitchen Island: 1 Pantry: 1 Storm Shelter: 1 Walk-in Shower: 1 Walk-In Closet(s): 1 Washer/Dryer Connect: 1 Wet Bar: 1 Wired for Internet: 1

Sewer

Septic Tank: 1

Water

Well: 1

Outbuildings

Boat - House: 1 Detached Workshop: 1 Storage Shed: 1

New Financing

Cash: 1 Conventional: 1 Owner Will Carry: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 3168 St Dir: W Street Name: Gallaher Ferry St Suffix: Rd State/Province: TN Zip Code: 37932 PIN #: 115 015 Geo Lat: 35.931801 Geo Lon: -84.251877

Status Change Info

Status Change Date: 2024-04-04 Under Contract Date: 2024-03-05 Sold Date: 2024-04-04 Sold Price: $1,975,000

Property Features

Style: Contemporary; Solar Construction: Block; Frame Siding: Synthetic Stucco Basement: Finished; Walkout Lot Description: Current Dock Permit on File; Lake/Water Access; Pond; Private; Waterfront; Wooded View: Lake View; Seasonal Lake View; Wooded Fireplace: Gas Floors: Hardwood; Marble; Radiant Floors; Tile; Other Fuel: Active Solar; Electric; Propane Heat: Central; Geo Heat (Closed Lp); Heat Pump; Zoned Cooling: Ceiling Fan(s); Central Cooling; Zoned Appliances: Central Vacuum; Dishwasher; Disposal; Dryer; Gas Grill; Gas Stove; Intercom; Microwave; Refrigerator; Security Alarm; Self Cleaning Oven; Smoke Detector; Tankless Water Heater; Trash Compactor; Washer Sewer: Septic Tank Water: Well Other Rooms: 2nd Rec Room; Addl Living Quarter; Basement Rec Room; Breakfast Room; Den/Study; Extra Storage; Family Room; Great Room; Laundry/Utility; Office; Split Bedroom; Workshop Misc Features: Cathedral Ceiling(s); Internet Available; Kitchen Island; Pantry; Storm Shelter; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wet Bar; Wired for Internet Exterior Features: Balcony; Deck; Dock; Doors - Energy Star; Patio; Porch - Covered; Prof Landscaped; Windows - Insulated; Windows - Vinyl; Windows - Wood Outbuildings: Boat - House; Detached Workshop; Storage Shed Dining Area: Breakfast Bar; Breakfast Room; Eat-in Kitchen; Formal Dining Area Showing: See Agent Instructns New Financing: Cash; Conventional; Owner Will Carry

Room Information

Living Room Kitchen Dining Room Eat In Breakfast Area Keeping Room Garage Master Bedroom Bathroom Other Bedroom 2 Bedroom 3 Bedroom 4 Bedroom 5 Rec Room Other Other
Listing Office: Alliance Sotheby's International
Office Phone: 865-357-3232
Last Updated: August - 24 - 2025
3168 W Gallaher Ferry Rd, Knoxville, TN 37932- MLS# 1237218
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.