507 Tipton Ave, Knoxville, TN 37920 (MLS# 1343560)

507 Tipton Ave, Knoxville, TN 37920

New

$299,900

Property Type: Single Family Bedrooms: 3 Square Footage: 1,340 Lot Size (sq. ft.): 8,146 Status: Pending - Continue to Show - Inspection

Current Price: $299,900 List Date: 6/05/2026 Last Modified: 6/09/2026

Overview

Description

Opportunities like 507 Tipton Ave in South Knoxville don't come along often--a well-maintained three-bedroom home just minutes from the University of Tennessee and downtown Knoxville that offers exceptional flexibility for homeowners, students, and investors alike. Perfect for first-time buyers ready to stop paying rent and start building equity, investors looking to expand their rental portfolio, or University of Tennessee parents seeking a smart housing solution for their student, this property offers endless possibilities. The three-bedroom layout provides an ideal setup for roommates to help offset housing expenses while allowing everyone the privacy of their own bedroom. With its convenient location, functional floor plan, and broad appeal, this adorable South Knoxville home is full of opportunity. Built in 1960, this ranch-style home offers 1,340 square feet of living space, including the walk-out basement level. Original hardwood floors add warmth and character throughout muc ... (Read more) Opportunities like 507 Tipton Ave in South Knoxville don't come along often--a well-maintained three-bedroom home just minutes from the University of Tennessee and downtown Knoxville that offers exceptional flexibility for homeowners, students, and investors alike. Perfect for first-time buyers ready to stop paying rent and start building equity, investors looking to expand their rental portfolio, or University of Tennessee parents seeking a smart housing solution for their student, this property offers endless possibilities. The three-bedroom layout provides an ideal setup for roommates to help offset housing expenses while allowing everyone the privacy of their own bedroom. With its convenient location, functional floor plan, and broad appeal, this adorable South Knoxville home is full of opportunity. Built in 1960, this ranch-style home offers 1,340 square feet of living space, including the walk-out basement level. Original hardwood floors add warmth and character throughout much of the home, while several important updates provide peace of mind, including replacement windows, an updated electrical panel, and an updated bathroom. The kitchen offers ample cabinet space and comes fully equipped with all appliances conveying to the new owner, making move-in simple and convenient. Natural light fills the living spaces, creating a warm and welcoming atmosphere throughout the home. The walk-out basement expands the home's functionality, providing flexible bonus space that can be used for a entertaining space, home office/quiet study area, workout area, hobby room, or additional living space. You'll also find a dedicated laundry area, abundant storage, and access to the one-car garage. Outside, the spacious backyard offers plenty of room to relax, entertain, garden, or enjoy time with family and friends. The patio creates the perfect setting for grilling and outdoor gatherings, while ample off-street parking provides convenience for multiple vehicles and guests. Nestled in an established South Knoxville neighborhood, this home offers the charm of a quiet residential setting while remaining just minutes from the University of Tennessee campus, downtown Knoxville, Market Square, local restaurants, shopping, entertainment, and the Urban Wilderness trail system. Whether you're searching for your first home, an investment property, or housing for a UT student, 507 Tipton Ave delivers affordability, flexibility, and location in one attractive package.

Listing Details MLS# 1343560

Location Tax Legal Info

House #: 507
Street Name: Tipton
St Suffix: Ave
State/Province: TN
Zip Code: 37920
PIN #: 109GJ016
Subdivision: M R Bush

Contract Info

Auction Y/N: No
Listing Price: 299900
Occupancy: Either

General Property Description

Type: Basement Ranch
Lot Dimensions: 70x125x76x117
Lot Size SqFt: 8146
Acres: 0.18
Acre Source: Tax Records
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 1340
SqFt - Main Lvl: 960
SqFt - Down Lvl: 380
# Bedrooms: 3
Baths - Full: Yes
# of Rooms: 6
Fireplace: No
Property Status: N/A
HOA: No
Year Built: 1960
Bonus Room: Yes
Extra Storage: Yes
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
Basement: Yes

Status Change Info

Status Change Date: 2026-06-09
Under Contract Date: 2026-06-09

Location, Tax & Legal Info

Area: Knox County - 1
Property Sub-Type: Residential
City/County Code: City Limits
Elementary School: Dogwood
Middle School: South Doyle
Total Tax: 996.03
High School: South Doyle

Remarks & Misc

Directions: Chapman HWY South from TN River, left on Woodlawn Pike, Left on Ellis, Right on Tipton Ave. Home is on the corner of Dow and Tipton
Public Remarks: Opportunities like 507 Tipton Ave in South Knoxville don't come along often--a well-maintained three-bedroom home just minutes from the University of Tennessee and downtown Knoxville that offers exceptional flexibility for homeowners, students, and investors alike. Perfect for first-time buyers ready to stop paying rent and start building equity, investors looking to expand their rental portfolio, or University of Tennessee parents seeking a smart housing solution for their student, this property offers endless possibilities. The three-bedroom layout provides an ideal setup for roommates to help offset housing expenses while allowing everyone the privacy of their own bedroom. With its convenient location, functional floor plan, and broad appeal, this adorable South Knoxville home is full of opportunity. Built in 1960, this ranch-style home offers 1,340 square feet of living space, including the walk-out basement level. Original hardwood floors add warmth and character throughout much of the home, while several important updates provide peace of mind, including replacement windows, an updated electrical panel, and an updated bathroom. The kitchen offers ample cabinet space and comes fully equipped with all appliances conveying to the new owner, making move-in simple and convenient. Natural light fills the living spaces, creating a warm and welcoming atmosphere throughout the home. The walk-out basement expands the home's functionality, providing flexible bonus space that can be used for a entertaining space, home office/quiet study area, workout area, hobby room, or additional living space. You'll also find a dedicated laundry area, abundant storage, and access to the one-car garage. Outside, the spacious backyard offers plenty of room to relax, entertain, garden, or enjoy time with family and friends. The patio creates the perfect setting for grilling and outdoor gatherings, while ample off-street parking provides convenience for multiple vehicles and guests. Nestled in an established South Knoxville neighborhood, this home offers the charm of a quiet residential setting while remaining just minutes from the University of Tennessee campus, downtown Knoxville, Market Square, local restaurants, shopping, entertainment, and the Urban Wilderness trail system. Whether you're searching for your first home, an investment property, or housing for a UT student, 507 Tipton Ave delivers affordability, flexibility, and location in one attractive package.

More Information

Atchd/Dtchd Type

Detached: Yes

Style

Traditional: Yes

Construction

Block: Yes
Frame: Yes

Siding

Other: Yes

Fireplace

None: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Hardwood: Yes
Laminate: Yes
Tile: Yes

Garage/Parking

Garage Spaces: 1
Basement: Yes
Designated Parking: Yes
Garage Door Opener: Yes
Garage Faces Side: Yes

Basement

Partially Finished: Yes
Walkout: Yes

Lot Description

Corner Lot: Yes
Level: Yes

Fuel

Electric: Yes
Gas (Natural): Yes

View

Other: Yes

Heat

Central: Yes
Heat Pump: Yes

Dining Area

Breakfast Bar: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Smoke Detector: Yes
Washer: Yes

Other Rooms

Basement Rec Room: Yes
Bedroom Main Level: Yes
Extra Storage: Yes
Laundry/Utility: Yes

Exterior Features

Doors - Storm: Yes
Patio: Yes
Windows - Vinyl: Yes

Misc Features

Dry Bar: Yes
Internet Available: Yes
Washer/Dryer Connect: Yes

Sewer

Public Sewer: Yes

Water

Public: Yes

New Financing

Cash: Yes
Conventional: Yes

Showing

See Agent Instructns: Yes

Property Features

Style: Traditional Construction: Block; Frame Siding: Other Basement: Partially Finished; Walkout Lot Description: Corner Lot; Level View: Other Fireplace: None Floors: Hardwood; Laminate; Tile Fuel: Electric; Gas (Natural) Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Smoke Detector; Washer Sewer: Public Sewer Water: Public Other Rooms: Basement Rec Room; Bedroom Main Level; Extra Storage; Laundry/Utility Misc Features: Dry Bar; Internet Available; Washer/Dryer Connect Exterior Features: Doors - Storm; Patio; Windows - Vinyl Dining Area: Breakfast Bar Showing: See Agent Instructns New Financing: Cash; Conventional

IDX

Listing Office: Wallace

Last Updated: June - 09 - 2026

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.