602 Watauga Ave Knoxville, TN 37917
3 Beds
2 Baths
1,600 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $205
Subdivision Lincoln Park
MLS Listing ID 1341972
Style Historic
Bedrooms 3
Full Baths 2
Year Built 1899
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50 x 145
Property Sub-Type Single Family Residence
Source East Tennessee REALTORS® MLS
Property Description
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
State TN
County Knox County - 1
Area 0.16
Rooms
Other Rooms Sunroom, Bedroom Main Level, Extra Storage, Mstr Bedroom Main Level
Basement Plumbed, Slab
Dining Room Formal Dining Area
Interior
Interior Features Pantry
Heating Heat Pump, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Laminate, Carpet, Hardwood
Fireplaces Type Masonry
Fireplace No
Window Features Windows - Wood,Drapes
Appliance Range, Refrigerator
Heat Source Heat Pump, Electric
Exterior
Exterior Feature Prof Landscaped
Parking Features None, Carport, Main Level
Carport Spaces 1
Garage Description Carport, Main Level
Garage No
Building
Lot Description Corner Lot, Irregular Lot, Level, Rolling Slope
Faces I-40 to 275 North; Take Exit 2 for Heiskell Avenue; Turn right onto Heiskell Avenue; Veer right traffic light on Central Ave; Turn left Atlantic Ave; Turn left on Pershing Street; Turn right onto Chickamauga Avenue; Take an immediate left on Hanover Street; Home on the corner Hanover and Watauga Ave.
Sewer Public Sewer
Water Public
Architectural Style Historic
Structure Type Wood Siding,Brick,Frame
Schools
Middle Schools Whittle Springs
High Schools Fulton
Others
Restrictions No
Tax ID 069NF031
Security Features Security Alarm,Smoke Detector
Energy Description Electric
Acceptable Financing Other, Cash, Conventional
Listing Terms Other, Cash, Conventional