602 Watauga Ave, Knoxville, TN 37917

$329,000
  • 602 Watauga Ave, Knoxville, TN 37917 Main Photo

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Active Price Reduced by $71,000 on July 1st, 2026
BEDS3 BATHS2 full SQUARE FEET1,600 MLS#1341972
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONLincoln Park

Property Description

NEW PRICE - $329,000VALUE 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 livingBONUS VALUEDetached 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 throughoutPROPERTY 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 completedThe next owner can enjoy these improvements without taking on the cost, disruption, and time required to complete them today.

602 Watauga Ave | MLS# 1341972

This single family home located at 602 Watauga Ave, Knoxville, TN 37917 is currently listed for sale with an asking price of $329,000. This property was built in 1899 and has 3 bedrooms and 2 full baths with 1600 sq. ft. Watauga Ave is located in the Lincoln Park subdivision. Search Lincoln Park real estate on tfranklin.franklinrealty.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Cooling, Ceiling Fan(s)
Fuel Type: Electric
Heating: Heat Pump, Electric
Home Style: Historic
Lot Size: 0.16 Acres
Year Built: 1899

Amenities

Pantry
Prof Landscaped

Feature Descriptions

Appliances: Range, Refrigerator
Days on Site: 42
Exterior: Wood Siding, Brick, Frame
Fireplace: Masonry
Flooring: Laminate, Carpet, Hardwood
Lot: Corner Lot, Irregular Lot, Level, Rolling Slope
Lot Dimensions: 50 x 145
Parcel #: 069NF031
Parking: None, Carport, Main Level
Security Features: Security Alarm, Smoke Detector
Sewer: Public Sewer
SQFT Total: 1600
Water: Public

Local Schools

High School: Fulton
Middle School: Whittle Springs

Listed By / Shown By

Listed By

Agency Name: INNOVATE Real Estate

Shown By

Agent Name: Tammy Franklin
Agent Phone: (865) 654-1110
Agency Title: Franklin Realty Inc.

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Estimated Payment

$ 2,113.08 per month $2,017.12 Principal & Interest $0.00 Property Tax (data not provided by mls) $95.96 Homeowner's Insurance

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