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174 Lance Lane, 
Lafollette, TN 37766

$714,900


6

Beds


8

Baths


4,993

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Brandi Crass

Keller Williams Realty

Last updated:

July 25, 2025, 09:06 PM

MLS#

1293086

Source:

TN KAAR

About This Home

174 Lance Lane

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 $35,000 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!

Home Facts

Single Family

8 Baths

6 Bedrooms

Built in 1989

Price Summary

714,900

$143 per Sq. Ft.

MLS #:

1293086

Last Updated:

July 25, 2025, 09:06 PM

Added:

4 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

6

Interior

Living Area:

4,993 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

4,993 Sq. Ft.

Year Built:

1989


Lot

Lot Size (Sq. Ft):

87,120


Finances & Disclosures

Finances

Price:

$714,900

Price per Sq. Ft:

$143 per Sq. Ft.

Source:TN KAAR
The information being provided by Knoxville Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Knoxville Area Association of REALTORS All rights reserved.

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