$715,000

174 Lance Ln Lafollette, TN 37766

$8,491
Closing credit¹
6 beds
6 full, 2 partial
4,993 sqft
2.0 acres
$143 / sqft
House

Property details

About 174 Lance Ln

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!

Highlights

Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingWall/Window Unit(s), Central Air, Ceiling Fan(s)
Size4,993 sqft
BasementYes
Lot size2 Acres
Year built1989
ParkingGarage Door Opener, Detached, RV Parking, Main Level
MLS #1293086
Garage1 space
FireplaceElectric
ViewMountain(s), Trees/Woods

Summary

  • MLS Number: 1293086
  • MLS Name: East Tennessee REALTORS® MLS
  • Office Name: Keller Williams Realty
  • Office Phone: (865) 694-5904
  • Office Email: kentleadbetter@gmail.com

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, 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.

Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 11:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house featuring an outbuilding, a front yard, covered porch, a shingled roof, and a detached garage

$715,000

174 Lance Ln

$8,491

closing credit¹

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0.5% sale price²

Price information

Property sales

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Tax history

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Nearby schools

6

Valley View Elementary School

Public District PK-5

1.9 mi

1187 Old Middlesboro Hwy

4

LaFollette Elementary School

Public District PK-5

2.9 mi

195 Myers Ln

7

Jacksboro Elementary School

Public District PK-6

8.7 mi

164 Jacksboro Elem School Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $32,879. The most common annual income of people living in Lafollette, TN is less than $<35k. Typical family type is married, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

51%
<35k
44%
35k-100k
5%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

25%
Single, No Kids
8%
Single, with Kids
40%
Married, No Kids
27%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
8%
12-17 yrs old
16%
18-34 yrs old
43%
35-64 yrs old
18%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • Monster TrucksMonster Trucks
  • HuntingHunting

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Wal-MartWal-Mart
  • Academy Sports & OutdoorsAcademy Sports & Outdoors

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Jimmy JohnsJimmy Johns
  • ApplebeesApplebees

What do the neighbors drive?

  • GMCGMC
  • ChevroletChevrolet
  • RamRam

What do the neighbors listen to?

  • Classic CountryClassic Country
  • CountryCountry
  • New CountryNew Country
All data provided by Home Junction and Claritas

Frequently asked questions

About 174 Lance Ln

This home is located at 174 Lance Ln in Lafollette, TN and zip code 37766 in the Esco Morton neighborhood. This 4,993 square foot home, which was built in 1989, sits on a 2.00 acre lot. Features: 6 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 12, 2025 and is currently priced at $715,000.

In February 2025, from all listings sold in Lafollette, TN there were more than 3 sold above asking price, over 16 sold below and more than 3 were sold right at the asked price. The number of listings in Lafollette, TN increased by 19% between January and February 2025. The median list price of listings available in February 2025 was $255,000, while the average time on the real estate market was 65 days.

From Rocket Homes Real Estate and based on county public records data.

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