197 Wedgewood Ln Spring City, TN 37381
Property details
About 197 Wedgewood Ln
Unique Investment Opportunity in the Heart of Spring City! Discover the potential of this versatile property featuring 3 separate units on 1.5 private acres, just minutes from the heart of Spring City! Whether you're looking for rental income, a multi-generational family compound, or both, this property is full of possibilities. Unit 1 offers 3,000 sq. ft. of living space, showcasing an open-concept main floor with new flooring, new shower, new staircase, new windows, and a new back door. The home is now equipped with central HVAC, adding year-round comfort. Upstairs you'll find 2 spacious bedrooms and a full bath. The downstairs level includes a bedroom, a bathroom, and two additional rooms perfect for game rooms, offices, or storage. The lower level is ready for your finishing touches — with some materials already on-site — and opens to a fenced backyard. Unit 2, an attached efficiency or mother-in-law suite with its own separate address, features a full bath with new vanity, toilet, and windows, providing a private, self-contained living space ideal for guests or additional rental income. Unit 3 is a detached home with two bedrooms, one full bath, an open-concept living room, kitchen, and dining area, plus a full walkout basement. Updates include new windows, giving it a fresh and inviting feel. Tucked away yet conveniently located, these homes offer privacy, flexibility, and potential. Perfect as income-producing rentals, a family retreat, or a combination of both — this property is truly one of a kind! Don't miss your chance to make this unique property yours. Call today to schedule your showing!
Highlights
Summary
- Flooring Type: Carpet, Laminate, Tile
- Attached Garage: No
- Private Pool: No
- Heating: Central, Electric, Natural Gas
- Cooling: Central Air
- List Price: $475,000
- Price/SqFt: $105
- Annual Tax Amount: $570
- Tax Year: 2022
- Directions: 75 South To exit 368, then 68 to Spring City, take exit 60 north to Spring City, go 11 miles and turn right onto Wedgewood Lane and property is on the left. Sign on the property.
- Year Built: 1982
- Living Area: 4,520 SqFt
- MLS Number: 2931920
- MLS Name: REALTRAC
- Office Name: Wallace-Jennifer Scates Group
- Office Phone: (865) 474-9874
- Listing Agent: Jennifer Scates
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
DMCA Notice
© 2025 of the REALTRACS MLS. All rights Reserved.
The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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.
Based on information submitted to the MLS GRID as of date and time noted below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 12:48:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 15, 2020 | Home Sold | $118,000 |
| Jul 01, 2019 | Home Sold | $80,000 |
| Aug 12, 1994 | Home Sold | $125,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $25,300 | $- |
| 2022 | $25,300 | $570 |
| 2021 | $25,300 | $570 |
| 2020 | $25,300 | $570 |
History based on county public records data.
Nearby schools
6
Spring City Elementary School
Public District PK-5
3.0 mi
•270 E Jackson Ave
6
Meigs North Elementary School
Public District PK-5
9.1 mi
•22015 State Highway 58 N
7
Frazier Elementary School
Public District KG-5
12.0 mi
•3900 Double S Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,934. Typical income of Spring City, TN residents is between $35k-100k annually. Most families are married, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Wal-Mart
Dick's Sporting Goods
Where do the neighbors go to eat?
Cracker Barrel
Hardee's
Texas Roadhouse
What do the neighbors drive?
Cadillac
Ram
Subaru
What do the neighbors listen to?
News/Talk/Information
Classic Country
New Country
Frequently asked questions
About 197 Wedgewood Ln
The listing price of 197 Wedgewood Ln property is $475,000.
The property 197 Wedgewood Ln is a house located in Spring City, Tennessee, 37381.
Active Listing: 197 Wedgewood Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 197 Wedgewood Ln are: Spring City Elementary School (GreatSchools Rating 6/10), Meigs North Elementary School (GreatSchools Rating 6/10), Frazier Elementary School (GreatSchools Rating 7/10), Spring City Middle School (GreatSchools Rating 5/10), Rhea Middle School (GreatSchools Rating 4/10), Meigs Middle School (GreatSchools Rating 6/10), Rhea County High School (GreatSchools Rating 5/10), Meigs County High School (GreatSchools Rating 6/10), Rockwood High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2022 is $570 (source: MLS/based on county public records data).
The last sale was on June 15, 2020 for $118,000 (source: MLS/tax record).
The property at 197 Wedgewood Ln has 0 bathroom.
The property 197 Wedgewood Ln is 4,520 SqFt (source: MLS/tax record).
The year of construction for 197 Wedgewood Ln is 1982.
This home is located at 197 Wedgewood Ln in Spring City, TN and zip code 37381. This 4,520 square foot home was built in 1982. Features: 0 bathroom. It has been listed on Rocket Homes since July 9, 2025 and is currently priced at $475,000.
In June 2025 more than 2 listings in Spring City, TN were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 12 were sold below. The number of homes for sale in Spring City, TN increased by 4% between May and June 2025. In June 2025, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $289,900.