$400,000

602 Watauga Ave, Knoxville, TN 37917

North Knoxville · Knoxville, TN 37917 · Knox County

40 days on market · MLS# 1341972

Home Facts

Features

About This Property

NEW PRICE - $329,000 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.

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