197 Wedgewood Lane
Spring City, TN 37381 · Rhea County
$425,000
- Sq ft
- 4,520
- Built
- 1982
Listing courtesy of Wallace Jennifer Scates Group · MLS #1307644
Description
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!
Details
Home
- Type
- Residential Income
- Year built
- 1982
- Living area
- 4,520 sq ft
- Parking
- On Premise Parking
Interior
- Rooms
- Family Room, Basement Rec Room, Bedroom Main Level, Split Bedroom, Separate Dining Room, Mstr Bdrm Main Level
- Flooring
- Carpet, Laminate, Tile
- Appliances
- Refrigerator, Range
- Features
- Kitchen Island, Pantry, Walk-In Closet(s)
- Also
- Kitchen Island, Pantry, Walk-in Shower, Washer/Dryer Connect, Walk-In Closet(s), Internet Available
Exterior
- Construction
- Frame
- Porch & patio
- Patio, Porch - Covered
- Fencing
- Fenced Yard
Land
- Deed restrictions
- None
Utilities
- Heating
- Central, Electric, Natural Gas
Listing
- MLS #
- 1307644
- Status
- Active
- On market
- 476 days
- Listed
- Jul 9, 2025
Finances
- Property tax
- County only
- Outside city limits
- HOA
- None
- No association dues
- Price per sq ft
- $94
- 4,520 sq ft
Price history
- Jul 9, 2025
- Listed
- $425,000
Accepted
- Cash
- Conventional
- FHA
- New Loan
- VA Loan
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- No credit pull
- Fully automated
- Available 24/7
Location
- County
- Rhea
- ZIP
- 37381
Drive times
- Watts Bar Lake 25 min
- Athens 45 min
- Crossville 45 min
- Cleveland 60 min
- Lenoir City 60 min
- Tellico Lake 60 min
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Listing courtesy of Wallace Jennifer Scates Group. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1307644.