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Active 476 days on market

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

Instant pre-approval

Get pre-approved before you tour.

Answer a few quick questions about your income and expenses by phone, and get pre-approved on the spot.

  • Takes 3 minutes
  • No credit pull
  • Fully automated
  • Available 24/7
Call (865) 535-7119
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
Approximate, by road

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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.