509 Taylor Rd
Knoxville, TN 37920 · Sherwood Forest · Knox County
$378,000
$8,000 price cut · Oct 17
- Beds
- 4
- Baths
- 2
- Sq ft
- 1,994
- Acres
- 0.62
- Built
- 1950
Listing courtesy of Intempus Parent Co, Inc. · MLS #1339329
Description
Two living spaces in one beautifully updated move-in ready home! This unique property features a walkout basement with a private entrance facing the driveway, offering a cool, modern living space, while the upper level showcases a charming French cottage style with its own main entrance. Both levels are connected through an interior staircase and have doors that can be locked off from one another.
Renovated in 2022, the home includes major upgrades such as new footer drains, professional landscaping and hardscaping, a retaining wall, and a large asphalt driveway. Both levels feature thoughtfully designed kitchens with tile backsplashes, while the main kitchen includes granite countertops. The primary bathroom has been fully updated with tiled walls and a glass shower door.
Additional upgrades include refinished oak hardwood floors on the main level, luxury vinyl flooring in the basement, vinyl windows, and premium custom 2.5' vinyl blinds throughout. Each floor is equipped with its own electric HVAC system for optimal comfort.
An unfinished basement area, accessible from both levels, provides a dedicated laundry space and ample storage. The home also offers abundant closet space, a large, detached shed on a concrete slab, and a 50-amp RV/EV hookup conveniently located by the driveway.
Previously operating as a mid-term rental generating $3700 per month (including utilities, furnishings, and internet). This property presents a fantastic opportunity for investors at a 7% cap rate or for owner-occupants--live on one level and rent the other, rent both spaces, or occupy it as a single-family residence.
Notes: Home was previously owner-occupied for two years prior to rental use. Pictures were taken when home was fully furnished. Home is vacant and move-in ready.
Details
Home
- Type
- Residential · Single Family Residence
- Style
- Basement Ranch
- Year built
- 1950
- Living area
- 1,994 sq ft
- Bedrooms
- 4
- Bathrooms
- 2 full
- Basement
- Partially Finished, Plumbed
- Parking
- Off Street, RV Access/Parking
Interior
- Rooms
- Addl Living Quarter, Bedroom Main Level, Laundry/Utility, Extra Storage, Mstr Bdrm Main Level
- Flooring
- Hardwood, Luxury Vinyl Plank
- Appliances
- Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven
- Features
- Eat-in Kitchen, Pantry
- Also
- Washer/Dryer Connect, Pantry, Internet Available, Wired for Internet
Exterior
- Construction
- Brick, Frame, Vinyl Siding, Stucco
- Architecture
- Cottage
- Other structures
- Storage
Land
- Lot size
- 0.62 acres
- Lot
- Rolling Slope, Irregular Lot
- Deed restrictions
- None
- Permitted use
- Permanent residence
Utilities
- Water
- Public
- Sewer
- Public sewer
- Heating
- Heat Pump, Zoned, Electric
Listing
- MLS #
- 1339329
- Status
- Contingent
- On market
- 77 days
- Listed
- Aug 12, 2026
Finances
- Property tax
- City + county
- Inside city limits
- HOA
- None
- No association dues
- Price per sq ft
- $190
- 1,994 sq ft
Price history
- Oct 17, 2026
- Price cut
- $378,000 −$8,000
- Before
- Listed
- $386,000
Accepted
- Cash
- VA Loan
- Conventional
- FHA
- New Loan
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Location
- Neighborhood
- Sherwood Forest
- County
- Knox
- ZIP
- 37920
Drive times
- downtown Knoxville 15 min
- UT Medical Center 15 min
- McGhee Tyson Airport 25 min
- Maryville 30 min
- Pellissippi State 30 min
- Turkey Creek 30 min
- Douglas Lake 45 min
- Lenoir City 45 min
- Sevierville 45 min
- LaFollette 60 min
- Morristown 60 min
- ORNL 60 min
- Pigeon Forge 60 min
- Tellico Lake 60 min
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Listing courtesy of Intempus Parent Co, Inc.. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates, (865) 983-0011. MLS # 1339329.