602 Watauga Ave, Knoxville, Tennessee 37917

TN, Knoxville
$329,000 $430,000
  • Under Contract Status
  • Day 10 Under Contract Contract accepted - open contingencies
  • Residential Property Type
  • 3 Beds Total Bedrooms
  • 2 Baths Full + Half Bathrooms
  • 1600 Total Sqft $206/sqft
  • 0.16 Acres Lot/Land Size
  • 1899 Year Built
  • Mortgage Wizard 3000 Advanced Breakdown
Property Description

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

Property Details
  • Property Type: Residential
  • Listing Type: For Sale
  • MLS #: 3218251
  • Price: $329,000
  • Full Bathrooms: 2
  • Square Footage: 1,600 Sqft
  • Year Built: 1899
  • Lot Area: 0.16 Acre
  • Office Name: INNOVATE Real Estate
  • Agent Name: Brenda Brewster
  • Property Sub Type: Single Family Residence
  • Listing Status: Active Under Contract
Location Info
  • Street Number: 602
  • Street: Watauga Ave
  • City Knoxville
  • State TN
  • Zipcode 37917
  • County Knox County, TN
  • Subdivision Lincoln Park
  • Longitude: W84° 3' 46.4''
  • Latitude: N36° 0' 6.5''
  • Directions: I-40 to 275 North; Take Exit 2 for Heiskell Avenue; Turn right onto Heiskell Avenue; Veer right traffic light on Central Ave; Turn left Atlantic Ave; Turn left on Pershing Street; Turn right onto Chickamauga Avenue; Take an immediate left on Hanover Street; Home on the corner Hanover and Watauga Ave.
Features
  • Heating System Heat Pump, Electric
  • Cooling System Central Air, Ceiling Fan(s)
  • Basement Other
  • Patio Deck
  • Utilities Electricity Available, Water Available
  • Architectural Style Other
  • Carport Spaces 1
  • Flooring Laminate, Wood, Carpet
  • Interior Features Pantry, Ceiling Fan(s)
  • Laundry Features Electric Dryer Hookup, Washer Hookup
  • Sewer Public Sewer
Appliances
  • Range
  • Refrigerator
Schools
  • Middle School: Whittle Springs Middle School
  • High School: Fulton High School
Additional Info
  • Water Source: Public
  • Building Size: 1,600 Sqft
  • Construction Materials: Other, Brick, Frame
  • Foundation Details: Slab
  • Levels: One
  • Lot Features: Level, Corner Lot, Rolling Slope, Other
  • Lot Size Dimensions: 50 x 145
  • On Market Date: May 22nd, 2026
  • Previous Price: $430,000
  • Stories: 1
Financial
  • Annual Tax Amount: $1,337
Listing Data
  • Mls Status: Under Contract - Showing
  • Originating System Name: RealTracs
  • Special Listing Conditions: Standard
  • Modification Timestamp: Jul 8th, 2026 @ 7:01pm
  • Status Change Timestamp: Jul 8th, 2026 @ 6:58pm
mls grid

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