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!
Active
Price cut: $20K (4/23)
$425,000
197 Wedgewood Ln, Spring City, TN 37381
6beds
2baths
4,520sqft
Multi Family
Built in 1982
-- sqft lot
$-- Zestimate®
$94/sqft
$-- HOA
What's special
- 359 days |
- 147 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Jennifer Scates 404-403-9855,
Wallace-Jennifer Scates Group 865-474-9874,
Kristen Mcallister,
Wallace-Jennifer Scates Group
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2931920
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Central, Electric, Natural Gas
Cooling
- Central Air
Appliances
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Flooring: Carpet, Laminate, Tile
Interior area
- Total structure area: 4,520
- Total interior livable area: 4,520 sqft
Property
Lot
- Size: 9,384 Square Feet
- Dimensions: 100 x 207.8 and 300 x 188
Details
- Parcel number: 042 00910 000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Frame, Other
- Roof: Metal
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Spring City
Financial & listing details
- Price per square foot: $94/sqft
- Tax assessed value: $196,400
- Annual tax amount: $992
- Date on market: 7/9/2025
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/23/2026 | Price change | $425,000-4.5%$94/sqft |
Source: | ||
| 8/12/2025 | Price change | $445,000-6.3%$98/sqft |
Source: | ||
| 7/9/2025 | Listed for sale | $475,000+375%$105/sqft |
Source: | ||
| 8/31/1995 | Sold | $100,000$22/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $662 | $49,100 |
| 2024 | $662 +16.1% | $49,100 +94.1% |
| 2023 | $570 | $25,300 |
| 2022 | $570 | $25,300 |
| 2021 | $570 | $25,300 |
| 2020 | $570 | $25,300 |
| 2019 | $570 -10.5% | $25,300 -12.8% |
| 2018 | $638 -0.1% | $29,025 |
| 2017 | $638 | $29,025 |
| 2016 | $638 | $29,025 |
| 2015 | $638 +4.8% | $29,025 |
| 2014 | $609 | $29,025 |
| 2013 | $609 +16.6% | $29,025 -2.8% |
| 2011 | $522 | $29,850 |
| 2010 | $522 | $29,850 |
| 2009 | -- | $29,850 |
| 2008 | -- | $29,850 +12.1% |
| 2007 | $533 +12.3% | $26,625 +12.3% |
| 2006 | $474 | $23,700 |
| 2005 | $474 -4.8% | $23,700 |
| 2004 | $498 +16.2% | $23,700 +16.2% |
| 2003 | $428 | $20,400 -1.5% |
| 2001 | -- | $20,710 -75% |
| 2000 | -- | $82,840 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37381
Nearby schools
GreatSchools rating
- 7/10Spring City Elementary SchoolGrades: PK-5Distance: 2.7 mi
- 7/10Spring City Middle SchoolGrades: 6-8Distance: 2.5 mi
- 4/10Rhea County High SchoolGrades: 9-12Distance: 5.9 mi
Schools provided by the listing agent
- Elementary: Spring City Elementary
- Middle: Spring City Middle School
- High: Rhea County High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Rhea County
- Spring City
- 37381
- 197 Wedgewood Ln








