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  • Price cut: $20K (4/23)
    $425,000

    197 Wedgewood Ln, Spring City, TN 37381

    6beds
    2baths
    4,520sqft
    : 
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    Multi Family
    Built in 1982
    -- sqft lot
    $-- Zestimate®
    $94/sqft
    $-- HOA

    What's special

    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!
    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#: 2931920MLS Logo

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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

        DateEventPrice
        4/23/2026Price change$425,000-4.5%$94/sqft
        Source: East Tennessee Realtors #1307644 Report a problem
        8/12/2025Price change$445,000-6.3%$98/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2931920 Report a problem
        7/9/2025Listed for sale$475,000+375%$105/sqft
        Source: East Tennessee Realtors #1307644 Report a problem
        8/31/1995Sold$100,000$22/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        Getting around

        1 / 100
        Car-Dependent
        7 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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