New Construction + Bonus House for $20K to Complete — Two Separate Parcels, LaFollette TN | $350K
Looking for instant equity? Here's your deal.
The main house is a brand new 2,100 sq ft never-lived-in home featuring 2 large bedrooms, a huge loft, 2.5 baths, open floor plan, and a fully equipped kitchen. Move-in ready or rent-ready from day one — no repairs, no surprises, everything under warranty.
The second house is essentially free. 800 sq ft, 2 bed/1 bath on its own separate parcel — all the heavy lifting is done. Foundation, framing, roof, electrical, plumbing — finished. Just cosmetics left to complete at an estimated $20K.
The numbers:
Asking: $350,000
ARV: $490,000
All in: $370,000
Parcels already split — buy, sell, or hold independently
Instant equity position: $120,000+
Located in LaFollette, TN — minutes from Norris Lake, one of the most popular recreational lakes in Tennessee, making this a strong short-term rental market as well.
This is a house hack, BRRRR, flip, or STR play. The main house alone justifies the ask — you're getting the second property for next to nothing.
Serious buyers only. Full photo breakdown and detailed completion list available on request.
What the owner loves about this home
What makes this property special is the rare opportunity to own two homes on one property just minutes from Norris Lake. It’s perfect for a family compound, mother-in-law suite, Airbnb potential, or rental income. Located about 30 minutes from Knoxville in a quiet area surrounded by long-time homeowners, you get peaceful mountain living with easy access to the lake. There’s also plenty of room for RV and boat parking, making it ideal for anyone who loves the Norris Lake lifestyle.
127 days
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261
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9
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Listed by:
Property Owner(865) 498-3301
This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Heating
Forced air, Electric
Cooling
Central
Appliances
Included: Dishwasher, Garbage disposal, Microwave, Range / Oven, Refrigerator
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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.
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