$387,500

3108 Shanks Lane, Knoxville, TN 37938

  • 2 beds |
  • 2 baths |
  • 1,824 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 2008
  • Property Lot Size Icon1.5acre lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $212/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

Welcome to 3108 Shanks Lane Knoxville, TN 37938 - a unique income-producing property offering versatility and an incredible county setting. Whether you're looking to invest in a rental property or need multi-functional home, this property is the perfect fit. Main House: The main house features an expansive, open floor plan that seamlessly blends the kitchen, living room, and dining area. French doors that open the entire living space to the covered wrap around porch area. This layout extends the areas for that perfect indoor/outdoor entertaining feature, The open layout creates an airy, flowing atmosphere, combining indoor and outdoor living. Whether hosting family gatherings or enjoying quiet evenings, this space provides the ideal setting for both. On the main floor, you'll find 2 bedrooms and 2 bathrooms, including a master suite that offers privacy and comfort. The laundry room is conveniently located on this floor, Downstairs: The lower level is accessible through separate exterior doors below, providing added privacy. On the right side, you'll find a fully functional Mother-in-Law suite with its own bedroom, bathroom, storage closet, and open-concept kitchen, living, and dining space. This space is perfect for extended family or can be rented out for additional income. This area has its own exterior access through the garage, making it ideal for tenants or additional family members. Exterior and Garage: On the left side. The property includes a 2-car garage and a long driveway with circle drive access that can easily accommodate up to four cars or more. This is perfect for hosting guests or entertaining. The property is shaded by mature trees, offers a peaceful and private environment. Income-Producing Potential: With separate living spaces and exterior entrances, this property offers excellent income potential. The main house and Mother-in-Law suite can be rented out individually, providing streams of rental income. The layout also makes it ideal for multi-generational living, offering privacy and independence for each occupant. Don't miss out on the opportunity to own this versatile, income-producing property. Schedule a showing today and see all the possibilities it has to offer!

Listing Status:
Active
Date Added:
September 8, 2025 at 05:00AM
Listing Office:
Sail Away Homes & Land : 865-717-7245
MLS ID:
1314616
  • General: Eat-in KitchenBreakfast BarWalk-In Closet(s)Kitchen Island
  • Appliances: DishwasherDisposalMicrowaveRangeRefrigerator
  • Basement: OtherPartially FinishedWalk-Out AccessSlabOutside Entr. Only
  • Flooring: CarpetLaminateTile
  • A/C: Ceiling Fan(s)Central Air
  • Heating: CentralCeilingElectric
  • Fireplace: Fireplaces: 0

This listing courtesy of Sail Away Homes & Land

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Copper Ridge Elementary School

2502 E Brushy Valley Dr, Powell, TN, 37849

Grades PK-5

0.90 miles away

H

Halls Middle School

4317 E Emory Rd, Knoxville, TN, 37938

Grades 6-8

3.08 miles away

H

Halls High School

4321 E Emory Rd, Knoxville, TN, 37938

Grades 9-12

3.12 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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