3168 W Gallaher Ferry Rd, Knoxville, TN 37932 (MLS# 1237218)

Auction Y/N: No

Occupancy: Either

Listing Price: 2394000

Current Price: $1,975,000

Status: Closed

Listing Date: 2023-08-21

Area: Knox County - 1

Property Sub-Type: Residential

City/County Code: County

Elementary School: Hardin Valley

Middle School: Hardin Valley

Total Tax: 5096

High School: Hardin Valley Academy

Type: 2 Story Basement

# Bedrooms: 5

Acres: 10.58

Acre Source: Tax Records

# of Rooms: 14

Restrictions: No

Site Built: Yes

Fireplace: Yes

Property Status: N/A

SqFt - Main Lvl: 1754

SqFt - Down Lvl: 2255

SqFt - 2nd Flr Lvl: 1643

SqFt - 3rd Flr Lvl: 98

# Fireplace: 2

HOA: No

Basement: Yes

Bonus Room: Yes

Extra Storage: Yes

SqFt - Total (Aprox): 5750

Baths - Full: 5

Baths - 1/2: 1

Year Built: 1998

Directions: Gated property. From Knoxville: Take I-40 West to exit 376 toward Oak Ridge. Merge onto TN-162 N for 2.4 miles. Take the Hardin Valley Rd exit on the right. Turn left onto Hardin Valley Rd. Go 4.2 miles and turn left onto Hickory Creek Rd. In 0.7 miles, turn right onto W Gallaher Ferry Rd. Gated entrance will be on the right in 2.6 miles.

Public Remarks: Priced below recent appraisal and owner is still offering financing as low as 4.8%. This Private, Gated, Architect-Designed Multigenerational Country Lakefront Estate is offered below comparables as the remodeling continues. The price will increase as the major projects are completed such as windows, doors and a new master suite on the main level. A list of improvements since acquisition includes: 2000ft of concrete driveway with large turn-arounds at the road, the workshop, and at the lakeside, a full-function communicating front gate, septic upgrade from 3-bedroom home to 6-bedroom home, 900-sqft woodworking shop with its own septic, which can be used as a anything from a recreation building to a stunning space to store and display collections, full-gut remodel of the 1100-sqft Master Retreat was completed in 2023. It includes 360-degree windows for fresh air, heated natural stone marble floors, showers and shelving spaces, a 400-sqft covered wrap-around 2nd story balcony with French entry doors in both the bathroom and in the bedroom, and a 400-sqft private loft study. The HVAC was gutted and replaced with two 5-ton Waterfurnace Series 7 geothermal heat pumps in 2022. A 750-sqft poured concrete basement was added in 2022 to serve the second geothermal unit and the solar mechanical equipment. This structure features a full bathroom, 450-sqft of rough shelved storage, and 300-sqft safe room/vault space. Finally, the solar installation, which handles all of the property's electrical needs: The installation provides as much as $4,500 of free electricity. For those not interested in solar power, the fully off-grid system can be abandoned with the switch of a circuit breaker, as municipal power from LCUB is maintained on the property. An automatic transfer switch will flip the electricity seamlessly from Solar to LCUB as desired. The system has been in operation since 2017 with a battery installation in 2019. All components benefit from a 10-year manufacturer's warranty, and are managed for a cost by Lloyd's Electric, the MSA's premier commercial/industrial electrical contractor. The space is complete and lived-in as it is, and it is lovely. It features a full gut remodel of the main kitchen in 2014, which includes oversized cabinets, Wolf/Sub Zero appliances, and an open, yet intimate floorplan. All of the bathrooms were fully remodeled in 2023, which included all new plumbing, fixtures, and natural stone marble shower surrounds, floors, and vanity tops. The ongoing construction includes: Planning and construction of a master retreat on the main floor, scheduling and planning replacement of all windows and doors, a bathroom installation at lakeside, and removal of the EIFS stucco to be replaced by brick. Hundreds of smaller projects have been completed over the last year. Yet, the remaining projects are significant, and they are ongoing. As the projects progress to completion, their cost will be incorporated into the listed price of the property. As it stands, significant discounts were applied to the listing price to accommodate the end user that might want to save money on their next home purchase in exchange for doing the work at their own convenience.

Detached: 1

Contemporary: 1

Solar: 1

Block: 1

Frame: 1

Synthetic Stucco: 1

Gas: 1

Ceiling Fan(s): 1

Central Cooling: 1

Zoned: 1

Hardwood: 1

Marble: 1

Radiant Floors: 1

Tile: 1

Other: 1

Garage Spaces: 3

Attached: 1

Garage Door Opener: 1

Main Level: 1

Side/Rear Entry: 1

Finished: 1

Walkout: 1

Current Dock Permit on File: 1

Lake/Water Access: 1

Pond: 1

Private: 1

Waterfront: 1

Wooded: 1

Active Solar: 1

Electric: 1

Propane: 1

Lake View: 1

Seasonal Lake View: 1

Wooded: 1

Central: 1

Geo Heat (Closed Lp): 1

Heat Pump: 1

Zoned: 1

Breakfast Bar: 1

Breakfast Room: 1

Eat-in Kitchen: 1

Formal Dining Area: 1

Central Vacuum: 1

Dishwasher: 1

Disposal: 1

Dryer: 1

Gas Grill: 1

Gas Stove: 1

Intercom: 1

Microwave: 1

Refrigerator: 1

Security Alarm: 1

Self Cleaning Oven: 1

Smoke Detector: 1

Tankless Water Heater: 1

Trash Compactor: 1

Washer: 1

2nd Rec Room: 1

Addl Living Quarter: 1

Basement Rec Room: 1

Breakfast Room: 1

Den/Study: 1

Extra Storage: 1

Family Room: 1

Great Room: 1

Laundry/Utility: 1

Office: 1

Split Bedroom: 1

Workshop: 1

Balcony: 1

Deck: 1

Dock: 1

Doors - Energy Star: 1

Patio: 1

Porch - Covered: 1

Prof Landscaped: 1

Windows - Insulated: 1

Windows - Vinyl: 1

Windows - Wood: 1

Cathedral Ceiling(s): 1

Internet Available: 1

Kitchen Island: 1

Pantry: 1

Storm Shelter: 1

Walk-in Shower: 1

Walk-In Closet(s): 1

Washer/Dryer Connect: 1

Wet Bar: 1

Wired for Internet: 1

Septic Tank: 1

Well: 1

Boat - House: 1

Detached Workshop: 1

Storage Shed: 1

Cash: 1

Conventional: 1

Owner Will Carry: 1

See Agent Instructns: 1

House #: 3168

St Dir: W

Street Name: Gallaher Ferry

St Suffix: Rd

State/Province: TN

Zip Code: 37932

PIN #: 115 015

Geo Lat: 35.931801

Geo Lon: -84.251877

Status Change Date: 2024-04-04

Under Contract Date: 2024-03-05

Sold Date: 2024-04-04

Sold Price: $1,975,000