Perfect Bed and Breakfast

Hospitality for Sale
Catylist Listing ID: 30835921
Property Subtypes: Bed & Breakfast, Extended Stay, Vacation Rental(s), Other
Number of Units: 2 Units
Building Size (RSF): 3,229 SF
Gross Building Area: See Agent
Gross Land Area: 2.56 Acres
Sale Price: $600,000
Unit Price: $300,000 Per Unit
Ceiling: 10 ft.
Property Use Type: Investment, Business
Building Name: Law Estate
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/8/2023

Overview / Comments

Beautiful 1920 traditional, historic home flowing with character. Tucked among oaks, dogwoods, holly & magnolia trees on 2 1/2 acres. Built by the Joseph Black family including entrepreneurial sons Fred, Jack & Tom Black, to which Tom Black Track at The University of TN, Knoxville, was named. He also started Tom's Foods from his car trunk. The home's outdoor beauty has been featured in a tv commercial & on the cover & setting for the novel A Home for Christmas. It's history has been featured in the Knoxville Journal. Orig. hardwoods include upstairs flooring, interior doors & 2 staircases: front & servant. 4 rooms w/picture windows & bay walls. 2 vent-less fireplaces. All rooms are renovated from elegant Victorian to relaxing & cozy. All windows, newly installed. Pebbled concrete walkway leads to wrap around front porch.
Charming foyer w/under stair closet & double L style oak staircase.
French doors open to beautiful parlor.
Formal Victorian DR w/French doors.
Den w/side door accessing porch.
Lg, eat-in country style kitchen w/custom, solid oak cabinetry & quartz countertops.
Sizeable laundry rm w/built-in cabinets, drawers & folding station.
Upstairs are 3 Victorian style BRs, one w/unique closet inside of a closet.
Huge, L-shaped 4th BR perfect for primary BR or game rm.
Attic (size of house) could become 3rd floor.
20x30 covered, back patio for relaxing by the large, stocked koi pond.
18x28, two story detached outbldg w/cen H&A & 1/2 bath. Ideal for workshop or apartment.
Perfect B&B potential! Less than 2 miles from Tellico Lake.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Taxing Authority: Loudon County
Tax ID/APN: 05308405800
Retail Clientele: General, Family, Traveler, Recreation
Property Located Between: Maryville and Tellico Lake
Property Visibility: Excellent
Largest Nearby Street: Hwy 411 South
Feet of Frontage: 312
Traffic/Vehicle Count: 11,860
Highway Access: US Hwy 411 South, Greenback TN 37742
Airports: TYS McGhee Tyson approximated 11.1 Miles
Site Description: Excellent with plenty of parking
Area Description: Mountain View
Nearby Attractions: Tellico Lake
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 1920
Year Renovated: 2020
Roof Type: Gambrel
Construction/Siding: Brick/Vinyl Siding
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Land
Laundry: Shared
Heat Type: Natural Gas, Propane
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite
Interior Description: Excellent for a Bed and Breakfast
Zoning Description: C-1
Lot Frontage: 370'
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Private

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,996 12,234
Median Age: 41.66 44.86
Households: 1,939 4,964


Photograph of Listing Agent

Mike Howell, GRI, e-Pro, ABR, MRP, C2EX, PSA, CRB, SRES

Keller Williams KAAR CIE Member
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