Terry Patton

1616 Wallace St

Knoxville, TN
$ 229,000 Beds 2 Baths 1 Sq 792
Monthly Estimate* How much can I afford?

BEAUTIFULLY UPDATED & MOVE-IN READY! This charming one-level ranch offers an inviting combination of style, comfort, and value in a convenient Knoxville location. Step inside to a bright, open living area with LVP flooring throughout--no carpet! The thoughtfully remodeled kitchen, updated approximately 6 years ago, features beautiful cabinetry and stainless steel appliances. The home offers an updated bathroom/laundry room, replacement windows, and a roof approximately 6 years old. A new HVAC system installed just 1 year ago with a warranty provides added comfort and peace of mind. The unfinished basement/crawlspace area offers exceptional additional storage and a spacious workshop area. The home has also benefited from a professional basement waterproofing system, including installation of a sump pump and a yearly maintenance agreement. The exterior is equally appealing with a back deck overlooking the level, fenced backyard, perfect for relaxing, entertaining, or enjoying your morning coffee. A storage shed provides even more room for lawn equipment and outdoor belongings. Conveniently located just minutes from downtown Knoxville, the University of Tennessee, shopping, dining, and major roadways, this well-maintained and updated ranch is an excellent opportunity for anyone looking for comfortable one-level living with numerous major improvements already completed.

Active

  • Price
  • $ 229,000
  • City
  • Knoxville
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • Knox
  • Half Bathrooms
  • 0
  • Area
  • Knox County
  • Lot Size
  • 0.17 Acres
  • Zip
  • 37921
  • Sqr Footage
  • 792
  • Year Built
  • 1950
  • Taxes
  • $ 1130
  • Style
  • Traditional
  • MLS#
  • 1356416
Listed By: ReMax First
Data Source: Knoxville MLS (KAAR)

Features

General

Sewer Public Sewer
Heating Central,Heat Pump,Electric
Cooling Central Cooling
Appliances Dishwasher,Microwave,Range,Self Cleaning Oven
Architectural Style Traditional
Security Features Smoke Detector
Construction Materials Vinyl Siding,Frame
Year Built 1950
View Wooded
Property Subtype Single Family Residence
County Knox County - 1
Property Type Single Family
Attached Garage false
Subdivision Name Moses Fairview
Other Structures Storage
Total Rooms 5
Full Baths 1
Status Active
Directions From Middlebrook Pike continue onto University Avenue, turn left on Wallace Street, home is on the left, sign in yard.
City Knoxville
MLS Area Knox County - 1
Lot Size Units Acres
Lot Size Square Feet 7405.2
Property Attached Y/N false
MLS Area Minor Knox County - 1
Structure Type Ranch
Standard Status Active
New Financing Cash true
New Financing FHA true
New Financing VA Loan true
New Financing Coventional true
New Financing New Loan true

Interior Features

Basement Crawl Space,Unfinished
Flooring Laminate
Fireplace Features None
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Window Features Windows - Insulated
Fireplace Y/N false
Total Bedrooms 2
Total Baths 1

Exterior Features

Exterior Amenities Windows - Vinyl
Parking Features Off-Street Parking,Main Level
Lot Features Wooded,Level
Water Source Public
Lot Size Area 0.17
Building Area Total 792
Lot Size Acres 0.17
Lot Size Source Tax Records

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Knoxville, TN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/23/2026 Listed $229,000

Property vs Zip Code Average in 37921

Price
AVG $320K
$230K
Taxes
AVG $1,411
$1,130
Year Built
AVG 1975
1950

Areas That We Cover

1616 Wallace St Knoxville, TN is a Single Family Home for sale at $229000 with 792 sqft and a lot size of 0.17 Acres Acre(s). 1616 Wallace St Knoxville has 2 bedrooms, 1 baths and was built in 1950. The property's zip code is 37921 which is in Knoxville, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Terry Patton

Terry Patton

865-679-3697

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