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

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PRICE $2,350,000 dsIDX morgage calculator
BEDS 5
BATHS 6
HOME SIZE 5,750 sqft
LOT SIZE 10.58 ac

**OWNER FINANCING AVAILABLE 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. 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, Upgrade from 3-bedroom home to 6-bedroom home, A 900sqft 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, A full-gut remodel of the 1100-square-foot 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 400sqft private loft study. The HVAC was gutted and replaced with two 5-ton Waterfurnace Series 7 geothermal heat pumps in 2022. A 750sqft poured concrete basement was added in 2022 to serve the second geothermal unit and the solar mechanical equipment. This structure features a full bathroom, 450sqft of rough shelved storage, and 300sqft 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 full gut 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.

LAST UPDATED 9/18/2023 YEAR BUILT 1998
GARAGE SPACES 3.0 COUNTY Knox County
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Hardin Valley
Jr. High School Hardin Valley
High School Hardin Valley Academy

PRICE HISTORY
Prior to Sep 18, '23 $2,300,000
Sep 18, '23 - Today $2,350,000


ADDITIONAL DETAILS
AIR Ceiling Fan(s), Central Cooling, Zoned
AIR CONDITIONING Yes
APPLIANCES Central Vacuum, Dishwasher, Disposal, Dryer, Gas Grill, Gas Stove, Intercom, Microwave, Refrigerator, Security Alarm, Self Cleaning Oven, Smoke Detector, Tankless Wtr Htr, Trash Compactor, Washer
BASEMENT Finished, Walkout, Yes
CONSTRUCTION Block, Frame
EXTERIOR Balcony, Deck, Dock, Doors - Energy Star, Patio, Porch - Covered, Prof Landscaped, Windows - Insulated, Windows - Wood
FIREPLACE Yes
GARAGE Attached, Garage Door Opener, Main Level, Side/Rear Entry, Yes
HEAT Central, Geo Heat (Closed Lp), Heat Pump, Zoned
INTERIOR Cathedral Ceiling, Internet Available, Island in Kitchen, Pantry, Storm Shelter, Walk-in Closets, Walk-in Shower, Washer/Dryer Connect, Wet Bar, Wired for Internet
LOT 10.58 acre(s)
LOT DESCRIPTION Lake Access, Lakefront, Private, Waterfront Access, Wooded
PARKING 3.00
STYLE Contemporary, Solar
TAXES 5096.00
VIEW Yes
VIEW DESCRIPTION Lake,Seasonal Lake View
MORTGAGE CALCULATOR
   

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