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

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PRICE $1,975,000 dsIDX morgage calculator
BEDS 5
BATHS 6
HOME SIZE 5,750 sqft
LOT SIZE 10.58 ac

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.

LAST UPDATED 4/4/2024 YEAR BUILT 1998
COMMUNITY Knox County - 1 GARAGE SPACES 3.0
COUNTY Knox County - 1 STATUS Sold
PROPERTY TYPE(S) Single Family

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

PRICE HISTORY
Prior to Sep 18, '23 $2,300,000
Sep 18, '23 - Nov 9, '23 $2,350,000
Nov 9, '23 - Jan 6, '24 $2,389,000
Jan 6, '24 - Today $2,394,000


ADDITIONAL DETAILS
AIR Ceiling Fan(s), Central Air, Zoned
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Dryer, Gas Cooktop, Microwave, Oven, Refrigerator, Self Cleaning Oven, Washer
AREA Knox County - 1
BASEMENT Finished, Yes
CONSTRUCTION Block, Frame, Synthetic Stucco
EXTERIOR Balcony, Dock, Gas Grill
FIREPLACE Yes
GARAGE Yes
HEAT Active Solar, Central, Electric, Geothermal, Heat Pump, Propane, Radiant, Zoned
INTERIOR Central Vacuum
LOT 10.58 acre(s)
LOT DESCRIPTION Private, Wooded
PARKING Garage Door Opener, Attached
STYLE Contemporary, Solar
VIEW Yes
VIEW DESCRIPTION Trees/Woods, Lake
WATERFRONT Yes
WATERFRONT DESCRIPTION Lake Privileges, Lake Front, Pond, Waterfront Access
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Alliance Sotheby's International Realty

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