3108 Shanks Lane, Knoxville, TN 37938
(MLS # 1314616)
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Welcome to 3108 Shanks Lane Knoxville, TN 37938 - a unique income-producing property offering versatility and an incredible county setting. Whether you're looking to invest in a rental property or need multi-functional home, this property is the perfect fit. Main House: The main house features an expansive, open floor plan that seamlessly blends the kitchen, living room, and dining area. French doors that open the entire living space to the covered wrap around porch area. This layout extends the areas for that perfect indoor/outdoor entertaining feature, The open layout creates an airy, flowing atmosphere, combining indoor and outdoor living. Whether hosting family gatherings or enjoying quiet evenings, this space provides the ideal setting for both. On the main floor, you'll find 2 bedrooms and 2 bathrooms, including a master suite that offers privacy and comfort. The laundry room is conveniently located on this floor, Downstairs: The lower level is accessible through separate exterior doors below, providing added privacy. On the right side, you'll find a fully functional Mother-in-Law suite with its own bedroom, bathroom, storage closet, and open-concept kitchen, living, and dining space. This space is perfect for extended family or can be rented out for additional income. This area has its own exterior access through the garage, making it ideal for tenants or additional family members. Exterior and Garage: On the left side. The property includes a 2-car garage and a long driveway with circle drive access that can easily accommodate up to four cars or more. This is perfect for hosting guests or entertaining. The property is shaded by mature trees, offers a peaceful and private environment. Income-Producing Potential: With separate living spaces and exterior entrances, this property offers excellent income potential. The main house and Mother-in-Law suite can be rented out individually, providing streams of rental income. The layout also makes it ideal for multi-generational living, offering privacy and independence for each occupant. Don't miss out on the opportunity to own this versatile, income-producing property. Schedule a showing today and see all the possibilities it has to offer!
| LAST UPDATED | 9/8/2025 | TRACT | Bill England & William Buchanan Property |
|---|---|---|---|
| YEAR BUILT | 2008 | COMMUNITY | Knox County - 1 |
| GARAGE SPACES | 2.0 | COUNTY | Knox County - 1 |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Copper Ridge |
|---|---|
| Jr. High School | Halls |
| High School | Halls |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Microwave, Range, Refrigerator |
| AREA | Knox County - 1 |
| BASEMENT | Exterior Entry, Other, Partially Finished, Walk-Out Access, Yes |
| CONSTRUCTION | Block, Brick, Vinyl Siding |
| GARAGE | Yes |
| HEAT | Ceiling, Central, Electric |
| INTERIOR | Breakfast Bar, Eat-in Kitchen, Kitchen Island, Walk-In Closet(s) |
| LOT | 1.5 acre(s) |
| LOT DESCRIPTION | Rolling Slope, Wooded |
| PARKING | Off Street, Garage Faces Side, Garage Door Opener, Basement, Other |
| SEWER | Septic Tank |
| STYLE | Traditional |
| SUBDIVISION | Bill England & William Buchanan Property |
| TAXES | 843.82 |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Public |
MORTGAGE CALCULATOR
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