Property Description

HISTORIC 1899 COMPOUND WITH MODERN INCOME GENERATOR IN OAKWOOD-LINCOLN PARK!Rarely does a property come to market that satisfies both the romantic historian and the analytical investor quite like 602 Watauga Avenue. Proudly positioned on a lushly landscaped corner lot, this vibrant yellow Victorian-era cottage serves as a neighborhood showstopper.The Primary ResidenceCross the classic front deck and step into a interior filled with soaring ceilings, updated recessed lighting, and original, masterfully restored 1899 that glow with history. The expansive living room serves as a central anchor, highlighted by an elegant crystal chandelier and a bold, blue-brick accent fireplace mantle. Entertain guests in the dining room, finished in a striking royal blue with deep historic crown moldings, a modern gold sputnik chandelier, and a floor-to-ceiling built-in pantry.The main home offers 3 bedrooms and 2 bathrooms. The guest bathroom is a boutique-hotel inspired sanctuary featuring a shimmering silver tin-style ceiling grid, a custom gold globe pendant light, and an authentic freestanding porcelain clawfoot soaking tub. The second bathroom features a major head start with new flooring, fresh paint, and active water hookups, standing ready for the new owners to install the final custom finishes of their choice!At the rear of the home, a magnificent glass-paneled sunroom with painted wood floors and a hanging hammock chair opens directly onto a massive, elevated wood entertainment deck.The Revenue-Producing ADUTucked privately in the fully level, fenced backyard is a completely detached 1-Bedroom, 1-Bathroom classy ADU. This independent cottage features its own covered porch, custom ironwork pillars, gorgeous wood wainscoting, a full kitchen with a custom breakfast bar, and a beautifully tiled walk-in shower. Currently leased to a long-term tenant for $1,250/month, this unit effectively offsets your monthly housing expenses from day one!Experience the CommunityBeyond your private backyard lies a tight-knit neighborhood known for its active community spirit, parks, and tree-lined sidewalks. To fully appreciate the upcoming local events and historic preservation efforts that make this neighborhood so highly sought-after, visit the official neighborhood association website at https://oakwood-lincolnpark.org/. Located just minutes from Downtown Knoxville, the University of Tennessee, and major medical centers, this turnkey estate is an opportunity that will not last. Schedule your private tour today!

Property Features

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