197 Wedgewood Lane
Spring City, TN, 37381 $ 445,000
Bedrooms6 Baths0.0 Sq 4,520 Monthly Estimate*
$ 2,740
for $445,000 with 6 bedrooms. This 4,520 square foot home was built in 1982.
Unique Investment Opportunity in the Heart of Spring City! Discover the potential of this versatile property featuring 3 separate units on 1.5 private acres, just minutes from the heart of Spring City! Whether you're looking for rental income, a multi-generational family compound, or both, this property is full of possibilities. Unit 1 offers 3,000 sq. ft. of living space, showcasing an open-concept main floor with new flooring, new shower, new staircase, new windows, and a new back door. The home is now equipped with central HVAC, adding year-round comfort. Upstairs you'll find 2 spacious bedrooms and a full bath. The downstairs level includes a bedroom, a bathroom, and two additional rooms perfect for game rooms, offices, or storage. The lower level is ready for your finishing touches — with some materials already on-site — and opens to a fenced backyard. Unit 2, an attached efficiency or mother-in-law suite with its own separate address, features a full bath with new vanity, toilet, and windows, providing a private, self-contained living space ideal for guests or additional rental income. Unit 3 is a detached home with two bedrooms, one full bath, an open-concept living room, kitchen, and dining area, plus a full walkout basement. Updates include new windows, giving it a fresh and inviting feel. Tucked away yet conveniently located, these homes offer privacy, flexibility, and potential. Perfect as income-producing rentals, a family retreat, or a combination of both — this property is truly one of a kind! Don't miss your chance to make this unique property yours. Call today to schedule your showing!
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FeaturesGeneralLiving Area 4520
Heating Central Electric Natural Gas
Cooling Central Air
Utilities Electricity Available Natural Gas Available
Possession Close Of Escrow
Roof Metal
Security Features Smoke Detector(s)
Construction Materials Frame Other
Year Built 1982
Levels Three Or More
County Rhea County TN
New Construction N
Property Type Residential Income
Attached Garage N
Status Active
Buyer Financing VA Other FHA Conventional
Directions 75 South To exit 368 then 68 to Spring City take exit 60 north to Spring City go 11 miles and turn right onto Wedgewood Lane and property is on the left. Sign on the property.
High School Rhea County High School
City Spring City
Senior Community Y/N N
Number Of Units Total 3
Lot Size Units Acres
Elementary School Spring City Elementary
Property Attached Y/N Y
Year Built Details Existing
Tax Annual Amount 992
Middle/Junior High School Spring City Middle School
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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InteriorFlooring Carpet Laminate Tile
Air Conditioning Y/N Y
Heating Y/N Y
Laundry Features Washer Hookup Electric Dryer Hookup
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
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ExteriorTotal Parking 0
Building Area Total 4520
Lot Dimensions 100 X 207.8 and 300 x 188
Waterfront Y/N N
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* Excluded FeaturesList ByWallace-Jennifer Scates GroupBroker
JScates@wallacetn.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,740
- Monthly Property Taxes
- $83
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Spring City, TN
Average List Price $406,633
Percent of Sale Price 9%
About Spring City, TN 9,180 Population
4% Since 2002
$ 40,049 Median Income
47.8 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
3424206 Elementary School
3424205 Middle School
Rhea County High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/12/2025 | $445,000 | -6.32% | Price Down |
| 7/9/2025 | $475,000 | | Listed Price |