502 Wallace Ave

Lake City TN 37769

1484 sq. ft.

0.24 ac.

Single-Family

Last sold for $252,000

TJ Dembek, last sold this property on 03 September 2026 after -8 days on market.

Overview

Welcome to 502 Wallace Avenue, where convenience meets opportunity in the heart of Rocky Top. Whether you're looking for your next home, a weekend getaway, or an investment property, this home is perfectly positioned to enjoy everything the area has to offer. Located within walking distance of restaurants, convenience stores, and fuel, you'll have everyday essentials just minutes from your front door. Outdoor enthusiasts will love being only a short drive from Windrock Park, Ride Royal Blue, and the North Cumberland Wildlife Management Area, giving you access to hundreds of miles of ATV, UTV, Jeep, dirt bike, and hiking trails. With its prime location near some of East Tennessee's most popular off road destinations, this property also offers excellent potential as a short term rental. Visitors travel to the area year round to experience the trails, Norris Lake, and the surrounding mountains, making this an attractive option for those looking to generate rental income or own a vacation retreat. Don't miss your chance to own a property in one of East Tennessee's fastest growing outdoor recreation destinations. Schedule your private showing today.

Features

3 bedrooms

3 bathrooms

1 carspace

1 garage space

1484 sq. ft. floor area

0.24 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Lake City over the last 12 months, the estimated median property value of 502 Wallace Ave is $250k.

Median value

$250k

Estimated value range

$69k - $408k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Lake City. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 502 Wallace Ave

2026

Sold

$252,000

03 Sep 2026 by TJ Dembek, of HONORS REAL ESTATE SERVICES

2025

Sold

$222,000

31 Mar 2025 by Ryan Lowry, of Keller Williams Realty

2021

Sold

$147,000

05 Aug 2021

Happy sellers in Lake City

We have insufficient information to provide an overview of customer satisfaction for Lake City. Viewing the agent profiles, reviews and sales for Lake City can provide insights for this location.