1000078957 - 501 Wallace Rd, Luttrell
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39 photos

$274,900

Bedrooms
3
Bathrooms
2
Living area
N/A
Year built
1967
501 Wallace Rd
Luttrell, TN 37779
Listed by Keller Williams West Knoxville

Highlights

Property type
Single Family Residence
Lot size
2.28 acres
On market
1 day

About this home

Unique and desirable find in a peaceful country setting on over 2 1/4 level acres with a large old rustic barn full of character! This recently remodeled ranch home offers a taditional style floorplan featuring 3 bedrooms, 2 baths, plus a beautiful sunroom addition with 2 skylights & ceramic tile flooring! Separate finished laundry conveniently adjoins sunroom. Seemingly endless updates include luxury vinyl plank flooring, insulated vinyl clad windows, Textured walls that add a modern look, new trim, new lighting fixtures including recessed ceiling lighting. Bathrooms have been remodeled with new fixtures! Nice stainless appliances including the refrigerator! Wow! Much of the plumbing & electrical was also updated per the former MLS information, along with a new Trane HVAC unit. Newer dimensional shingle roof & vinyl siding! If you've ever dreamed of owning your own mini-farm, this could be that right find! An excellent value here, move-in-ready for a fortunate new owner!

Property details

MLS
East Tennessee REALTORS® MLS
MLS #
1361609
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
1
On market date
November 9, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
2.28 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Luttrell Elementary
3.02 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
313
Student:teacher ratio
14.2:1
District
Union County
Middle
H Maynard Middle School
3.54 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
703
Student:teacher ratio
19.0:1
District
Union County
High
Union County High School
3.09 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
791
Student:teacher ratio
19.3:1
District
Union County

Walkability

Blended score for Luttrell's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

13
Very car-dependent
out of 100
EPA National Walkability Index
4.0 / 20 -- Least walkable
Google Places amenity density
3 / 100
Restaurants & cafes1
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Luttrell, from live MLS data.

On the market 1 days -- 65 fewer days than Luttrell's current average of 66 days.
For reference, the median list price across 16 active listings in Luttrell right now is $409,999.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

Adjust tax / insurance estimates
Est. monthly payment
$1,805/mo
$54,980 down
$219,920 loan
Principal & interest$1,426
Property tax (est.)$229
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS. Last updated 20 hr ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.