197 Wedgewood Ln

Spring City, TN 37381

$425,000
Price
6
Beds
2
Baths
4,520 Sq. Ft.
$94 / Sq. Ft.
4,520
Sq. Ft.
$94
per Sq. Ft.
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Description

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...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!
  1. Listed by Jennifer Scates • Wallace-Jennifer Scates Group
  2. Listed by Kristen McAllister • Wallace-Jennifer Scates Group

Property Details for 197 Wedgewood Lane

Waterfront
No
LISTING UPDATED: 04/22/2026 10:20 PM

Property Details for 197 Wedgewood Lane

StatusActive
MLS #2931920
Days on Market289
Taxes$992 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1982
Lot Size-
CountyRhea County
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Location

Listing Courtesy of Wallace-Jennifer Scates Group, Jennifer Scates (404.403.9855); Wallace-Jennifer Scates Group, Kristen McAllister
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Building Information for 197 Wedgewood Lane

Stories-Residences3Year Built1982Building Size-Lot Size-

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OriginPoint Mortgage or Rocket Mortgage1

$2,223 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,140

Property Taxes

$83

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 197 Wedgewood Lane

Summary
Location and General Information
  • 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.
  • Elementary School: Spring City Elementary
  • High School: Rhea County High School
  • Levels: Three Or More
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Spring City Middle School
  • Mlg Can View: Yes
Parking
  • Parking Total: .00
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Carpet, Laminate, Tile
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 042 00910 000
  • Structure Type: Triplex
Property and Assessments
  • Construction Materials: Frame, Other
  • Documents Count: 3
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Security Features: Smoke Detector(s)
  • Senior Community: No
  • Year Built Details: Existing
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central, Electric, Natural Gas
  • Heating: Yes
  • Utilities: Electricity Available, Natural Gas Available
Interior and Exterior Features
Interior Features
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
Exterior Features
  • Attached Garage: No
  • Exterior Features: No Dock
  • Pool Private: No
  • Roof: Metal
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Type Beds Total: 3
  • Unit Type Type: 3 Bedroom
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: 1 Bedroom

Property History for 197 Wedgewood Lane

DateEvent & SourcePriceAppreciation
Apr 22, 2026

Price Change

REALTRACS #2931920

$425,000—
Apr 22, 2026

Price Change

KAARMLS #1307644

$425,000—
Aug 12, 2025

Price Change

REALTRACS #2931920

$445,000—
DateEvent & SourcePrice
04/22/2026

Price Change

REALTRACS #2931920

$425,000
04/22/2026

Price Change

KAARMLS #1307644

$425,000
08/12/2025

Price Change

REALTRACS #2931920

$445,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 197 Wedgewood Lane

Taxable ValueLand$1,925Additions$47,175Total$49,100
Tax Record2024$662 ($55 / month)
Home Facts
Beds0Total Finished SqFt3,288 SqFtAbove Grade Finished SqFt1,860 SqFtFinished Basement SqFt1,428 SqFtStories1Lot Size19,602 SqFtStyleSingle Family ResidenceYear Built1982Year Renovated1990CountyRHEAAPN042 00910

Schools near 197 Wedgewood Lane

This home is within Rhea County School District.
Rating
School
Type
Grades
Distance
Spring City Elementary School
Public - PK to 5
Spring City Middle School
Public - 6 to 8
Rhea County High School
Public - 9 to 12
Rhea Middle School
Public - 6 to 8
Rating
School
Distance
Spring City Elementary School
PublicPK to 5

Spring City Middle School
Public6 to 8

Rhea County High School
Public9 to 12

Rhea Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 197 Wedgewood Lane, Spring City, TN 37381

197 Wedgewood Lane is a multi-family home for sale in Spring City, TN 37381. This property was listed for sale on July 9, 2025 by Wallace-Jennifer Scates Group, it's currently listed at $425,000. This listing's school district is Rhea County School District. Nearby schools include Spring City Elementary School, Spring City Middle School and Rhea County High School. 197 Wedgewood Lane is a 6-bed, 2-bath, 4,520 sqft multi-family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Wallace-Jennifer Scates Group, Jennifer Scates (404.403.9855); Wallace-Jennifer Scates Group, Kristen McAllister

Based on information submitted to the MLS GRID as of 04/22/2026 10:20 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.