197 Wedgewood Ln

Spring City, TN 37381

$445,000
Price
—
Beds
—
Baths
4,520 Sq. Ft.
$98 / Sq. Ft.
4,520
Sq. Ft.
$98
per Sq. Ft.
yard 3_1
drone 5_1
drone 1_1
drone 2_1
drone 3_1
drone 6_1
drone 8_1
drone 9_1
exterior 1_1
exterior 2_1
exterior 3_1
exterior 4_1
exterior 5_1
exterior_1
yard 1_1
yard 2_1
yard 4_1
yard 5_1
yard 6_1
yard_1
kitchen 1_1
kitchen 2_1
kitchen 3_1
kitchen 4_1
kitchen_1
laudnry_1
living 1_1
living 2_1
living_1
bed_1
balcony 1_1
balcony_1
dining 1_1
dining 2_1
dining_1
kitchen 1_1
kitchen 2_1
kitchen 3_1
kitchen 4_1
kitchen 5_1
kitchen 6_1
kitchen_1
laundry 1_1
laundry_1
living 1_1
living 2_1
living_1
second bed 2_1
third bath
bed_1
third bed
mil suite 1_1
mil suite_1
bath_1
drone 4_1
drone_1
drone 7_1

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

Amenities

  • Air Conditioning
  • Basement
  • Game Room
  • Parking Included
  • Private Outdoor Space
  • Washer / Dryer in Unit
LISTING UPDATED: 08/12/2025 02:36 PM

Property Details for 197 Wedgewood Lane

StatusActive
MLS #1307644
Days on Market185
Taxes$992 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1982
Lot Size0.00 AC / 0 SF
CountyRhea County

Location

Listing Courtesy of Wallace Jennifer Scates Group, Jennifer Scates
Add your commute

Building Information for 197 Wedgewood Lane

Stories-Residences3Year Built1982Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$2,252 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,169

Property Taxes

$83

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 197 Wedgewood Lane

Summary
Location and General Information
  • City: Spring City
  • County Or Parish: Rhea County - 42
  • 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.
  • Latitude: 35.65665
  • Longitude: -84.880452
  • MLS Area Major: Rhea County - 42
  • MLS Area Minor: Rhea County - 42
  • Postal Code: 37381
  • State Or Province: TN
  • Location Tax Legal Info Area: Rhea County - 42
  • Remarks Misc 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.
Parking
  • Attached Garage: No
  • Parking Features: On Premise Parking
  • General Property Description Driveway: 1
  • Garage Parking On Premise Parking: True
School Information
  • Elementary School: Spring City
  • High School: Rhea County
  • Middle Or Junior School: Spring City
  • Location Tax Legal Info Elementary School: Spring City
  • Location Tax Legal Info Middle School: Spring City
  • Location Tax Legal Info High School: Rhea County
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 042 009.10
  • Location Tax Legal Info Total Tax: 992.43
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Building Area Source: Tax Records
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
  • Year Built: 1982
  • Building Area Total: 4520.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.0
  • Lot Size Dimensions: 100 X 207.8 and 300 x 188
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 100 X 207.8 and 300 x 188
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 0.0
  • Fuel Electric: True
  • Fuel Gas (Natural): True
  • Misc Features Internet Available: True
  • Miscellaneous WasherDryer Cnctns: True
Interior and Exterior Features
Exterior Features
  • Exterior Features: Windows - Vinyl
  • Construction Materials: Frame, Other
  • Siding Other: True
  • Exterior Features Deck: True
  • Exterior Features Patio: True
  • Exterior Features Porch - Covered: True
  • Exterior Features Windows - Vinyl: True
  • Misc Features Pantry: True
Interior Features
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Kitchen Appliances: Range, Refrigerator
  • Flooring: Laminate, Carpet, Tile
  • Heating: Yes
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Floors Laminate: True
  • Floors Tile: True
  • Heat Central: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Appliances Smoke Detector: True
  • Other Rooms Basement Rec Room: True
  • Other Rooms Family Room: True
  • Other Rooms Mstr Bdrm Main Level: True
  • Other Rooms Separate Dining Room: True
  • Other Rooms Split Bedroom: True
  • Roof Metal: True
  • Misc Features Walk-in Shower: True
  • Misc Features WasherDryer Connect: True
Multi Family
Multi-Family Information
  • Number Of Units Total: 3
  • Type of Units Efficiency Unit: True
  • Type of Units 2 Bedroom Unit: True
  • Type of Units 3 or more Bdrm Units: True
Unit 1
  • Unit 1 Unit Number: 1
  • Unit 1 Beds Total: 2
  • Unit 1 Squarefeet: 1120.0
  • Unit 1 Furnished: Unfurnished
Unit 2
  • Unit 2 Unit Number: 2
  • Unit 2 Beds Total: 3
  • Unit 2 Squarefeet: 3000.0
  • Unit 2 Furnished: Unfurnished
Unit 3
  • Unit 3 Unit Number: 3
  • Unit 3 Beds Total: 1
  • Unit 3 Squarefeet: 400.0
  • Unit 3 Furnished: Unfurnished
Rental
Rent Information
  • General Property Description Restrictions: No
  • Tenant Expenses Cooling: Central Cooling
  • Tenant Expenses Heating: Central,Natural Gas,Electric

Property History for 197 Wedgewood Lane

DateEvent & SourcePriceAppreciation
Aug 12, 2025

Price Change

REALTRACS #2931920

$445,000—
Aug 12, 2025

Price Change

KAARMLS #1307644

$445,000—
Jul 9, 2025

Price Change

REALTRACS #2931920

$475,000—
Jul 9, 2025

Listed (Active)

KAARMLS #1307644

$475,000—
Jun 12, 2008

Expired

KAARMLS #554071

—
Nov 9, 2007

Price Change

KAARMLS #554071

$704,800—
May 12, 2007

Listed (Active)

KAARMLS #554071

$135,900—
DateEvent & SourcePrice
08/12/2025

Price Change

REALTRACS #2931920

$445,000
08/12/2025

Price Change

KAARMLS #1307644

$445,000
07/09/2025

Price Change

REALTRACS #2931920

$475,000
07/09/2025

Listed (Active)

KAARMLS #1307644

$475,000
06/12/2008

Expired

KAARMLS #554071

—
11/09/2007

Price Change

KAARMLS #554071

$704,800
05/12/2007

Listed (Active)

KAARMLS #554071

$135,900

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 $445,000. 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 0-bed, 0-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

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 08/12/2025 02:36 PM