- 3
- beds
- 2
- baths
- 1,395
- sqft
- 1967
- year built
- Status:
- Active
- MLS #:
- 1361609
- County:
- Union
- Listed By:
- Gary Moss - Keller Williams West Knoxville
- Office Phone:
- (865) 966-5005
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!
Highlights
- Residential
- Single Family Residence
- Built in 1967
- 2.28 Acre Lot
- 6 days on Market
-
- Bedrooms
- 3
-
- Bathrooms
- 2
-
- Year Built
- 1967
-
- Architectural Style
- Traditional
-
- Construction Materials
- Frame, Vinyl Siding
-
- Parking Features
- Other
-
- Living Area
- 1395.0
-
- Interior Features
- Walk-In Closet(s), Master Downstairs
-
- Appliances
- Dishwasher, Refrigerator, Range, Tankless Water Heater
-
- Flooring
- Tile
-
- Security Features
- Smoke Detector(s)
-
- Cooling
- Central Air
-
- Heating
- Electric, Heat Pump, Central
-
- Basement
- Crawl Space
-
- Acres
- 2.28
-
- Lot Features
- Level
-
- View
- Trees/Woods
-
- Water
- Public
-
- Area
- Union County - 25
-
- County
- Union
-
- City
- Luttrell
-
- Zip Code
- 37779
-
- High School
- Union County
-
- Middle School
- H Maynard
-
- Elementary School
- Luttrell
-
Nearby Schools
-
56out of 100
-
43out of 100
-
49out of 100
-
53out of 100
-
51out of 100
-
67out of 100
-
76out of 100
-
65out of 100
-
100out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
-
Ask a Question
ez Mortgage Calculator
Enter your details below to estimate your monthly mortgage payment with taxes, fees and insurance.
Please enter a valid number
Cost of the current home: $274900
Please enter a valid number
Cash you pay when you close
Affects interest rates. 30- or 15- year loans are standard.
Default rate is illustrative, set internally by ez Home Search and updated periodically; actual rates vary by lender, credit score, and market conditions.
Please enter a valid number
Please enter a valid number
Typically 0.25% of home value per year.
Please enter a valid number
Homeowners association dues.
$ 0
Monthly
Principal and interest:
Property Taxes:
Homeowners Insurance:
HOA Dues:
$0 (0%)
$0 (0%)
$0 (0%)
$0 (0%)
The ez Mortgage Calculator is for educational purposes only. Real-world interest rates and payments can differ due to factors like market trends, location, and loan specifics. Calculations are based on your inputs and might not consider extra costs a lender may add, such as insurance, taxes, and fees; thus, actual repayments could surpass estimates. Please note, ez Home Search does not provide loans, and this tool does not promise lending.
Price History
| 11/08/2026 | Listed | $274,900 |
| Source: East Tennessee REALTORS MLS #1361609 | ||
| 05/20/2022 | Sold | $250,000 |
| Source: East Tennessee REALTORS MLS #1185531 | ||
| 03/31/2022 | Listed | $219,900 |
| Source: East Tennessee REALTORS MLS #1185531 | ||
| 12/18/2020 | Sold | $38,000 |
| Source: East Tennessee REALTORS MLS #1106956 | ||
| 02/03/2020 | Listed | $39,900 |
| Source: East Tennessee REALTORS MLS #1106956 | ||
Source: MLS Data
Deed History
| 05/25/2022 | Warranty Deed | $250,000 |
| 12/08/2015 | Deed | $23,634 |
| 06/06/1996 | Deed | $0 |
| 04/30/1996 | Deed | $0 |
| 04/30/1996 | Deed | $0 |
| 04/30/1996 | Deed | $25,000 |
Source: Public records via Constellation Data Labs
Mortgage History
| 05/25/2022 | FHA | $245,471 |
| 12/08/2015 | Conventional | $24,250 |
| 10/28/2005 | Conventional | $29,118 |
Source: Public records via Constellation Data Labs
What's your home worth?
Calculate your current home value within seconds.
Similar Listings
Look Throughout Luttrell
There are currently 7 properties available in Luttrell, with 0 under contract to close soon. Properties in the city have an average sale price of $485,950 and typically spend 70 days on the market before being sold.
Want to compare this property to others available for sale in the area? Use our search to find exactly what you want among our 2,000,000+ listings and to see incredible photos to show you what is possible.
With 0 zip codes in Union County, you have many options in the area. Be sure to claim your free ez Home Search account to make sure you get alerts when a property that meets your needs becomes available.
Source: ez Home Search, MLS Data
Frequently Asked Questions
How do I schedule a tour of 501 Wallace Rd?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 501 Wallace Rd.
They know residentials in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 501 Wallace Rd?
Click Ask a Question to talk with our team. You already know it is a 3 bed, 2 bath, listed for $274,900. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Luttrell, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 501 Wallace Rd?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 501 Wallace Rd at around $1,564. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 501 Wallace Rd?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Union County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 501 Wallace Rd?
In most cases, yes. Whether 501 Wallace Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Luttrell's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 501 Wallace Rd?
We can handle that for you. Our preferred local agent specializes in residentials in Luttrell and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $274,900 with 1,395 sqft of space—that comes out to approximately $197 per square foot.
How long has this property been on the market?
501 Wallace Rd was listed on November 08, 2026, which means it's been on the market for 6 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
When was this house built?
This home was built in 1967, making it approximately 59 years old.
What is the lot size of this property?
501 Wallace Rd sits on a 2.28-acre lot, which is 99,317 square feet.
What schools are assigned to this property?
Based on MLS info, this home is zoned for:
- Elementary: Luttrell
- Middle: H Maynard
- High: Union County
Want to see how these schools compare? Check out our Union County School Guide to see ratings, reviews, and more for the schools in the area.
Is 501 Wallace Rd still available for sale?
Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.
Source: ez Home Search, MLS Data
Popular Home Searches in Luttrell, TN
Open Houses Near Luttrell, TN
Land for Sale Near Luttrell, TN
Townhomes for Sale Near Luttrell, TN
Waterfront Homes for Sale Near Luttrell, TN
Waterfront Condos for Sale Near Luttrell, TN
Homes with Pools for Sale Near Luttrell, TN
Gated Community Homes for Sale Near Luttrell, TN
Homes with No Hoa for Sale Near Luttrell, TN
Homes in Adult Communities for Sale Near Luttrell, TN
Search Nearby Cities
Search Nearby Counties
Search Nearby Postal Codes
Listing information 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. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, East Tennessee REALTORS MLS. All rights reserved.
Last Updated: November 14, 2026 at 09:56AM | Source: East Tennessee REALTORS MLS | MLS#: 1361609
