3168 W Gallaher Ferry, Knoxville, TN

$2,350,000

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5

Beds

6

Baths

5,750

Square feet

10.58

Acres

About 3168 W Gallaher Ferry

**OWNER FINANCING AVAILABLE AS LOW AS 4.8%!** This Private, Gated, Architect-Designed Multigenerational Country Lakefront Estate is offered below comparables as the remodeling continues. The price will increase as the major projects are completed. A list of improvements since acquisition includes: 2000ft of concrete driveway with large turn-arounds at the road, the workshop, and at the lakeside, a Full-function communicating front gate, Upgrade from 3-bedroom home to 6-bedroom home, A 900sqft woodworking shop with its own septic, which can be used as a anything from a recreation building to a stunning space to store and display collections, A full-gut remodel of the 1100-square-foot Master Retreat was completed in 2023. It includes 360-degree windows for fresh air, heated natural stone marble floors, showers and shelving spaces, a 400-sqft covered wrap-around 2nd story balcony with French entry doors in both the bathroom and in the bedroom, and a 400sqft private loft study. The HVAC was gutted and replaced with two 5-ton Waterfurnace Series 7 geothermal heat pumps in 2022. A 750sqft poured concrete basement was added in 2022 to serve the second geothermal unit and the solar mechanical equipment. This structure features a full bathroom, 450sqft of rough shelved storage, and 300sqft safe room/vault space. Finally, the solar installation, which handles all of the property's electrical needs: The installation provides as much as $4,500 of free electricity. For those not interested in solar power, the fully off-grid system can be abandoned with the switch of a circuit breaker, as municipal power from LCUB is maintained on the property. An automatic transfer switch will flip the electricity seamlessly from Solar to LCUB as desired. The system has been in operation since 2017 with a battery installation in 2019. All components benefit from a 10-year manufacturer's warranty, and are managed for a cost by Lloyd's Electric, the MSA's premier commercial/industrial electrical contractor.The space is complete and lived-in as it is, and it is lovely. It features a full gut remodel of the main kitchen in 2014, which includes oversized cabinets, Wolf/Sub Zero appliances, and an open, yet intimate floorplan. All of the bathrooms were full gut remodeled in 2023, which included all new plumbing, fixtures, and natural stone marble shower surrounds, floors, and vanity tops. The ongoing construction includes: Planning and construction of a master retreat on the main floor, scheduling and planning replacement of all windows and doors, a bathroom installation at lakeside, and removal of the EIFS stucco to be replaced by brick. Hundreds of smaller projects have been completed over the last year. Yet, the remaining projects are significant, and they are ongoing. As the projects progress to completion, their cost will be incorporated into the listed price of the property. As it stands, significant discounts were applied to the listing price to accommodate the end user that might want to save money on their next home purchase in exchange for doing the work at their own convenience.

Features of 3168 W Gallaher Ferry

MLS® # 1237218
Price $2,350,000
Bedrooms 5
Bathrooms 6.00
Full Baths 5
Half Baths 1
Square Footage 5,750
Square Footage Owner
Acres 10.58
Year Built 1998
Type Residential
Sub-Type Residential
Style Contemporary, Solar
Status Active

Community Information

Address 3168 W Gallaher Ferry
Area Knox County
City Knoxville
State TN
Zip Code 37932

Amenities

Features Internet Available, Walk-in Closets, Walk-in Shower, Washer/Dryer Connect, Wet Bar, Pantry, Island in Kitchen, Cathedral Ceiling, Storm Shelter, Wired for Internet
Parking Attached, Main Level, Side/Rear Entry
Garages Attached, Garage Door Opener, Main Level, Side/Rear Entry
View Lake View, Seasonal Lake View
Has Pool No

Interior

Appliances Dishwasher, Refrigerator, Disposal, Microwave, Compactor, Intercom, Smoke Detector, Security Alarm, Self Cleaning Oven, Central Vacuum, Washer, Dryer, Gas Grill, Tankless Wtr Htr, Gas Stove
Heating Central, Heat Pump, Geo Heat (Closed Lp), Zoned Heating
Cooling Ceiling Fan, Central Cooling, Zoned Air Cond
Fireplace Yes
Fireplaces Gas
Has Basement Yes
Basement Finished, Walkout

Exterior

Exterior Features Porch - Covered, Windows - Wood, Boat - Dock, Prof Landscaped, Deck, Patio, Windows - Insulated, Balcony, Doors - Energy Star
Lot Description Wooded, Lake Front, Private, Lake Access, Waterfront Access
Construction Concrete Block, Frame

School Information

Elementary Hardin Valley
Middle Hardin Valley
High Hardin Valley Academy

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

OfficeReMax First

Listing Map

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