BEARDEN OFFICE
(865) 584-4000
info@wallacetn.com
140 Major Reynolds Place
Knoxville, TN 37919
DOWNTOWN OFFICE
865-342-1111
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625 S. Gay Street #205
Knoxville, TN 37902
FARRAGUT OFFICE
865-966-1111
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10815 Kingston Pike
Knoxville, TN 37934
LAKESIDE OFFICE
865-342-4200
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9420 Northshore Drive, Suite 101
Knoxville, TN 37922
NORTH OFFICE
865-687-1111
info@wallacetn.com
3009 Tazewell Pike
Knoxville, TN 37918
NORTHSHORE & PROPERTY MANAGEMENT OFFICE
865-584-4700
info@wallacetn.com
813 S. Northshore Drive, Suite 101
Knoxville, TN 37919
UPPER CUMBERLAND
931-404-1111
info@wallacetn.com
80 Miller Avenue #104
Crossville, TN 38555
WEST OFFICE
865-693-1111
info@wallacetn.com
106 N. Peters Road
Knoxville, TN 37923
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Built in 1960, this ranch-style home offers 1,340 square feet of living space, including the walk-out basement level. Original hardwood floors add warmth and character throughout much of the home, while several important updates provide peace of mind, including replacement windows, an updated electrical panel, and an updated bathroom.
The kitchen offers ample cabinet space and comes fully equipped with all appliances conveying to the new owner, making move-in simple and convenient. Natural light fills the living spaces, creating a warm and welcoming atmosphere throughout the home.
The walk-out basement expands the home's functionality, providing flexible bonus space that can be used for a entertaining space, home office/quiet study area, workout area, hobby room, or additional living space. You'll also find a dedicated laundry area, abundant storage, and access to the one-car garage.
Outside, the spacious backyard offers plenty of room to relax, entertain, garden, or enjoy time with family and friends. The patio creates the perfect setting for grilling and outdoor gatherings, while ample off-street parking provides convenience for multiple vehicles and guests.
Nestled in an established South Knoxville neighborhood, this home offers the charm of a quiet residential setting while remaining just minutes from the University of Tennessee campus, downtown Knoxville, Market Square, local restaurants, shopping, entertainment, and the Urban Wilderness trail system. Whether you're searching for your first home, an investment property, or housing for a UT student, 507 Tipton Ave delivers affordability, flexibility, and location in one attractive package.