CIC Tennessee

Broker | License ID: 231726

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$ 304,000

$ 299,900 1.4%

Est. payment -/mo

Sold on 07/14/2026

507 Tipton Ave Knoxville, TN 37920

3 Beds

1 Bath

1,340 SqFt

UPDATED:

Key Details

Sold Price $304,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,340 sqft

Price per Sqft $226

Subdivision M R Bush

MLS Listing ID 1343560

Style Traditional

Bedrooms 3

Full Baths 1

Year Built 1960

Lot Size 7,840 Sqft

Property Sub-Type Single Family Residence

Property Description

Opportunities like 507 Tipton Ave in South Knoxville don't come along often--a well-maintained three-bedroom home just minutes from the University of Tennessee and downtown Knoxville that offers exceptional flexibility for homeowners, students, and investors alike. Perfect for first-time buyers ready to stop paying rent and start building equity, investors looking to expand their rental portfolio, or University of Tennessee parents seeking a smart housing solution for their student, this property offers endless possibilities. The three-bedroom layout provides an ideal setup for roommates to help offset housing expenses while allowing everyone the privacy of their own bedroom. With its convenient location, functional floor plan, and broad appeal, this adorable South Knoxville home is full of opportunity.

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.

Location

State TN

County Knox County - 1

Area 0.18

Rooms

Other Rooms Basement Rec Room, LaundryUtility, Bedroom Main Level, Extra Storage

Dining Room Breakfast Bar

Interior

Heating Central, Heat Pump, Natural Gas, Electric

Cooling Central Cooling, Ceiling Fan(s)

Flooring Laminate, Hardwood, Tile

Fireplaces Type None

Laundry true

Exterior

Exterior Feature Windows - Vinyl

Parking Features Garage Faces Side, Garage Door Opener, Designated Parking, Basement

Garage Spaces 1.0

Garage Description Basement, Garage Door Opener, Designated Parking

View Other

Building

Lot Description Corner Lot, Level

Sewer Public Sewer

Water Public

Structure Type Block,Frame,Other

Schools

Elementary Schools Dogwood

Middle Schools South Doyle

High Schools South Doyle

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Wallace

NEARBY SCHOOLS & PROPERTIES

CIC Tennessee

Broker | License ID: 231726

+1(833) 242-7007

GET MORE INFORMATION

507 Tipton Ave Knoxville, TN 37920

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION

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