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Knoxville, TN
Asking price
$699,900
Property Details
Sequoyah Hills is one of Knoxville's most established residential neighborhoods, known for its distinctive homes, mature landscape, and proximity to downtown and the University of Tennessee. Glossy Dwellings acquired 726 Scenic Drive because it offered a rare combination of location, existing character, and significant redevelopment potential. With an established home on Scenic Drive and the opportunity for substantial improvement, the property presented a compelling opportunity in a neighborhood where location continues to support long-term value.
Disciplined Analysis
*Location Supports the Redevelopment Potential* 726 Scenic Drive is located in Sequoyah Hills, one of Knoxville's most established residential neighborhoods. Our analysis included a conceptual redevelopment plan of approximately 4,000 square feet, supported by an estimated completed value of approximately $1.575 million based on comparable home sales in the area. The home is being offered as-is, giving the next owner the opportunity to pursue their own vision for the property.
The Property
Photography
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How We Evaluate
Before we purchase, every home is rated across the fundamentals that drive long-term value. Five stars is the strongest rating, and the ratings below are recorded at acquisition.
Current Condition
This property is being offered as-is, providing the next owner with the flexibility to determine its future.
Looking Ahead
As part of our due diligence, Glossy Dwellings developed a conceptual plan to transform the existing home into a luxury residence of approximately 4,000 square feet, designed to complement the surrounding neighborhood.
That redevelopment concept was submitted as part of our financing process, and the proposed project was supported by an estimated completed value of approximately $1.575 million, based on comparable luxury home sales in the area.
Conceptual analysis only. The proposed residence and completed value are estimates based on comparable luxury home sales in the area; any larger redevelopment is subject to applicable approvals. This is not a guaranteed valuation, approved construction, or a committed redevelopment.
Location
Sequoyah Hills is widely regarded as one of Knoxville's premier residential neighborhoods. Its tree-lined streets, historic homes, proximity to the Tennessee River, and convenient access to Downtown Knoxville, Bearden, and the University of Tennessee continue to make it among the city's most desirable places to live.
The Company
Glossy Dwellings identifies, acquires and transforms residential properties across East Tennessee.
Learn more about Glossy DwellingsContact
Speak with Glossy Dwellings about 726 Scenic Drive.
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