8150 Pelleaux Rd, Knoxville, TN, 37938
About This Home
Attention developers and builders! This is the Kelley Farm--40 contiguous acres of high-potential East Tennessee land perfectly positioned for a premier residential community in the heart of Halls Crossroads, just 20 minutes north of downtown Knoxville. Featuring approximately 31 acres of cleared, open pasture and 9 acres of beautiful woodland, this site is currently zoned to accommodate 3.5 units per acre for an immediate yield of 142 total units. With a solid concept plan, there is an excellent path to re-zone to 4 units per acre, pushing your maximum potential to 162 total units. Infrastructure logistics are highly favorable, boasting over 1,500 linear feet of premium frontage along Norris Freeway, seamless main access from Pelleaux Road, and all essential utilities readily available right at the street. Adding immediate value, the original farmhouse on the property is currently occupied by a month-to-month tenant generating $1,000 per month in rental income, providing a steady holding cash flow while you navigate the engineering, permitting, and planning phases. Location convenience is unmatched for future residents, sitting directly next to Norris Freeway and just moments from the Halls Walmart, extensive shopping, medical facilities, restaurants, and top local schools. Capitalize on Knox County-only taxes and the soaring demand for residential density in this market--bring your concept plan and schedule your site tour today.
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1963
Materials
- Construction materials: Brick,Frame
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: None
Basement
- Has basement: Yes
- Basement: Walk-Out Access,Slab,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Features
- Eat-in Kitchen
- Flooring: Other,Hardwood
- Fireplace features: None
Heating & Cooling
- Heating features: None,Electric
- Cooling features: None
Interior Area
- Total structure area: 1,350
- Total interior livable area: 1,350 sqft
Property
Details
- Parcel number: 028 021
Features
- Has view: Yes
- View description: Mountain(s),Country Setting,Trees/Woods
- Waterfront features: Pond
Lot
- Lot size: 40.46 Acres
- Features: Private,Corner Lot,Irregular Lot,Level,Rolling Slope
- Lot size dimensions: 40.46 acres per Kno x County Records
Parking
- Total spaces: 1
- Parking features: Off Street,Attached,Basement,RV Access/Parking
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Tornado
- Cold Wave
- Earthquake
- Inland Flooding
- Ice Storm
- Landslide
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,180 | $194,160 |
| Home Insurance | $1,224 | $14,688 |
| Property Taxes | $4,026 | $48,312 |
| Electricity | $175 | $2,103 |
| Total | $21,605 | $259,260 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-01 | Listed for sale | $3,200,000 |
| 2024-03-29 | Listing removed | -- |
| 2023-10-04 | Listing removed | $825,000 |
| 2023-08-25 | Pending sale | $825,000 |
| 2023-08-22 | Listed for sale | $825,000 |
| 2023-04-20 | Pending sale | $825,000 |
| 2023-03-31 | Listed for sale | $825,000 |
| 2022-08-09 | Listing removed | $865,000 |
| 2022-06-17 | Listed for sale | $865,000 |
| 2021-05-01 | Pending sale | $865,000 |
| 2021-02-20 | Listed for sale | $865,000 |
| 2021-01-06 | Listing removed | -- |
| 2020-05-04 | Listed for sale | $865,000 |
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