NOT LISTED FOR SALE

Estimated Value: $410,000 - $816,000

3 Beds
2 Baths
1,900 Sq Ft
$320/Sq Ft Est. Value

Last Sold August 13, 2024

Last sale price $800,000 $421 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $3,252/month

52 Days on Market

Highlights

  • Cooling Available
  • Tile Flooring
  • Central Heating
  • Hardin Valley Elementary School Rated A-

About This Home

As of August 2024

Incredible Investment Opportunity in the Heart of West Knoxville! Income Producing Property with Four Short Term Rental Units! They have grossed over $33,000 through April '24 & tracking $101,000 for the year. Live in one, rent the rest! This 1.45 acre property includes four profitable rental units, fully furnished and ready to go. Units C & D are charming bungalows with studio setup. Guests can enjoy tranquil evenings outside around the fire pit, equipped with string lights and swings. Unit 2 features relaxing hot tub on the deck. Fantastic West Knoxville location--only 15 minutes to Turkey Creek for shopping, restaurants, and entertainment! Come check out this one-of-a-kind property TODAY!

Last Agent to Sell the Property

Carl Young

Young Marketing Group, Realty Executives Brokerage Phone: 8652811321 License #337453 Listed on: 04/22/2024

Young Marketing Group, Realty Executives

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $763

Year Built

  • Built in 2000

Lot Details

  • 1.45

Home Design

  • Quadruplex
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,900 Sq Ft Home
  • Property has 3 Levels

Flooring

  • Tile
  • Slate Flooring

Schools

  • Hardin Valley Elementary School
  • Hardin Valley Middle School
  • Hardin Valley Academy High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • 4 Units
  • Walter Henderson Subdivision

Listing and Financial Details

  • Assessor Parcel Number 117EA003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$763

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2000
  • Inclusions: FURN
  • Unit Levels: Three Or More
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 8652811321
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Wood, Slate, Tile
  • Building Area Units: Square Feet
  • Living Area: 1900
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame, Vinyl Siding, Other
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size: 25.04 X 591.33 X IRR
  • Lot Size Units: Acres
  • Parcel #: 117EA003
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 763

MLS Schools

  • Elementary School: Hardin Valley Elementary
  • High School: Hardin Valley Academy
  • Middle Or Junior School: Hardin Valley Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Aug 8, 2024
Sold by
Williams Colt A and Williams Melissa
Bought by
Burns Jesse C and Burns Luke
Seller's Agent
Carl Young
Young Marketing Group, Realty Executives
List Price
$800,000
Sold Price
$800,000
Views
70
Current Estimated Value
$607,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$192,083
Avg. Annual Appreciation
-21.08%
Original Mortgage
$760,000
Outstanding Balance
$751,531
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$143,614

Purchase Details

Closed on
Mar 20, 2020
Sold by
Henderson Gervis Preston
Bought by
Williams Colt A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,750
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2011
Sold by
Henderson Angela
Bought by
Henderson Gervis Preston

Purchase Details

Closed on
Jul 26, 2006
Sold by
Henderson Gervis P and Henderson Angela
Bought by
Henderson Gervis P and Henderson Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.71%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 19, 2003
Sold by
Henderson Carey M
Bought by
Henderson Gervis P

Purchase Details

Closed on
Oct 1, 1999
Sold by
Henderson Walter G and Henderson Mary K
Bought by
Henderson Gervis P and Henderson Carey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
8.5%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Burns Jesse C $800,000 Superior Title
Williams Colt A $165,000 Admiral Title Inc
Henderson Gervis Preston -- None Available
Henderson Gervis P -- American Title Inc
Henderson Gervis P -- --
Henderson Gervis P $10,000 Executive Real Estate Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Jesse C $760,000
Previous Owner Williams Colt A $156,750
Previous Owner Henderson Gervis P $55,000
Previous Owner Henderson Gervis P $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2024 08/13/24 Sold $800,000 0.0% $421 / Sq Ft
06/13/2024 06/13/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $800,000 -- $421 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $763 $49,125 $0 $0
2023 $763 $49,125 $0 $0
2022 $763 $49,125 $0 $0
2021 $988 $46,600 $0 $0
2020 $988 $46,600 $0 $0
2019 $988 $46,600 $0 $0
2018 $988 $46,600 $0 $0
2017 $988 $46,600 $0 $0
2016 $684 $0 $0 $0
2015 $684 $0 $0 $0
2014 $684 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2825549

Realtracs

APN: 117EA-003