NOT LISTED FOR SALE

12405 Palm Beach Way Knoxville, TN 37922

Concord Neighborhood

Estimated Value: $1,106,000 - $1,228,000

4 Beds
4 Baths
3,377 Sq Ft
$344/Sq Ft Est. Value

Last Sold March 13, 2020

Last sale price $655,000 $194 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,516/month

Highlights

  • Access To Lake
  • Craftsman Architecture
  • Countryside Views
  • Northshore Elementary School Rated A-
  • Landscaped Professionally
  • Wood Flooring

About This Home

As of March 2020

This is one of those special homes where memories are made with this architecturally designed, new construction, Craftsman style home in water front community with 2 car garage. Main level offers large eat in kitchen with cabinets galore, granite, double oven, pot filler, gas cook top, island, & custom pantry. Open floor plan offers a great room with coffered wood beam ceiling, built ins, brick wood burning fireplace plus large 16 x 14 dining/keeping room. Watch the lake sunrise on your covered back porch in this water front community with boat ramp. 17 x16 main level master offers wood beams & enjoy large tile shower with rain head, 2 body sprays, hand held plus free standing tub. 2nd bedroom or study on main level with full Bath 2nd floor offers 2 large bedrooms, 2 full bath plus huge 22 x 22 bonus. Convenient to parks, recreation areas, marinas, Turkey Creek shopping, and dining.

Last Agent to Sell the Property

Mindy Newman

Wallace License #300292 Listed on: 02/22/2020

Wallace

Last Buyer's Agent

Leslie Henry

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,737

Year Built

  • Built in 2020

Lot Details

  • 0.45 Acre Lot
  • Cul-De-Sac
  • Landscaped Professionally

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Stone Siding

Interior Spaces

  • 3,377 Sq Ft Home
  • Wood Burning Fireplace
  • Brick Fireplace
  • ENERGY STAR Qualified Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • ENERGY STAR Qualified Doors
  • Great Room
  • Dining Room
  • Bonus Room
  • Countryside Views
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • Attached Garage
  • Parking Available
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Outdoor Features

  • Access To Lake
  • Covered Patio or Porch

Schools

  • Farragut Middle School
  • Farragut High School

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Lakecove S/D Unit 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 162md008

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,737

Year Built

Built in 2020

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Directions: Northshore West to Left on Choto to Left into Lake Cove Subdivision
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2020
  • Lot Size Acres: 0.45
  • Lot Size: 25 X 195.94 X IRR
  • Subdivision Name: Lakecove S/D Unit 1
  • Architectural Style: Craftsman
  • Property Attached Yn: No
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Stove, Tankless Wtr Htr, Smoke Detector, Self Cleaning Oven
  • Has Basement: Slab
  • Fireplace: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Brick, Wood Burning
  • Fireplaces: 1
  • Flooring: Carpet, Hardwood, Tile
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Window - Energy Star, Windows - Vinyl, Windows - Insulated, Patio, Porch - Covered, Prof Landscaped, Cable Available (TV Only), Doors - Energy Star
  • View: Country Setting
  • Lot Features: Cul-De-Sac, Lake Access
  • Construction Type: Fiber Cement, Stone

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Garage Door Opener, Attached, Side/Rear Entry, Main Level

Utilities

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

Condo/Co-op/Association

  • Association Fee: 400.0
  • Association Fee Frequency: Yearly
  • Association: Yes

Schools

  • High School: Farragut
  • Middle Or Junior School: Farragut

Lot Info

  • Lot Size Sq Ft: 19859.0
  • Parcel #: 162md008
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2020
Closed on
Mar 13, 2020
Sold by
Amberwood Construction & Development Llc
Bought by
Ellam Lee M and Ellam Jessica
Seller's Agent
Mindy Newman
Wallace
Buyer's Agent
Leslie Henry
Keller Williams
Sold Price
$655,000
Current Estimated Value
$1,162,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,917
Avg. Annual Appreciation
10.79%
Original Mortgage
$573,163
Outstanding Balance
$506,650
Interest Rate
3.4%
Mortgage Type
VA
Estimated Equity
$656,267

Purchase Details

Closed on
Sep 18, 2018
Sold by
Nutt Properties Llc
Bought by
Amberwood Construction & Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2011
Sold by
Home Federal Bank Of Tennessee
Bought by
Nutt Properties Llc

Purchase Details

Closed on
Dec 7, 2011
Sold by
Lake Cove Properties Llc
Bought by
Home Federal Bank Of Tennessee
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
Ellam Lee M $655,000 Concord Title
Amberwood Construction & Development Llc $49,000 Melrose Title Company Llc
Nutt Properties Llc $950,000 None Available
Home Federal Bank Of Tennessee $1,020,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellam Lee M $573,163
Previous Owner Amberwood Construction & Development Llc $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2020 03/13/20 Sold $655,000 -- $194 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $3,737 $240,500 $0 $0
2023 $3,737 $240,500 $0 $0
2022 $3,467 $223,100 $0 $0
2021 $3,128 $147,525 $0 $0
2020 $2,777 $131,000 $0 $0
2019 $371 $17,500 $0 $0
2018 $371 $17,500 $0 $0
2017 $371 $17,500 $0 $0
2016 $406 $0 $0 $0
2015 $406 $0 $0 $0
2014 $406 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mindy Newman

    Seller's Agent in 2020

    Mindy Newman

    Wallace

    (865) 310-1646

    11 in this area

    80 Total Sales

    Mindy Newman
    Section Image

  • L

    Buyer's Agent in 2020

    Leslie Henry

    Keller Williams

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1108702

East Tennessee REALTORS® MLS

APN: 162MD-008

Tennessee Knox County Knoxville 37922 Concord

12405 Palm Beach Way, Knoxville, TN

This home is located at 12405 Palm Beach Way, Knoxville, TN 37922 since 22 February 2020 and is currently estimated at $1,162,917, approximately $344 per square foot. This property was built in 2020. 12405 Palm Beach Way is a home located in Knox County with nearby schools including Northshore Elementary School, Farragut Middle School, and Farragut High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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