NOT LISTED FOR SALE

12408 Palm Beach Way Knoxville, TN 37922

Concord Neighborhood

Estimated Value: $926,000 - $1,209,000

3 Beds
2.5 Baths
2,980 Sq Ft
$370/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $865,000 $290 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,161/month

13 Days on Market

Highlights

  • Boat Ramp
  • Gated Community
  • Waterfront
  • Northshore Elementary School Rated A-
  • Lake View
  • Landscaped Professionally

About This Home

As of October 2021

Welcome Home!!...To This Gorgeous Traditional Brick Beauty Sitting on Over Half Acre Cul-De-Sac Lot in Highly Sought-After Gated Community of Lake Cove!!! Open Floor Plan, Exceptional Finishes. Vaulted Great Room with Stone Fireplace & Hand-Scraped Hardwood Floors Upstairs & Down!! Gourmet Kitchen w/Designer Granite, SS Appliances, Spacious Island, & Huge Pantry. Master on Main w/Backlit Coffered Ceiling, Spa Bath, and His/Her Walk-In Closets. Granite & Tile in Each Bath. Oversized Bonus Room w/Closet, For Optional 4th Bedroom! New Plantation Shutters Throughout, Entire Home on Water Softening System, Beautiful New Sunroom, New Deck w/Pergola, Fenced Yard, & Community Ramp/Pier for Lake Access Outdoor Fun! Minutes to Restaurants, Shopping, Top Schools & I-40/75!! A Rare Gem!

Last Agent to Sell the Property

Michael Cooper

Realty Executives Associates License #336655 Listed on: 08/28/2021

Realty Executives Associates

Last Buyer's Agent

Karen Greene

Keller Williams West Knoxville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,735

Year Built

  • Built in 2016

Lot Details

  • 0.6 Acre Lot
  • Waterfront
  • Cul-De-Sac
  • Fenced Yard
  • Landscaped Professionally
  • Corner Lot

HOA Fees

  • $33 Monthly HOA Fees

Parking

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

Property Views

  • Lake
  • Seasonal

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shake Roof
  • Shingle Siding

Interior Spaces

  • 2,980 Sq Ft Home
  • Central Vacuum
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Stone Fireplace
  • ENERGY STAR Qualified Windows
  • Vinyl Clad Windows
  • Great Room
  • Breakfast Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Sun or Florida Room
  • Storage Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Northshore Elementary School
  • Farragut Middle School
  • Farragut High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Internet Available

Listing and Financial Details

  • Property Available on 8/28/21
  • Assessor Parcel Number 162md011

Community Details

Overview

  • Association fees include all amenities
  • Lake Cove Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

  • Boat Ramp
  • Boat Dock

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,735

Year Built

Built in 2016

Lot Details

0

HOA Fees

$33 per month

Parking

3

Listing Details

  • Directions: West on Northshore to roundabout near Weigels. Left onto Choto Road. Second left into Lake Cove on Palm Beach Way. House on Right in cul-de-sac. Sign on property.
  • Property Sub Type: Single Family Residence
  • Prop. Type: Single Family
  • Year Built: 2016
  • Lot Size Acres: 0.6
  • Subdivision Name: Lake Cove
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • General Property Description:Lot Size SqFt: 25537.0
  • Lot Description:Cul-De-Sac: Yes
  • Lot Description:Corner Lot: Yes
  • Lot Description:Waterfront Access: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 1752.0
  • General Property Description:SqFt - 2nd Flr Lvl: 1228.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: Yes
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Hardwood: Yes
  • Fuel:Electric: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Closets: Yes
  • Misc Features:Walk-in Shower: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Dining Area:KitchenDining Rm Co: Yes
  • Siding:Brick2: Yes
  • Floors:Tile2: Yes
  • View:Seasonal Lake View: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • Heat:Forced Air: Yes
  • Dining Area:Breakfast Bar: Yes
  • Dining Area:Breakfast Room2: Yes
  • Siding:Shingle Shake: Yes
  • Location Tax Legal Info:Property Sub-Type: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Self Cleaning Oven
  • Basement YN: No
  • Has Basement: Crawl Space
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Stone, Wood Burning, Gas Log
  • Fireplaces: 1
  • Flooring: Hardwood, Tile
  • Interior Amenities: Walk-In Closet(s), Cathedral Ceiling(s), Kitchen Island, Pantry, Breakfast Bar, Eat-in Kitchen, Central Vacuum
  • Window Features: Window - Energy Star
  • Fireplace:Gas Log: Yes
  • Basement:Crawl Space: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Security Alarm: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Extra Storage3: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Fireplace:Wood Burning: Yes
  • Other Rooms:Sunroom: Yes
  • Other Rooms:Great Room: Yes
  • Misc Features:Island in Kitchen: Yes
  • Other Rooms:Breakfast Room: Yes
  • Fireplace:Stone2: Yes
  • Appliances:Central Vacuum: Yes

Exterior Features

  • Exterior Features: Windows - Vinyl, Prof Landscaped
  • View: Seasonal Lake View
  • Lot Features: Lake/Water Access, Cul-De-Sac, Corner Lot
  • Construction Type: Brick, Shingle Shake
  • Patio And Porch Features: Porch - Covered, Deck
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Windows - Vinyl: Yes
  • Construction:Brick5: Yes
  • Exterior Features:Prof Landscaped: Yes
  • Exterior Features:Window - Energy Star: Yes

Garage/Parking

  • GarageParkingGarageSpaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Garage Door Opener, Attached, Main Level
  • GarageParking:Attached2: Yes
  • GarageParking:Garage Door Opener: Yes
  • GarageParking:SideRear Entry: Yes
  • GarageParking:Main Level: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Security: Gated Community, Security Alarm, Smoke Detector
  • Cooling Y N: Yes
  • Heating: Central, Forced Air, Natural Gas, Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

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

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Dock2: Yes
  • Community Amenities:Lake Access2: Yes
  • Association Fee Incl:All Amenities: Yes

Fee Information

  • Association Fee Includes: All Amenities

Schools

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

Lot Info

  • Lot Size Sq Ft: 25537.0
  • Parcel #: 162md011

Rental Info

  • Available Date: 2021-08-28

Tax Info

  • Tax Annual Amount: 2735.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2016
Closed on
Jul 28, 2016
Sold by
Wright Brothers Construction Of Knoxvill
Bought by
Austin Ronald C and Austin Linda
Seller's Agent
Elizabeth Wright
Alliance Sotheby's International
Buyer's Agent
Elizabeth Wright
Wallace
Sold Price
$487,000
Current Estimated Value
$1,102,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$615,467
Avg. Annual Appreciation
9.26%
Original Mortgage
$462,650
Outstanding Balance
$365,646
Interest Rate
3.19%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$736,821

Purchase Details

Closed on
Nov 1, 2013
Sold by
Davin Kenneth Ray
Bought by
Wright Brothers Construction Of Knoxvill

Purchase Details

Closed on
Sep 24, 2013
Sold by
Citizens First Bank
Bought by
Wright Brothers Construction Of Knoxvill
Source: Public Records

Range of Values:

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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
Austin Ronald C $487,000 Admiral Title Inc
Wright Brothers Construction Of Knoxvill -- Lincoln Title Llc
Wright Brothers Construction Of Knoxvill $110,000 Lincoln Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Austin Ronald C $462,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2021 10/28/21 Sold $865,000 +77.6% $290 / Sq Ft
07/28/2016 07/28/16 Sold $487,000 -- $174 / Sq Ft View Prior Sale
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 $3,393 $218,325 $0 $0
2023 $3,393 $218,325 $0 $0
2022 $3,393 $218,325 $0 $0
2021 $2,735 $129,000 $0 $0
2020 $2,735 $129,000 $0 $0
2019 $2,735 $129,000 $0 $0
2018 $2,735 $129,000 $0 $0
2017 $2,735 $129,000 $0 $0
2016 $1,705 $0 $0 $0
2015 $406 $0 $0 $0
2014 $406 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Cooper

    Seller's Agent in 2021

    Michael Cooper

    Realty Executives Associates

    (865) 805-1487

    2 in this area

    112 Total Sales

    Michael Cooper
    Section Image

  • K

    Buyer's Agent in 2021

    Karen Greene

    Keller Williams West Knoxville

  • S

    Buyer's Agent in 2021

    STEPHANIE FREEMAN

    Crye-Leike, REALTORS

  • Elizabeth Wright

    Seller's Agent in 2016

    Elizabeth Wright

    Alliance Sotheby's International

    (865) 357-3232

    15 in this area

    78 Total Sales

    Elizabeth Wright
    Section Image
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1165137

East Tennessee REALTORS® MLS

APN: 162MD-011

Tennessee Knox County Knoxville 37922 Concord

12408 Palm Beach Way, Knoxville, TN

This home is located at 12408 Palm Beach Way, Knoxville, TN 37922 since 28 August 2021 and is currently estimated at $1,102,467, approximately $369 per square foot. This property was built in 2016. 12408 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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