NOT LISTED FOR SALE

1316 University Ave Unit 1 Knoxville, TN 37921

Mechanicsville Neighborhood

Estimated Value: $177,000 - $630,000

6 Beds
4 Baths
2,738 Sq Ft
$138/Sq Ft Est. Value

Last Sold March 27, 2019

Last sale price $71,999 $26 Per Sq Ft

Est. 403% increase in value since last sale

Current estimated payment $2,340/month

28 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • 2-minute walk to Frajan Campbell Park
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of March 2019

JUST BLOCKS FROM UT, Knoxville College, Fort Sanders, and Downtown! Situated right between I-40 and I-275 in Mechanicsville, an up and coming real estate market. ZONED R-2, this 4-PLEX can be renovated in many ways attractive to college students! (See MPC for more info.) Built in 1899, this building has withstood the test of time, but significant renovations are required. SOLD AS-IS. CASH/CONVENTIONAL ONLY. Rental History (but info may be limited).

Last Agent to Sell the Property

Tracy King

Your Home Sold Guaranteed Real License #302880 Listed on: 02/15/2019

Your Home Sold Guaranteed Real

Last Buyer's Agent

Tracy King

Your Home Sold Guaranteed Real License #302880 Listed on: 02/15/2019

Your Home Sold Guaranteed Real

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1899

Lot Details

  • 5,663

Home Design

  • Quadruplex
  • Frame Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heat Pump System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 249

Property Details

Home Type

Multi-Family

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1899
  • Zoning: Residential
  • Reso Property Sub Type: Quadruplex
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: 612
  • Garage Yn: No
  • Location Tax and Legal Tax Lot2: 249
  • Location Tax and Legal:Tax Annual Amount: 1892.0
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Bonus Room YN2: No
  • General Property Information Home Warranty YN: No
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Cooling Wall Unit(s): Yes
  • General Property Information Number Of Units Total2: 4.0
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Street Number Modifier: 1316

Exterior Features

  • Home Warranty: No
  • Construction Type: Frame
  • Construction Materials:Frame: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Wall Unit(s), Window Unit(s), Other
  • Heating: Baseboard, Electric, Heat Pump, Other
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1892.0
  • Tax Lot: 249

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2021
Sold by
Long And Seals Properties Llc
Bought by
Td Seals Homes Llc
Current Estimated Value
$362,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 15, 2019
Closed on
Mar 27, 2019
Sold by
Mechanicsville Property Development Inc
Bought by
Long And Seals Properties Llc
Seller's Agent
Tracy King
Your Home Sold Guaranteed Real
Buyer's Agent
Tracy King
Your Home Sold Guaranteed Real
List Price
$69,999
Sold Price
$71,999
Premium/Discount to List
$2,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.89%

Purchase Details

Closed on
Jul 17, 2013
Sold by
Jabari Gholam H
Bought by
Mechanicsville Property Development Inc

Purchase Details

Closed on
Jan 18, 2013
Sold by
Sigler Dannie
Bought by
Jabari Gholam H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2011
Sold by
Knox Investments Real Estate Investors L
Bought by
Sigler Dannie

Purchase Details

Closed on
Nov 5, 2010
Sold by
Owb Reo Llc
Bought by
Knox Investments Real Estate Investors L

Purchase Details

Closed on
Nov 4, 2010
Sold by
Onewest Bank Fsb
Bought by
Owb Reo Llc

Purchase Details

Closed on
Jan 6, 2010
Sold by
Kingery Kevin W and Kingery Kevin
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Oct 2, 2006
Sold by
Smith Jennifer M
Bought by
Kingery Kevin

Purchase Details

Closed on
Mar 10, 2006
Sold by
Phifer Bernard E
Bought by
Smith Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2005
Sold by
Floyd Donald Craig and Floyd Paula
Bought by
Phifer Bernard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,520
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
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
Td Seals Homes Llc -- Foothills Title Services Inc
Long And Seals Properties Llc $71,999 Foothills Title Services Inc
Mechanicsville Property Development Inc -- First Priority Title Co
Jabari Gholam H $60,000 None Available
Sigler Dannie -- First Priority Title Co Inc
Knox Investments Real Estate Investors L $22,000 Resource Title Agency Inc Te
Owb Reo Llc -- Resource Title Agency Inc Te
Onewest Bank Fsb $53,431 None Available
Kingery Kevin -- None Available
Smith Jennifer M $80,000 First Priority Title Co Inc
Phifer Bernard E $81,600 Select Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Long And Seals Properties Llc $700,000
Closed Td Seals Homes Llc $232,000
Previous Owner Jabari Gholam H $40,000
Previous Owner Kingery Kevin W $92,800
Previous Owner Smith Jennifer M $85,000
Previous Owner Phifer Bernard E $77,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2019 06/26/19 Off Market $71,999 -- --
03/27/2019 03/27/19 Sold $71,999 +2.9% $26 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
02/15/2019 02/15/19 For Sale $69,999 -- $26 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

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 $4,077 $109,920 $0 $0
2023 $4,077 $109,920 $0 $0
2022 $4,077 $109,920 $0 $0
2021 $3,094 $67,480 $0 $0
2020 $3,094 $67,480 $0 $0
2019 $1,892 $41,280 $0 $0
2018 $1,892 $41,280 $0 $0
2017 $1,892 $25,800 $0 $0
2016 $1,805 $0 $0 $0
2015 $1,805 $0 $0 $0
2014 $1,805 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tracy King

    Seller's Agent in 2019

    Tracy King

    Your Home Sold Guaranteed Real

    (865) 365-2280

    2 in this area

    1,028 Total Sales

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 220753

Great Smoky Mountains Association of REALTORS®

APN: 094FN-005

Tennessee Knox County Knoxville 37921 Mechanicsville

1316 University Ave Unit 1, Knoxville, TN

This home is located at 1316 University Ave Unit 1, Knoxville, TN 37921 since 15 February 2019 and is currently estimated at $376,915, approximately $137 per square foot. This property was built in 1899. 1316 University Ave Unit 1 is a home located in Knox County with nearby schools including Maynard Elementary School, Bearden Middle School, and Fulton High School.

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