NOT LISTED FOR SALE

1501 W Clinch Ave Knoxville, TN 37916

Fort Sanders Neighborhood

Estimated Value: $270,000

-- Bed
-- Bath
5,550 Sq Ft
$49/Sq Ft Est. Value

Last Sold February 15, 2019

Last sale price $575,000 $104 Per Sq Ft

Current estimated payment $1,684/month

3 Days on Market

Highlights

  • Tile Flooring
  • Central Heating
  • 1-minute walk to James Agee Park
  • Sequoyah Elementary School Rated A-

About This Home

As of February 2019

ATTENTION INVESTORS:
Excellent opportunity to own 6 units that are walking distance to campus. Less than 500 feet from the Tennessee Law School. Potential to raise rents as they have been under priced for years. All units come with dedicated parking spots as there are 15 parking spots. All but one unit has its own washer and dryer.

Last Agent to Sell the Property

Logan Wells

Connell Properties, Inc. License #331793 Listed on: 10/29/2018

Co-Listed By

Drew Clemmons

Connell Properties, Inc. License #320599

Last Buyer's Agent

Daniel Odle

Conversion Properties, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,112

Year Built

  • Built in 1965

Lot Details

  • 7,013

Home Design

  • 5,550 Sq Ft Home
  • Brick Exterior Construction
  • Stucco Exterior

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Laundry

  • Dryer
  • Washer

Additional Features

  • Lot Dimensions are 70x100
  • Central Heating

Community Details

  • 6 Units
  • Clinch Terrace Condos Common Area Subdivision

Listing and Financial Details

  • The owner pays for advertising, trash collection, taxes, insurance, lawn maintenance
  • Assessor Parcel Number 094mj009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,112

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Directions: 17th Street towards Cumberland Avenue. Take a left on Clinch and building is on the corner of James Agne Street and Clinch Avenue.
  • Prop. Type: Multi-Family
  • Year Built: 1965
  • Lot Size: 70x100
  • Co List Office Phone: 865-588-0220
  • Subdivision Name: Clinch Terrace Condos Common Area
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Washer, Self Cleaning Oven, Refrigerator, Microwave
  • Owner Pays: Advertising, Trash Collection, Taxes, Insurance, Lawn Maintenance
  • Flooring: Laminate, Tile

Exterior Features

  • Construction Type: Stucco, Brick

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Parcel #: 094mj009

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 57600.0

Tax Info

  • Tax Annual Amount: 6111.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2018
Closed on
Feb 12, 2019
Sold by
Miller & Galvin Capital Holdings Llc
Bought by
Wright Jason Cory
Seller's Agent
Logan Wells
Connell Properties, Inc.
Buyer's Agent
Daniel Odle
Conversion Properties, Inc.
Sold Price
$575,000
Current Estimated Value
$270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$305,000
Avg. Annual Appreciation
-10.65%
Original Mortgage
$487,500
Interest Rate
4.5%
Mortgage Type
Commercial
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
Wright Jason Cory $575,000 Radiant Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wright Jason Cory $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2019 02/15/19 Sold $575,000 -- $104 / 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
2025 -- $0 $0 $0
2024 -- $0 $0 $0
2023 -- $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $1,914 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Logan Wells

    Seller's Agent in 2019

    Logan Wells

    Connell Properties, Inc.

    (865) 588-7550

    62 Total Sales

    Logan Wells
    Section Image
  • Drew Clemmons

    Seller Co-Listing Agent in 2019

    Drew Clemmons

    Connell Properties, Inc.

    (423) 290-5002

    2 Total Sales

    Drew Clemmons
    Section Image

  • D

    Buyer's Agent in 2019

    Daniel Odle

    Conversion Properties, Inc.

  • S

    Buyer Co-Listing Agent in 2019

    Sam Harrell

    Conversion Properties, Inc.

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1060686

East Tennessee REALTORS® MLS

APN: 094MJ-009

Tennessee Knox County Knoxville 37916 Fort Sanders

1501 W Clinch Ave, Knoxville, TN

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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