NOT LISTED FOR SALE

1505 Spelling Way Knoxville, TN 37909

Lonas Drive Neighborhood

Estimated Value: $282,000 - $300,000

2 Beds
2 Baths
1,246 Sq Ft
$232/Sq Ft Est. Value

Last Sold July 29, 2016

Last sale price $121,000 $97 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $1,754/month

23 Days on Market

Highlights

  • 1 Fireplace
  • Separate Formal Living Room
  • Patio
  • West High School Rated A-
  • Cooling Available
  • Central Heating

About This Home

As of July 2016

Great location. Corner Unit. Very quiet. Two bedrooms and Two full baths. Beautiful new laminate wood floors. Tiled kitchen. Fireplace. One car garage. Patio on back. So close to downtown. University of Tennessee, interstate, Whole Foods, Earth Fare and so many other places.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,515

Year Built

  • Built in 1995

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 31x90

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,246 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Separate Formal Living Room
  • Fire and Smoke Detector
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Pond Gap Elementary School
  • West High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Community Details

  • Association fees include exterior maintenance, trash, ground maintenance
  • Melrose Landing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 107CJ001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,515

Year Built

Built in 1995

Lot Details

0

HOA Fees

$50 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Year Built: 1995
  • Unit Levels: One
  • Year Built Details: EXIST
  • Attribution Contact: 8655916531
  • Special Features: None

Interior Features

  • Appliances: Range
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Other
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Has Basement: Slab
  • Above Grade Finished Sq Ft: 1246
  • Building Area Units: Square Feet
  • Living Area: 1246
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Vinyl Siding, Other, Brick
  • Patio And Porch Features: Patio
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric, Natural Gas
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Trash, Maintenance Grounds
  • Association Fee: 50
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: No

Lot Info

  • Lot Features: Other, Corner Lot
  • Lot Size Acres: 0.06
  • Lot Size: 31X90
  • Lot Size Units: Acres
  • Parcel #: 107CJ001
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1515

MLS Schools

  • Elementary School: Pond Gap Elementary
  • High School: West High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2016
Closed on
Jul 29, 2016
Sold by
Brummitt Tammy M
Bought by
Williams James C
List Price
$122,000
Sold Price
$121,000
Premium/Discount to List
-$1,000
-0.82%
Current Estimated Value
$289,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,224
Avg. Annual Appreciation
10.07%
Original Mortgage
$110,704
Outstanding Balance
$88,625
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$200,600

Purchase Details

Closed on
Dec 16, 2004
Sold by
Hari Vasant G and Hari Bhanu V
Bought by
Brummit Tammy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,294
Interest Rate
5.67%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 5, 1996
Sold by
R B S & Associates Inc
Bought by
Hari Bhanu V
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Williams James C $121,000 Title Professionals Inc
Brummit Tammy M $90,000 Acquire Title Inc
Hari Bhanu V $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams James C $110,704
Previous Owner Brummit Tammy M $89,294
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2016 07/29/16 Sold $121,000 -0.8% $97 / Sq Ft
04/08/2016 04/08/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $122,000 -- $98 / 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 $1,569 $42,300 $0 $0
2023 $1,569 $42,300 $0 $0
2022 $1,569 $42,300 $0 $0
2021 $1,388 $30,275 $0 $0
2020 $1,388 $30,275 $0 $0
2019 $1,388 $30,275 $0 $0
2018 $1,388 $30,275 $0 $0
2017 $1,388 $30,275 $0 $0
2016 $1,515 $0 $0 $0
2015 $1,515 $0 $0 $0
2014 $1,515 $0 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2936317

Realtracs

APN: 107CJ-001

Tennessee Knox County Knoxville 37909 Lonas Drive

1505 Spelling Way, Knoxville, TN

This home is located at 1505 Spelling Way, Knoxville, TN 37909 since 16 March 2016 and is currently estimated at $289,224, approximately $232 per square foot. This property was built in 1995. 1505 Spelling Way is a home located in Knox County with nearby schools including Pond Gap Elementary School, Northwest Middle School, and West 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.

Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes