NOT LISTED FOR SALE

Estimated Value: $272,000 - $293,000

2 Beds
2 Baths
1,248 Sq Ft
$230/Sq Ft Est. Value

Last Sold November 20, 2021

Last sale price $229,900 $184 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,710/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Separate Formal Living Room
  • Tile Flooring
  • West High School Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

As of November 2021

This home is located at 1508 Spelling Way, Knoxville, TN 37909 since 18 November 2021 and is currently estimated at $286,817, approximately $229 per square foot. This property was built in 1995. 1508 Spelling Way is a home located in Knox County with nearby schools including Pond Gap Elementary School, Northwest Middle School, and West High School.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,386

Year Built

  • Built in 1995

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 31 x 90
  • Level Lot

HOA Fees

  • $75 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Electric Fireplace
  • Separate Formal Living Room
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

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

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 107CJ010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,386

Year Built

Built in 1995

Lot Details

0

HOA Fees

$75 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Other Condo
  • Architectural Style: Traditional
  • Year Built: 1995
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bedroom Main Floor
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Laminate, Tile, Vinyl
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Has Basement: Slab
  • Above Grade Finished Sq Ft: 1248
  • Building Area Units: Square Feet
  • Living Area: 1248
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame, 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
  • Parking Features: Garage Door Opener
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Insurance, Maintenance Grounds
  • Association Fee: 75
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Condominium
  • Senior Community: No
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.06
  • Lot Size: 31 X 90
  • Lot Size Units: Acres
  • Parcel #: 107CJ010
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1386
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Nov 5, 2021
Sold by
Pinkous Sarah F and Henry Stephen
Bought by
Rayburn Chad Thomas and Rayburn Brandi
List Price
$229,900
Sold Price
$229,900
Current Estimated Value
$286,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,917
Avg. Annual Appreciation
5.79%
Original Mortgage
$206,550
Outstanding Balance
$189,320
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$97,497

Purchase Details

Closed on
May 31, 2018
Sold by
Abbott Emily F
Bought by
Pinkous Sarah F and Pinkous Stephen Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,456
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 14, 2011
Closed on
Apr 30, 2012
Sold by
Abbott Emily F
Bought by
Mortgage Investors Group
Seller's Agent
Connie McNamara
Keller Williams Realty
Buyer's Agent
Caroline Levenson
ReMax Preferred Properties, In
Sold Price
$117,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$92,172
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 28, 2005
Sold by
Lamon Emily
Bought by
Poeung Navy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
5.59%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 4, 2001
Sold by
Gobble David L and Gobble Elizabeth L
Bought by
Lamon Emily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,301
Interest Rate
6.95%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 2000
Sold by
Mehta Jayant B and Mehta Mina J
Bought by
Gobble David L and Gobble Elizabeth L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,957
Interest Rate
7.94%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Rayburn Chad Thomas $229,500 Admiral Title
Pinkous Sarah F $134,900 None Available
Mortgage Investors Group $117,000 None Available
Poeung Navy $98,800 Real Estate Title Knoxville
Lamon Emily $89,000 Abstract Title Company
Gobble David L $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rayburn Chad Thomas $206,550
Previous Owner Pinkous Sarah F $132,456
Previous Owner Mortgage Investors Group $92,172
Previous Owner Poeung Navy $79,000
Previous Owner Lamon Emily $88,301
Previous Owner Gobble David L $83,957
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2021 11/20/21 Sold $229,900 0.0% $184 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $229,900 +96.5% $184 / Sq Ft
04/30/2012 04/30/12 Sold $117,000 -- $94 / Sq Ft View Prior Sale
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 $1,568 $42,275 $0 $0
2023 $1,568 $42,275 $0 $0
2022 $1,568 $42,275 $0 $0
2021 $1,386 $30,250 $0 $0
2020 $1,386 $30,250 $0 $0
2019 $1,386 $30,250 $0 $0
2018 $1,386 $30,250 $0 $0
2017 $1,386 $30,250 $0 $0
2016 $1,515 $0 $0 $0
2015 $1,515 $0 $0 $0
2014 $1,515 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2840890

Realtracs

APN: 107CJ-010