NOT LISTED FOR SALE

Estimated Value: $154,000 - $1,204,000

2 Beds
1 Bath
6,400 Sq Ft
$68/Sq Ft Est. Value

Last Sold December 10, 2018

Last sale price $325,000 $51 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,357/month

6 Days on Market

Highlights

  • 1.4 Acre Lot
  • No HOA
  • Patio
  • Deck
  • Eat-In Kitchen
  • 2-minute walk to Babe Ruth Park

About This Home

As of December 2018

Investors take a look at these 8 homes in Knoxville for Only $376,000!!! Potential Income of 4,400.00 monthly!! Homes offer 2 Bedrooms, 1 Bath, Kitchen with Range and Refrigerator, Central Heat and Air and are on public sewer. Owner pays insurance and property taxes and Tenant pays utilities. With an accepted application and offer and 12% minimum down, seller will consider owner financing.

Last Agent to Sell the Property

Teresa Young

RE/MAX R. E. Professionals Listed on: 11/13/2018

Last Buyer's Agent

Comps Only

COMPS ONLY

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,760

Year Built

  • Built in 1945

Lot Details

  • 1.4 Acre Lot
  • Lot Dimensions are 50 x 160
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 6,400 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

  • 21 Amherst Elementary School
  • Farragut Middle School
  • Farragut High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 095fg004

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Gross Income $52,800

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,760

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.4
  • Lot Size: 50 X 160
  • Subdivision Name: None
  • Directions: I-40E, Exit 388A James White Pkwy., slight right to E. Summit Hill Drive, Left onto E. Summit Hill Drive/Dandridge Ave., Left on Surrey Rd., Right on Wilder.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 6400.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1945
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 095fg004
  • Location Tax and Legal Elementary School: 21 Amherst Elementary
  • Location Tax and Legal High School: Farragut High School
  • Location Tax and Legal:Tax Annual Amount: 2760.0
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 1.4
  • General Property Information Lot Size Square Feet2: 60984.0
  • General Property Information Lot Size Dimensions: 50 X 160
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Farragut Middle School
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • General Property Information Number Of Units Total2: 8.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: 21 Amherst Elementary
  • High School: Farragut High School
  • Middle Or Junior School: Farragut Middle School

Lot Info

  • Lot Size Sq Ft: 60984.0
  • Parcel #: 095fg004
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water, Other
  • Tenant Pays:Sewer3: Yes

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 52800.0

Tax Info

  • Tax Annual Amount: 2760.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2023
Sold by
Glossy Dwellings Llc
Bought by
Equities Tn Associates Llc
Current Estimated Value
$434,504

Purchase Details

Closed on
Apr 2, 2022
Sold by
Apex Capital Llc
Bought by
Glossy Dwellings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$969,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 13, 2018
Closed on
Dec 3, 2018
Sold by
Lanten Investments Llc
Bought by
Apex Capital Llc
Seller's Agent
Teresa Young
RE/MAX R. E. Professionals
Buyer's Agent
Comps Only
COMPS ONLY
List Price
$376,000
Sold Price
$325,000
Premium/Discount to List
-$51,000
-13.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.51%
Original Mortgage
$380,000
Interest Rate
4.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Jan 27, 2014
Closed on
Jul 16, 2014
Sold by
Cornerstone Community Bank
Bought by
Lanten Investments Llc
Seller's Agent
Michelle Flanigan
Coldwell Banker Wallace & Wallace, Realtors
Buyer's Agent
Teresa Young
ERA Blue Key Properties
Sold Price
$26,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
77.31%
Original Mortgage
$351,800
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2011
Sold by
The Wright Group L-A Llc
Bought by
Cornerstone Community Bank

Purchase Details

Closed on
May 9, 2001
Sold by
New Horizon Lp
Bought by
Knoxvilles Housing Development Corp
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
Equities Tn Associates Llc $1,890,000 Rudy Title
Glossy Dwellings Llc $1,140,000 None Listed On Document
Apex Capital Llc $325,000 Paramount Land Title Of Knox
Lanten Investments Llc $442,000 Equity Title Inc
Cornerstone Community Bank $1,729,900 None Available
Knoxvilles Housing Development Corp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glossy Dwellings Llc $969,000
Previous Owner Apex Capital Llc $1,100,000
Previous Owner Apex Capital Llc $931,073
Previous Owner Apex Capital Llc $380,000
Previous Owner Apex Capital Llc $380,000
Previous Owner Lanten Investments Llc $351,800
Previous Owner Lanten Investment Llc $351,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2018 12/10/18 Sold $325,000 +492.0% $51 / Sq Ft
12/10/2018 12/10/18 Sold $54,900 -85.4% $59 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
11/13/2018 11/13/18 For Sale $376,000 +584.9% $59 / Sq Ft
11/01/2018 11/01/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $54,900 +111.2% $59 / Sq Ft
07/16/2014 07/16/14 Sold $26,000 -- $28 / Sq Ft
Source: Greater Chattanooga 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 $506 $13,625 $0 $0
2023 $506 $13,625 $0 $0
2022 $506 $13,625 $0 $0
2021 $383 $8,350 $0 $0
2020 $383 $8,350 $0 $0
2019 $383 $8,350 $0 $0
2018 $383 $8,350 $0 $0
2017 $383 $8,350 $0 $0
2016 $387 $0 $0 $0
2015 $387 $0 $0 $0
2014 $387 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1290874

Greater Chattanooga REALTORS®

APN: 095FG-004