NOT LISTED FOR SALE

1616 Velma Rd Athens, TN 37303

Estimated Value: $226,000 - $342,000

3 Beds
1.5 Baths
1,593 Sq Ft
$163/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $270,000 $169 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,486/month

145 Days on Market

Highlights

  • No HOA
  • Breakfast Bar
  • Laundry Room
  • Westside Elementary School Rated A-
  • Patio
  • 1-Story Property

About This Home

As of February 2024

**For Sale: Remodeled Brick Rancher**

**Highlights:**
- **3 BR** / **1.5 Baths**
- **Spacious Separate Den**
- **Double Flat Lot**
- **Marble Kitchen Countertops**

Dive into elegance with this updated brick rancher. Enjoy modern luxury with marble kitchen surfaces and a roomy den—perfect for entertainment. Situated on a generous double lot. Step into comfort and style. Book your viewing today!

Last Agent to Sell the Property

Jennifer Cansler

Silver Key Realty - Sweetwater License #332991 Listed on: 09/15/2023

Last Buyer's Agent

Marques Patton

Silver Key Realty - Athens License #335671

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $776

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 0.52 Acre Lot
  • Level Lot

Parking

  • Unpaved Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 1,593 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Laminate Flooring
  • Crawl Space
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-in Shower

Schools

  • Athens City Primary Elementary School
  • Athens Jr High Middle School
  • Mcminn County High School

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Athens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 056c D 073.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$776

Year Built

Built in 1959 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.52
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Athens
  • Directions: From Congress Parkway Turn onto Velma road. Home is on the right.
  • Above Grade Finished Sq Ft: 1593.0
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Year Built: 1959
  • General Property Information:Living Area2: 1593.0
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Range
  • Interior Amenities: Walk-In Shower, Breakfast Bar
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Laminate
  • Living Area: 1593.0
  • Window Features: Insulated Windows
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Community Features:None3: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Walk-In Shower: Yes
  • Interior Features:Breakfast Bar: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Exterior Features: None
  • Lot Features: Level
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Block
  • Other Structures: None
  • Patio And Porch Features: Patio
  • Property Condition: Updated/Remodeled
  • Lot Features:Level: Yes
  • Window Features:Insulated Windows: Yes
  • Exterior Features:None5: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Electricity Connected
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Athens City Primary School
  • High School: McMinn County
  • Middle Or Junior School: Athens Jr High

Lot Info

  • Lot Size Sq Ft: 22651.2
  • Parcel #: 056c D 073.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 775.73
  • Tax Book Number: 23P

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2023
Closed on
Feb 29, 2024
Sold by
Cansler Jeremy and Cansler Jennifer
Bought by
Gross Jaccob N and Gross Maranda Breann
Seller's Agent
Jennifer Cansler
Silver Key Realty - Sweetwater
Buyer's Agent
Marques Patton
Silver Key Realty - Athens
List Price
$349,000
Sold Price
$270,000
Premium/Discount to List
-$79,000
-22.64%
Views
227
Current Estimated Value
$260,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,720
Avg. Annual Appreciation
-2.41%
Original Mortgage
$261,900
Outstanding Balance
$258,833
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$1,463
Source: Public Records

Range of Values:

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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
Gross Jaccob N $270,000 Unity Title And Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross Jaccob N $261,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $270,000 0.0% $169 / Sq Ft
02/08/2024 02/08/24 Pending -- -- --
01/22/2024 01/22/24 Price Changed $269,900 -1.8% $169 / Sq Ft
11/29/2023 11/29/23 Price Changed $274,900 -8.3% $173 / Sq Ft
10/18/2023 10/18/23 Price Changed $299,900 -6.0% $188 / Sq Ft
10/12/2023 10/12/23 Price Changed $319,000 -3.0% $200 / Sq Ft
09/25/2023 09/25/23 Price Changed $329,000 -5.7% $207 / Sq Ft
09/15/2023 09/15/23 For Sale $349,000 -- $219 / Sq Ft
Source: River Counties 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 $851 $40,725 $4,975 $35,750
2023 $851 $40,725 $4,975 $35,750
2022 $776 $26,800 $4,975 $21,825
2021 $776 $26,800 $4,975 $21,825
2020 $755 $26,800 $4,975 $21,825
2019 $755 $26,800 $4,975 $21,825
2018 $755 $26,800 $4,975 $21,825
2017 $808 $27,125 $6,900 $20,225
2016 $808 $27,125 $6,900 $20,225
2015 -- $27,125 $6,900 $20,225
2014 $746 $27,139 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: River Counties Association of REALTORS®

MLS Number: 20237227

River Counties Association of REALTORS®

APN: 056C-D-073.00