NOT LISTED FOR SALE

1800 Terrace Ave Unit 14 Knoxville, TN 37916

The Strip Neighborhood

Estimated Value: $313,000 - $352,000

2 Beds
1 Bath
816 Sq Ft
$411/Sq Ft Est. Value

Last Sold September 06, 2019

Last sale price $165,000 $202 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $2,199/month

36 Days on Market

Highlights

  • Traditional Architecture
  • Cooling Available
  • Central Heating
  • Sequoyah Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of September 2019

One of the best locations to live on campus! Situated in Lake Terrace, this 2nd story, 2BR/1BA end unit is within easy walking distance of every building on campus as well as Cumberland Avenue, University Commons & Downtown Knoxville. New HVAC as of December 2018 & very well cared for, this unit is turnkey, move-in ready w/tenants already secured from August 2019 thru August 2020 at $1200 per month (including utilities). This unit comes with a storage locker as well as 2 designated parking spaces. A great building & super clean unit in a fantastic campus location!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,488

Year Built

  • Built in 1978

Lot Details

  • 0.42

HOA Fees

  • $171 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Exterior Construction

Interior Spaces

  • 816 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Microwave

Flooring

  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System

Community Details

  • Association fees include pest control, exterior maintenance, insurance, trash, sewer, ground maintenance, water
  • High-Rise Condominium
  • Lake Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 108CG01013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,488

Year Built

Built in 1978

Lot Details

0

HOA Fees

$171 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: High Rise
  • Architectural Style: Traditional
  • Year Built: 1978
  • Unit Levels: One
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Appraiser
  • Attribution Contact: 8653886223
  • Special Features: None

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bedroom Main Floor
  • Appliances: Microwave, Refrigerator
  • Fireplace: No
  • Flooring: Parquet, Tile
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Has Basement: Other
  • Above Grade Finished Sq Ft: 816
  • Building Area Units: Square Feet
  • Living Area: 816
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Other, Brick
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Pest Control, Exterior Maintenance, Insurance, Trash, Sewer, Maintenance Grounds, Water
  • Association Fee: 171
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Condominium
  • Senior Community: No
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Features: Other
  • Lot Size: 126.5 X 144.52 X IRR
  • Lot Size Units: Acres
  • Parcel #: 108CG01013
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1488

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2019
Closed on
Sep 6, 2019
Sold by
Hartman Price H and Hartman Alison A
Bought by
Stroom Tagge J and Stroom Karen Lynn
List Price
$165,000
Sold Price
$165,000
Current Estimated Value
$335,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,688
Avg. Annual Appreciation
13.22%
Original Mortgage
$132,000
Outstanding Balance
$104,348
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$241,558

Purchase Details

Closed on
May 25, 2018
Sold by
Lunn Don M
Bought by
Hartman Price H and Hartman Alison A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,160
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2016
Sold by
Marsh Alan B and Marsh Nancy H
Bought by
Lunn Don M

Purchase Details

Listed on
May 29, 2014
Closed on
Jul 31, 2014
Sold by
Leach Mike and Leach Lyn
Bought by
Marsh Alan B and Marsh Nancy H
Seller's Agent
Robert Holmes
ReMax Real Estate Ten
Buyer's Agent
Ray Gaudet
Realty Executives Associates
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%

Purchase Details

Closed on
Jun 1, 2010
Sold by
Misenheimer J Stephen and Misenheimer Jeanne K
Bought by
Leach Mike and Leach Lyn

Purchase Details

Closed on
May 1, 2007
Sold by
Rolfes Frank H and Rolfes Kim M
Bought by
Misenheimer J Stephen and Misenheimer Jeanne K

Purchase Details

Closed on
Jun 29, 2000
Sold by
Cunningham Jerry G and Cunningham Janis E
Bought by
Rolfes Frank W and Rolfes Kim M
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
Stroom Tagge J $165,000 Admiral Title Inc
Hartman Price H $166,040 Admiral Title Inc
Lunn Don M $150,000 Admiral Title Inc
Marsh Alan B $150,000 Concord Title
Leach Mike $143,000 Tennessee Valley Title Insur
Misenheimer J Stephen $130,000 None Available
Rolfes Frank W $61,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stroom Tagge J $132,000
Previous Owner Hartman Price H $108,160
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2019 09/06/19 Sold $165,000 0.0% $202 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $165,000 +10.0% $202 / Sq Ft
07/31/2014 07/31/14 Sold $150,000 -- $189 / 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 $2,388 $64,375 $0 $0
2023 $2,388 $64,375 $0 $0
2022 $2,388 $64,375 $0 $0
2021 $1,488 $32,450 $0 $0
2020 $1,488 $32,450 $0 $0
2019 $1,488 $32,450 $0 $0
2018 $1,488 $32,450 $0 $0
2017 $1,488 $32,450 $0 $0
2016 $1,664 $0 $0 $0
2015 $1,664 $0 $0 $0
2014 $1,664 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2849880

Realtracs

APN: 108CG-01013