NOT LISTED FOR SALE

2016 Spence Place Knoxville, TN 37920

South Knoxville Neighborhood

Estimated Value: $590,615 - $674,000

3 Beds
2 Baths
1,709 Sq Ft
$368/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $389,000 $228 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,710/month

Highlights

  • Landscaped Professionally
  • Deck
  • Wood Flooring
  • South Knox Elementary School Rated A-
  • Traditional Architecture
  • 4-minute walk to Island Home Park

About This Home

As of December 2020

Beautifully Restored Brick Rancher with Lake view! Only minutes from all South Knoxville has to offer while being close to downtown!
New updates include, Roof, HVAC, Water Heater, Paint inside/outside, Tiled Shower/Tub, Vanities, Toilets, Lights, Fans, Kitchen Cabinets, Granite Counter Tops in Kitchen/Bath, Double Carport, Asphalt Driveway, Deck, Landscaping, Original Hardwood Floors Restored, Luxury Vinyl Plank,, Stainless Steel Appliance Package and much more!
Homes do not come available often in this wonderful neighborhood, so do not miss out on this rare opportunity!

Last Agent to Sell the Property

Mark Gibbs

Day & Associates License #345939 Listed on: 11/15/2020

Last Buyer's Agent

Mark Gibbs

Day & Associates License #345939 Listed on: 11/15/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $710

Year Built

  • Built in 1955

Lot Details

  • Wood Fence
  • Landscaped Professionally

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,709 Sq Ft Home
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Brick Fireplace
  • Vinyl Clad Windows
  • Wood Flooring
  • Crawl Space

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Home Security System
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Side or Rear Entrance to Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Island Home Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 095NE004

Home Details

Home Type

Single Family

Est. Annual Taxes

$710

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Directions: South Knoxville, between Island Home Boulevard and Ft Loudon Lake!
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1955
  • Subdivision Name: Island Home Park
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Smoke Detector, Security Alarm, Refrigerator, Microwave
  • Has Basement: Crawl Space
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Other, Brick, Wood Burning
  • Fireplaces: 2
  • Flooring: Hardwood

Exterior Features

  • Exterior Features: Windows - Vinyl, Fence - Wood, Porch - Covered, Prof Landscaped, Deck, Cable Available (TV Only), Doors - Storm
  • Construction Type: Brick
  • Other Structures: Storage

Garage/Parking

  • Attached Garage: No
  • Parking Features: Side/Rear Entry, Off-Street Parking

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Parcel #: 095NE004

Tax Info

  • Tax Annual Amount: 710.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2020
Closed on
Dec 21, 2020
Sold by
Mtg Properties Llc
Bought by
Tennyson David and Tennyson Lisa
Seller's Agent
Mark Gibbs
Day & Associates
Buyer's Agent
Mark Gibbs
Day & Associates
Sold Price
$389,000
Current Estimated Value
$628,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,904
Avg. Annual Appreciation
10.71%
Original Mortgage
$300,000
Outstanding Balance
$268,778
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$360,126

Purchase Details

Closed on
Jun 25, 2020
Sold by
Gibbs Jerry Lynn and Gibbs David Eugene
Bought by
Mtg Properties Llc

Purchase Details

Closed on
Mar 28, 2003
Sold by
Gibbs Willis Eugene and Gibbs Christine Lee
Bought by
Gibbs Jerry Lynn and Gibbs David Eugene
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
Tennyson David $389,000 Radiant Title Llc
Mtg Properties Llc $215,000 Radiant Title Llc
Gibbs Jerry Lynn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tennyson David $140,600
Open Tennyson David $300,000
Previous Owner Gibbs Willis E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2020 12/21/20 Sold $389,000 -- $228 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $3,724 $100,400 $0 $0
2023 $3,724 $100,400 $0 $0
2022 $3,724 $100,400 $0 $0
2021 $3,610 $78,750 $0 $0
2020 $1,321 $28,825 $0 $0
2019 $1,321 $28,825 $0 $0
2018 $1,321 $28,825 $0 $0
2017 $1,321 $28,825 $0 $0
2016 $1,205 $0 $0 $0
2015 $1,205 $0 $0 $0
2014 $1,205 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mark Gibbs

    Day & Associates

    (865) 456-0834

    5 in this area

    43 Total Sales

    Mark Gibbs
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1135940

East Tennessee REALTORS® MLS

APN: 095NE-004

Tennessee Knox County Knoxville 37920 South Knoxville

2016 Spence Place, Knoxville, TN

This home is located at 2016 Spence Place, Knoxville, TN 37920 since 15 November 2020 and is currently estimated at $628,904, approximately $367 per square foot. This property was built in 1955. 2016 Spence Place is a home located in Knox County with nearby schools including South Knox Elementary School, South Doyle Middle School, and South Doyle 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.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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