NOT LISTED FOR SALE

2427 Parkway Dr Knoxville, TN 37918

Uptown Knoxville Neighborhood

Estimated Value: $359,664 - $503,000

4 Beds
4 Baths
2,464 Sq Ft
$165/Sq Ft Est. Value

Last Sold April 20, 2012

Last sale price $128,000 $52 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $2,552/month

119 Days on Market

About This Home

As of April 2012

All Brick North Knoxville Fourplex in the heart of Fountain City. This classic all brick 4-plex is well situated on a large corner lot and is conveniently located north between Cedar Ln and Fair Dr. These 1 BR units are equipped with stoves and refrigerators and enjoy easy access to I-640, I-40 and Broadway and downtown. The roof is just 4 years young and the electric was updated in 2010 with new panels/breakers. Ideal for a long term investment, and owner-occupant or 1st time investor.Square fo otage is from tax records and should be verified.

Last Agent to Sell the Property

Solange Velas

Goldman Partners Realty, LLC License #263596 Listed on: 12/14/2011

Last Buyer's Agent

Wayne Rutherford

Crye-Leike Realtors-Athens

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,222

Year Built

  • Built in 1940

Lot Details

  • 0.44

Home Design

  • 2,464 Sq Ft Home
  • Brick Exterior Construction

Flooring

  • Carpet
  • Vinyl

Listing and Financial Details

  • The owner pays for supplies, taxes, insurance, lawn maintenance
  • Assessor Parcel Number 058KH018

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $6,594
  • Net Operating Income $8,796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,222

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: Exit I-60 at Old Broadway and turn north on Broadway (towards Halls). Turn left on Knox Rd., then take the 3rd left onto Cedar Ln. Take the 1st left on Meadow, then 1st right onto Parkway. Immediately on the right - no sign.
  • Prop. Type: Multi-Family
  • Year Built: 1940
  • Lot Size: 150.6 X 138 X IRR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Supplies, Taxes, Insurance, Lawn Maintenance
  • Flooring: Carpet, Vinyl

Exterior Features

  • Construction Type: Brick

Lot Info

  • Parcel #: 058KH018

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 17100.0
  • Property Net Operating Income: 8796.0
  • Annual Operating Expense: 6594.0

Tax Info

  • Tax Annual Amount: 1222.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2011
Closed on
Apr 20, 2012
Sold by
Gonzalez Enrique C and Gonzalez Margarita
Bought by
Massengill Michael A
Seller's Agent
Solange Velas
Goldman Partners Realty, LLC
Buyer's Agent
Solange Velas
Goldman Partners Realty, LLC
Sold Price
$128,000
Current Estimated Value
$406,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,916
Avg. Annual Appreciation
9.02%
Original Mortgage
$124,755
Outstanding Balance
$86,134
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$320,782
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
Massengill Michael A $128,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massengill Michael A $124,755
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2012 04/20/12 Sold $128,000 -- $52 / 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 $4,218 $113,720 $0 $0
2023 $4,218 $113,720 $0 $0
2022 $4,218 $113,720 $0 $0
2021 $2,409 $52,560 $0 $0
2020 $2,409 $52,560 $0 $0
2019 $2,409 $52,560 $0 $0
2018 $2,409 $52,560 $0 $0
2017 $2,409 $32,850 $0 $0
2016 $2,621 $0 $0 $0
2015 $2,621 $0 $0 $0
2014 $2,621 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Solange Velas

    Seller's Agent in 2012

    Solange Velas

    Goldman Partners Realty, LLC

    (865) 444-3240

    15 in this area

    151 Total Sales

    Solange Velas
    Section Image

  • W

    Buyer's Agent in 2012

    Wayne Rutherford

    Crye-Leike Realtors-Athens

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 782968

East Tennessee REALTORS® MLS

APN: 058KH-018

Tennessee Knox County Knoxville 37918 Uptown Knoxville

2427 Parkway Dr, Knoxville, TN

This home is located at 2427 Parkway Dr, Knoxville, TN 37918 since 14 December 2011 and is currently estimated at $406,916, approximately $165 per square foot. This property was built in 1940. 2427 Parkway Dr is a home located in Knox County with nearby schools including Fountain City Elementary School, Gresham Middle School, and Central 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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