NOT LISTED FOR SALE

Estimated Value: $310,000 - $386,466

4 Beds
6 Baths
2,706 Sq Ft
$131/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $360,000 $133 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,301/month

27 Days on Market

Highlights

  • Covered patio or porch
  • Zoned Heating and Cooling System
  • Vinyl Flooring
  • Balcony

About This Home

As of June 2023

Don't Miss This! Rare brick duplex with 4-bedroom units near the Muse and Chilhowee Park. Loaded with charm including covered front porches, hardwood floors and upstairs balconies and spacious room sizes.

These units include a refrigerator and stove and are individually metered for Electric, Water, and Sewer. Both are currently MTM tenants and, as of 5/1/23, will be paying $1250 each. There is also potential for a third unit in the basement. A previous owner began construction on it, but it would need to be approved by MPC if completed. Come check it out! This one will go fast!

Last Listed By

Kindall Piper

Keller Williams Realty License #361028 Listed on: 04/03/2023

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,986

Year Built

  • Built in 1925

Lot Details

  • 6,055

Home Design

  • Duplex
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,706 Sq Ft Home
  • Vinyl Flooring
  • Fire and Smoke Detector
  • Dishwasher
  • Washer and Dryer Hookup

Parking

  • Garage
  • Basement Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered patio or porch

Schools

  • Sarah M Greene/Magnet Elementary School
  • Vine/Magnet Middle School
  • Austin East/Magnet High School

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Internet Available

Listing and Financial Details

  • Property Available on 4/7/23
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 082CD002

Community Details

Overview

  • 2 Units
  • Lake Park Springs Pt 16 Subdivision

Building Details

  • Net Operating Income $20,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,986

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Directions: From Downtown Knoxville, TN Head northwest on Walnut St toward Union Ave 0.2 mi Turn right onto W Summit Hill Dr SW 0.4 mi Turn left onto Hall of Fame Dr 0.4 mi Turn right onto E Magnolia Ave Pass by Family Dollar (on the right in 0.7 mi) 2.3 mi Turn left onto N Mary St 407 ft Turn right onto E 5th Ave Destination will be on the left 79 ft 3203 E 5th Ave Knoxville, TN 37914
  • Prop. Type: Multi-Family
  • Year Built: 1925
  • Lot Size: 44.5 X 152.2 IRR
  • Subdivision Name: Lake Park Springs Pt 16
  • Cooling:Central Cooling: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Siding:Brick2: Yes
  • Heat:Heat Pump3: Yes
  • General Property Description:Driveway: gravel
  • Roof:Shingle: Yes
  • Misc Features:Internet Available2: Yes
  • Property Sub-Type:Duplex: Yes
  • Miscellaneous:Balcony2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Smoke Detector, Refrigerator
  • Owner Pays: Lawn Maintenance
  • Flooring: Vinyl, Other
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Other27: Yes

Exterior Features

  • Exterior Features: Porch - Covered, Balcony
  • Construction Type: Brick, Frame
  • Construction:Frame: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Premise Parking, Basement, Off-Street Parking
  • GarageParking:Basement4: Yes
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Heat Pump, Electric
  • Heating Yn: Yes

Schools

  • Elementary School: Sarah M Greene/Magnet
  • High School: Austin East/Magnet
  • Middle Or Junior School: Vine/Magnet

Lot Info

  • Parcel #: 082CD002

Rental Info

  • Available Date: 2023-04-07

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 25108.0
  • Property Net Operating Income: 20316.4

Tax Info

  • Tax Annual Amount: 1985.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
Jun 13, 2023
Sold by
Theisen Julia
Bought by
Kupritz Genevieve L
Seller's Agent
Kindall Piper
Keller Williams Realty
Buyer's Agent
Kelly Arsenault
First Neighborhoods Realty
List Price
$389,000
Sold Price
$360,000
Premium/Discount to List
-$29,000
-7.46%
Total Days on Market
27
Views
49
Current Estimated Value
$355,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,883
Avg. Annual Appreciation
-0.73%
Original Mortgage
$148,000
Outstanding Balance
$137,124
Interest Rate
5.76%
Mortgage Type
New Conventional
Estimated Equity
$217,993

Purchase Details

Listed on
Mar 25, 2021
Closed on
Jun 3, 2021
Sold by
Ruff Paul and Ruff Kerry
Bought by
Theisen Julia
Seller's Agent
Mindy Newman
Wallace
Buyer's Agent
Nikitia Thompson
Realty Executives-Nikitia Thompson Realty
Sold Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.29%
Original Mortgage
$195,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 14, 2011
Closed on
Jan 27, 2012
Sold by
Branch Banking & Trust Company
Bought by
Ruff Paul and Ruff Kerry
Seller's Agent
David Brown
BHHS Lakeside Realty
Buyer's Agent
Mindy Newman
Wallace
Sold Price
$54,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.28%

Purchase Details

Closed on
Dec 10, 2009
Sold by
Morgan Jerry L and Morgan Joyce S
Bought by
Branch Banking & Trust Company

Purchase Details

Closed on
Apr 24, 2007
Sold by
Morgan Jerry L and Morgan Joyce Sue
Bought by
Smoky Mountain Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
6.16%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 20, 2005
Sold by
Roth Randall L
Bought by
Morgan Jerry L and Morgan Joyce S

Purchase Details

Closed on
Dec 30, 2002
Sold by
Brown Mary F
Bought by
Roth Randall L

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
Kupritz Genevieve L $360,000 Reli Settlement Solutions
Theisen Julia $260,000 First Priority Title Co Inc
Ruff Paul $54,000 Lincoln Title Llc
Branch Banking & Trust Company $79,900 None Available
Smoky Mountain Rentals Llc -- Independence Title & Escrow
Morgan Jerry L $20,000 --
Roth Randall L $15,000 Title Solutions Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kupritz Genevieve L $148,000
Previous Owner Theisen Julia $195,000
Previous Owner Smoky Mountain Rentals Llc $14,000
Previous Owner Smoky Mountain Rentals Llc $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $360,000 -7.5% $133 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $389,000 +49.6% $144 / Sq Ft
06/03/2021 06/03/21 Sold $260,000 +381.5% $96 / Sq Ft
01/27/2012 01/27/12 Sold $54,000 -- $16 / 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 $3,870 $104,320 $0 $0
2023 $3,418 $92,120 $0 $0
2022 $3,418 $92,120 $0 $0
2021 $1,850 $40,360 $0 $0
2020 $1,850 $40,360 $0 $0
2019 $1,850 $40,360 $0 $0
2018 $1,850 $40,360 $0 $0
2017 $1,850 $25,225 $0 $0
2016 $2,244 $0 $0 $0
2015 $2,244 $0 $0 $0
2014 $2,244 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1222691

East Tennessee REALTORS® MLS

APN: 082CD-002