NOT LISTED FOR SALE

3507 Valley Stream Way Unit 23/24 Knoxville, TN 37917

Whittle Springs Neighborhood

Estimated Value: $229,000 - $333,516

2 Beds
2 Baths
2,018 Sq Ft
$128/Sq Ft Est. Value

Last Sold March 09, 2021

Last sale price $255,000 $126 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,469/month

Highlights

  • Deck
  • Central Heating
  • Carpet
  • Double Pane Windows

About This Home

As of March 2021

Here's an EXCELLENT investment opportunity for someone looking to add to or start their own rental program. These perfectly located units are well maintained, 1 level, split 2BR, 2BA (1 in each bedroom) and 1 car garage each w/double parking spaces on outside for each unit. Great rental history at current price of $750 per month. Time for an increase as they have been at this price for several years. Both units have a gas water heater, gas HVAC units, large crown molding throughout & kitchen appliances convey with both units. 3505 will have brand new quality laminate flooring installed & fresh paint before closing. 3707 looks brand new & does not require an uplift. Good rental history, low maintenance & greater $$ rental potential equals greater ROI. HOA maintains the outside of property HOA fees are currently $80 per unit per month.

Last Agent to Sell the Property

RODNEY PRATT

Franklin Realty License #336094 Listed on: 01/09/2021

Last Buyer's Agent

Non Member Non Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $963

Year Built

  • Built in 2008

Lot Details

  • 174

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,018 Sq Ft Home
  • Double Pane Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Deck

Schools

  • Spring Hill Elementary School
  • Whittle Springs Middle School
  • Fulton High School

Utilities

  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • The owner pays for insurance
  • Assessor Parcel Number 070BH00200y

Community Details

Overview

  • 2 Units
  • Willow Place Condos Phase 3 Subdivision

Building Details

  • Operating Expense $4,781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$963

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Directions: Take Washington Pike to Valley View Drive. Travel on Valley View Drive through the roundabout and stay on Valley View Drive. Travel approximately 1.1 miles to Willow Falls Way and turn left. Turn r ight onto Valley Stream Way in just a couple hundred feet. The property is located at the end of the cul-de-sac on the right hand side.
  • Prop. Type: Multi-Family
  • Year Built: 2008
  • Lot Size: IRR x IRR x IRR x IRR
  • Subdivision Name: Willow Place Condos Phase 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave
  • Owner Pays: Insurance
  • Flooring: Laminate, Carpet, Vinyl

Exterior Features

  • Exterior Features: Windows - Dble Pane, Windows - Insulated, Windows - Vinyl, Deck
  • Construction Type: Vinyl Siding, Brick

Utilities

  • Heating: Heat Pump, Central
  • Heating Yn: Yes

Schools

  • Elementary School: Spring Hill
  • High School: Fulton
  • Middle Or Junior School: Whittle Springs

Lot Info

  • Parcel #: 070BH00200y

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18000.0
  • Annual Operating Expense: 4781.0

Tax Info

  • Tax Annual Amount: 963.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2021
Closed on
Mar 8, 2021
Sold by
Johnson Edward E and Johnson Connie
Bought by
Bomben Melissa and Bomben Heather
Seller's Agent
RODNEY PRATT
Franklin Realty
Buyer's Agent
Non Member Non Member
Non-Member Office
Sold Price
$255,000
Current Estimated Value
$258,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,129
Avg. Annual Appreciation
-0.25%
Original Mortgage
$95,625
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2014
Sold by
Johnson & Johnson Partnership
Bought by
Johnson Edward E and Johnson Connie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2008
Sold by
E Doyle Johnson Construction Co
Bought by
Johnson & Johnson Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.2%
Mortgage Type
Construction
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
Bomben Melissa $127,500 Tennessee Title Services Llc
Johnson Edward E -- Tallent Title Group Inc
Johnson & Johnson Partnership $120,000 Tallent Title Group Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Levi E $280,000
Closed Bomben Melissa $95,625
Previous Owner Johnson Edward E $77,772
Previous Owner Johnson Edward E $105,000
Previous Owner Johnson & Johnson Partnership $480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2021 03/09/21 Sold $255,000 -- $126 / 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 $1,127 $30,375 $0 $0
2023 $655 $30,375 $0 $0
2022 $1,127 $30,375 $0 $0
2021 $896 $19,550 $0 $0
2020 $896 $19,550 $0 $0
2019 $896 $19,550 $0 $0
2018 $896 $19,550 $0 $0
2017 $896 $19,550 $0 $0
2016 $1,322 $0 $0 $0
2015 $1,322 $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • RODNEY PRATT

    Seller's Agent in 2021

    RODNEY PRATT

    Franklin Realty

    (865) 712-0623

    1 in this area

    67 Total Sales

    RODNEY PRATT
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member Non Member

    Non-Member Office

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1139646

East Tennessee REALTORS® MLS

APN: 070BH-00200Y

Tennessee Knox County Knoxville 37917 Whittle Springs

3507 Valley Stream Way Unit 23/24, Knoxville, TN

This home is located at 3507 Valley Stream Way Unit 23/24, Knoxville, TN 37917 since 09 January 2021 and is currently estimated at $258,129, approximately $127 per square foot. This property was built in 2008. 3507 Valley Stream Way Unit 23/24 is a home located in Knox County with nearby schools including Spring Hill Elementary School, Whittle Springs Middle School, and Fulton 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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