NOT LISTED FOR SALE

371 W Outer Dr Oak Ridge, TN 37830

Estimated Value: $284,197 - $422,000

Studio
4 Baths
2,380 Sq Ft
$145/Sq Ft Est. Value

Last Sold January 03, 2023

Last sale price $285,000 $120 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,930/month

117 Days on Market

Highlights

  • Wood Flooring
  • Willow Brook Elementary Rated A-
  • Central Heating and Cooling System

About This Home

As of January 2023

Great investment opportunity in Oak Ridge. All units are currently leased. Multi-Unit. 4 units total. Two 2 bedroom 1 bath units and Two 1 bedroom 1 bath units. Updates include new roof, New HVAC, and new exterior paint.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,240

Year Built

  • Built in 1943

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Frame Construction

Interior Spaces

  • 2,380 Sq Ft Home
  • Property has 3 Levels
  • Wood Flooring

Schools

  • Oak Ridge High School

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 099C B 02900 000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,240

Year Built

Built in 1943

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1943
  • Unit Levels: Three Or More
  • New Construction: No
  • Structure Type: Quadruplex
  • Year Built Details: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Building Area Units: Square Feet
  • Living Area: 2380
  • Living Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size: -
  • Lot Size Units: Acres
  • Parcel #: 099C B 02900 000
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Other
  • HOA Rent Includes: Other
  • Tenant Pays: Other

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2240

MLS Schools

  • High School: Oak Ridge High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2022
Closed on
Jan 3, 2023
Sold by
Chamberlain Brooks
Bought by
Camiele L Steinbach Revocable Trust
List Price
$374,900
Sold Price
$285,000
Premium/Discount to List
-$89,900
-23.98%
Views
120
Current Estimated Value
$345,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,066
Avg. Annual Appreciation
6.14%

Purchase Details

Listed on
Oct 31, 2020
Closed on
Nov 30, 2020
Sold by
Marascia Robert L and Marascia Tina Marie
Bought by
Chamberlain Brooks
List Price
$130,000
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.58%
Original Mortgage
$125,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 26, 2005
Sold by
Scott Thomas W
Bought by
Robert Marascia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,100
Interest Rate
5.86%

Purchase Details

Closed on
Jan 4, 2005
Sold by
Walls Michael E
Bought by
Scott Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,800
Interest Rate
5.66%

Purchase Details

Closed on
Jan 2, 1980

Purchase Details

Closed on
Jan 1, 1980
Source: Public Records
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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
Camiele L Steinbach Revocable Trust $285,000 --
Chamberlain Brooks $130,000 Admiral Title Inc
Robert Marascia $98,000 --
Scott Thomas W $92,000 --
-- $50,000 --
-- $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chamberlain Brooks $125,000
Previous Owner -- $60,100
Previous Owner -- $82,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2023 01/03/23 Sold $285,000 -24.0% $120 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $374,900 +188.4% $158 / Sq Ft
11/30/2020 11/30/20 Sold $130,000 0.0% $55 / Sq Ft View Prior Sale
11/02/2020 11/02/20 Pending -- -- --
10/31/2020 10/31/20 For Sale $130,000 -- $55 / Sq Ft
Source: Realtracs

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
2025 $1,607 $119,000 $22,120 $96,880
2024 $1,607 $65,440 $11,080 $54,360
2023 $1,170 $65,440 $0 $0
2022 $2,239 $46,960 $11,080 $35,880
2021 $2,239 $46,960 $11,080 $35,880
2020 $1,924 $46,960 $11,080 $35,880
2019 $1,969 $37,480 $9,800 $27,680
2018 $1,924 $37,480 $9,800 $27,680
2017 $1,917 $37,480 $9,800 $27,680
2016 $1,917 $37,480 $9,800 $27,680
2015 -- $37,480 $0 $0
2014 -- $37,480 $0 $0
2013 -- $36,520 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2838727

Realtracs

APN: 099C-B-029.00

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