NOT LISTED FOR SALE

427 W Outer Dr Oak Ridge, TN 37830

Estimated Value: $234,479 - $320,000

Studio
2 Baths
1,911 Sq Ft
$141/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $201,500 $105 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,676/month

76 Days on Market

Highlights

  • 0.46 Acre Lot
  • Deck
  • Tile Flooring
  • Willow Brook Elementary Rated A-
  • Covered Patio or Porch
  • 2-minute walk to Highland View Park

About This Home

As of October 2021

*** Surrounding rental properties justify immediate rent increase - both tenants are month to month*** Perfect opportunity to help supplement your mortgage by renting one side out and living in the other. Right side of the duplex (unit 429) is 1311 sq ft with 3 bedrooms and 2 baths, left side of the duplex (unit 427) is 600 square feet with 2 bedrooms and 1 bath! Right side of duplex (unit 429) was fully gutted and remodeled down to the studs in 2018, updates include: 18x27 master ensuite addition added, carport, new sheetrock, floors, bathrooms, cabinets, appliances, siding, etc. New roof put on in 2015. New HVAC in unit 427 put in 2015. Buyer must assume current lease agreement and honor all terms until lease end date. Lease terms for unit 427: rented for $600 per month. Lease is month to month. Lease terms for unit 429: rented for $900 per month. Lease ends 9/30/21. Utilities paid by renters and on separate meters. Prorated damage deposit and rent will be transferred to new buyer at closing.

Last Agent to Sell the Property

Nikki Heightchew

Keller Williams Realty License #329450 Listed on: 07/01/2021

Keller Williams Realty

Last Buyer's Agent

Nikki Heightchew

Wallace

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,577

Year Built

  • Built in 1943

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 97x203x121x154

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,911 Sq Ft Home
  • Vinyl Clad Windows

Flooring

  • Carpet
  • Tile
  • Vinyl

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Willow Brook Elementary School
  • Robertsville Middle School
  • Oak Ridge High School

Utilities

  • Central Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Property Available on 7/8/21
  • The owner pays for lawn maintenance
  • Assessor Parcel Number 099C D 039.00 000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,577

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Directions: Follow S Illinois Ave to Hillside Rd (On right), turn left on Highland Ave then left on W Outer Dr - property will be on your left. Sign is in the front yard.
  • Prop. Type: Multi-Family
  • Year Built: 1943
  • Lot Size Acres: 0.46
  • Lot Size: 97x203x121x154
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Lawn Maintenance
  • Flooring: Carpet, Vinyl, Tile
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Windows - Vinyl, Porch - Covered, Deck
  • Construction Type: Vinyl Siding

Utilities

  • Heating: Central
  • Heating Yn: Yes

Schools

  • Elementary School: Willow Brook
  • High School: Oak Ridge
  • Middle Or Junior School: Robertsville

Lot Info

  • Lot Size Sq Ft: 20038.0
  • Parcel #: 099C D 039.00 000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Available Date: 2021-07-08

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19200.0

Tax Info

  • Tax Annual Amount: 1576.95

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2006
Sold by
Hillyard Carol K
Bought by
Mullins Robert C
Current Estimated Value
$270,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,800
Outstanding Balance
$32,017
Interest Rate
6.27%
Estimated Equity
$238,143

Purchase Details

Closed on
Feb 28, 2003
Sold by
Ornl Federal Credit Union
Bought by
Hillyard

Purchase Details

Closed on
Nov 18, 2002
Sold by
Willie Johnson and Willie Sub
Bought by
Ornl Federal Credit Union

Purchase Details

Closed on
Oct 14, 1994
Sold by
Otis Howard W
Bought by
Johnson Willie

Purchase Details

Closed on
Apr 16, 1990
Bought by
Howard W Otis W and Howard Wife Ruth M

Purchase Details

Closed on
Feb 27, 1988
Bought by
Morlock Paul K and Morlock Wife Susan P
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
Mullins Robert C $68,500 --
Hillyard $44,900 --
Ornl Federal Credit Union $45,000 --
Johnson Willie $38,500 --
Howard W Otis W $37,500 --
Morlock Paul K $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morlock Paul K $54,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2021 10/08/21 Sold $201,500 -- $105 / 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
2025 $3,251 -- -- --
2024 $3,251 -- -- --
2022 $3,251 $68,160 $10,680 $57,480
2021 $3,251 $68,160 $10,680 $57,480
2020 $1,413 $68,160 $10,680 $57,480
2019 $3,016 $57,400 $9,480 $47,920
2018 $1,413 $27,520 $9,480 $18,040
2017 $1,408 $27,520 $9,480 $18,040
2016 $1,408 $27,520 $9,480 $18,040
2015 -- $27,520 $0 $0
2014 -- $27,520 $0 $0
2013 -- $29,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1158614

East Tennessee REALTORS® MLS

APN: 099C-D-039.00