NOT LISTED FOR SALE

503 Michigan Ave Oak Ridge, TN 37830

Estimated Value: $326,000 - $343,000

3 Beds
2.5 Baths
2,044 Sq Ft
$163/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $286,000 $140 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,894/month

5 Days on Market

Highlights

  • City View
  • 0.55 Acre Lot
  • Traditional Architecture
  • Glenwood Elementary Rated A
  • Wooded Lot
  • Wood Flooring

About This Home

As of May 2022

****MULTIPLE OFFERS**** (See disclosure) Don't miss the opportunity to own this stunning and well maintained 1943 ''D'' house with additions. Upon entering the large welcoming foyer, you will be greeted by the large living room overlooking the huge level backyard that boasts mature trees and nature at your back door. This one-level ranch has three good size bedrooms, 2.5 baths, a separate dining room, living room with a beautiful gas fireplace, and a large den for entertaining and so much more. There are stairs that go from the den and lead down to the carport and workshop. Additional storage under the house. Call today! Buyers to verify square feet and all other information.

Buyers to verify square feet and all other information.

Last Agent to Sell the Property

Jeanne Gorman

The Real Estate Firm, Inc. License #329409 Listed on: 04/01/2022

Last Buyer's Agent

Chelsea Stepp

Southland Realtors, Inc License #363164

Southland Realtors, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $909

Year Built

  • Built in 1943

Lot Details

  • 0.55 Acre Lot
  • Level Lot
  • Wooded Lot

Property Views

  • City
  • Woods
  • Forest

Home Design

  • Traditional Architecture
  • Frame Construction
  • Vinyl Siding
  • Cemesto

Interior Spaces

  • 2,044 Sq Ft Home
  • Wired For Data
  • Ceiling Fan
  • Gas Log Fireplace
  • Brick Fireplace
  • ENERGY STAR Qualified Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • ENERGY STAR Qualified Doors
  • Family Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Workshop
  • Storage Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Partially Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Crawl Space

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Carport
  • 1 Car Parking Space
  • Parking Available
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Patio

Schools

  • Jefferson Middle School
  • Oak Ridge High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Internet Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Property Available on 4/1/22
  • Assessor Parcel Number 094P A 008.00 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$909

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Directions: I-40 W to TN-162 N; Take TN-62 W to Michigan Avenue in Oak Ridge; House on Left
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1943
  • Lot Size Acres: 0.55
  • Architectural Style: Cemesto, Traditional
  • Property Attached Yn: No
  • Lot Description:Rolling Slope: Yes
  • Lot Description:Wooded: Yes
  • View:Wooded2: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 2044.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: No
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: Yes
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Siding:Vinyl2: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Hardwood: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Floors:Tile2: Yes
  • Basement Walkout: Yes
  • Dining Area:Formal Dining Area: Yes
  • Misc Features:Wired for Internet: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Smoke Detector
  • Has Basement: Crawl Space, Partially Finished, Walkout, Other, Outside Entr Only
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Brick, Gas Log
  • Fireplaces: 1
  • Flooring: Hardwood, Tile
  • Fireplace:Gas Log: Yes
  • Basement:Crawl Space: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Extra Storage3: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Other Rooms:Family Room: Yes
  • Basement:Partially Finished: Yes
  • Other Rooms:Bedroom Main Level: Yes
  • Other Rooms:DenStudy: Yes
  • Other Rooms:Workshop: Yes
  • Basement:Outside Entr Only: Yes
  • Fireplace:Brick3: Yes
  • Basement:Other5: Yes

Exterior Features

  • Exterior Features: Window - Energy Star, Windows - Vinyl, Windows - Storm, Windows - Insulated, Patio, Doors - Storm, Doors - Energy Star
  • View: Wooded, City
  • Lot Features: Wooded, Level, Rolling Slope
  • Construction Type: Vinyl Siding, Frame
  • Construction:Frame: Yes
  • Exterior Features:Windows - Insulated: Yes
  • Exterior Features:Windows - Vinyl: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Doors - Energy Star: Yes
  • Exterior Features:Window - Energy Star: Yes
  • Exterior Features:Doors - Storm: Yes
  • Exterior Features:Windows - Storm: Yes

Garage/Parking

  • GarageParkingCarportSpaces: 1.0
  • Attached Garage: No
  • Parking Features: On-Street Parking, Carport, Main Level, Off-Street Parking
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:Main Level: Yes
  • GarageParking:Carport: Yes
  • GarageParking:On-Street Parking: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes

Schools

  • High School: Oak Ridge
  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 23958.0
  • Parcel #: 094P A 008.00 000
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2022-04-01

Tax Info

  • Tax Annual Amount: 909.24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
May 13, 2022
Sold by
Barbour Leslie G
Bought by
Proe Frank L and Proe Meloney D
Seller's Agent
Jeanne Gorman
The Real Estate Firm, Inc.
Buyer's Agent
Chelsea Stepp
Southland Realtors, Inc
List Price
$274,900
Sold Price
$286,000
Premium/Discount to List
$11,100
4.04%
Current Estimated Value
$333,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,419
Avg. Annual Appreciation
4.76%

Purchase Details

Closed on
May 28, 2020
Sold by
Barbour David M
Bought by
Barbour Leslie G

Purchase Details

Closed on
Aug 2, 1999
Sold by
Coates Jay
Bought by
Barbour David

Purchase Details

Closed on
Feb 12, 1996
Sold by
Dodd Herbert R
Bought by
Brandon James F
Source: Public Records

Range of Values:

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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
Proe Frank L $286,000 Southland Residential Title
Barbour Leslie G -- None Available
Barbour David $114,900 --
Brandon James F $78,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barbour David M $85,200
Previous Owner Barbour David M $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $286,000 +4.0% $140 / Sq Ft
05/09/2022 05/09/22 For Sale $274,900 0.0% $134 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $274,900 -- $134 / Sq Ft
03/31/2022 03/31/22 Pending -- -- --
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 $966 $39,350 $7,800 $31,550
2023 $966 $39,350 $0 $0
2022 $1,876 $39,350 $7,800 $31,550
2021 $1,876 $39,350 $7,800 $31,550
2020 $965 $39,300 $7,800 $31,500
2019 $1,704 $32,425 $7,100 $25,325
2018 $1,665 $32,425 $7,100 $25,325
2017 $1,658 $32,425 $7,100 $25,325
2016 $1,658 $32,425 $7,100 $25,325
2015 -- $32,425 $7,100 $25,325
2014 -- $32,425 $7,100 $25,325
2013 -- $35,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1185914

East Tennessee REALTORS® MLS

APN: 094P-A-008.00