NOT LISTED FOR SALE

507 Wallace Ave Lake City, TN 37769

Estimated Value: $120,000 - $229,000

3 Beds
1 Bath
1,400 Sq Ft
$120/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $27,500 $20 Per Sq Ft

Est. 511% increase in value since last sale

Current estimated payment $957/month

10 Days on Market

Highlights

  • Mountain View
  • Covered Patio or Porch
  • Cooling Available
  • Traditional Architecture
  • Storm Windows
  • Outdoor Storage

About This Home

As of October 2020

Investors! This home offers lots of space and lots of potential. 3 additional rooms in back that Seller started renovation and did not complete. Buyer to verify sq ft.

Last Agent to Sell the Property

Cathy Shepherd

Rocky Top Realty License #299270 Listed on: 09/18/2020

Last Buyer's Agent

Kelly Lewis

Clinch Mountain Realty & Auction License #354546

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $383

Year Built

  • Built in 1946

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • Vinyl Flooring
  • Mountain Views
  • Crawl Space
  • Attic Fan
  • Storm Windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Cooling Available

Community Details

  • North Coal Creek Subdivision

Listing and Financial Details

  • Property Available on 9/19/20
  • Assessor Parcel Number 008M A 020.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$383

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Directions: I-75N Exit 128 turn right onto 441 to red light, go straight at light, take first right onto Wallace Ave, second house on left. SOP
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1946
  • Lot Size Acres: 0.17
  • Lot Size: 50X150
  • Subdivision Name: North Coal Creek
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Has Basement: Crawl Space
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Flooring: Vinyl
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Windows - Storm, Porch - Covered
  • View: Mountain View
  • Construction Type: Vinyl Siding
  • Other Structures: Storage

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Cooling: Attic Fan
  • Cooling Y N: Yes

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 008M A 020.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2020-09-19

Tax Info

  • Tax Annual Amount: 383.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2020
Closed on
Oct 20, 2020
Sold by
Gibson Susan and Averill Ronald
Bought by
Vargas Miranda Roberto and Velazquez Jose Roberto
Seller's Agent
Cathy Shepherd
Rocky Top Realty
Buyer's Agent
Kelly Lewis
Clinch Mountain Realty & Auction
Sold Price
$27,500
Current Estimated Value
$167,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,449
Avg. Annual Appreciation
44.41%

Purchase Details

Closed on
Mar 26, 2012
Sold by
Clinard Eva Marie
Bought by
Clinard Eva Marie and Gibson Susan

Purchase Details

Closed on
Jul 22, 2009
Sold by
Matek Margaret Ann
Bought by
Clinard Eva Marie

Purchase Details

Closed on
Nov 30, 1989
Bought by
Matek Margaret Ann
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
Vargas Miranda Roberto $27,500 Genesis Real Estate Ttl Llc
Clinard Eva Marie -- --
Clinard Eva Marie -- --
Matek Margaret Ann $19,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $27,500 -- $20 / 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 $503 $19,150 $2,375 $16,775
2023 $503 $19,150 $0 $0
2022 $886 $19,150 $2,375 $16,775
2021 $886 $19,150 $2,375 $16,775
2020 $707 $19,150 $2,375 $16,775
2019 $721 $14,750 $1,875 $12,875
2018 $707 $14,750 $1,875 $12,875
2017 $707 $14,750 $1,875 $12,875
2016 $728 $14,750 $1,875 $12,875
2015 -- $15,200 $1,875 $13,325
2014 -- $15,200 $1,875 $13,325
2013 -- $16,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cathy Shepherd

    Seller's Agent in 2020

    Cathy Shepherd

    Rocky Top Realty

    (865) 498-0183

    42 in this area

    189 Total Sales

    Cathy Shepherd
    Section Image
  • Kelly Lewis

    Buyer's Agent in 2020

    Kelly Lewis

    Clinch Mountain Realty & Auction

    (423) 742-5663

    11 in this area

    111 Total Sales

    Kelly Lewis
    Section Image

  • S

    Buyer's Agent in 2020

    SHARON NAVE

    Mountain Aire Realty, LLC

  • R

    Buyer's Agent in 2020

    Rose Morgan

    Mantria Realty LLC

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1130217

East Tennessee REALTORS® MLS

APN: 008M-A-020.00

Tennessee Anderson County Lake City 37769

507 Wallace Ave, Lake City, TN

This home is located at 507 Wallace Ave, Lake City, TN 37769 since 18 September 2020 and is currently estimated at $167,949, approximately $119 per square foot. This property was built in 1946. 507 Wallace Ave is a home located in Anderson County.

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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