NOT LISTED FOR SALE

508 Michigan Ave Oak Ridge, TN 37830

Estimated Value: $191,000 - $200,000

2 Beds
1 Bath
819 Sq Ft
$239/Sq Ft Est. Value

Last Sold December 12, 2014

Last sale price $39,250 $48 Per Sq Ft

Est. 398% increase in value since last sale

Current estimated payment $1,063/month

Highlights

  • 0.36 Acre Lot
  • Traditional Architecture
  • Central Heating
  • Glenwood Elementary Rated A
  • Covered Patio or Porch
  • Vinyl Flooring

About This Home

As of December 2014

Traditional Basement Ranch Home in the heart of Oak Ridge. This popular floorplan is waiting for your special touch! Hardwood floors on the main level. Bright and sunny kitchen with plenty of room for entertaining. The unfinished basement offers room for storage. Great opportunity - come see today!

Last Agent to Sell the Property

Wanda Lovelace

Omega Realty Group, LLC Listed on: 10/05/2014

Last Buyer's Agent

Sheila Morgan

The REAL ESTATE Office License #208553

The REAL ESTATE Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $400

Year Built

  • Built in 1943

Lot Details

  • 0.36

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 819 Sq Ft Home
  • Brick Fireplace
  • Crawl Space

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Covered Patio or Porch
  • 0.36 Acre Lot
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 094p B 003.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$400

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Directions: Oak Ridge Turnpike to New York to (R) onto Outer Drive to (R) on Michigan at the Park. Property on the right. SOP.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1943
  • Lot Size Acres: 0.36
  • Lot Size: 0.36
  • Architectural Style: Traditional
  • Property Attached Yn: Yes
  • Special Features: VirtualTour

Interior Features

  • Has Basement: Crawl Space
  • Fireplace: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Brick
  • Fireplaces: 1
  • Flooring: Laminate, Vinyl, Other

Exterior Features

  • Exterior Features: Porch - Covered
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: On-Street Parking

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 15681.6
  • Parcel #: 094p B 003.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 400.33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2014
Closed on
Dec 12, 2014
Sold by
Secretary Of Housing And Urban
Bought by
Rust Aubrey R
Seller's Agent
Wanda Lovelace
Omega Realty Group, LLC
Buyer's Agent
Sheila Morgan
The REAL ESTATE Office
Sold Price
$39,250
Current Estimated Value
$195,596

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,346
Avg. Annual Appreciation
15.91%
Original Mortgage
$39,835
Outstanding Balance
$30,880
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$164,716

Purchase Details

Closed on
Sep 27, 2013
Sold by
Tennessee Housing Development
Bought by
Secretary Of Housing And Urban Development

Purchase Details

Closed on
Aug 27, 2013
Sold by
Salamacha Brandon J
Bought by
Tennessee Housing Development

Purchase Details

Closed on
Oct 31, 2008
Sold by
Vogeley Erik E
Bought by
Salamacha Brandon J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,049
Interest Rate
6.11%

Purchase Details

Closed on
Jun 18, 2008
Sold by
Aubey Martha N
Bought by
Vogeley Erik E
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
Rust Aubrey R $39,250 --
Secretary Of Housing And Urban Development -- --
Secretary Of Housing And Urban $95,184 --
Tennessee Housing Development $95,184 --
Salamacha Brandon J $83,500 --
Vogeley Erik E $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rust Aubrey R $39,835
Previous Owner Vogeley Erik E $83,049
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2014 12/12/14 Sold $39,250 -- $48 / 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 $481 $19,600 $6,150 $13,450
2023 $481 $19,600 $0 $0
2022 $934 $19,600 $6,150 $13,450
2021 $934 $19,600 $6,150 $13,450
2020 $481 $19,600 $6,150 $13,450
2019 $852 $16,200 $5,375 $10,825
2018 $831 $16,200 $5,375 $10,825
2017 $828 $16,200 $5,375 $10,825
2016 $828 $16,200 $5,375 $10,825
2015 -- $16,200 $5,375 $10,825
2014 -- $15,375 $5,375 $10,000
2013 -- $16,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2014

    Wanda Lovelace

    Omega Realty Group, LLC

  • Sheila Morgan

    Buyer's Agent in 2014

    Sheila Morgan

    The REAL ESTATE Office

    (865) 250-5318

    21 in this area

    43 Total Sales

    Sheila Morgan
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 902741

East Tennessee REALTORS® MLS

APN: 094P-B-003.00

Tennessee Anderson County Oak Ridge 37830

508 Michigan Ave, Oak Ridge, TN

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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