NOT LISTED FOR SALE

514 Wallace Ave Lake City, TN 37769

Estimated Value: $205,045 - $239,000

3 Beds
2 Baths
1,624 Sq Ft
$137/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $134,500 $83 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,269/month

159 Days on Market

Highlights

  • Traditional Architecture
  • Covered Patio or Porch
  • Zoned Heating and Cooling System
  • Wood Flooring
  • Separate Outdoor Workshop
  • Storm Doors

About This Home

As of July 2020

Don't miss your chance at this adorable 3BR/2BA home located in Rocky Top, Tennessee. This awesome brick bungalow is perfect for the young beginning family or someone looking to downsize! As you walk through the front door you will enter the living room with tons of natural light. From the living room you will follow the hall to either of the 3 spacious bedrooms as well as 2 full baths. The kitchen is right off of the living room and features ample cabinetry and access to the back porch. There is also a large open basement that would be great for a man cave as well as garage access. In the back yard you will find 2 other garages great for the car lover in the family as well as another storage shed great for storing tools and yard machinery.

Last Agent to Sell the Property

Ryan Coleman

Hometown Realty, LLC License #322312 Listed on: 12/13/2019

Last Buyer's Agent

Kyle McCann

EXIT Key Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $447

Year Built

  • Built in 1947

Lot Details

  • 8,276 Sq Ft Lot
  • Chain Link Fence

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,624 Sq Ft Home
  • Insulated Windows
  • Self-Cleaning Oven
  • Finished Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

  • Zoned Heating and Cooling System

Community Details

  • North Coal Creek S/D Subdivision

Listing and Financial Details

  • Assessor Parcel Number 008m A 011.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$447

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Directions: Take I 75 N to exit 129, Rocky Top, slight right onto Main St. right onto Nelson St. take 1st left onto Wallace Ave. Home is on the left.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1947
  • Lot Size Acres: 0.19
  • Subdivision Name: North Coal Creek S/D
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Smoke Detector, Self Cleaning Oven, Refrigerator
  • Has Basement: Finished
  • Fireplace: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Flooring: Carpet, Hardwood, Vinyl

Exterior Features

  • Exterior Features: Windows - Insulated, Porch - Covered, Fence - Chain, Doors - Storm
  • Construction Type: Brick
  • Other Structures: Storage, Workshop

Garage/Parking

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

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 8276.4
  • Parcel #: 008m A 011.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 447.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2019
Closed on
Jul 24, 2020
Sold by
Baird Brandon Scott and Baird Christopher Lynn
Bought by
Rendell Jonathan C and Rendell Bridgette
Seller's Agent
Ryan Coleman
Hometown Realty, LLC
Buyer's Agent
Kyle McCann
EXIT Key Realty
Sold Price
$134,500
Current Estimated Value
$222,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,761
Avg. Annual Appreciation
10.35%
Original Mortgage
$132,063
Outstanding Balance
$117,626
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$104,635

Purchase Details

Closed on
May 1, 2014
Sold by
Morris William M
Bought by
Morris Ben W and Morris Audrey N

Purchase Details

Closed on
Aug 24, 2012
Sold by
Sharp Johnny R
Bought by
Baird Kathryn Dowlen

Purchase Details

Closed on
Jul 30, 2002
Sold by
Chambers Bob K Estate Of
Bought by
Chambers Robert L
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
Rendell Jonathan C $134,500 Genesis Real Estate Ttl Llc
Morris Ben W $242,000 --
Baird Kathryn Dowlen -- --
Chambers Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rendell Jonathan C $4,327
Closed Rendell Jonathan C $5,346
Open Rendell Jonathan C $132,063
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $134,500 -- $83 / 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 $694 $26,400 $2,625 $23,775
2023 $694 $26,400 $0 $0
2022 $2,180 $26,400 $2,625 $23,775
2021 $1,222 $26,400 $2,625 $23,775
2020 $694 $26,400 $2,625 $23,775
2019 $1,093 $22,350 $2,100 $20,250
2018 $1,071 $22,350 $2,100 $20,250
2017 $1,071 $22,350 $2,100 $20,250
2016 $1,040 $22,350 $2,100 $20,250
2015 -- $21,700 $2,100 $19,600
2014 -- $21,700 $2,100 $19,600
2013 -- $24,375 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Coleman

    Seller's Agent in 2020

    Ryan Coleman

    Hometown Realty, LLC

    (865) 693-7653

    2 in this area

    424 Total Sales

    Ryan Coleman
    Section Image

  • K

    Buyer's Agent in 2020

    Kyle McCann

    EXIT Key Realty

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1102968

East Tennessee REALTORS® MLS

APN: 008M-A-011.00

Tennessee Anderson County Lake City 37769

514 Wallace Ave, Lake City, TN

This home is located at 514 Wallace Ave, Lake City, TN 37769 since 13 December 2019 and is currently estimated at $222,261, approximately $136 per square foot. This property was built in 1947. 514 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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