NOT LISTED FOR SALE

515 Wallace Ave Lake City, TN 37769

Estimated Value: $172,937 - $217,000

3 Beds
1 Bath
1,176 Sq Ft
$162/Sq Ft Est. Value

Last Sold July 31, 2015

Last sale price $60,375 $51 Per Sq Ft

Est. 215% increase in value since last sale

Current estimated payment $1,087/month

157 Days on Market

Highlights

  • Deck
  • No HOA
  • Outdoor Storage
  • Ranch Style House
  • Living Room
  • Central Heating and Cooling System

About This Home

As of July 2015

Great 3 bedroom 1 bath home with detached garage, workshop, and unfinished walk out basement area. Deck off kitchen. Open floor plan. Nice fireplace. Private backyard. Great possibilities!

Last Agent to Sell the Property

Michele Karl

Priority Real Estate License #306123 Listed on: 02/17/2015

Last Buyer's Agent

Michele Karl

Priority Real Estate License #306123 Listed on: 02/17/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $915

Year Built

  • Built in 1947

Lot Details

  • 8,712

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,176 Sq Ft Home
  • Ceiling Fan
  • Fireplace Features Masonry
  • Living Room
  • Dining Room
  • Washer and Electric Dryer Hookup

Kitchen

  • Self-Cleaning Oven
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

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

Outdoor Features

  • Deck
  • Outdoor Storage
  • Outbuilding

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Foreclosure
  • Tax Lot 0050

Home Details

Home Type

Single Family

Est. Annual Taxes

$915

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1947
  • Zoning: Residential
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: 469
  • ResoSpecialListingConditions: In Foreclosure
  • Subdivision Name: Other
  • Above Grade Finished Sq Ft: 1176.0
  • Architectural Style: Ranch
  • Fireplace: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • Reso Other Structures: Outbuilding
  • Location Tax and Legal Tax Lot2: 0050
  • Location Tax and Legal:Tax Annual Amount: 915.24
  • Location Tax and Legal Tax Year2: 2011
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Above Grade Finished Area: 1176.0
  • General Property Information Bonus Room YN2: No
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Microwave: Yes
  • Cooling:Central Air: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Composition: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Room Types Bedroom 2 Level: 1
  • Room Types Dining Room: Yes
  • Room Types Dining Room Level: 1
  • Room Types Living Room: Yes
  • Room Types Living Room Level: 1
  • Room Types Primary Bedroom Level: 1
  • Levels:One: Yes
  • Room Types Bedroom 3 Level: 1
  • Architectural Style Ranch2: Yes
  • Other Structures:Outbuilding: Yes
  • Special Listing Conditions In Foreclosure: Yes
  • Special Features: 1028
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Crawl Space, Exterior Entry, Walk-Out Access
  • Appliances: Microwave, Self Cleaning Oven
  • Interior Amenities: Ceiling Fan(s)
  • Street Number Modifier: 515
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Total Bedrooms: 12
  • Appliances:Self Cleaning Oven: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Ceiling Fans: Yes
  • Basement:Basement2: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Exterior Entry: Yes
  • Fireplace Features:Masonry: Yes

Exterior Features

  • Exterior Features: Storage
  • Roof: Composition
  • Acres: 0.2
  • Home Warranty: No
  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features: Deck
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes
  • Exterior Features:Storage2: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • General Property Information:Attached Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 915.24
  • Tax Lot: 0050

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2015
Closed on
Jul 30, 2015
Sold by
Jpmorgan Chase Bank National Association
Bought by
Patel Shaileshkumar B and Patel Sunitaben S
Seller's Agent
Michele Karl
Priority Real Estate
Buyer's Agent
Michele Karl
Priority Real Estate
List Price
$69,810
Sold Price
$60,375
Premium/Discount to List
-$9,435
-13.52%
Current Estimated Value
$189,984

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,609
Avg. Annual Appreciation
12.26%

Purchase Details

Closed on
Jan 30, 2015
Sold by
Carden Gerald L
Bought by
Jp Morgan Chase Bank

Purchase Details

Closed on
Jun 8, 2009
Sold by
Hembree Tommy Lynn
Bought by
Carden Gerald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,857
Interest Rate
4.77%

Purchase Details

Closed on
Feb 12, 2009
Sold by
Donovan Shaun
Bought by
Hembree Tommy Lynn

Purchase Details

Closed on
Aug 29, 2008
Sold by
Jennings Rodney
Bought by
The Secretary Of Housing

Purchase Details

Closed on
Mar 8, 2004
Sold by
Clowers Sherry A L F
Bought by
Jennings Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,901
Interest Rate
5.63%

Purchase Details

Closed on
Dec 15, 2000
Sold by
Leab Roy
Bought by
Leab Sherry A

Purchase Details

Closed on
Nov 5, 1996
Sold by
Spears Jimmy D
Bought by
Leab Roy

Purchase Details

Closed on
Jul 31, 1990
Bought by
Spears Jimmy D and Spears Wife Pamela W
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
Patel Shaileshkumar B $60,375 --
Jp Morgan Chase Bank $69,800 --
Jpmorgan Chase Bank National A $69,810 --
Carden Gerald L $90,000 --
Hembree Tommy Lynn $44,850 --
The Secretary Of Housing $82,145 --
Jennings Rodney $79,000 --
Leab Sherry A -- --
Leab Roy $35,000 --
Spears Jimmy D $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spears Jimmy D $92,857
Previous Owner Jennings Rodney M $15,500
Previous Owner Spears Jimmy D $77,901
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2020 10/29/20 Off Market $60,375 -- --
07/31/2015 07/31/15 Sold $60,375 -13.5% $51 / Sq Ft
07/24/2015 07/24/15 Pending -- -- --
02/17/2015 02/17/15 For Sale $69,810 -- $59 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

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 $619 $23,550 $2,875 $20,675
2023 $619 $23,550 $0 $0
2022 $1,090 $23,550 $2,875 $20,675
2021 $1,090 $23,550 $2,875 $20,675
2020 $619 $23,550 $2,875 $20,675
2019 $946 $19,350 $2,300 $17,050
2018 $927 $19,350 $2,300 $17,050
2017 $927 $19,350 $2,300 $17,050
2016 $927 $19,350 $2,300 $17,050
2015 -- $19,350 $2,300 $17,050
2014 -- $19,350 $2,300 $17,050
2013 -- $22,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michele Karl

    Seller's Agent in 2015

    Michele Karl

    Priority Real Estate

    (865) 257-6996

    114 Total Sales

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 194606

Great Smoky Mountains Association of REALTORS®

APN: 008M-A-017.00

Tennessee Anderson County Lake City 37769

515 Wallace Ave, Lake City, TN

This home is located at 515 Wallace Ave, Lake City, TN 37769 since 17 February 2015 and is currently estimated at $189,984, approximately $161 per square foot. This property was built in 1947. 515 Wallace Ave is a home located in Anderson County.

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