NOT LISTED FOR SALE

701 Redwine St Unit 1 Knoxville, TN 37920

South Knoxville Neighborhood

Estimated Value: $244,000 - $304,000

2 Beds
2 Baths
1,446 Sq Ft
$198/Sq Ft Est. Value

Last Sold July 11, 2022

Last sale price $231,000 $160 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,593/month

1 Day on Market

About This Home

As of July 2022

As a rare two-unit home, this is an investor's dream. This well-maintained home in South Knoxville has a two-bed, one-bath unit and a one-bed, one-bath unit, each with its own entrance, and is move-in ready. If you want a turnkey operation once tenants are placed, this is it. Unit B is currently vacant, and Unit A's lease is up on June 30, 2022. The single-level floor plan creates a functional interior that is light and uplifting and enjoys a flow-through living area. The good-sized yard includes a covered front porch and verdant lawn, and the house is on a corner lot. Well-placed in a desirable South Knoxville neighborhood, this is perfect for a profitable rental home. Around the corner from walking and biking trails, restaurants, cafes, bars, theaters, nightlife, and everything Downtown Knoxville has to offer. Easy access to the highway, and public transportation options nearby. This unique home won't last long. Want to know more? Schedule a showing today.

Last Agent to Sell the Property

David Otten

Realty Executives Associates License #360912 Listed on: 06/03/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $322

Year Built

  • Built in 1930

Lot Details

  • 6,097 Sq Ft Lot
  • Lot Dimensions are 50 x 130

Home Design

  • 1,446 Sq Ft Home
  • Vinyl Siding

Flooring

  • Carpet
  • Vinyl

Schools

  • South Knoxville Elementary School
  • South Doyle Middle School
  • South Doyle High School

Community Details

  • 2 Units
  • S Water Front Alexander Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 108LB006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$322

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Directions: Merge onto I-40 E/I-75 N. Keep left to continue on I-40 E. Take exit 388 to merge onto US-441 S/Henley St. Follow US-441 S and W Blount Ave to Redwine St SW. Merge onto US-441 S/Henley St. Continue to follow US-441 S. Turn right onto W Blount Ave. Turn right onto Redwine St SW. Destination will be on the left.
  • Prop. Type: Multi-Family
  • Year Built: 1930
  • Lot Size Acres: 0.14
  • Lot Size: 50 X 130
  • Subdivision Name: S Water Front Alexander Add
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Flooring: Carpet, Vinyl

Exterior Features

  • Construction Type: Vinyl Siding

Schools

  • Elementary School: South Knoxville
  • High School: South Doyle
  • Middle Or Junior School: South Doyle

Lot Info

  • Lot Size Sq Ft: 6097.0
  • Parcel #: 108LB006
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 321.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2022
Closed on
Jul 8, 2022
Sold by
Strategic Capital Management Llc
Bought by
Donaldson Joshua M
Seller's Agent
David Otten
Realty Executives Associates
List Price
$205,000
Sold Price
$231,000
Premium/Discount to List
$26,000
12.68%
Current Estimated Value
$278,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,827
Avg. Annual Appreciation
4.79%
Original Mortgage
$173,250
Outstanding Balance
$166,027
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$100,929

Purchase Details

Closed on
Feb 17, 2017
Sold by
Davidson Christopher J and Davidson William M
Bought by
Strategic Capial Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 7, 2015
Closed on
Feb 12, 2016
Sold by
Johnson Charles S and Johnson Myra M
Bought by
Johnson William M and Davidson Susan O
Seller's Agent
Charlotte Frye
Day & Associates
Buyer's Agent
Tyler Fogarty
Realty Executives Associates
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.61%
Original Mortgage
$35,625
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2000
Sold by
Richards Todd E and Richards Karen
Bought by
Johnson Charlie S and Johnson Myra M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,450
Interest Rate
8.17%

Purchase Details

Closed on
Apr 19, 1996
Sold by
Lusk Stewart W
Bought by
Richards Todd E

Purchase Details

Closed on
Aug 18, 1995
Bought by
Lusk Stewart W

Purchase Details

Closed on
Aug 23, 1994
Sold by
Ellison Michael E
Bought by
Brogan James R
Source: Public Records

Range of Values:

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Average Value
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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
Donaldson Joshua M $231,000 Superior Title
Strategic Capial Management Llc -- None Available
Johnson William M $47,500 Southeast Title & Escrow Llc
Johnson Charlie S $53,500 --
Richards Todd E -- --
Lusk Stewart W -- --
Brogan James R $6,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donaldson Joshua M $173,250
Previous Owner Strategic Capital Management Llc $260,000
Previous Owner Strategic Capial Management Llc $100,000
Previous Owner Johnson William M $35,625
Previous Owner Johnson Charlie S $37,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2022 07/11/22 Sold $231,000 +12.7% $160 / Sq Ft
06/04/2022 06/04/22 Pending -- -- --
06/03/2022 06/03/22 For Sale $205,000 +355.6% $142 / Sq Ft
02/12/2016 02/12/16 Sold $45,000 -- $31 / 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 $790 $21,300 $0 $0
2023 $790 $21,300 $0 $0
2022 $790 $21,300 $0 $0
2021 $599 $13,050 $0 $0
2020 $599 $13,050 $0 $0
2019 $599 $13,050 $0 $0
2018 $599 $13,050 $0 $0
2017 $599 $13,050 $0 $0
2016 $726 $0 $0 $0
2015 $726 $0 $0 $0
2014 $726 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    David Otten

    Realty Executives Associates

  • C

    Seller's Agent in 2016

    Charlotte Frye

    Day & Associates

  • T

    Buyer's Agent in 2016

    Tyler Fogarty

    Realty Executives Associates

    (865) 603-9397

    2 in this area

    129 Total Sales

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1193872

East Tennessee REALTORS® MLS

APN: 108LB-006

Tennessee Knox County Knoxville 37920 South Knoxville

701 Redwine St Unit 1, Knoxville, TN

This home is located at 701 Redwine St Unit 1, Knoxville, TN 37920 since 03 June 2022 and is currently estimated at $286,683, approximately $198 per square foot. This property was built in 1930. 701 Redwine St Unit 1 is a home located in Knox County with nearby schools including South Knox Elementary School, South Doyle Middle School, and South Doyle High School.

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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