NOT LISTED FOR SALE

7224 Palermo Rd Knoxville, TN 37918

Estimated Value: $337,000 - $352,000

3 Beds
2 Baths
1,430 Sq Ft
$241/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $220,000 $154 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,933/month

Highlights

  • Traditional Architecture
  • Attached Garage
  • Central Heating and Cooling System
  • Covered Patio or Porch
  • Tile Flooring
  • Wood Fence

About This Home

As of May 2021

Just Right Rancher! Enjoy a cup of coffee in the morning or a glass of sweet tea in the evening as you wave to neighbors from the covered front porch. Brick on all four sides will save you time and money on maintenance. Open living room and adjacent dining area share tall cathedral ceilings and create a split bedroom layout so that everyone can enjoy a measure of privacy. Two legged or four legged, there is room and safety to run in the fenced backyard. County only taxes mean less oversight and more money in your bank account. Make home a place you want to be - Schedule your showing today!

Last Agent to Sell the Property

Adam Wilson

Adam Wilson Realty License #323722 Listed on: 03/26/2021

Last Buyer's Agent

Wedad Almatari

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $860

Year Built

  • Built in 1995

Lot Details

  • 8,656 Sq Ft Lot
  • Lot Dimensions are 78 x 110
  • Wood Fence

Home Design

  • 1,430 Sq Ft Home
  • Traditional Architecture
  • Brick Exterior Construction

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • Parking Available
  • Garage Door Opener
  • Off-Street Parking

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • Ghiradelli Pl Unit 2 Subdivision

Listing and Financial Details

  • Property Available on 3/26/21
  • Assessor Parcel Number 047KE062

Home Details

Home Type

Single Family

Est. Annual Taxes

$860

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Directions: From Callahan Rd, turn left on Central Avenue Pike, turn right on E Beaver Creek Dr, left on Ghiradelli Rd, left onto Galileo Rd, Right on Palermo Rd, home on right.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1995
  • Lot Size Acres: 0.2
  • Lot Size: 78 X 110
  • Subdivision Name: Ghiradelli Pl Unit 2
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Microwave
  • Has Basement: Slab
  • Fireplace: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Flooring: Laminate, Tile

Exterior Features

  • Exterior Features: Fence - Wood, Patio, Porch - Covered
  • Construction Type: Other, Brick

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Garage Door Opener, Other, Attached, Main Level, Off-Street Parking

Utilities

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

Lot Info

  • Lot Size Sq Ft: 8656.0
  • Parcel #: 047KE062
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2021-03-26

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
May 26, 2021
Sold by
Parks Matthew T and Parks Hailey N
Bought by
Ibrahim Mazin A and Ibrahim Doaa
Seller's Agent
Adam Wilson
Adam Wilson Realty
Buyer's Agent
Wedad Almatari
Keller Williams Realty
Sold Price
$220,000
Current Estimated Value
$344,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,220
Avg. Annual Appreciation
11.00%
Original Mortgage
$209,000
Outstanding Balance
$189,924
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$154,296

Purchase Details

Listed on
Jul 12, 2017
Closed on
Aug 25, 2017
Sold by
White Joseph Nathan and White Melissa A
Bought by
Parks Matthew T and Parks Hailey N
Seller's Agent
Vickie Bailey
Wallace
Buyer's Agent
Adam Wilson
The House Store
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.86%
Original Mortgage
$157,102
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 30, 2013
Sold by
Barton Byron L
Bought by
White Joseph Nathan and White Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,717
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2004
Sold by
Barton Mary M and Greene Michelle
Bought by
Barton Byron L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,162
Interest Rate
5.64%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 30, 1998
Sold by
Goin Joyce A and Goin Joyce Ann
Bought by
Barton Byron L and Barton Mary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,949
Interest Rate
7.1%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 1996
Sold by
Welch Jayne S
Bought by
Goin Joyce A

Purchase Details

Closed on
Aug 3, 1995
Bought by
Welch Jayne S
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
Ibrahim Mazin A $220,000 Superior Title & Escrow Llc
Parks Matthew T $160,000 Admiral Title Inc
White Joseph Nathan $126,000 Genesis Real Estate Title L
Barton Byron L -- Tennessee Title Professional
Barton Byron L $99,000 Abstract Title Inc
Goin Joyce A $96,900 --
Welch Jayne S $91,650 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibrahim Mazin A $209,000
Previous Owner Parks Matthew T $157,102
Previous Owner White Joseph Nathan $123,717
Previous Owner Barton Byron L $15,000
Previous Owner Barton Byron L $111,162
Previous Owner Barton Byron L $15,300
Previous Owner Barton Byron L $98,949
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2021 05/26/21 Sold $220,000 +37.5% $154 / Sq Ft
08/25/2017 08/25/17 Sold $160,000 -- $112 / 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 $860 $55,350 $0 $0
2023 $860 $55,350 $0 $0
2022 $860 $55,350 $0 $0
2021 $704 $33,200 $0 $0
2020 $704 $33,200 $0 $0
2019 $704 $33,200 $0 $0
2018 $704 $33,200 $0 $0
2017 $704 $33,200 $0 $0
2016 $711 $0 $0 $0
2015 $711 $0 $0 $0
2014 $711 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Adam Wilson

    Seller's Agent in 2021

    Adam Wilson

    Adam Wilson Realty

    (865) 233-8648

    8 in this area

    158 Total Sales

    Adam Wilson
    Section Image

  • W

    Buyer's Agent in 2021

    Wedad Almatari

    Keller Williams Realty

  • W

    Buyer's Agent in 2021

    Wedad ''Alma'' Almatari

    United Real Estate Solutions

  • W

    Buyer's Agent in 2021

    Wedad Alma Almatari

    The Real Estate Firm, Inc.

    (865) 410-9350

    4 in this area

    55 Total Sales

    Wedad Alma Almatari
    Section Image

  • V

    Seller's Agent in 2017

    Vickie Bailey

    Wallace

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1147080

East Tennessee REALTORS® MLS

APN: 047KE-062

Tennessee Knox County Knoxville 37918

7224 Palermo Rd, Knoxville, TN

This home is located at 7224 Palermo Rd, Knoxville, TN 37918 since 26 March 2021 and is currently estimated at $344,220, approximately $240 per square foot. This property was built in 1995. 7224 Palermo Rd is a home located in Knox County with nearby schools including Brickey McCloud Elementary School, Powell Middle School, and Central 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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