See Home Value
Knoxville 37919
1007 Tea Olive Lane
$747,000 - $913,000
House - Off Market

1007 Tea Olive Lane

Knoxville, TN 37919
bedrooms
Studio
bathrooms
3.5 Baths, 1 Half Bath
square feet
3309 Sqft
Sold Mar 01, 2024
$825,000
$560,000 by Pinnacle Bank
Mortgage Due Mar 01, 2054

About This Property

Welcome to this exquisite new construction home located in the desirable West Knoxville area. This stunning property offers a perfect blend of contemporary elegance and modern functionality.

As you step inside, you'll immediately notice the thoughtful design and attention to detail with Hardwood Floors throughout. The main floor features a luxurious master bedroom, providing a peaceful retreat for the homeowners. With its spacious layout and well-appointed en-suite bathroom, complete with a spa-like soaking tub and a separate shower, this master suite offers the ultimate in comfort and relaxation.

Making your way upstairs, you'll discover three additional generously-sized bedrooms, perfect for accommodating family members or guests. Each bedroom boasts ample closet space and large windows that fill the rooms with natural light. Adjacent to the bedrooms is a versatile bonus room, which can be used as a playroom, entertainment area, or even a cozy reading nook.

One of the standout features of this home is the impressive home office located above the garage. This dedicated workspace offers privacy and tranquility, making it an ideal environment for productivity. Whether you work from home or simply need a space for your personal projects, this home office is sure to exceed your expectations.

The heart of the home lies in the well-appointed kitchen, which features a large center island, perfect for meal preparation and casual dining. The kitchen also boasts double ovens, allowing you to effortlessly cook and entertain. A walk-in pantry provides ample storage space for all your culinary needs, ensuring that everything is neatly organized and easily accessible.

The open-concept design seamlessly connects the kitchen to the adjacent living and dining areas, creating an ideal space for gatherings and socializing. Crown molding throughout the home adds a touch of elegance and sophistication, enhancing the overall aesthetic appeal.

Stepping outside, you'll be greeted by a huge covered deck, offering an inviting space for outdoor relaxation and entertainment. Whether you want to host a barbecue, enjoy a morning cup of coffee, or simply unwind after a long day, this expansive deck is the perfect spot. The front porch and side-entry garage add to the curb appeal of the home, creating a welcoming and inviting entrance.

In summary, this new construction home in West Knoxville offers a wealth of luxurious features and thoughtful design elements. From the main-level master suite to the three upstairs bedrooms, the versatile bonus room, the spacious kitchen with a walk-in pantry, the impressive home office, the crown molding throughout, and the expansive covered deck, every aspect of this home has been meticulously crafted to provide the utmost comfort, convenience, and style.

The manager has listed the unit size as 3309 square feet.
Unit Size
3,309Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$251
Property Type
House
Property Taxes
$155
HOA Dues
$250
Year Built
2023

Price History

Date / Event Date Event Price
Mar 3, 2024 No longer available -
No longer available
Feb 16, 2024 In contract -
In contract
Feb 15, 2024 Relisted $830,000
Relisted
Jan 26, 2024 In contract -
In contract
Nov 29, 2023 Price Decreased $830,000
↓ $20K (2.4%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Contemporary
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,328
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 770
  • Total Building Area: 3,309
  • Building Area: 3,309
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 3,309
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: PENROSE FOREST
  • Land Acres: 0.191
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME PENROSE FOREST LOWLOT 2 HIGHLOT LOWBLO CK HIGHBLOCK DIMENSIONS 77.72 X 107.16 X IRR

Ownership

  • Current Owner : PRICE ANDREW LEE
  • Current Owner 2: PRICE MARY TAYLOR
  • Previous Owner : AURORA INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 004404

Geography

  • Assessors Map Reference: MAP #133F
  • District: COU
  • Parcel: 133FL002
  • Lot: 2
  • Municipality: COUNTY OF KNOX
  • Latitude: 35.9046
  • Longitude: -84.0378

    Address

  • Full Address: 1007 Tea Olive Ln
  • Address - House Number: 1007
  • Address - Street Name: Tea Olive
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Knoxville
  • Zip Code: 37919

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,948

    Appraisal Valuation

  • Standard Deviation: 0.0873
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 92
  • Final Value: 837,476
  • High Value: 910,633
  • Low Value: 764,319

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $560,000
  • First Open Lien Mortgage Lender: PINNACLE BANK
  • First Open Lien Mortgage Recording Date: Mar 01, 2024
  • First Open Lien Mortgage Loan Amount: $560,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2054

    Market Valuation

  • Market Total Value: $501,400
  • Market Land Value: $50,000
  • Market Improvement Value: $451,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,350

    Sales

  • Current Sale Contract Date: Feb 28, 2024
  • Current Sale Recording Date: Mar 01, 2024
  • Current Sale Transaction ID: 11923311720
  • Current Sale Price: $825,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 41963

    Last Sale Mortgage

  • First Mortgage Lender: PINNACLE BANK
  • First Mortgage Transaction Date: Mar 01, 2024
  • First Mortgage Loan Amount: $560,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2054



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Other
Loft
4.5 Baths
3,209 ft²
$270/ft²
$865,000 Nov 22, 2023
-
$250/mo
Other
Loft
3.5 Baths
3,190 ft²
$218/ft²
$694,000 Nov 5, 2023
-
$2,330/mo
Other
Loft
4.5 Baths
3,747 ft²
$255/ft²
$955,000 Oct 19, 2023
-
$250/mo

About Knoxville


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Nearby Rentals

Unit for rent at 8704 Mill Run Drive, Knoxville, TN, 37922

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,680 ft²
8704 Mill Run Drive #8704 Mill Run Drive, Knoxville, TN, 37922 Listing by Manager
Unit for rent at 8426 Lesley Marie Lane, Knoxville, TN, 37919

$2,500 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,331 ft²
8426 Lesley Marie Lane #8426 Lesley Marie Lane, Knoxville, TN, 37919 Listing by Manager


Frequently Asked Questions

When was property at 1007 Tea Olive Lane built and last sold?
The property at 1007 Tea Olive Lane was built in 2023 and last sold on Feb 28, 2024 for $825,000.
How much is this home worth?
The estimated value of the home located at 1007 Tea Olive Lane is $829,311.
What are some comparable homes to 1007 Tea Olive Lane?
Homes that are comparable to 1007 Tea Olive Lane include a other property at 8110 Carolina Cherry Lane, 8147 Crimson Tree Lane, 8114 Carolina Cherry Lane.

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