See Home Value
Knox 37922
12537 Mallard Bay Drive
$2,859,066*
House - Off Market

12537 Mallard Bay Drive

Knoxville, TN 37922
bedrooms
5 Beds
bathrooms
6 Baths, 1 Half Bath
square feet
6477 Sqft
$1,701,000 - $2,079,000
Reference Base Price*
51.27%
Since Sep 1, 2018
National-US
Primary Model
Sold Jun 12, 2018
$1,525,000
$1,125,000 by Wells Fargo Bank Na
Mortgage Due Jul 01, 2033
Sold May 25, 2006
$1,922,793
$1,000,000 by Suntrust Mortgage Inc
Mortgage Due Jun 01, 2036

About This Property

From the moment you enter this custom built home you are welcomed by breathtaking lake views and soaring ceilings. The grand entrance leads to an exquisite and open living room, fabulous dining room and private study. Stunning wood floors run throughout most of the first level while designer window coverings and extensive mill work ad to the warmth and elegance of this beautiful home. This home boasts five spacious bedrooms, wine cellar, stunning swimmer's pool with spa, state of the art media room and loads of space for entertaining. Additional details by request.

The manager has listed the unit size as 6477 square feet.
Unit Size
6,477Ft²
Days on Market
-
Land Size
1.65 acres
Price per sqft
$292
Property Type
House
Property Taxes
$830
HOA Dues
$33
Year Built
2005

Price History

Date / Event Date Event Price
Aug 14, 2018 No longer available -
No longer available
Jun 12, 2018 Sold to Carie Tipton Rakes, Michael... $1,525,000
Sold to Carie Tipton Rakes, Michael...
May 15, 2018 Relisted $1,890,000
Relisted
Jul 8, 2017 Listed $1,890,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Frame
  • Building Style: Contemporary
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 2,740
  • Garage Type: Attached
  • Garage Square Area: 554
  • Parking Space Count: 2
  • Porch Type: Screened porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 71,874
  • Lot Size Depth Feet: 6,192
  • Lot Size Frontage Feet: 1,225
  • Total Building Area: 7,604
  • Gross Building Area: 8,404
  • Building Area: 7,604
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 7,604
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MALLARD BAY UNIT 4
  • Land Acres: 1.65
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME MALLARD BAY UNIT 4 MAPPLATB 20030826 MA PPLATP 0023829 DIMENSIONS 122.5 X 619.18 X IRR

Ownership

  • Current Owner : RAKES MICHAEL SPENCER
  • Current Owner 2: RAKES CARIE TIPTON
  • Previous Owner : KNORR DANIEL J
  • Previous Owner 2: KNORR ANGEL R
  • Owner Before Previous Owner: CROWN INVESTMENTS
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 005814

Geography

  • Assessors Map Reference: MAP #162F
  • District: COU
  • Parcel: 162FC001
  • Lot: 1
  • Municipality: COUNTY OF KNOX
  • Latitude: 35.8421
  • Longitude: -84.1767

    Address

  • Full Address: 12537 Mallard Bay Dr
  • Legal Unit: 4
  • Address - House Number: 12537
  • Address - Street Name: Mallard Bay
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Knoxville
  • Carrier Code: R107
  • 4-Digit Zip Code: 9323
  • Zip Code: 37922

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,721

    Appraisal Valuation

  • Standard Deviation: 0.4992
  • Valuation Date: Dec 06, 2023
  • Final Value: 2,750,371
  • High Value: 4,123,368
  • Low Value: 1,377,373

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,125,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Jun 12, 2018
  • First Open Lien Mortgage Loan Amount: $1,125,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2033

    Market Valuation

  • Market Total Value: $2,244,900
  • Market Land Value: $600,000
  • Market Improvement Value: $1,644,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $561,225

    Sales

  • Current Sale Contract Date: Jun 06, 2018
  • Current Sale Recording Date: Jun 12, 2018
  • Current Sale Transaction ID: 11481876083
  • Current Sale Price: $1,525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201806120073408
  • Previous Sale Recording Date: May 25, 2006
  • Previous Sale Contract Date: May 19, 2006
  • Previous Sale Amount: $1,922,793
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jun 12, 2018
  • First Mortgage Loan Amount: $1,125,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2033

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: May 25, 2006
  • Previous Mortgage Loan Amount: $1,000,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2036



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Knox


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 12618 Brass Lantern Lane, Knoxville, TN, 37934

$3,700 /mo

  • 3 Beds
  • 3 Baths
  • 2,821 ft²
12618 Brass Lantern Lane #12618 Brass Lantern Lane, Knoxville, TN, 37934 Listing by Manager
Unit for rent at 1155 Avocet Lane, Knoxville, TN, 37922

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,707 ft²
1155 Avocet Lane #1155 Avocet Lane, Knoxville, TN, 37922 Listing by Manager


Frequently Asked Questions

When was property at 12537 Mallard Bay Drive built and last sold?
The property at 12537 Mallard Bay Drive was built in 2005 and last sold on Jun 6, 2018 for $1,525,000.
How much is this home worth?
The estimated value of the home located at 12537 Mallard Bay Drive is $1,882,523.
What are some comparable homes to 12537 Mallard Bay Drive?
There are currently no comparable homes to 12537 Mallard Bay Drive.

Quantcast