See Home Value
Knox 37934
12642 Veritas Way
$658,500*
Land - Off Market

12642 Veritas Way

Knoxville, TN 37922
bedrooms
Studio
bathrooms
0 Bath
$593,000 - $723,000
Reference Base Price*
0.00%
Since Dec 1, 2023
National-US
Primary Model
Sold Nov 06, 2023
$615,000
$461,250 by Pinnacle Bank
Mortgage Due Nov 03, 2043

About This Property

LAKEFRONT PROPERTY IN PRIME WEST KNOXVILLE LOCATION! Don't miss this rare opportunity to build your dream home on Fort Loudon Lake conveniently located near marinas, parks, shopping and dining. Wide lot allows the opportunity for a wall of windows on the back of the home and lake views from every room! Come home and enjoy a sunset cruise and go right around the corner for lakefront dining. Tucked away in a secluded cove this property offers peaceful water activities. So grab your boat, jet skis, paddleboards and have some fun on the lake!
Unit Size
-
Days on Market
-
Land Size
1.53 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,204
HOA Dues
$450
Year Built
-

Price History

Date / Event Date Event Price
Nov 6, 2023 Sold to Jessica Nicole Ellam, Lee M... $615,000
Sold to Jessica Nicole Ellam, Lee M...
Nov 4, 2023 No longer available -
No longer available
Sep 26, 2023 In contract -
In contract
Aug 11, 2023 Price Decreased $658,500
↓ $80K (10.8%)
Price Decreased
May 14, 2023 Listed $738,000
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 66,647
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: CORNERSTONE COVE
  • Land Acres: 1.53
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SUBDIVISIONNAME CORNERSTONE COVE LOWLOT 4 HIGHLOT LOWB LOCK HIGHBLOCK DIMENSIONS

Ownership

  • Current Owner : ELLAM LEE MICHAEL
  • Current Owner 2: ELLAM JESSICA NICOLE
  • Previous Owner : HENRY BLAKELY RYAN & SEASON SHALEEN
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Geography

  • Assessors Map Reference: MAP #162
  • District: COU
  • Parcel: 162 04712
  • Lot: 4
  • Municipality: COUNTY OF KNOX
  • Latitude: 35.8436
  • Longitude: -84.1789

    Address

  • Full Address: 12642 Veritas Way
  • Address - House Number: 12642
  • Address - Street Name: Veritas
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Knoxville
  • Carrier Code: R107
  • 4-Digit Zip Code: 6376
  • Zip Code: 37922

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Intital Tax Deliquent Year: 2020

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $461,250
  • First Open Lien Mortgage Lender: PINNACLE BANK
  • First Open Lien Mortgage Recording Date: Nov 06, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $461,250
  • First Open Lien Mortgage Term: 240
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 03, 2043

    Market Valuation

  • Market Total Value: $309,800
  • Market Land Value: $309,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $77,450

    Sales

  • Current Sale Contract Date: Nov 03, 2023
  • Current Sale Recording Date: Nov 06, 2023
  • Current Sale Transaction ID: 11915621253
  • Current Sale Price: $615,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 23604

    Last Sale Mortgage

  • First Mortgage Lender: PINNACLE BANK
  • First Mortgage Transaction Date: Nov 06, 2023
  • First Mortgage Loan Amount: $461,250
  • First Mortgage Terms: 240
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 03, 2043

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
3,800 ft²
$175/ft²
$664,000 Aug 16, 2023
-
$2,165/mo
House
4 Beds
2.5 Baths
3,368 ft²
$200/ft²
$674,900 Sep 16, 2023
-
$2,033/mo

About Knox


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Frequently Asked Questions

When was property at 12642 Veritas Way built and last sold?
The property at 12642 Veritas Way was built in and last sold on Nov 3, 2023 for $615,000.
How much is this home worth?
The estimated value of the home located at 12642 Veritas Way is $665,085.
What are some comparable homes to 12642 Veritas Way?
Homes that are comparable to 12642 Veritas Way include a house property at 12743 Stetson Way, 1021 Pryse Farm Boulevard, which are both great to check out.

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