See Home Value
$495,199*
House - Off Market

1307 Forest Ave

Knoxville, TN 37916
bedrooms
8 Beds
bathrooms
5 Baths
square feet
3150 Sqft
$396,000 - $484,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Jun 08, 2021
$405,000
$303,750 by Cornerstone First Mortgage Inc
Mortgage Due Jul 01, 2051
Sold Aug 12, 2019
$775,000
$775,000 by Mountain Commerce Bank
Mortgage

About This Property

Attention Investors! This is your opportunity to purchase a triplex in a prime location in Fort Sanders, walking distance to the University of Tennessee.  The property has gone through several updates, making this a student housing dream. The Triplex is currently fully leased and consists of a total of 8 Bedrooms and 5 bathrooms with the following unit breakdown. 1) 4BR/2BA,  2) 3BR/2BA, 3) 1BR/1BA. All units are currently leased and have great off street parking available for the tenants.

The manager has listed the unit size as 3150 square feet.
Unit Size
3,150Ft²
Days on Market
-
Land Size
-
Price per sqft
$140
Property Type
House
Property Taxes
$2,251
HOA Dues
-
Year Built
1930

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Jun 8, 2021 Sold to Amanda Gresiak $405,000
Sold to Amanda Gresiak
Mar 23, 2021 In contract -
In contract
Feb 2, 2021 Price Decreased $440,000
↓ $10K (2.2%)
Price Decreased
Nov 10, 2020 Relisted $450,000
Relisted
Show More

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 2000
  • Total Rooms: 14
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 580
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 150
  • Lot Size Frontage Feet: 50
  • Total Building Area: 1,685
  • Gross Building Area: 1,685
  • Building Area: 1,685
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,685
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RAMSEY
  • Land Acres: 0.172
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: SUBDIVISIONNAME RAMSEY MAPPLATB 5 MAPPLATP 276 DIMENSIO NS 50 X 150

Ownership

  • Current Owner : GRESIAK AMANDA
  • Previous Owner : BAE HOLDINGS LLC
  • Owner Before Previous Owner: KEY JOSEPH
  • Owner Before Previous Owner 2: KEY JOSEPH S

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 006903

Geography

  • Assessors Map Reference: MAP #94L
  • District: CIT
  • Parcel: 094LN013
  • Lot: 75
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.963
  • Longitude: -83.9293

    Address

  • Full Address: 1307 Forest Ave
  • Address - House Number: 1307
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C039
  • 4-Digit Zip Code: 1532
  • Zip Code: 37916

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,021

    Appraisal Valuation

  • Standard Deviation: 0.2137
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 70
  • Final Value: 534,148
  • High Value: 648,331
  • Low Value: 419,965

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $303,750
  • First Open Lien Mortgage Lender: CORNERSTONE FIRST MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 08, 2021
  • First Open Lien Mortgage Loan Amount: $303,750
  • 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: Jul 01, 2051

    Market Valuation

  • Market Total Value: $405,800
  • Market Land Value: $180,000
  • Market Improvement Value: $225,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,320

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 08, 2021
  • Current Sale Transaction ID: 11842856777
  • Current Sale Price: $405,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202106080100925
  • Previous Sale Recording Date: Aug 12, 2019
  • Previous Sale Contract Date: Jul 25, 2019
  • Previous Sale Amount: $775,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE FIRST MORTGAGE INC
  • First Mortgage Transaction Date: Jun 08, 2021
  • First Mortgage Loan Amount: $303,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MOUNTAIN COMMERCE BANK
  • Previous Mortgage Transaction Date: Aug 12, 2019
  • Previous Mortgage Loan Amount: $775,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial



Comparables

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

About Fort Sanders


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Frequently Asked Questions

When was property at 1307 Forest Avenue built and last sold?
The property at 1307 Forest Avenue was built in 1930 and last sold on Jun 2, 2021 for $405,000.
How much is this home worth?
The estimated value of the home located at 1307 Forest Avenue is $442,399.
What are some comparable homes to 1307 Forest Avenue?
There are currently no comparable homes to 1307 Forest Avenue.

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