See Home Value
$506,454*
House - Off Market

1405 Forest Ave

Knoxville, TN 37916
bedrooms
9 Beds
bathrooms
3 Baths
square feet
3050 Sqft
$405,000 - $495,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Dec 15, 2020
$400,000
$300,000 by Cogent Bank
Mortgage Due Dec 01, 2050
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 10 bedroom, 3 bath house in a prime college housing location in Fort Sanders. This property can be leased as an entire house or as a duplex, and there is plenty of parking for the tenants.  This property is currently fully leased and has been recently updated. This investment property can be purchased as a package deal with the Triplex, located just down the street at an additional cost.  Don't miss out on this great investment property!

The manager has listed the unit size as 3050 square feet.
Unit Size
3,050Ft²
Days on Market
-
Land Size
-
Price per sqft
$148
Property Type
House
Property Taxes
$3,689
HOA Dues
-
Year Built
1930

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Dec 15, 2020 Sold to Bryan K Jones, Kelly Jones $400,000
Sold to Bryan K Jones, Kelly Jones
Oct 27, 2020 In contract -
In contract
Oct 14, 2020 Relisted $450,000
Relisted
Sep 26, 2020 In contract -
In contract
Show More

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 2000
  • Building Count: 2
  • Total Rooms: 14
  • Bedroom Count: 10
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 1,051
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 150
  • Lot Size Frontage Feet: 50
  • Total Building Area: 2,643
  • Gross Building Area: 3,094
  • Building Area: 2,643
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,643
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RAMSEY
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: SUBDIVISIONNAME RAMSEY MAPPLATB 5 MAPPLATP 276 DIMENSIO NS 50 X 150

Ownership

  • Current Owner : JONES BRYAN K
  • Current Owner 2: JONES KELLY
  • Previous Owner : BAE HOLDINGS LLC
  • Owner Before Previous Owner: KEY JOSEPH
  • Owner Before Previous Owner 2: KEY JOSEPH S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Geography

  • Assessors Map Reference: MAP #94L
  • District: CIT
  • Parcel: 094LN019
  • Lot: 69
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9627
  • Longitude: -83.9303

    Address

  • Full Address: 1405 Forest Ave
  • Address - House Number: 1405
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C039
  • 4-Digit Zip Code: 1748
  • Zip Code: 37916

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,242

    Appraisal Valuation

  • Standard Deviation: 0.1835
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 76
  • Final Value: 571,176
  • High Value: 676,023
  • Low Value: 466,330

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: Dec 15, 2020
  • First Open Lien Mortgage Loan Amount: $300,000
  • 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: Dec 01, 2050

    Market Valuation

  • Market Total Value: $420,700
  • Market Land Value: $225,000
  • Market Improvement Value: $195,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,280

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 15, 2020
  • Current Sale Transaction ID: 11816943290
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202012150048992
  • 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: COGENT BANK
  • First Mortgage Transaction Date: Dec 15, 2020
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    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 1405 Forest Avenue built and last sold?
The property at 1405 Forest Avenue was built in 1930 and last sold on Dec 4, 2020 for $400,000.
How much is this home worth?
The estimated value of the home located at 1405 Forest Avenue is $450,866.
What are some comparable homes to 1405 Forest Avenue?
There are currently no comparable homes to 1405 Forest Avenue.

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