See Home Value
$142,802*
House - Off Market

1609 University Ave

Knoxville, TN 37921
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1320 Sqft
$90,000 - $100,000
Reference Base Price*
51.27%
Since Sep 1, 2018
National-US
Primary Model
Sold May 18, 2018
$94,400
$75,500 by Regions Bank
Mortgage Due Jun 01, 2048
Sold May 24, 2012
$39,000

About This Property

**PLEASE READ** This property is a part of a large rental portfolio available for purchase. The ownership group has several residential rental units available that may be purchased individually or may be grouped together. All properties are currently rented and the owners keep these properties in fantastic shape. Besides regular and preventative maintenance, the large majority of properties have updated electrical, plumbing, HVAC, roof, siding, and windows. The owners also only accept the highest quality available tenants and many of the properties have been occupied by the same tenants for years. With respect for their tenants, owners ask that only serious buyers who have evaluated all available MLS data and the attached GPM Properties Spreadsheet thoroughly, request showings. All homes are sold AS-IS. Seller will only accept full price offers. Special owner financing available on all units. Detailed pro-forma is attached. Cross reference all properties by keyword search: GPM Properties.

The manager has listed the unit size as 1320 square feet.
Unit Size
1,320Ft²
Days on Market
-
Land Size
-
Price per sqft
$72
Property Type
House
Property Taxes
$1,235
HOA Dues
-
Year Built
2001

Price History

Date / Event Date Event Price
Aug 14, 2018 No longer available -
No longer available
May 18, 2018 Sold to Derrick E Muncy, Genia T Muncy $94,400
Sold to Derrick E Muncy, Genia T Muncy
May 14, 2018 Listed $94,400
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,121
  • Lot Size Depth Feet: 1,138
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,320
  • Gross Building Area: 1,365
  • Building Area: 1,320
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,320
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MECHANICSVILLE COMMONS UNIT 1
  • Land Acres: 0.118
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME MECHANICSVILLE COMMONS UNIT 1 MAPPLATB 20001023 MAPPLATP 0027915 DIMENSIONS 45 X 113.79

Ownership

  • Current Owner : MUNCY DERRICK E
  • Current Owner 2: MUNCY GENIA T
  • Previous Owner : GLOBAL PROPERTY MANAGEMENT LLC
  • Owner Before Previous Owner: OWS I REO CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 007000

Geography

  • Assessors Map Reference: MAP #94F
  • District: CIT
  • Parcel: 094FX037
  • Lot: 60
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.968
  • Longitude: -83.9387

    Address

  • Full Address: 1609 University Ave
  • Legal Unit: 1
  • Address - House Number: 1609
  • Address - Street Name: University
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C025
  • 4-Digit Zip Code: 6742
  • Zip Code: 37921

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,161

    Appraisal Valuation

  • Standard Deviation: 0.2522
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 64
  • Final Value: 206,188
  • High Value: 258,205
  • Low Value: 154,170

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $75,500
  • First Open Lien Mortgage Lender: REGIONS BANK
  • First Open Lien Mortgage Recording Date: May 18, 2018
  • First Open Lien Mortgage Loan Amount: $75,500
  • 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: Jun 01, 2048

    Market Valuation

  • Market Total Value: $125,200
  • Market Land Value: $12,000
  • Market Improvement Value: $113,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,300

    Sales

  • Current Sale Contract Date: May 14, 2018
  • Current Sale Recording Date: May 18, 2018
  • Current Sale Transaction ID: 11473103419
  • Current Sale Price: $94,400
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201805180068117
  • Previous Sale Recording Date: May 24, 2012
  • Previous Sale Contract Date: May 17, 2012
  • Previous Sale Amount: $39,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: REGIONS BANK
  • First Mortgage Transaction Date: May 18, 2018
  • First Mortgage Loan Amount: $75,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2048



Comparables

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

About Mechanicsville


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Frequently Asked Questions

When was property at 1609 University Avenue built and last sold?
The property at 1609 University Avenue was built in 2001 and last sold on May 14, 2018 for $94,400.
How much is this home worth?
The estimated value of the home located at 1609 University Avenue is $95,556.
What are some comparable homes to 1609 University Avenue?
There are currently no comparable homes to 1609 University Avenue.

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