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2307 Arbor Gate Lane

2307 Arbor Gate Lane, Knoxville, TN 37932
Property in Knox
Sold Jul 10, 2023
$594,900
$565,155 by Union Home Mortgage Corp.
Mortgage Due Aug 01, 2053
Sold Oct 21, 2021
$485,000
2307 Arbor Gate Lane has been categorized by the local assessors in Knoxville, TN as a residential type of property. The building on the property was first built in 2013 and is 11 years old. However, we must point out that the home was most recently renovated and altered in 2016. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2307 Arbor Gate Lane has 2,202 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,422 ft and across the front of the lot is 434 ft. The area measurement of the land has been determined as 8,768 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 400 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying both a open porch and a patio. Love to swim? You'll be excited to find out that there is a spa or hot tub but no pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of brick. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2307 Arbor Gate Lane sold most recently in Jul 7, 2023 for a total of $594,900. If you work out the math, that's approximately a cost of $270.16 per sqft. Before that, the property was also sold for $485,000 in Oct 20, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,892 in taxes each year. 2307 Arbor Gate Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $121,750. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2016
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Contemporary
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 8,768
  • Lot Size Depth Feet: 1,422
  • Lot Size Frontage Feet: 434
  • Total Building Area: 2,202
  • Gross Building Area: 3,404
  • Building Area: 2,202
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,202
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WELLINGTON CHASE S/D
  • Land Acres: 0.201
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME WELLINGTON CHASE S/D MAPPLATB 20051118 MAPPLATP 0044874 DIMENSIONS 43.38 X 142.15 X IRR

Ownership

  • Current Owner : GAMMON SANDRA
  • Current Owner 2: GAMMON DANIEL
  • Previous Owner : SMITH DONNA H
  • Previous Owner 2: SMITH RUTH WATT
  • Owner Before Previous Owner: TULLIS STEVEN W
  • Owner Before Previous Owner 2: TULLIS ALICE E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 005903

Geography

  • Assessors Map Reference: MAP #104H
  • District: COU
  • Parcel: 104HC010
  • Lot: 10
  • Municipality: COUNTY OF KNOX
  • Latitude: 35.9516
  • Longitude: -84.147

    Address

  • Full Address: 2307 Arbor Gate Ln
  • Address - House Number: 2307
  • Address - Street Name: Arbor Gate
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Knoxville
  • Carrier Code: R139
  • 4-Digit Zip Code: 1588
  • Zip Code: 37932

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,892

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 76
  • Final Value: 606,107
  • High Value: 717,134
  • Low Value: 495,080

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $565,155
  • First Open Lien Mortgage Lender: UNION HOME MORTGAGE CORP.
  • First Open Lien Mortgage Recording Date: Jul 10, 2023
  • First Open Lien Mortgage Loan Amount: $565,155
  • 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: Aug 01, 2053

    Market Valuation

  • Market Total Value: $487,000
  • Market Land Value: $55,000
  • Market Improvement Value: $432,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,750

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Transaction ID: 11909097401
  • Current Sale Price: $594,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1283
  • Previous Sale Recording Date: Oct 21, 2021
  • Previous Sale Contract Date: Oct 20, 2021
  • Previous Sale Amount: $485,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNION HOME MORTGAGE CORP.
  • First Mortgage Transaction Date: Jul 10, 2023
  • First Mortgage Loan Amount: $565,155
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2053

About Knox



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Frequently Asked Questions

What neighborhood is 2307 Arbor Gate Lane located in?
The 2307 Arbor Gate Lane is a located in the neighborhood of Knox in Knox, Knoxville.
What is the average sales price for listings in 2307 Arbor Gate Lane?
The average sales price for units in 2307 Arbor Gate Lane is $0 currently.

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