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2453 East 5th Avenue

2453 East 5th Avenue, Knoxville, TN 37917
Multifamily in Parkridge
Sold Feb 12, 2020
$29,000
$28,135 by City Of Knoxville
Mortgage
Sold Nov 26, 2008
$20,500
Local assessors in Knoxville, TN have categorized 2453 East 5th Avenue as a residential type of property. The home was built in 1899 and is 125 years old. It was most recently renovated and altered in 1960. The property's lot size has been calculated to be 7,231 square feet. The linear feet between the front and back of the lot was measured at 145 ft and the front of the lot was measured at 50 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a traditional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2453 East 5th Avenue has a total of 2,313 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. 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, 2453 East 5th Avenue sold most recently in Jan 31, 2020 for a total of $29,000. If you work out the math, that's approximately a cost of $12.54 per sqft. Before that, the property was also sold for $20,500 in Nov 25, 2008. 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 $566 in taxes each year. The initial year of tax delinquency occurred in 2021. 2453 East 5th Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $15,250. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1899
  • Effective Year Built: 1960
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Poor
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,231
  • Lot Size Depth Feet: 145
  • Lot Size Frontage Feet: 50
  • Total Building Area: 2,313
  • Gross Building Area: 2,313
  • Building Area: 2,313
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,313
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COLD SPRINGS ADD
  • Land Acres: 0.166
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: SUBDIVISIONNAME COLD SPRINGS ADD MAPPLATB 3 MAPPLATP 10 6 DIMENSIONS 50 X 145

Ownership

  • Current Owner : ML ACQUISITIONS LLC
  • Previous Owner : ALARCON RICARDO
  • Previous Owner 2: ALARCON DEOBEGILDA
  • Owner Before Previous Owner: EMC MORTGAGE CORPORATION
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 006700

Geography

  • Assessors Map Reference: MAP #82J
  • District: CIT
  • Parcel: 082JP019
  • Block: L
  • Lot: 15
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9857
  • Longitude: -83.8977

    Address

  • Full Address: 2453 E 5th Ave
  • Address - House Number: 2453
  • Street Direction: E
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C095
  • 4-Digit Zip Code: 8206
  • Zip Code: 37917

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $566
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.4992
  • Valuation Date: Dec 06, 2023
  • Final Value: 124,305
  • High Value: 186,358
  • Low Value: 62,251

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $28,135
  • First Open Lien Mortgage Lender: CITY OF KNOXVILLE
  • First Open Lien Mortgage Recording Date: Mar 05, 2021
  • First Open Lien Mortgage Loan Amount: $28,135
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $61,000
  • Market Land Value: $5,400
  • Market Improvement Value: $55,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,250

    Sales

  • Current Sale Contract Date: Jan 31, 2020
  • Current Sale Recording Date: Feb 12, 2020
  • Current Sale Transaction ID: 11753259467
  • Current Sale Price: $29,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 202002120053646
  • Previous Sale Recording Date: Nov 26, 2008
  • Previous Sale Contract Date: Nov 25, 2008
  • Previous Sale Amount: $20,500
  • Previous Sale Document Type: Corporation Deed

About Parkridge



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Frequently Asked Questions

What neighborhood is 2453 East 5th Avenue located in?
The 2453 East 5th Avenue is a multifamily located in the neighborhood of Parkridge in Parkridge, Knoxville.
What is the average sales price for listings in 2453 East 5th Avenue?
The average sales price for units in 2453 East 5th Avenue is $0 currently.

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