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2742 Martin Luther King Jr Avenue

2742 Martin Luther King Jr Avenue, Knoxville, TN 37914
Commercial in Park City
2742 Martin Luther King Jr Avenue has been categorized by the local assessors in Knoxville, TN as a exempt type of property. The building on the property was first built in 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 1983. This is a single story building so stairs are not necessary to access other parts of the home. The linear feet between the front and back of the lot is 136 ft and across the front of the lot is 49 ft. The area measurement of the land has been determined as 6,664 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as fair. 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 masonry 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 exterior walls of the building are made of unknown. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a steam heating system and being fueled with gas. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. The property was last sold in Nov 17, 2023 for $149,000. That's $25.57 per sqft. Prior to that sales transaction, the property was also sold in Apr 12, 2022 for $80,000. 2742 Martin Luther King Jr Avenue was last assessed in 2023. The total value of the property was assessed at $44,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $948. The initial tax year of delinquency was in 2012. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210115
01/15/2021
Loft
-
5827 ft²
$99,900
bedrooms
Loft
bathrooms
-
square feet
5827 ft²
-
-
-
Paula Cramer
Century 21 Legacy GP

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Masonry
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 760
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,664
  • Lot Size Depth Feet: 136
  • Lot Size Frontage Feet: 49
  • Total Building Area: 5,827
  • Gross Building Area: 5,827
  • Building Area: 5,827
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Steam
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Exempt
  • Subdivision: COLD SPRINGS
  • Land Acres: 0.153
  • Standard Land Use Code: Cemetery (exempt)
  • Legal Description 1: SUBDIVISIONNAME COLD SPRINGS MAPPLATB 3 MAPPLATP 107 DI MENSIONS 50.1X140.79XIRR

Ownership

  • Current Owner : 2700 PROPERTIES LLC
  • Previous Owner : SKAPA PROPERTIES LLC
  • Owner Before Previous Owner: ABUNDANT CAPITAL GROUP LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Nov 16, 2023

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 002000

Geography

  • Assessors Map Reference: MAP #F
  • District: CIT
  • Parcel: 082KF010
  • Block: QQ
  • Lot: 10
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.989
  • Longitude: -83.8881

    Address

  • Full Address: 2742 Martin Luther King Jr Ave
  • Address - House Number: 2742
  • Address - Street Name: Martin Luther King Jr
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C035
  • 4-Digit Zip Code: 5402
  • Zip Code: 37914

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $948
  • Intital Tax Deliquent Year: 2012

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $14,100
  • Market Improvement Value: $95,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,000

    Exemptions

  • Cemetery Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 17, 2023
  • Current Sale Recording Date: Nov 20, 2023
  • Current Sale Transaction ID: 11916158962
  • Current Sale Price: $149,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 25892
  • Previous Sale Recording Date: Apr 12, 2022
  • Previous Sale Contract Date: Apr 12, 2022
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

About Park City



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Frequently Asked Questions

What neighborhood is 2742 Martin Luther King Jr Avenue located in?
The 2742 Martin Luther King Jr Avenue is a commercial located in the neighborhood of Park City in Park City, Knoxville.
What is the average sales price for listings in 2742 Martin Luther King Jr Avenue?
The average sales price for units in 2742 Martin Luther King Jr Avenue is $0 currently.

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