3028 East Magnolia Avenue

3028 East Magnolia Avenue has been categorized by the local assessors in Knoxville, TN as a commercial type of property. The building on the property was first built in 1970 and is 54 years old. However, we must point out that the home was most recently renovated and altered in 1975. The building has a total of 2 stories. The linear feet between the front and back of the lot is 150 ft and across the front of the lot is 50 ft. The area measurement of the land has been determined as 7,500 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. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". 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. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 3028 East Magnolia Avenue was last sold in Jun 17, 2021 for $195,000. According to our calculations, that's $47.51 per sqft. Prior to that sales transaction, the property was sold for $110,000 in Nov 30, 2005. Current property owners are expected to pay $1,762 in taxes per year. The property on 3028 East Magnolia Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $77,160. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.