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318 McNabb Avenue

318 McNabb Avenue, Knoxville, TN 37920
Multifamily in Vestal
Sold May 11, 2021
$293,000
318 McNabb Avenue 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 1925 and is 99 years old. However, we must point out that the home was most recently renovated and altered in 1980. The home has a total of 9 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 318 McNabb Avenue has 2,187 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,240 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 207 ft and across the front of the lot is 81 ft. The area measurement of the land has been determined as 16,771 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional 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 carport 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 a open porch. 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 frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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, 318 McNabb Avenue was last sold in May 6, 2021 for $293,000. According to our calculations, that's $133.97 per sqft. Current property owners are expected to pay $1,563 in taxes per year. The property on 318 McNabb Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $42,125. 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.

Building Features

Exterior

Brick Exterior

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1980
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 1,240
  • Garage Type: Carport
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 16,771
  • Lot Size Depth Feet: 207
  • Lot Size Frontage Feet: 81
  • Total Building Area: 2,187
  • Gross Building Area: 4,047
  • Building Area: 2,187
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,187
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: REDA FRANKLIN & RENOVATE KNOXVILLE LLC P
  • Land Acres: 0.385
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: DIMENSIONS 135.46 X 212.32 X IRR LOWLOT 1 SUBDIVISIONNA ME REDA FRANKLIN PROPERTY PLATNUMBER 201206290074744 MA PPLATB

Ownership

  • Current Owner : RENOVATE KNOXVILLE LLC
  • Previous Owner : FRANKLIN MICHAEL WILLIAM
  • Previous Owner 2: FRANKLIN GARY CARL
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 002400

Geography

  • Assessors Map Reference: MAP #123A
  • District: CIT
  • Parcel: 123AF020
  • Lot: 1R
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9316
  • Longitude: -83.909

    Address

  • Full Address: 318 Mcnabb Ave
  • Address - House Number: 318
  • Address - Street Name: Mcnabb
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C095
  • 4-Digit Zip Code: 3041
  • Zip Code: 37920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,563
  • Tax Rate Code Area: PL

    Appraisal Valuation

  • Standard Deviation: 0.2563
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 63
  • Final Value: 398,374
  • High Value: 500,511
  • Low Value: 296,236

    Market Valuation

  • Market Total Value: $168,500
  • Market Land Value: $12,600
  • Market Improvement Value: $155,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,125

    Sales

  • Current Sale Contract Date: May 06, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Transaction ID: 11838037886
  • Current Sale Price: $293,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202105110092884

About Vestal



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 318 McNabb Avenue located in?
The 318 McNabb Avenue is a multifamily located in the neighborhood of Vestal in Vestal, Knoxville.
What is the average sales price for listings in 318 McNabb Avenue?
The average sales price for units in 318 McNabb Avenue is $0 currently.

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