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450 Cedar Avenue

450 Cedar Avenue, Knoxville, TN 37917
Property in Knox
Sold Apr 27, 2023
$75,000
Sold Oct 18, 2021
$80,000
$64,000 by Home Federal Bank Of Tennessee
Mortgage Due Oct 15, 2036
Local assessors in Knoxville, TN have categorized 450 Cedar Avenue as a residential type of property. The home was built in 1920 and is 104 years old. It was most recently renovated and altered in 1980. The property's lot size has been calculated to be 7,492 square feet. The linear feet between the front and back of the lot was measured at 150 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 4 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. 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 450 Cedar Avenue has a total of 992 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 average. 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 no heating system is the primary heating source and it is being fueled with nothing. 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, 450 Cedar Avenue sold most recently in Apr 26, 2023 for a total of $75,000. If you work out the math, that's approximately a cost of $75.60 per sqft. Before that, the property was also sold for $80,000 in Oct 15, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $683 in taxes each year. The initial year of tax delinquency occurred in 2021. 450 Cedar Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $18,425. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1920
  • Effective Year Built: 1980
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • 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: 7,492
  • Lot Size Depth Feet: 150
  • Lot Size Frontage Feet: 50
  • Total Building Area: 992
  • Gross Building Area: 992
  • Building Area: 992
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: None
  • Heated Square Feet: 992
  • Heating Fuel Type: None

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LINWOOD 1ST ADD
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: SUBDIVISIONNAME LINWOOD 1ST ADD MAPPLATB 7 MAPPLATP 17 DIMENSIONS 50 X 150

Ownership

  • Current Owner : KOONTZ FAMILY REVOCABLE LIVING TRUST
  • Previous Owner : WHITE PATRICK W
  • Owner Before Previous Owner: TALMAN JEFFREY B
  • Ownership Rights Codes: Life Tenant
  • 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: 002900

Geography

  • Assessors Map Reference: MAP #81C
  • District: CIT
  • Parcel: 081CA041
  • Block: B
  • Lot: 13
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9982
  • Longitude: -83.9394

    Address

  • Full Address: 450 Cedar Ave
  • Address - House Number: 450
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C067
  • 4-Digit Zip Code: 4205
  • Zip Code: 37917

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $683
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2597
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 63
  • Final Value: 146,926
  • High Value: 185,084
  • Low Value: 108,768

    Market Valuation

  • Market Total Value: $73,700
  • Market Land Value: $9,500
  • Market Improvement Value: $64,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,425

    Sales

  • Current Sale Contract Date: Apr 26, 2023
  • Current Sale Recording Date: Apr 27, 2023
  • Current Sale Transaction ID: 11905982556
  • Current Sale Price: $75,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 57685
  • Previous Sale Recording Date: Oct 18, 2021
  • Previous Sale Contract Date: Oct 15, 2021
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: HOME FEDERAL BANK OF TENNESSEE
  • Previous Mortgage Transaction Date: Oct 18, 2021
  • Previous Mortgage Loan Amount: $64,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 15, 2036

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Frequently Asked Questions

What neighborhood is 450 Cedar Avenue located in?
The 450 Cedar Avenue is a located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 450 Cedar Avenue?
The average sales price for units in 450 Cedar Avenue is $0 currently.

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