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501 Fern Street

501 Fern Street, Knoxville, TN 37914
House in Knox
Sold Jan 12, 2022
$189,900
$186,459 by Gateway Mortgage Group
Mortgage Due Feb 01, 2052
Sold Jul 20, 2021
$102,000
$116,025 by Citizens Bank
Mortgage Due Jan 15, 2023
Local assessors in Knoxville, TN have categorized 501 Fern Street as a residential type of property. The home was built in 1940 and is 84 years old. It was most recently renovated and altered in 1990. 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 7 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 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 501 Fern Street has a total of 1,864 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,112 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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 a heat pump is the primary heating source and it is being fueled with electricity. The property was last sold in Jan 7, 2022 for $189,900. That's $101.88 per sqft. Prior to that sales transaction, the property was also sold in Jul 14, 2021 for $102,000. 501 Fern Street was last assessed in 2023. The total value of the property was assessed at $37,150. 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 $1,378. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1990
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 1,112
  • 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: 1,864
  • Gross Building Area: 2,976
  • Building Area: 1,864
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,864
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: J C WHITES 3RD
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: SUBDIVISIONNAME J C WHITES 3RD MAPPLATB 7 MAPPLATP 121 DIMENSIONS 50 X 150

Ownership

  • Current Owner : FRASIER ARTHUR
  • Previous Owner : NEW SEASONS PROPERTIES LLC
  • Owner Before Previous Owner: RODRIGUEZ MARLENE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: MAP #82D
  • District: CIT
  • Parcel: 082DJ009
  • Block: B
  • Lot: 4
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9956
  • Longitude: -83.8738

    Address

  • Full Address: 501 Fern St
  • Address - House Number: 501
  • Address - Street Name: Fern
  • Address - Suffix Type: St
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C040
  • 4-Digit Zip Code: 4706
  • Zip Code: 37914

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,378

    Appraisal Valuation

  • Standard Deviation: 0.2601
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 63
  • Final Value: 233,637
  • High Value: 294,420
  • Low Value: 172,853

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $186,459
  • First Open Lien Mortgage Lender: GATEWAY MORTGAGE GROUP
  • First Open Lien Mortgage Recording Date: Jan 12, 2022
  • First Open Lien Mortgage Loan Amount: $186,459
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $148,600
  • Market Land Value: $4,500
  • Market Improvement Value: $144,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,150

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 12, 2022
  • Current Sale Transaction ID: 11882294182
  • Current Sale Price: $189,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 54573
  • Previous Sale Recording Date: Jul 20, 2021
  • Previous Sale Contract Date: Jul 14, 2021
  • Previous Sale Amount: $102,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY MORTGAGE GROUP
  • First Mortgage Transaction Date: Jan 12, 2022
  • First Mortgage Loan Amount: $186,459
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: CITIZENS BANK
  • Previous Mortgage Transaction Date: Jul 20, 2021
  • Previous Mortgage Loan Amount: $116,025
  • Previous Mortgage Term: 17
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Jan 15, 2023

About Knoxville



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Nearby Rentals

Unit for rent at

$2,000 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,458 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 501 Fern Street located in?
The 501 Fern Street is a house located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 501 Fern Street?
The average sales price for units in 501 Fern Street is $0 currently.

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