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5032 Alpha Terrace Lane

5032 Alpha Terrace Lane, Knoxville, TN 37938
House in Knox
Sold Sep 20, 2021
$330,000
Sold Sep 06, 2018
$185,000
$186,868 by Gateway Mortgage Group Llc
Mortgage Due Sep 01, 2048
Local assessors in Knoxville, TN have categorized 5032 Alpha Terrace Lane as a residential type of property. The home was built in 1995 and is 29 years old. It was most recently renovated and altered in 2015. The property's lot size has been calculated to be 13,436 square feet. The linear feet between the front and back of the lot was measured at 1,550 ft and the front of the lot was measured at 1,106 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 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 5032 Alpha Terrace Lane has a total of 1,655 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 462 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a screened 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 good. 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 brick 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 forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 5032 Alpha Terrace Lane was last sold in Sep 14, 2021 for $330,000. According to our calculations, that's $199.40 per sqft. Prior to that sales transaction, the property was sold for $185,000 in Aug 30, 2018. Current property owners are expected to pay $1,274 in taxes per year. The property on 5032 Alpha Terrace Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $81,950. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

Block Exterior
Brick Exterior

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 2015
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 13,436
  • Lot Size Depth Feet: 1,550
  • Lot Size Frontage Feet: 1,106
  • Total Building Area: 1,655
  • Gross Building Area: 1,655
  • Building Area: 1,655
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,655
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: GARFIELD ESTATES
  • Land Acres: 0.308
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Surface rights (grazing, timber, coal)
  • Legal Description 1: SUBDIVISIONNAME GARFIELD ESTATES MAPPLATB N-332 MAPPLAT P A DIMENSIONS 110.57 X 155 X IRR

Ownership

  • Current Owner : BACON TRACY ANN
  • Previous Owner : COOPER MARY ANN
  • Owner Before Previous Owner: WELLS ALBERT RONALD
  • Owner Before Previous Owner 2: WELLS JUDY DAVIS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 006302

Geography

  • Assessors Map Reference: MAP #19K
  • District: COU
  • Parcel: 019KB059
  • Lot: 59
  • Municipality: COUNTY OF KNOX
  • Latitude: 36.1172
  • Longitude: -83.927

    Address

  • Full Address: 5032 Alpha Terrace Ln
  • Address - House Number: 5032
  • Address - Street Name: Alpha Terrace
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Knoxville
  • Carrier Code: R086
  • 4-Digit Zip Code: 2547
  • Zip Code: 37938

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,274

    Appraisal Valuation

  • Standard Deviation: 0.2215
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 69
  • Final Value: 398,545
  • High Value: 486,840
  • Low Value: 310,250

    Market Valuation

  • Market Total Value: $327,800
  • Market Land Value: $25,000
  • Market Improvement Value: $302,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,950

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Sep 20, 2021
  • Current Sale Transaction ID: 11862179189
  • Current Sale Price: $330,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202109200023131
  • Previous Sale Recording Date: Sep 06, 2018
  • Previous Sale Contract Date: Aug 30, 2018
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GATEWAY MORTGAGE GROUP LLC
  • Previous Mortgage Transaction Date: Sep 06, 2018
  • Previous Mortgage Loan Amount: $186,868
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2048

About Knox



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Frequently Asked Questions

What neighborhood is 5032 Alpha Terrace Lane located in?
The 5032 Alpha Terrace Lane is a house located in the neighborhood of Knox in Knox, Knoxville.
What is the average sales price for listings in 5032 Alpha Terrace Lane?
The average sales price for units in 5032 Alpha Terrace Lane is $0 currently.

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