Check Availability

5055 Morningstar Lane

5055 Morningstar Lane, Knoxville, TN 37909
Land in Knox
Sold Jan 11, 2021
$31,500
$383,500 by Ornl Federal Credit Union
Mortgage Due May 01, 2053
Sold Jan 07, 2011
$120,000
5055 Morningstar Lane in Knoxville, TN was first built in 2023 and is 1 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a contemporary style. It is a single story home. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 5055 Morningstar Lane has 2,732 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,013 ft and the linear feet between the front and back of the lot is 1,487. In total, the area measurement of the land is 15,008 square feet.

Learn more about the property and building on this page. There is a open porch. The roof of the home is made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. The garage is 546 sqft. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. As for heating, the home is utilizing a heat pump and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 5055 Morningstar Lane was last sold in Jan 7, 2021 for $31,500. According to our calculations, that's $11.53 per sqft. Prior to that sales transaction, the property was sold for $120,000 in Jan 7, 2011. Current property owners are expected to pay $2,948 in taxes per year. The property on 5055 Morningstar Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $79,475. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Square Area: 546
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 15,008
  • Lot Size Depth Feet: 1,487
  • Lot Size Frontage Feet: 1,013
  • Total Building Area: 2,732
  • Building Area: 2,732
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 2,732
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FAR VIEW HILLS UNIT 3
  • Land Acres: 0.345
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME FAR VIEW HILLS UNIT 3 MAPPLATB 20060228 MAPPLATP 0072668 DIMENSIONS 101.28 X 148.71 X IRR

Ownership

  • Current Owner : JACKSON MARKUS
  • Current Owner 2: JACKSON LAKIETHA
  • Previous Owner : WOOD HEAT PRODUCTS INC
  • Owner Before Previous Owner: COVENANT INVESTMENT GROUP LLC

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 003801

Geography

  • Assessors Map Reference: MAP #107B
  • District: CIT
  • Parcel: 107BF024
  • Lot: 24
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9574
  • Longitude: -83.9956

    Address

  • Full Address: 5055 Morningstar Ln
  • Legal Unit: 3
  • Address - House Number: 5055
  • Address - Street Name: Morningstar
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C062
  • 4-Digit Zip Code: 1346
  • Zip Code: 37909

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,948

    Appraisal Valuation

  • Standard Deviation: 0.4992
  • Valuation Date: Dec 06, 2023
  • Final Value: 433,219
  • High Value: 649,483
  • Low Value: 216,954

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $383,500
  • First Open Lien Mortgage Lender: ORNL FEDERAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Apr 04, 2022
  • First Open Lien Mortgage Loan Amount: $383,500
  • First Open Lien Mortgage Term: 372
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $317,900
  • Market Land Value: $40,000
  • Market Improvement Value: $277,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $79,475

    Sales

  • Current Sale Contract Date: Jan 07, 2021
  • Current Sale Recording Date: Jan 11, 2021
  • Current Sale Transaction ID: 11825057950
  • Current Sale Price: $31,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202101110055726
  • Previous Sale Recording Date: Jan 07, 2011
  • Previous Sale Contract Date: Jan 07, 2011
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

About Knoxville



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 4004 Deerfield Rd, Knoxville, TN, 37921

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,780 ft²
4004 Deerfield Rd, Knoxville, TN, 37921 Listing by Simona Oprea
Unit for rent at 5203 Lonas Drive, Knoxville, TN, 37909

$2,045 /mo

  • 3 Beds
  • 2 Baths
  • 1,632 ft²
5203 Lonas Drive #5203 Lonas Drive, Knoxville, TN, 37909 Listing by Manager

Frequently Asked Questions

What neighborhood is 5055 Morningstar Lane located in?
The 5055 Morningstar Lane is a land located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 5055 Morningstar Lane?
The average sales price for units in 5055 Morningstar Lane is $0 currently.

Quantcast