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506 Riverfront Way

506 Riverfront Way, Knoxville, TN 37915
House in Knox
Sold Aug 14, 2018
$324,500
$292,050 by Cardinal Financial Company Lp
Mortgage Due Sep 01, 2048
Sold Nov 02, 2015
$330,000
$313,500 by Bank Of America Na
Mortgage Due Nov 01, 2045
506 Riverfront Way in Knoxville, TN was first built in 1996 and is 28 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 Cape Cod style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 506 Riverfront Way has 1,748 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 2,122 ft and the linear feet between the front and back of the lot is 782. In total, the area measurement of the land is 62,291 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. For those who need parking, there is a detached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. 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. The exterior walls of the home are made of unknown. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. 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, 506 Riverfront Way was last sold in Aug 2, 2018 for $324,500. According to our calculations, that's $185.64 per sqft. Prior to that sales transaction, the property was sold for $330,000 in Oct 30, 2015. Current property owners are expected to pay $3,604 in taxes per year. The property on 506 Riverfront Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $89,450. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 62,291
  • Lot Size Depth Feet: 782
  • Lot Size Frontage Feet: 2,122
  • Total Building Area: 1,748
  • Gross Building Area: 1,890
  • Building Area: 1,748
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,748
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RIVERSIDE I CONDOS BDG1 C EL6.25%CATHEDR
  • Land Acres: 1.43
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: SUBDIVISIONNAME RIVERSIDE I CONDOS BDG1 C EL6.25%CATHED RAL UN-2 MAPPLATB 2225 MAPPLATP 1014 DIMENSIONS 212.24 X 78.18 X IRR

Ownership

  • Current Owner : GREEN GAYDEN D
  • Previous Owner : ERNST CHRISTOPHER J
  • Owner Before Previous Owner: MDR PROPERTIES LLC

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 006800

Geography

  • Assessors Map Reference: MAP #95J
  • District: CIT
  • Parcel: 095JB00800B
  • Block: BLD1
  • Lot: C I
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9618
  • Longitude: -83.9111

    Address

  • Full Address: 506 Riverfront Way
  • Address - House Number: 506
  • Address - Street Name: Riverfront
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C069
  • 4-Digit Zip Code: 2542
  • Zip Code: 37915

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,604

    Appraisal Valuation

  • Standard Deviation: 0.2208
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 69
  • Final Value: 514,702
  • High Value: 628,396
  • Low Value: 401,008

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $580,700
  • First Open Lien Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Open Lien Mortgage Recording Date: Aug 14, 2018
  • First Open Lien Mortgage Loan Amount: $292,050
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2048
  • Second Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • Second Open Lien Mortgage Recording Date: Mar 23, 2021
  • Second Open Lien Mortgage Loan Amount: $288,650
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $357,800
  • Market Land Value: $90,000
  • Market Improvement Value: $267,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,450

    Sales

  • Current Sale Contract Date: Aug 02, 2018
  • Current Sale Recording Date: Aug 14, 2018
  • Current Sale Transaction ID: 11505818028
  • Current Sale Price: $324,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201808140010129
  • Previous Sale Recording Date: Nov 02, 2015
  • Previous Sale Contract Date: Oct 30, 2015
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CARDINAL FINANCIAL COMPANY LP
  • First Mortgage Transaction Date: Aug 14, 2018
  • First Mortgage Loan Amount: $292,050
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Nov 02, 2015
  • Previous Mortgage Loan Amount: $313,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2045

About Knoxville



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201 Overbrook Drive #201 Overbrook Drive #19, Knoxville, TN, 37920 Listing by Manager

Frequently Asked Questions

What neighborhood is 506 Riverfront Way located in?
The 506 Riverfront Way is a house located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 506 Riverfront Way?
The average sales price for units in 506 Riverfront Way is $0 currently.

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