See Home Value
Knoxville 37919
516 Mellen Ave
$868,599*
House - Off Market

516 Mellen Ave

Knoxville, TN 37919
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4317 Sqft
$765,000 - $933,000
Reference Base Price*
2.31%
Since Aug 1, 2022
National-US
Primary Model
Sold Oct 10, 2007
$294,000
$205,800 by Mortgage Investors Group Inc
Mortgage Due Nov 01, 2037
Sold Aug 23, 2005
$353,750
$247,625 by Washington Mutual Bank Fa
Mortgage Due Sep 01, 2035

About This Property

If you're looking for expansive square footage with unlimited potential, look no further! Over 4300 square feet of living space on almost 1/2 an acre! An additional 1/2 acre is available to the buyer of this home if you'd like to build your dream home on an acre lot in Sequoyah Hills! Upper level features oversized rooms with hardwood and slate floors. Lower level boasts a second kitchen and plenty of space for separate living. Just a short walk to shopping at Western Plaza and a short drive to virtually everything else! Square footage is estimated and should be verified. Pictures were taken prior to tenant moving in and do not depict the current staging of the home.

The manager has listed the unit size as 4317 square feet.
Unit Size
4,317Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$197
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1956

Price History

Date / Event Date Event Price
Jul 2, 2022 No longer available -
No longer available
Jan 19, 2022 Listed $849,000
Listed
Sep 30, 2021 No longer available -
No longer available
Mar 21, 2021 Listed $849,000
Listed
If you're looking for expansive square footage with unlimited potential, look no further! Over 4300 square feet of living space on almost 1/2 an acre! An additional 1/2 acre is available to the buyer of this home if you'd like to build your dream home on an acre lot in Sequoyah Hills! Upper level features oversized rooms with hardwood and slate floors. Lower level boasts a second kitchen and plenty of space for separate living. Just a short walk to shopping at Western Plaza and a short…
Apr 12, 2020 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1980
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Traditional
  • Exterior Walls Type: Brick
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 2,390
  • Garage Type: Carport
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 19,602
  • Lot Size Depth Feet: 139
  • Lot Size Frontage Feet: 141
  • Total Building Area: 4,554
  • Gross Building Area: 5,488
  • Building Area: 4,554
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 4,554
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RODGERS RESUB OF LOT 6
  • Land Acres: 0.45
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: SUBDIVISIONNAME RODGERS RESUB OF LOT 6 MAPPLATB 2006041 8 MAPPLATP 0086872 DIMENSIONS 147.51 X 132.71 X IRR

Ownership

  • Current Owner : PERKINS DAVID
  • Previous Owner : HUGHES MARCIA
  • Previous Owner 2: HUGHES VAN VRANKEN
  • Owner Before Previous Owner: BIGGS MARY S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 007100

Geography

  • Assessors Map Reference: MAP #107M
  • District: CIT
  • Parcel: 107MA03201
  • Lot: 6R2
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9383
  • Longitude: -83.9766

    Address

  • Full Address: 516 Mellen Ave
  • Address - House Number: 516
  • Address - Street Name: Mellen
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C004
  • 4-Digit Zip Code: 7624
  • Zip Code: 37919

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,328

    Appraisal Valuation

  • Standard Deviation: 0.0871
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 92
  • Final Value: 857,344
  • High Value: 932,072
  • Low Value: 782,616

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $355,800
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Oct 10, 2007
  • First Open Lien Mortgage Loan Amount: $205,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2037
  • Second Open Lien Mortgage Lender: FIGURE LENDING LLC
  • Second Open Lien Mortgage Recording Date: Aug 27, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 17, 2051

    Market Valuation

  • Market Total Value: $466,700
  • Market Land Value: $124,500
  • Market Improvement Value: $342,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,675

    Sales

  • Current Sale Contract Date: Oct 05, 2007
  • Current Sale Recording Date: Oct 10, 2007
  • Current Sale Transaction ID: 1112318020
  • Current Sale Price: $294,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200710100030546
  • Previous Sale Recording Date: Aug 23, 2005
  • Previous Sale Contract Date: Aug 01, 2005
  • Previous Sale Amount: $353,750
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Oct 10, 2007
  • First Mortgage Loan Amount: $205,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 01, 2037

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: Aug 23, 2005
  • Previous Mortgage Loan Amount: $247,625
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Sep 01, 2035



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Knoxville


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4039 Kingston Pike, Knoxville, TN, 37919

$2,700 /mo

  • 3 Beds
  • 1.5 Baths
  • 2,111 ft²
4039 Kingston Pike #4039 Kingston Pike - #1 East, Knoxville, TN, 37919 Listing by Manager


Frequently Asked Questions

When was property at 516 Mellen Avenue built and last sold?
The property at 516 Mellen Avenue was built in 1956 and last sold on Oct 5, 2007 for $294,000.
How much is this home worth?
The estimated value of the home located at 516 Mellen Avenue is $857,490.
What are some comparable homes to 516 Mellen Avenue?
There are currently no comparable homes to 516 Mellen Avenue.

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