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518 Midlake Drive Northeast

518 Midlake Drive Northeast, Knoxville, TN 37918
House in Knox
Sold Oct 02, 2019
$165,000
$158,980 by Mid-american Mortgage Inc
Mortgage Due Sep 01, 2051
Sold Oct 22, 2018
$72,518
Local assessors in Knoxville, TN have categorized 518 Midlake Drive Northeast as a residential type of property. The home was built in 1910 and is 114 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 7,231 square feet. The linear feet between the front and back of the lot was measured at 145 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 5 rooms in the home. Of these, 2 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 518 Midlake Drive Northeast has a total of 1,572 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. 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 shingle (not wood). 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 forced air unit is the primary heating source and it is being fueled with gas. The property was last sold in Sep 26, 2019 for $165,000. That's $104.96 per sqft. Prior to that sales transaction, the property was also sold in Oct 16, 2018 for $72,518. 518 Midlake Drive Northeast was last assessed in 2023. The total value of the property was assessed at $41,250. 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 $1,530. 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. 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: 1910
  • Effective Year Built: 1990
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Traditional
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,231
  • Lot Size Depth Feet: 145
  • Lot Size Frontage Feet: 50
  • Total Building Area: 1,572
  • Gross Building Area: 1,572
  • Building Area: 1,572
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,572
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FOUNTAIN CITY CO
  • Land Acres: 0.166
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: SUBDIVISIONNAME FOUNTAIN CITY CO MAPPLATB 9 MAPPLATP 73 DIMENSIONS 50 X 145

Ownership

  • Current Owner : WALDEN TIPTON LARA M
  • Current Owner 2: WALDEN CATHERINE E
  • Previous Owner : TREADWELL JUSTIN
  • Owner Before Previous Owner: WOODS CYNTHIA L
  • Owner Before Previous Owner 2: WOODS JAMES CYNTHIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 005000

Geography

  • Assessors Map Reference: MAP #58K
  • District: CIT
  • Parcel: 058KB013
  • Block: 36
  • Lot: 3
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 36.0329
  • Longitude: -83.9377

    Address

  • Full Address: 518 Midlake Dr
  • Address - House Number: 518
  • Address - Street Name: Midlake
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C059
  • 4-Digit Zip Code: 3032
  • Zip Code: 37918

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,530

    Appraisal Valuation

  • Standard Deviation: 0.2513
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 64
  • Final Value: 288,792
  • High Value: 361,385
  • Low Value: 216,198

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $158,980
  • First Open Lien Mortgage Lender: MID-AMERICAN MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Aug 27, 2021
  • First Open Lien Mortgage Loan Amount: $158,980
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $165,000
  • Market Land Value: $9,400
  • Market Improvement Value: $155,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,250

    Sales

  • Current Sale Contract Date: Sep 26, 2019
  • Current Sale Recording Date: Oct 02, 2019
  • Current Sale Transaction ID: 11707629772
  • Current Sale Price: $165,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201910020023223
  • Previous Sale Recording Date: Oct 22, 2018
  • Previous Sale Contract Date: Oct 16, 2018
  • Previous Sale Amount: $72,518
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Oct 02, 2019
  • First Mortgage Loan Amount: $162,011
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2049

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Frequently Asked Questions

What neighborhood is 518 Midlake Drive Northeast located in?
The 518 Midlake Drive Northeast is a house located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 518 Midlake Drive Northeast?
The average sales price for units in 518 Midlake Drive Northeast is $0 currently.

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