See Home Value
Knoxville 37909
5501 Lance Drive
$568,345*
House - Off Market

5501 Lance Drive

Knoxville, TN 37909
bedrooms
4 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2839 Sqft
$513,000 - $625,000
Reference Base Price*
-0.27%
Since Aug 1, 2023
National-US
Primary Model
Sold Jul 31, 2023
$550,000
$449,000 by Vanderbilt Mortgage And Financ
Mortgage Due Aug 01, 2053
Sold Sep 20, 2022
$418,000

About This Property

This beautiful home in Timbercrest subdivision, one of the most convenient spots in west Knoxville, has it all. So many beautiful and updated living spaces indoors and out.  The front foyer leads to a kitchen with SS appliances and a brand-new oven/stove. There is all new granite, lighting, door hardware, and paint throughout the home. All baths are updated with beautiful cabinetry and flooring as well. Most closet shelving is new. The main floor has kitchen with breakfast area, dining room, living room, den with gas fireplace and built-in shelving, a sun porch with brand new heat/air unit, and a guest bedroom. Upstairs, the primary bedroom has new carpet and a walk-in closet, and there are two additional bedrooms, an office space, and 2 full baths. The walk-out basement has an additional living area with sliding doors with built-in blinds as well as a large unfinished area for plenty of storage. Relaxing outdoor areas include a large, newly re-floored deck with new aluminum handrails and stairs leading into a large, fenced backyard, a smaller deck off the lower den also with new handrails, a covered patio, and a large covered front porch.  Other recent updates include new vinyl siding, new gutters, soffit and fascia, and newer flooring on main level. Awesome community pool is available to join.

The manager has listed the unit size as 2839 square feet.
Unit Size
2,839Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$201
Property Type
House
Property Taxes
$200
HOA Dues
-
Year Built
1979

Price History

Date / Event Date Event Price
Jul 6, 2023 No longer available -
No longer available
Jun 22, 2023 Price Decreased $569,900
↓ $10K (1.7%)
Price Decreased
Jun 9, 2023 Price Decreased $579,900
↓ $20K (3.3%)
Price Decreased
May 19, 2023 Listed $599,900
Listed

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 2010
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 938
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 18,905
  • Lot Size Depth Feet: 189
  • Lot Size Frontage Feet: 100
  • Total Building Area: 2,749
  • Gross Building Area: 2,826
  • Building Area: 2,749
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,749
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TIMBERCREST SUB UNIT 7
  • Land Acres: 0.434
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME TIMBERCREST SUB UNIT 7 MAPPLATB 65S MAP PLATP 15 DIMENSIONS 100 X 196.32 X IRR

Ownership

  • Current Owner : KING MARLAINA
  • Current Owner 2: KING JOSEPH PETER
  • Previous Owner : HENSLEY MARTI
  • Owner Before Previous Owner: WEBB MICHAEL D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: MAP #107H
  • District: CIT
  • Parcel: 107HJ039
  • Block: R
  • Lot: 3
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9497
  • Longitude: -84.0078

    Address

  • Full Address: 5501 Lance Dr
  • Legal Unit: 7
  • Address - House Number: 5501
  • Address - Street Name: Lance
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C062
  • 4-Digit Zip Code: 1820
  • Zip Code: 37909

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,501
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 71
  • Final Value: 568,865
  • High Value: 689,281
  • Low Value: 448,449

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $449,000
  • First Open Lien Mortgage Lender: VANDERBILT MORTGAGE AND FINANC
  • First Open Lien Mortgage Recording Date: Jul 31, 2023
  • First Open Lien Mortgage Loan Amount: $449,000
  • 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: Aug 01, 2053

    Market Valuation

  • Market Total Value: $377,500
  • Market Land Value: $38,200
  • Market Improvement Value: $339,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,375

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Jul 31, 2023
  • Current Sale Transaction ID: 11910418667
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 5572
  • Previous Sale Recording Date: Sep 20, 2022
  • Previous Sale Contract Date: Sep 19, 2022
  • Previous Sale Amount: $418,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VANDERBILT MORTGAGE AND FINANC
  • First Mortgage Transaction Date: Jul 31, 2023
  • First Mortgage Loan Amount: $449,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2053



Comparables

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

About Knoxville


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Frequently Asked Questions

When was property at 5501 Lance Drive built and last sold?
The property at 5501 Lance Drive was built in 1979 and last sold on Jul 28, 2023 for $550,000.
How much is this home worth?
The estimated value of the home located at 5501 Lance Drive is $574,629.
What are some comparable homes to 5501 Lance Drive?
There are currently no comparable homes to 5501 Lance Drive.

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