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5506 Fair Oaks Lane

5506 Fair Oaks Lane, Knoxville, TN 37921
House in Knox
Sold Sep 17, 2019
$200,000
$180,000 by Ornl Fcu
Mortgage Due Oct 01, 2049
Sold Apr 24, 2006
$194,900
$189,430 by Resmae Mortgage Corp
Mortgage Due May 01, 2036
5506 Fair Oaks Lane in Knoxville, TN was first built in 1995 and is 29 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 6 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. 5506 Fair Oaks Lane has 1,954 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 644 ft and the linear feet between the front and back of the lot is 1,326. In total, the area measurement of the land is 12,365 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 attached garage. The garage is 480 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 D. 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. The property was last sold in Sep 16, 2019 for $200,000. That's $102.35 per sqft. Prior to that sales transaction, the property was also sold in Apr 21, 2006 for $194,900. 5506 Fair Oaks Lane was last assessed in 2023. The total value of the property was assessed at $51,325. 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 $1,904. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Good
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 12,365
  • Lot Size Depth Feet: 1,326
  • Lot Size Frontage Feet: 644
  • Total Building Area: 1,954
  • Gross Building Area: 2,194
  • Building Area: 1,954
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,954
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SEVEN SPRINGS S/D UNIT 1 ANX (2002) 0-49
  • Land Acres: 0.284
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME SEVEN SPRINGS S/D UNIT 1 ANX (2002) 0-4 91-94 MAPPLATB N-280 MAPPLATP B & C DIMENSIONS 64.35 X 132.63 X IRR

Ownership

  • Current Owner : MANGERS MIRIAM Y
  • Current Owner 2: MANGERS DANIEL J
  • Previous Owner : BARIL JASON K
  • Owner Before Previous Owner: RITCHSON WENDIE L
  • Owner Before Previous Owner 2: RITCHSON TODD W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 004607

Geography

  • Assessors Map Reference: MAP #92J
  • District: CIT
  • Parcel: 092JB037
  • Lot: 105
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9639
  • Longitude: -84.0427

    Address

  • Full Address: 5506 Fair Oaks Ln
  • Legal Unit: 1
  • Address - House Number: 5506
  • Address - Street Name: Fair Oaks
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C053
  • 4-Digit Zip Code: 3767
  • Zip Code: 37921

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,904

    Appraisal Valuation

  • Standard Deviation: 0.2236
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 69
  • Final Value: 341,604
  • High Value: 418,008
  • Low Value: 265,199

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: ORNL FCU
  • First Open Lien Mortgage Recording Date: Sep 17, 2019
  • First Open Lien Mortgage Loan Amount: $180,000
  • 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: Oct 01, 2049

    Market Valuation

  • Market Total Value: $205,300
  • Market Land Value: $35,000
  • Market Improvement Value: $170,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $51,325

    Sales

  • Current Sale Contract Date: Sep 16, 2019
  • Current Sale Recording Date: Sep 17, 2019
  • Current Sale Transaction ID: 11672741035
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201909170019294
  • Previous Sale Recording Date: Apr 24, 2006
  • Previous Sale Contract Date: Apr 21, 2006
  • Previous Sale Amount: $194,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ORNL FCU
  • First Mortgage Transaction Date: Sep 17, 2019
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: RESMAE MORTGAGE CORP
  • Previous Mortgage Transaction Date: Apr 24, 2006
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $189,430
  • 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: May 01, 2036

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Frequently Asked Questions

What neighborhood is 5506 Fair Oaks Lane located in?
The 5506 Fair Oaks Lane is a house located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 5506 Fair Oaks Lane?
The average sales price for units in 5506 Fair Oaks Lane is $0 currently.

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