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5508 Ridgefield Drive

5508 Ridgefield Drive, Knoxville, TN 37912
Property in Knox
Sold May 01, 2018
$80,000
$64,000 by Ornl Fcu
Mortgage Due May 01, 2033
Sold Oct 15, 2007
$73,000
$58,400 by Suntrust Mortgage Inc
Mortgage Due Nov 01, 2037
Local assessors in Knoxville, TN have categorized 5508 Ridgefield Drive as a residential type of property. The home was built in 1945 and is 79 years old. It was most recently renovated and altered in 1985. The property's lot size has been calculated to be 34,412 square feet. The linear feet between the front and back of the lot was measured at 344 ft and the front of the lot was measured at 100 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler 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 5508 Ridgefield Drive has a total of 1,000 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 240 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. 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 composition shingle. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5508 Ridgefield Drive sold most recently in Apr 30, 2018 for a total of $80,000. If you work out the math, that's approximately a cost of $80.00 per sqft. Before that, the property was also sold for $73,000 in Oct 12, 2007. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,155 in taxes each year. 5508 Ridgefield Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $31,125. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1985
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 34,412
  • Lot Size Depth Feet: 344
  • Lot Size Frontage Feet: 100
  • Total Building Area: 1,000
  • Gross Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,000
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RIDGEFIELD ADD
  • Land Acres: 0.79
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Surface rights (grazing, timber, coal)
  • Legal Description 1: SUBDIVISIONNAME RIDGEFIELD ADD MAPPLATB 14 MAPPLATP 242 DIMENSIONS 111.85 X 330 X IRR

Ownership

  • Current Owner : LYNN SUSAN L
  • Current Owner 2: FIGUEROA OMAR DELGADO
  • Previous Owner : MCCRACKEN JOHN
  • Previous Owner 2: MCCRACKEN ANDREA
  • Owner Before Previous Owner: MILLER DAVID M
  • Owner Before Previous Owner 2: MILLER REBECCA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 004800

Geography

  • Assessors Map Reference: MAP #68K
  • District: CIT
  • Parcel: 068KH021
  • Lot: 29
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 36.0069
  • Longitude: -83.9826

    Address

  • Full Address: 5508 Ridgefield Rd
  • Address - House Number: 5508
  • Address - Street Name: Ridgefield
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C003
  • 4-Digit Zip Code: 3412
  • Zip Code: 37912

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,155

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 64
  • Final Value: 206,540
  • High Value: 258,391
  • Low Value: 154,690

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $64,000
  • First Open Lien Mortgage Lender: ORNL FCU
  • First Open Lien Mortgage Recording Date: May 01, 2018
  • First Open Lien Mortgage Loan Amount: $64,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2033

    Market Valuation

  • Market Total Value: $124,500
  • Market Land Value: $20,100
  • Market Improvement Value: $104,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,125

    Sales

  • Current Sale Contract Date: Apr 30, 2018
  • Current Sale Recording Date: May 01, 2018
  • Current Sale Transaction ID: 11472457804
  • Current Sale Price: $80,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201805010064412
  • Previous Sale Recording Date: Oct 15, 2007
  • Previous Sale Contract Date: Oct 12, 2007
  • Previous Sale Amount: $73,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ORNL FCU
  • First Mortgage Transaction Date: May 01, 2018
  • First Mortgage Loan Amount: $64,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2033

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Oct 15, 2007
  • Previous Mortgage Loan Amount: $58,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2037

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Frequently Asked Questions

What neighborhood is 5508 Ridgefield Drive located in?
The 5508 Ridgefield Drive is a located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 5508 Ridgefield Drive?
The average sales price for units in 5508 Ridgefield Drive is $0 currently.

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