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5529 Summitridge Lane

5529 Summitridge Lane, Knoxville, TN 37921
House in Knox
Sold May 22, 2018
$267,000
$270,000 by The Harold And Janic Nelson Re
Mortgage
Sold Dec 31, 2009
$240,450
$236,094 by Regions Mortgage
Mortgage Due Jan 01, 2040
5529 Summitridge Lane has been categorized by the local assessors in Knoxville, TN as a residential type of property. The building on the property was first built in 1999 and is 25 years old. However, we must point out that the home was most recently renovated and altered in 2005. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5529 Summitridge Lane has 2,312 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,200 ft and across the front of the lot is 1,127 ft. The area measurement of the land has been determined as 13,603 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a contemporary style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 1,176 sqft. According to our sources, there are a total of 4 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of unknown. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5529 Summitridge Lane was last sold in May 21, 2018 for $267,000. According to our calculations, that's $115.48 per sqft. Prior to that sales transaction, the property was sold for $240,450 in Dec 21, 2009. Current property owners are expected to pay $2,666 in taxes per year. The property on 5529 Summitridge Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $71,875. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2005
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 1,176
  • Parking Space Count: 4
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 13,603
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,127
  • Total Building Area: 2,312
  • Gross Building Area: 2,536
  • Building Area: 2,312
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,312
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SEVEN SPRINGS UNIT 6 ANX (2002) 0-491-94
  • Land Acres: 0.312
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME SEVEN SPRINGS UNIT 6 ANX (2002) 0-491-9 4 MAPPLATB P-185 MAPPLATP D DIMENSIONS 112.71 X 120 X I RR

Ownership

  • Current Owner : NELSON JASON J
  • Current Owner 2: NELSON ELAINE R
  • Previous Owner : HANKINS WILLIAM T
  • Previous Owner 2: HANKINS MICHELE
  • Owner Before Previous Owner: PRESNELL MEREDITH G
  • Owner Before Previous Owner 2: PRESNELL GREGORY H
  • 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: 092JF013
  • Lot: 19
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9684
  • Longitude: -84.0425

    Address

  • Full Address: 5529 Summitridge Ln
  • Legal Unit: 6
  • Address - House Number: 5529
  • Address - Street Name: Summitridge
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C053
  • 4-Digit Zip Code: 3788
  • Zip Code: 37921

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,666

    Appraisal Valuation

  • Standard Deviation: 0.2177
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 70
  • Final Value: 436,193
  • High Value: 531,171
  • Low Value: 341,215

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: THE HAROLD AND JANIC NELSON RE
  • First Open Lien Mortgage Recording Date: Jun 08, 2018
  • First Open Lien Mortgage Loan Amount: $270,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)

    Market Valuation

  • Market Total Value: $287,500
  • Market Land Value: $35,000
  • Market Improvement Value: $252,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $71,875

    Sales

  • Current Sale Contract Date: May 21, 2018
  • Current Sale Recording Date: May 22, 2018
  • Current Sale Transaction ID: 11472459949
  • Current Sale Price: $267,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201805220068936
  • Previous Sale Recording Date: Dec 31, 2009
  • Previous Sale Contract Date: Dec 21, 2009
  • Previous Sale Amount: $240,450
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: REGIONS MORTGAGE
  • Previous Mortgage Transaction Date: Dec 31, 2009
  • Previous Mortgage Loan Amount: $236,094
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jan 01, 2040

About Knoxville



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Frequently Asked Questions

What neighborhood is 5529 Summitridge Lane located in?
The 5529 Summitridge Lane is a house located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 5529 Summitridge Lane?
The average sales price for units in 5529 Summitridge Lane is $0 currently.

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