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Knox 37920
613 Summit View Rd
Photo of 613 Summit View Rd
Sold on Jul 12, 2023

1

Map

$279,900
● House - Off Market

613 Summit View Rd

Knoxville, TN 37920
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,264 Ft²
$279,136
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Very well maintained basement rancher in established South Knoxville subdivision. Home offers beautiful hardwood floors, finished basement with den, bedroom, fireplace and wet bar as well as laundry/half bath. 2 car garage plus office/storage room. Updated Trex decking. For comp purposes
Unit Size
2,264 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$124
Property Type
House
Property Taxes
$63
HOA Dues
-
Year Built
1970

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 15 days ago (Realtracs #RTC3614722)

Price History

Date / Event Date Event Price
Jul 12, 2023 Sold
Premium
Sold
Jul 11, 2023 Listed by RE/MAX Preferred Properties $279,900
Listed by RE/MAX Preferred Properties

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1985
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,464
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,518
  • Lot Size Depth Feet: 1,860
  • Lot Size Frontage Feet: 2,200
  • Total Building Area: 2,264
  • Gross Building Area: 2,976
  • Building Area: 2,264
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,264
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRANDVIEW UNIT 4
  • Land Acres: 0000000586
  • Standard Land Use Code: 1001
  • County Land Use Code: 16
  • Legal Description 1: SUBDIVISIONNAME GRANDVIEW UNIT 4 MAPPLATB 38S MAPPLATP 1 DIMENSIONS 220 X 186 X IRR

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 005603

Geography

  • Assessors Map Reference: MAP #137A
  • District: COU
  • Parcel: 137AA026
  • Block: B
  • Lot: 2
  • Municipality: COUNTY OF KNOX
  • Latitude: 35.9069
  • Longitude: -83.8627

    Address

  • Full Address: 613 Summit View Rd
  • Legal Unit: 4
  • Address - House Number: 613
  • Address - Street Name: Summit View
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C014
  • 4-Digit Zip Code: 6343
  • Zip Code: 37920

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $75,900

    Appraisal Valuation

  • Standard Deviation: 0.2386
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 66
  • Final Value: 291,892
  • High Value: 361,555
  • Low Value: 222,229

    Market Valuation

  • Market Total Value: $195,400
  • Market Land Value: $20,000
  • Market Improvement Value: $175,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $48,850

    Sales

  • Current Sale Contract Date: Jul 10, 2023
  • Current Sale Recording Date: Jul 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2069
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Knox

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

93

Average Home Size

2181 ft²

Average Home Age

37.3 years

Currently For Sale

1893 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Teresa Luttrell, RE/MAX Preferred Properties
Last Updated: 15 days ago
Data Source: Realtracs, MLS# RTC3614722
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 613 Summit View Road built and last sold?
The property at 613 Summit View Road was built in 1970 and last sold on Jul 10, 2023 for $279,900.
How much is this home worth?
The estimated value of the home located at 613 Summit View Road is $294,752.
What are some comparable homes to 613 Summit View Road?
There are currently no comparable homes to 613 Summit View Road.
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