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701 Gresham Road

701 Gresham Road, Knoxville, TN 37918
House in Knox
Sold Nov 28, 2022
$549,900
$439,200 by Morgan Stanley Private Bank Na
Mortgage Due Dec 01, 2052
Sold May 25, 2018
$330,000
$297,000 by Mortgage Investors Corp
Mortgage Due Jun 01, 2048
701 Gresham Road 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 1920 and is 104 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 701 Gresham Road has 2,920 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 1,260 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 199 ft and across the front of the lot is 100 ft. The area measurement of the land has been determined as 19,907 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional 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. 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 brick. 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, 701 Gresham Road was last sold in Nov 22, 2022 for $549,900. According to our calculations, that's $188.32 per sqft. Prior to that sales transaction, the property was sold for $330,000 in May 24, 2018. Current property owners are expected to pay $1,928 in taxes per year. The property on 701 Gresham Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $89,450. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2010
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Traditional
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Partial basement
  • Basement Area: 1,260
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 19,907
  • Lot Size Depth Feet: 199
  • Lot Size Frontage Feet: 100
  • Total Building Area: 2,920
  • Gross Building Area: 5,220
  • Building Area: 2,920
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,920
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FTN CITY CO ADD
  • Land Acres: 0.457
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Petroleum & gas wells (misc.)
  • Legal Description 1: SUBDIVISIONNAME FTN CITY CO ADD MAPPLATB 45-S MAPPLATP 87 DIMENSIONS 100 X 200 X IRR

Ownership

  • Current Owner : LYON RICHARD ALAN
  • Current Owner 2: LYON DEBRA LEE
  • Previous Owner : BRIGGS LORRIE J
  • Owner Before Previous Owner: BRUCK REAL ESTATE LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 005000

Geography

  • Assessors Map Reference: MAP #58C
  • District: CIT
  • Parcel: 058CB022
  • Block: 67
  • Lot: 1-R
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 36.042
  • Longitude: -83.9354

    Address

  • Full Address: 701 Gresham Rd
  • Address - House Number: 701
  • Address - Street Name: Gresham
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C092
  • 4-Digit Zip Code: 3924
  • Zip Code: 37918

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,928

    Appraisal Valuation

  • Standard Deviation: 0.2214
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 69
  • Final Value: 512,618
  • High Value: 626,143
  • Low Value: 399,092

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $439,200
  • First Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 28, 2022
  • First Open Lien Mortgage Loan Amount: $439,200
  • 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: Dec 01, 2052

    Market Valuation

  • Market Total Value: $357,800
  • Market Land Value: $30,000
  • Market Improvement Value: $327,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,450

    Sales

  • Current Sale Contract Date: Nov 22, 2022
  • Current Sale Recording Date: Nov 28, 2022
  • Current Sale Transaction ID: 11899285966
  • Current Sale Price: $549,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 31581
  • Previous Sale Recording Date: May 25, 2018
  • Previous Sale Contract Date: May 24, 2018
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • First Mortgage Transaction Date: Nov 28, 2022
  • First Mortgage Loan Amount: $439,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE INVESTORS CORP
  • Previous Mortgage Transaction Date: May 25, 2018
  • Previous Mortgage Loan Amount: $297,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2048

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Frequently Asked Questions

What neighborhood is 701 Gresham Road located in?
The 701 Gresham Road is a house located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 701 Gresham Road?
The average sales price for units in 701 Gresham Road is $0 currently.

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