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7123 Sherwood Drive Southwest

7123 Sherwood Drive Southwest, Knoxville, TN 37919
House in Knox
Sold Dec 31, 2013
$600,000
$1,440,000 by Bank Of America Na
Mortgage Due Jul 01, 2052
7123 Sherwood Drive Southwest in Knoxville, TN was first built in 1965 and is 59 years old. Although, the building on the property was most recently renovated and altered in 2005. 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 13 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 7123 Sherwood Drive Southwest has 5,537 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 basement is 2,632 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 245 ft and the linear feet between the front and back of the lot is 300. In total, the area measurement of the land is 37,026 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. 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 598 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 B+. 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 Dec 18, 2013 for $600,000. That's $108.36 per sqft. 7123 Sherwood Drive Southwest was last assessed in 2023. The total value of the property was assessed at $365,150. 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 $13,545. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 2005
  • Total Rooms: 13
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 18
  • Building Condition: Good
  • Building Quality: B+
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 2,632
  • Garage Type: Attached
  • Garage Square Area: 598
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 37,026
  • Lot Size Depth Feet: 300
  • Lot Size Frontage Feet: 245
  • Total Building Area: 5,537
  • Gross Building Area: 7,896
  • Building Area: 5,537
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 5,537
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WESTMORELAND HGTS LOT 11R PT 12R
  • Land Acres: 0.85
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME WESTMORELAND HGTS LOT 11R PT 12R MAPPLA TB 42L MAPPLATP 138 DIMENSIONS 244.94 X 471.05 X IRR

Ownership

  • Current Owner : CAGLE JAMES L
  • Current Owner 2: CAGLE LEAH
  • Previous Owner : LOTHROP CLINTON D
  • Previous Owner 2: LOTHROP MARGARET KELLAM
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 004404

Geography

  • Assessors Map Reference: MAP #120M
  • District: CIT
  • Parcel: 120MA010
  • Block: B
  • Lot: 11R
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9197
  • Longitude: -84.0172

    Address

  • Full Address: 7123 Sherwood Dr
  • Address - House Number: 7123
  • Address - Street Name: Sherwood
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C017
  • 4-Digit Zip Code: 7308
  • Zip Code: 37919

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $13,545

    Appraisal Valuation

  • Standard Deviation: 0.1892
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 75
  • Final Value: 1,645,890
  • High Value: 1,957,366
  • Low Value: 1,334,414

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,440,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 13, 2022
  • First Open Lien Mortgage Loan Amount: $1,440,000
  • 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: Jul 01, 2052

    Market Valuation

  • Market Total Value: $1,460,600
  • Market Land Value: $489,600
  • Market Improvement Value: $971,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $365,150

    Sales

  • Current Sale Contract Date: Dec 18, 2013
  • Current Sale Recording Date: Dec 31, 2013
  • Current Sale Transaction ID: 11444390512
  • Current Sale Price: $600,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201312310039835

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Dec 31, 2013
  • First Mortgage Loan Amount: $520,000
  • First Mortgage Terms: 300
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jan 01, 2039

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Knoxville



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Unit for rent at 1377 Woodridge Drive, Knoxville, TN, 37919

$2,750 /mo

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1377 Woodridge Drive #1377 Woodridge Drive, Knoxville, TN, 37919 Listing by Manager

Frequently Asked Questions

What neighborhood is 7123 Sherwood Drive Southwest located in?
The 7123 Sherwood Drive Southwest is a house located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 7123 Sherwood Drive Southwest?
The average sales price for units in 7123 Sherwood Drive Southwest is $0 currently.

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