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Knox
7825 Knowledge Lane
Photo of 7825 Knowledge Lane
Sold on May 10, 2021

23

Map

Photo of 7825 Knowledge Lane
Photo of 7825 Knowledge Lane
$245,000
● House - Off Market

7825 Knowledge Lane

Knoxville, TN 37938
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,673 Ft²
$296,765
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

This well kept brick home is too cute to pass up! Upgraded stainless appliances, beautiful new hardwood floors, 2 bedrooms have Walk-in closets, large Master w/ double vanities, whirlpool tub, and separate shower, open eat-in kitchen with tile floors complete with formal dining room or office space. This one has it all including a .65 acre lot. Seller will give carpet allowance. Schedule your showing today!
Unit Size
1,673 Ft²
Days on Market
-
Land Size
0.65 acres
Price per sqft
$149
Property Type
House
Property Taxes
$71
HOA Dues
-
Year Built
2004

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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: 9 days ago (Realtracs #RTC3617062)

Price History

Date / Event Date Event Price
May 10, 2021 Sold
Premium
Sold
Mar 17, 2021 Listed by Wallace Real Estate $249,500
Listed by Wallace Real Estate

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,207
  • Lot Size Depth Feet: 2,473
  • Lot Size Frontage Feet: 2,937
  • Total Building Area: 1,568
  • Gross Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOLOMON PLACE UNIT 2
  • Land Acres: 0000000648
  • Standard Land Use Code: 1001
  • County Land Use Code: 17
  • Legal Description 1: SUBDIVISIONNAME SOLOMON PLACE UNIT 2 MAPPLATB 20030721 MAPPLATP 0008220 DIMENSIONS 293.69 X 247.32 X IRR

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 006202

Geography

  • Assessors Map Reference: MAP #28G
  • District: COU
  • Parcel: 028GB014
  • Lot: 20
  • Municipality: COUNTY OF KNOX
  • Latitude: 36.1018
  • Longitude: -83.9417

    Address

  • Full Address: 7825 Knowledge Ln
  • Legal Unit: 2
  • Address - House Number: 7825
  • Address - Street Name: Knowledge
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Knoxville
  • Carrier Code: R086
  • 4-Digit Zip Code: 2161
  • Zip Code: 37938

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $97,700

    Appraisal Valuation

  • Standard Deviation: 0.0871
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 92
  • Final Value: 321,208
  • High Value: 349,205
  • Low Value: 293,211

    Market Valuation

  • Market Total Value: $251,500
  • Market Land Value: $27,500
  • Market Improvement Value: $224,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,875

    Sales

  • Current Sale Contract Date: May 26, 2022
  • Current Sale Recording Date: May 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 90174
  • Previous Sale Recording Date: May 12, 2021
  • Previous Sale Contract Date: May 10, 2021
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: 71
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:

$395,000

Sale Price/ft²

$218

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1795 ft²

Average Home Age

38.7 years

Currently For Sale

2156 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

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Jessica Richard, Wallace Real Estate
Last Updated: 9 days ago
Data Source: Realtracs, MLS# RTC3617062
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 7825 Knowledge Lane built and last sold?
The property at 7825 Knowledge Lane was built in 2004 and last sold on May 26, 2022 for $325,000.
How much is this home worth?
The estimated value of the home located at 7825 Knowledge Lane is $258,506.
What are some comparable homes to 7825 Knowledge Lane?
There are currently no comparable homes to 7825 Knowledge Lane.
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