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503 Broome Road Northwest

503 Broome Road Northwest, Knoxville, TN 37909
Property in Knox
Sold Sep 28, 2020
$515,000
$489,250 by Quicken Loans Llc
Mortgage Due Oct 01, 2050
Sold May 24, 2017
$398,450
Local assessors in Knoxville, TN have categorized 503 Broome Road Northwest as a residential type of property. The home was built in 2017 and is 7 years old. It was most recently renovated and altered in 2020. The property's lot size has been calculated to be 36,678 square feet. The linear feet between the front and back of the lot was measured at 3,590 ft and the front of the lot was measured at 1,010 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 503 Broome Road Northwest has a total of 2,568 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,449 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from none system. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 525 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Lots of unknown were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 503 Broome Road Northwest was last sold in Sep 25, 2020 for $515,000. According to our calculations, that's $200.55 per sqft. Prior to that sales transaction, the property was sold for $398,450 in May 23, 2017. Current property owners are expected to pay $4,762 in taxes per year. The property on 503 Broome Road Northwest was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $128,350. 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: 2017
  • Effective Year Built: 2020
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Contemporary
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Type: Full basement
  • Basement Area: 1,449
  • Garage Type: Attached
  • Garage Square Area: 525
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 36,678
  • Lot Size Depth Feet: 3,590
  • Lot Size Frontage Feet: 1,010
  • Total Building Area: 2,568
  • Gross Building Area: 4,872
  • Building Area: 2,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,568
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Subdivision: WEST BROOME S/D
  • Land Acres: 0.842
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Leasehold rights (misc.)
  • Legal Description 1: SUBDIVISIONNAME WEST BROOME S/D LOWLOT 1 HIGHLOT LOWBL OCK HIGHBLOCK DIMENSIONS 101.98 X 359.66 X IRR

Ownership

  • Current Owner : SQUIERS BRIAN RAY
  • Current Owner 2: SQUIERS SARA MARIE
  • Previous Owner : NIPPER KENNETH R
  • Previous Owner 2: NIPPER LISA P
  • Owner Before Previous Owner: ROWE BRIAN J
  • Owner Before Previous Owner 2: ROWE LORI S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 004502

Geography

  • Assessors Map Reference: MAP #106P
  • District: CIT
  • Parcel: 106PA02601
  • Lot: 1
  • Municipality: CITY OF KNOXVILLE
  • Latitude: 35.9369
  • Longitude: -84.0581

    Address

  • Full Address: 503 Broome Rd
  • Address - House Number: 503
  • Address - Street Name: Broome
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Knoxville
  • Carrier Code: C022
  • 4-Digit Zip Code: 2102
  • Zip Code: 37909

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,762

    Appraisal Valuation

  • Standard Deviation: 0.213
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 70
  • Final Value: 672,597
  • High Value: 815,871
  • Low Value: 529,323

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $539,250
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Sep 28, 2020
  • First Open Lien Mortgage Loan Amount: $489,250
  • 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: Oct 01, 2050
  • Second Open Lien Mortgage Lender: PEOPLES BANK OF EAST TENNESSEE
  • Second Open Lien Mortgage Recording Date: Dec 13, 2021
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 25, 2031

    Market Valuation

  • Market Total Value: $513,400
  • Market Land Value: $90,000
  • Market Improvement Value: $423,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $128,350

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 28, 2020
  • Current Sale Transaction ID: 11793662658
  • Current Sale Price: $515,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 202009280025808
  • Previous Sale Recording Date: May 24, 2017
  • Previous Sale Contract Date: May 23, 2017
  • Previous Sale Amount: $398,450
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Sep 28, 2020
  • First Mortgage Loan Amount: $489,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 503 Broome Road Northwest located in?
The 503 Broome Road Northwest is a located in the neighborhood of Knox in Knoxville, Knoxville.
What is the average sales price for listings in 503 Broome Road Northwest?
The average sales price for units in 503 Broome Road Northwest is $0 currently.

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