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West Knoxville Charmer for Sale at 3005 Connie Road

May 25, 2014 By Troy Stavros

A jewel among Knoxville homes for sale. This home located at 3005 Connie Road, Knoxville, TN 37909 is situated in a cul-de-sac at the very end of the quaint West Knoxville neighborhood of Farmington West. Conveniently located only 5 minutes from West Town Mall and the Interstate. Plenty of updates throughout the home such as Brazilian Teak hardwood floors, ceramic tile, quartz counters and custom sinks an updated bath to name a few. 3 bedrooms on the main level and great lower level rec room with a wood burning stove that walks out to a patio and level backyard. Watch all the action taking place in the backyard from the newer deck accessed from just off the kitchen. 2 car garage to boot! Contact me, Troy Stavros with Gables & Gates, REALTORS to schedule a private showing or visit www.865RealEstate.com.

3005 Connie Rd, Knoxville, TN 37909

$147,750

Property Type: Single Family Bedrooms: 3 Square Footage: 1,617 Status: Closed

Current Price: $147,750 List Date: 6/03/2014 Last Modified: 11/16/2019

Overview

Description

Situated in a cul-de-sac at the very end of a quaint West Knoxville neighborhood. Conveniently located only 5 minutes from West Town Mall and the Interstate. Plenty of updates throughout the home such as Brazilian Teak hardwood floors, ceramic tile, quartz counters and custom sinks in bath to name a few. 3 bedrooms on the main level and great lower level rec room with a wood burning stove. Walk out the lower level to a patio and level backyard or enjoy from the deck above. 2 car garage to boot!

Listing Details MLS# 888243

Location Tax Legal Info

House #: 3005
Street Name: Connie
St Suffix: Rd
State/Province: TN
Zip Code: 37909
PIN #: 106ob049
Subdivision: Farmington West

Contract Info

Listing Price: 145000

General Property Description

Type: Basement Ranch
Lot Dimensions: 50x163
Site Built: Yes
Restrictions: No
SqFt - Total (Aprox): 1617
SqFt - Main Lvl: 1256
SqFt - Down Lvl: 361
# Bedrooms: 3
Baths - Full: 2
Baths - 1/2: Yes
# of Rooms: 7
Fireplace: Yes
# Fireplace: Yes
Property Status: N/A
HOA: No
Year Built: 1979
Bonus Room: Yes
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
Basement: Yes

Status Change Info

Status Change Date: 2014-07-31
Under Contract Date: 2014-06-17
Sold Date: 2014-07-31

Sewer

Sewer Info: CITY

Water

Water Info: CITY

More Information

Location, Tax & Legal Info

Area: Knox County - 1
Property Sub-Type: Residential
City/County Code: City Limits
Elementary School: West Hills
Middle School: Bearden
Total Tax: 1449.36
High School: Bearden

Remarks & Misc

Directions: Middlebrook Pike to Connie Road, follow to end of street. Home on right. Sign in yard.
Public Remarks: Situated in a cul-de-sac at the very end of a quaint West Knoxville neighborhood. Conveniently located only 5 minutes from West Town Mall and the Interstate. Plenty of updates throughout the home such as Brazilian Teak hardwood floors, ceramic tile, quartz counters and custom sinks in bath to name a few. 3 bedrooms on the main level and great lower level rec room with a wood burning stove. Walk out the lower level to a patio and level backyard or enjoy from the deck above. 2 car garage to boot!

Atchd/Dtchd Type

Detached: Yes

Style

Traditional: Yes

Construction

Frame - Brick: Yes

Fireplace

Wood Burning Stove: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Carpet: Yes
Hardwood: Yes
Tile: Yes

Garage/Parking

Garage Spaces: 2
Attached: Yes
Basement: Yes
Garage Door Opener: Yes
Side/Rear Entry: Yes

Basement

Finished: Yes
Walkout: Yes

Lot Description

Cul-De-Sac: Yes
Level: Yes

Fuel

Electric: Yes
Gas (Natural): Yes

Heat

Forced Air: Yes

Dining Area

Formal Dining Area: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Range: Yes
Smoke Detector: Yes

Other Rooms

Basement Rec Room: Yes
Bedroom Main Level: Yes
Family Room: Yes
Laundry/Utility: Yes
Mstr Bdrm Main Level: Yes

Exterior Features

Cable Available (TV Only): Yes
Deck: Yes
Patio: Yes

Misc Features

Internet Available: Yes
Walk-In Closet(s): Yes
Washer/Dryer Connect: Yes

New Financing

Cash: Yes
Conventional: Yes
FHA: Yes
New Loan: Yes

Property Features

Style: Traditional Construction: Frame - Brick Basement: Finished; Walkout Lot Description: Cul-De-Sac; Level Fireplace: Wood Burning Stove Floors: Carpet; Hardwood; Tile Fuel: Electric; Gas (Natural) Heat: Forced Air Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Range; Smoke Detector Other Rooms: Basement Rec Room; Bedroom Main Level; Family Room; Laundry/Utility; Mstr Bdrm Main Level Misc Features: Internet Available; Walk-In Closet(s); Washer/Dryer Connect Exterior Features: Cable Available (TV Only); Deck; Patio Dining Area: Formal Dining Area New Financing: Cash; Conventional; FHA; New Loan

Room Information

Room Name	Room Level	Dimensions
Family Room	Main	15x14
Dining Room	Main	12x12
Kitchen	Main	11x11
Master Bedroom	Main	15x11
Bedroom 2	Main	11x10
Bedroom 3	Main	11x10
Rec Room	Lower	23x14

IDX

Listing Office: Gables & Gates, REALTORS

Last Updated: November - 16 - 2019

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

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Farragut Home For Sale at 728 Saint John Court in Prestwick Place

May 23, 2014 By Troy Stavros

UPDATE: UNDER CONTRACT IN ONLY 6 DAYS! As if the Farragut zip code wasn’t enough, add the sought after Prestwick Place location and you have a rare property. Located at 728 Saint John Court, Knoxville, TN 37934, this home sits up high on a private, estate sized lot. This all-brick traditional home is minutes from all that the Turkey Creek shopping area has to offer, Farragut Schools, Farragut Library, churches, and a short stroll to the Farragut Greenway walking trail. The home features 4 bedrooms, 2.5 baths, bonus room, and a full unfinished basement to use as a workshop or for you to finish off any way that you like. The kitchen has been updated with granite counter tops, stainless steel appliances, imported tile, and more. Sit on the expansive deck or patio and watch the birds frolic amongst the trees of the park-like backyard. Plenty of space for outdoor entertaining. Homes on Saint John Court are a rare commodity. Contact me, Troy Stavros with Gables & Gates, REALTORS to schedule your private showing today.

728 Saint John Court, Knoxville, TN 37934

$380,000

Property Type: Single Family Bedrooms: 4 Square Footage: 3,380 Lot Size (sq. ft.): 29,621 Status: Closed

Current Price: $380,000 List Date: 5/23/2014 Last Modified: 11/16/2019

Overview

Description

This home is situated on an elevated, estate sized lot in an incredibly desirable Farragut location. Less than 5 minutes to Turkey Creek, Farragut Schools, parks, and walking trails. Features 4 bedrooms, 2.5 baths, bonus room, and a full unfinished basement to use as a workshop or ready for you to finish off any way that you like. Kitchen with granite tops, stainless appliances, imported tile and more. Large deck and patio provide outdoor entertaining space overlooking park-like backyard.

Listing Details MLS# 888034

Location Tax Legal Info

House #: 728
Street Name: Saint John
St Suffix: Court
State/Province: TN
Zip Code: 37934
PIN #: 142he013
Subdivision: Prestwick Place

Contract Info

Listing Price: 400000

General Property Description

Type: 2 Story
Lot Dimensions: 119x303xIRR
Acres: 0.68
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 3380
SqFt - Main Lvl: 1404
SqFt - Down Lvl: 1339
SqFt - 2nd Flr Lvl: 1976
# Bedrooms: 4
Baths - Full: 2
Baths - 1/2: Yes
# of Rooms: 10
Fireplace: Yes
# Fireplace: Yes
Property Status: N/A
HOA: Mandatory
HOA Fee: 15
HOA Freq: Monthly
Year Built: 1993
Bonus Room: Yes
Extra Storage: Yes
SqFt - 3rd Flr Lvl: 0
Basement: Yes

Status Change Info

Status Change Date: 2014-06-30
Under Contract Date: 2014-05-30
Sold Date: 2014-06-30

Sewer

Sewer Info: CITY

Water

Water Info: CITY

More Information

Location, Tax & Legal Info

Area: Knox County - 1
Property Sub-Type: Residential
City/County Code: County
Elementary School: Farragut Primary
Middle School: Farragut
Total Tax: 2139.62
High School: Farragut

Remarks & Misc

Directions: Campbell Station Road to RIGHT on Grigsby Chapel Road to RIGHT on Saint John Court. Home on RIGHT. Sign in yard.
Public Remarks: This home is situated on an elevated, estate sized lot in an incredibly desirable Farragut location. Less than 5 minutes to Turkey Creek, Farragut Schools, parks, and walking trails. Features 4 bedrooms, 2.5 baths, bonus room, and a full unfinished basement to use as a workshop or ready for you to finish off any way that you like. Kitchen with granite tops, stainless appliances, imported tile and more. Large deck and patio provide outdoor entertaining space overlooking park-like backyard.

Atchd/Dtchd Type

Detached: Yes

Style

Traditional: Yes

Construction

Brick: Yes

Siding

Brick: Yes

Fireplace

Gas Log: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Carpet: Yes
Hardwood: Yes
Tile: Yes

Garage/Parking

Garage Spaces: 3
Attached: Yes
Garage Door Opener: Yes
Main Level: Yes
Side/Rear Entry: Yes

Basement

Plumbed: Yes
Unfinished: Yes
Walkout: Yes

Lot Description

Level: Yes
Private: Yes
Wooded: Yes

Fuel

Electric: Yes
Gas (Natural): Yes

View

Wooded: Yes

Heat

Forced Air: Yes

Dining Area

Eat-in Kitchen: Yes
Formal Dining Area: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Gas Stove: Yes
Microwave: Yes
Range: Yes
Security Alarm: Yes
Smoke Detector: Yes

Other Rooms

Bedroom Main Level: Yes
Den/Study: Yes
Extra Storage: Yes
Family Room: Yes
Laundry/Utility: Yes
Workshop: Yes

Exterior Features

Cable Available (TV Only): Yes
Deck: Yes
Patio: Yes
Prof Landscaped: Yes

Misc Features

Internet Available: Yes
Pantry: Yes
Walk-in Shower: Yes
Walk-In Closet(s): Yes
Washer/Dryer Connect: Yes
Whirlpool Tub: Yes

New Financing

Cash: Yes
Conventional: Yes
New Loan: Yes

Property Features

Style: Traditional Construction: Brick Siding: Brick Basement: Plumbed; Unfinished; Walkout Lot Description: Level; Private; Wooded View: Wooded Fireplace: Gas Log Floors: Carpet; Hardwood; Tile Fuel: Electric; Gas (Natural) Heat: Forced Air Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Gas Stove; Microwave; Range; Security Alarm; Smoke Detector Other Rooms: Bedroom Main Level; Den/Study; Extra Storage; Family Room; Laundry/Utility; Workshop Misc Features: Internet Available; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Whirlpool Tub Exterior Features: Cable Available (TV Only); Deck; Patio; Prof Landscaped Dining Area: Eat-in Kitchen; Formal Dining Area New Financing: Cash; Conventional; New Loan

Room Information

Room Name	Room Level	Dimensions
Family Room	Main	24.75x14.5
Kitchen	Main	25x10
Dining Room	Main	14x12.5
Office	Main	14.5x12.5
Master Bedroom	Second	18x14.5
Bedroom 2	Second	13.5x10.5
Bedroom 3	Second	13x10.75
Bedroom 4	Second	12.5x12
Bonus Room	Second	27x13.5

IDX

Listing Office: Gables & Gates, REALTORS

Last Updated: November - 16 - 2019

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Things To Do In Knoxville: International Biscuit Festival

May 17, 2014 By Troy Stavros

Looking for something to do this weekend? Well it’s biscuit time in Knoxville. Actually it’s always biscuit time in Knoxville but this time of year is especially biscuity. It’s time for the International Biscuit Festival which is held annually right here in downtown Knoxville. Per their website, “The International Biscuit Festival, now in it’s 5th year, attracts more than 25,000 people to this regional celebration of the best of all foods – the biscuit. I know you might be thinking, biscuit festival, probably some po-dunk little get together, but not true. With partners like, Food Network, Southern Living, Mast General Store, Clayton Bank, Blackberry Farm, Southern Biscuit, Applewood Farm, Lipton Tea, and more, this is a big deal. I recommend you come out and see for yourself.

Why Are There Not Enough Homes For Sale In Knoxville?

May 14, 2014 By Troy Stavros

Ask most Knoxville real estate agents and they will tell you that there is a shortage of good homes for sale in Knoxville. There are plenty of buyers in the market right now, and many are having trouble finding a home that suits them. In fact, the supply of homes in Knoxville has DECREASED by 15.6% from one year ago and is DOWN 8.1% year to date. Why is that?

The “Profile of Home Buyers and Sellers Report” released by the National Association of REALTORS shows that the median tenure, or the amount of time a person lives in their home before buying another, has increased from 6 years to 9 years within the last 4 years.

Here are the 5 reasons I believe we are seeing a shortage of homes for sale in Knoxville:

There are still some sellers who are underwater in their mortgages. Also in the “Profile of Home Buyers and Sellers Report”, seller’s were asked if they wanted to sell earlier but waited because their home was worth less than their mortgage. 13% of recent sellers who went on to purchase another home reported being in this situation. That is 13% who sold and bought again, so that doesn’t take into account the sellers still waiting.
Sellers whose property values decreased are waiting to build up their equity. Similar to reason #1, these sellers saw the value of their home decrease during the downturn in the market. Typically, most seller’s will use the equity in the home they are selling to provide the down payment money on the home they are buying. With many lenders looking for 20% down payment, these sellers are waiting for their equity to build back up so they can have enough money for a down payment on a new home.
As home prices dropped a few years ago and interest rates hit record lows, housing affordability hit record levels as well. This allowed those buying at this time, to buy more home for the money than was possible in the past. Because of this, first time home buyers and other buyers who might normally be trading up to a larger or more upgraded home aren’t doing so. They purchased it the first go around, most likely with a great interest rate that is keeping their payment low, and therefore are choosing to stay in their homes longer. The same holds true for sellers who refinanced their homes at historically low interest rates. Those low, locked in rates, make buying a new home at a higher interest rate that much harder of a decision.
The inventory of new construction homes as well as distressed properties are both very low in Knoxville. These are two categories that historically supplement existing housing inventory. While low amounts of distressed property is not a bad thing, until new home construction is ramped up, we may continue to see low inventory numbers in general. Lack of new construction is pushing buyers into purchasing existing homes, which puts further downward pressure on inventory and upward pressure on existing home prices.
Those of us who have lived in Knoxville for at least 4 years know that 2011 brought a severe hail storm through the area that did some major damage to homes. Areas like Farragut and many other communities throughout Knoxville were hammered by the storm. As a result, most homeowners not only got new roofs paid for by their insurance, but new windows, siding, decks, patios, doors, and more. Many owners were able to do major updates on their homes with little, to no money out of pocket. New decks and patios turned into new outdoor entertaining spaces. New windows and doors turned into lower utility costs. New siding turned a tired looking house into something fresh. I believe this is another major reason for our inventory shortage. Many homeowners pushed “refresh” on their existing homes in 2011-2012, and had that not happened, they would probably be a large pool of sellers looking to upgrade and putting their homes on the market.

Whether you are a seller looking to take advantage of low competition or a buyer looking for guidance in winning against the competition, contact me, Troy Stavros with Gables & Gates, REALTORS to discuss your goals and formulate a game plan.

Knoxville Real Estate vs. National Real Estate in Q1

May 13, 2014 By Troy Stavros

Buyers and sellers of Knoxville real estate need to be very careful what they believe when listening to the media about the housing market. Sure you can believe most of the numbers you hear, but you can’t necessarily translate what those numbers say to your local market. REAL ESTATE IS LOCAL. Here are some good examples which show how our local Knoxville real estate market is bucking the trends of the national housing market.

A recent article in the Wall Street Journal titled, “Why the Nation’s Hot Housing Market Is Cooling, Slightly” made the following statements:

“The housing market showed signs of cooling in the first quarter as the supply of homes for sale expanded and lofty prices put a damper on demand in recent months. A key driver of the price slowdown was an increase in the supply of existing homes listed for sale in the first quarter, which expanded by 3.1% from a year earlier..”

When we compare this statement against our local Knoxville real estate numbers we differ quite a bit. Where the national market “showed signs of cooling” in the first quarter of the year, the Knoxville market’s PENDING home sales are up 14.3% from one year ago and up 15.5% year to date (refer to chart at bottom of the page). April numbers show the trend continuing as PENDING home sales were up 21.8% from last year and 17.7% YTD.
If a “key driver to the nation’s price slowdown was an increase in the supply of existing homes in the first quarter”… what happened in Knoxville? The supply of homes has DECREASED by 15.6% from one year ago and is DOWN 8.1% year to date (refer to chart at bottom of page). Logic would tell us that if the increased inventory is making the nation’s price growth slow, then Knoxville’s decreased inventory would do the opposite. This seems to be proving accurate as noted in my recent article, “List Prices Are Rising Fast On Knoxville Real Estate” that showed list prices rising by 2.1% in a one month period between March and April.

I just hope this example will make you think twice when you hear news about the housing market on the national media. Your best source of learning the status of your local Knoxville real estate market is a local, Knoxville real estate agent. To discuss the market or your goals with buying your selling a home in Knoxville, contact me, Troy Stavros with Gables & Gates, REALTORS today!

List Prices Are Rising Fast On Knoxville Real Estate

May 12, 2014 By Troy Stavros

The prices at which sellers of Knoxville real estate are listing their homes is rising quickly. The year over year increase in the median list price of homes in Knoxville as evidenced by my research is 9.38%. However the telling factor is that the median increase that has been witnessed in the last month (between March and April) was 2.1%. That a pretty big jump for just one month.

Nationally, list prices rose just 0.8% month-over-month and increased 9.0% year-over-year, the smallest gain in 11 months according to an analysis of data from Trulia’s Price Monitor and Rent Monitor.

The combination of a slow year over year increase both locally and nationally and a big month to month jump locally tells me that the Knoxville market is heating up fast. If we look outside these numbers we can see further evidence of this. For example, the last 4 homes I have listed in differing price points ($180,000, $350,000, $400,000, and $500,000) all went under contract with an average of 11.25 days.

Knoxville real estate inventory is still low which is adding fuel to the fire of rising prices. Prices rise when demand is high and supply is low. So if you are thinking about selling your home in Knoxville, now is the time! If you are thinking about buying a home in Knoxville keep in mind that you will have plenty of competition, so make sure you are utilizing the guidance of an agent that can help navigate what could be a turbulent ride. Within the last month I’ve assisted three different buyers in multiple offer situations and I am happy to say that two out of the three were able to secure the home (2 out of the 3 also took my advice 🙂

If you are looking to buy or sell in the Knoxville real estate market contact me, Troy Stavros with Gables & Gates, REALTORS to discuss your goals and formulate a game plan. Talk with you soon!