5 months on rocket

Sale Pending

5040 Griffins Gate Ln, Knoxville, TN, 37912

$324,900

Home List Price

$3,858*

Closing Credit

3 Bedrooms
2 Full Baths
1,697 SqFt
$191/SqFt
House
Schools Nearby

Location

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5040 Griffins Gate Ln, Knoxville$324,900

Buyer Closing Credits

$3,858*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingAttached, Side/Rear Entry
Attached Garage1 space
Year Built1988
HeatingCentral, Natural Gas, Electric
CoolingCentral Air
FireplaceGas, Pre-Fab, Wood Burning
ViewCity
MLS #1244487
Lot Size0.07 Acres
StatusSale Pending
(Pending - Continue to Show - Financing)

About 5040 Griffins Gate Ln

Welcome home to your elegant newly-renovated 3-bedroom, 2-bath townhouse in the highly sought-after Griffin Gate community just minutes from I-75 and only about 10 min to downtown/UT. Perfect for anyone looking for easy living, convenience, and comfort - with groceries, restaurants and shopping nearby at Merchants or Fountain City. As you step inside, you'll be greeted by a spacious living room with a fireplace, vaulted ceilings and plenty of natural light, and lovely wainscoting in the dining room. Main level primary bedroom and eat in kitchen. Upstairs has 2 nice-sized bedrooms with large closets. Relax on the private and tranquil patio. Good storage, new flooring, all new stainless steel appliances, new lighting, and new granite countertops in bathrooms and kitchen; stunning white soft-close cabinetry. Freshly painted throughout. Move-in ready. Nearby guest parking. Buyer to verify square footage. Gig speed internet available. Don't miss the chance to make this maintenance-free unit your own. This is the only 3BR unit for sale in this subdivision. Schedule a showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1988
  • Living Area: 1,697 SqFt

Listing Office:

  • Office Name: Martin Properties
  • Office Phone: (615) 973-8970

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Self Cleaning Oven, Refrigerator, Microwave
  • Basement: No
  • Flooring Type: Laminate, Carpet, Tile
  • Interior: Cathedral Ceiling(s), Pantry, Walk-In Closet(s), Eat-in Kitchen
  • Fireplace: Gas, Pre-Fab, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Windows - Aluminum, Windows - Insulated, Patio, Prof Landscaped

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached, Side/Rear Entry

Lot Features

Lot Information:

  • Lot: Irregular Lot
  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Central High School, Public District Grades 9-12
  • Gresham Middle School, Public District Grades 6-8
  • Inskip Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: I-75 N to Exit 108. Rt on Merchant Dr which becomes Cedar Ln to Rt on Griffin's Gate Ln.

Price Information

Listing Price Info

Price Summary:

  • List Price: $324,900
  • Price Per SqFt: $191/SqFt

HOA Fees:

  • Amount: $130
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $898
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Knoxville, TN.

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Knoxville, TN

City

Med. Sold Price

$365K

Med. Price/SqFt

$206

Avg. Days On Market

38

# of Sold Homes

444

5040 Griffins Gate Ln vs Knoxville

179 DAYS ON ROCKET

+141 Days

$324,900

-$40.1K Less

$191/SqFt

-$16 Less

KEY TAKEAWAY

This property is $40.1K less than the Median Sold Price and $16/SqFt less than other homes in Knoxville, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1244487

Listing Office:

  • Office Name: Martin Properties
  • Office Phone: (615) 973-8970

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, 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.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 7:20:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 26, 2016Home Sold
$125,500
Aug 31, 2007Home Sold
$149,000
Jun 25, 1999Home Sold
$103,000
Aug 19, 1997Home Sold
$83,000
Nov 18, 1993Home Sold
$83,000
May 01, 1989Home Sold
$84,900

Tax History

YEARPROP. TAXASSESSMENT
2020$898$36,450
2019$1,671$36,450
2017$1,671$36,450

History based on county public records data.

Payment Calculator

$1,819

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1996640
3
/10

  • Inskip Elementary School

  • 4701 High School Rd

  • 0.58 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1996641
4
/10

  • Gresham Middle School

  • 500 Gresham Rd

  • 2.24 miles

  • Public District Grades 6-8

High School

school-card-donut-1996642
4
/10

  • Central High School

  • 5321 Jacksboro Pike

  • 2.78 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,571. Residents of Knoxville, TN typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5040 Griffins Gate Ln

What is the listing price of this property?

The listing price of 5040 Griffins Gate Ln property is $324,900.

What type of property is this?

The property 5040 Griffins Gate Ln is a house located in Knoxville, Tennessee, 37912.

Is this property for sale now?

Sale Pending: 5040 Griffins Gate Ln is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 5040 Griffins Gate Ln are:
Inskip Elementary School: GreatSchools Rating 3/10
Gresham Middle School: GreatSchools Rating 4/10
Central High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $898 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 26, 2016 for $125,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5040 Griffins Gate Ln has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5040 Griffins Gate Ln is 1,697 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5040 Griffins Gate Ln is 1988.

Rocket Homes›Tennessee›Knox County›Knoxville›37912›5040 Griffins Gate Ln

This home is located at 5040 Griffins Gate Ln in Knoxville, TN and zip code 37912 in the Griffin's Gate neighborhood. This 1,697 square foot home, which was built in 1988, sits on a 0.07 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 31, 2023 and is currently priced at $324,900.

Over 114 listings were sold over their listed price in March 2024 in Knoxville, TN. In the same period over 234 listings were sold below the listed price and 95 listings were sold for the listed price. In March 2024 in Knoxville, TN there were 5.3% more homes for sale than in February 2024. In March 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $365,052.

From Rocket Homes Real Estate and based on county public records data.

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