2 months on rocket

2506 Legion Dr, Knoxville, TN, 37920

$399,900

Home List Price

$4,749*

Closing Credit

0 Baths
1,800 SqFt
$222/SqFt
House

Location

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2506 Legion Dr, Knoxville$399,900

Buyer Closing Credits

$4,749*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Premise Parking
Year Built1950
HeatingOther, Electric
MLS #1276464
StatusActive

About 2506 Legion Dr

Incredible multi-family investment opportunity in South Knoxville! This rare find is perfect for both first-time investors and seasoned real estate professionals looking to expand their portfolio. Priced to sell, this converted three-unit property is a unique find in today's market. The units are currently occupied by long-term tenants who would love to stay. Each unit is equipped with essential appliances, including stoves, refrigerators, and combo heat/air units (PTACs). Pictured is the renovated 1 bedroom/1 bathroom. The two-bedroom units offer washer/dryer connections conveniently located on the rear porch. The seller covers water, as the property is on septic, while tenants are responsible for electric. Septic lines were completely replaced in 2023. There is an easement in place for the shared driveway with the neighboring property at 2512 Legion. Don't miss out on this incredible investment opportunity to cash flow immediately! Contact the listing agent directly to schedule your showing today.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: Realty Executives Associates
  • Office Phone: (865) 693-3232

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Flooring Type: Hardwood, Carpet, Vinyl, Other, Tile

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Premise Parking

Utilities

Utilities Information:

  • Heating: Other, Electric

Other

Directions Information:

  • Directions: Alcoa Hwy from downtown take first exit. Continue on access road to Maloney. Turn left and cross over Alcoa Hwy. At Belt Rd turn left. Almost immediately turn right onto Legion Dr. Just past stop sign at Shaler, property will be on the right. Shares common driveway with 2512 Legion.

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,900
  • Price Per SqFt: $222/SqFt

Tax Information:

  • Annual Amount: $654
  • 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

$376K

Med. Price/SqFt

$211

Avg. Days On Market

31

# of Sold Homes

444

2506 Legion Dr vs Knoxville

69 DAYS ON ROCKET

+38 Days

$399,900

+$23.8K More

$222/SqFt

+$10 More

KEY TAKEAWAY

This property is $23.8K more than the Median Sold Price and $10/SqFt more 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: #1276464

Listing Office:

  • Office Name: Realty Executives Associates
  • Office Phone: (865) 693-3232

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: 11/21/2024, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$654$30,840
2019$654$30,840
2017$654$30,840

History based on county public records data.

Payment Calculator

$2,063

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,265

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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.

Nearby Schools

school-card-donut-452631
6
/10

  • Mount Olive Elementary School

  • 2507 Maryville Pike

  • 0.37 miles

  • Public District Grades KG-5

school-card-donut-452632
8
/10

  • Sequoyah Elementary School

  • 942 Southgate Rd

  • 2.18 miles

  • Public District Grades KG-5

school-card-donut-452633
2
/10

  • Mooreland Heights Elementary School

  • 5315 Magazine Rd

  • 2.35 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,573. Most Knoxville, TN residents have annual incomes less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Knoxville, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Knoxville, TN?

Knoxville's housing market presents a diverse array of options, with single-family homes being a significant presence. The architectural styles vary, offering a mix of historic homes that reflect the city's rich past and contemporary constructions that cater to modern tastes. While the majority of the housing stock is designed for family living, there is also a substantial selection of apartments and townhouses that appeal to individuals and smaller households. The homeownership rate in Knoxville is robust, with a healthy balance between owners and renters.

Is Knoxville, TN a good place to live?

Knoxville is celebrated for its vibrant community spirit and rich cultural heritage. The city prides itself on a variety of local events and festivals that showcase its artistic flair and community engagement. From outdoor concerts to art exhibitions, Knoxville's character is defined by its active participation in the arts and its commitment to fostering a welcoming atmosphere for residents and visitors alike.

Are things conveniently located in Knoxville, TN?

The community is served by a comprehensive educational system, including a number of public and private schools that cater to a range of educational needs. Healthcare facilities are well-distributed throughout the city, offering residents access to primary care, emergency services, and specialized medical treatments. Knoxville's public library system is extensive, providing educational and cultural resources to the community. Retail and dining options are plentiful, reflecting the local culture with a blend of traditional Southern cuisine and international flavors.

What does the transportation in Knoxville, TN look like?

Knoxville features a developed transport infrastructure that supports both private and public transit options. The city's road network facilitates easy commuting and travel, with highways connecting Knoxville to surrounding areas. Public transportation services are available, providing residents with alternatives to private vehicle use. The city is also making strides in enhancing walkability and bikeability, with ongoing initiatives to improve the safety and convenience of non-vehicular travel. Ride-sharing services are present in the city, complementing the existing transportation options.

Frequently Asked Questions About 2506 Legion Dr

What is the listing price of this property?

The listing price of 2506 Legion Dr property is $399,900.

What type of property is this?

The property 2506 Legion Dr is a house located in Knoxville, Tennessee, 37920.

Is this property for sale now?

Active Listing: 2506 Legion Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $654 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 2506 Legion Dr is 1,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2506 Legion Dr is 1950.

Rocket Homes›Tennessee›Knox County›Knoxville›37920›2506 Legion Dr

This home is located at 2506 Legion Dr in Knoxville, TN and zip code 37920. This 1,800 square foot home was built in 1950. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $399,900.

In October 2024, from all listings sold in Knoxville, TN there were more than 91 sold above asking price, over 245 sold below and more than 104 were sold right at the asked price. The inventory of homes for sale in Knoxville, TN between September 2024 and October 2024 decreased by 0.3%. While the average time on the market in October 2024 was 31 days, the median list price was $376,023.

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

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