8 months on rocket

7042 Summer Oak Ln, Knoxville, TN, 37918

$1,250,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
5,070 SqFt
$247/SqFt
House

Location

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7042 Summer Oak Ln, Knoxville$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingGarage Door Opener, Attached, Detached, RV Parking, Side/Rear Entry, Main Level
Attached Garage7 spaces
Year Built2005
HeatingCentral, Natural Gas, Electric
CoolingCentral Air
WaterfrontCreek
FireplaceVentless, Gas Log
MLS #1253415
Lot Size5.23 Acres
StatusActive

About 7042 Summer Oak Ln

This is a spacious custom-built 2-story brick home located in Oak Springs Estates at the end of a cul-de-sac. It features 4 bedrooms, 3.5 bathrooms, and sits on 5.23 acres of land. The beautifully landscaped front yard creates an inviting entrance to the home. Inside, the open-concept design creates a sense of spaciousness and flow throughout the main living areas. The living room features large windows with motorized blinds, allowing natural light to illuminate the space. The kitchen is equipped with stainless steel appliances, Quartz countertops, Nu Aqua filtration system, and ample cabinet space. The dining area leads to the outdoor patio, creating a harmonious blend of indoor and outdoor living. The master suite features a luxurious ensuite bathroom with a jacuzzi tub and steam shower, along with a large walk-in closet. Other notable features of the home include a formal dining room, a home office with a fireplace, 2 bonus rooms, (one can be used as a media room) a spacious laundry room, Sam's/Costco pantry, a large storage closet, and a 3-car garage with storage. Additionally, there is a detached 4-car garage with a bathroom that is heated and cooled and a massive storage area above the garage with a car lift. The expansive backyard includes a large covered porch perfect for dining and entertaining. Large driveway to park any toys you may have like an RV, boat, or even equipment. This home offers a combination of thoughtful design, upgrades, and sprawling outdoor space, making it an exceptional and beautiful place to call home.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2005
  • Living Area: 5,070 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Central Vacuum, Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Hardwood, Tile
  • Interior: Island in Kitchen, Pantry, Walk-In Closet(s), Eat-in Kitchen
  • Fireplace: Ventless, Gas Log

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Creek
  • Exterior: Windows - Insulated, Porch - Covered

Parking Information:

  • Garage Space: 7 spaces
  • Attached Garage: Yes
  • Parking: Garage Door Opener, Attached, Detached, RV Parking, Side/Rear Entry, Main Level

Lot Features

Lot Information:

  • Lot: Creek, Cul-De-Sac, Level
  • Lot Size: 5.23 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From 1-640 east to exit 6 (Old Braodway) to left on N Broadway conitue 3.9 miles to right on Crippen Road. Left onto Summer Oak.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $247/SqFt

HOA Fees:

  • Amount: $300
  • Frequency: Annually

Tax Information:

  • Annual Amount: $3,444
  • 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

7042 Summer Oak Ln vs Knoxville

267 DAYS ON ROCKET

+236 Days

$1,250,000

+$873.9K More

$247/SqFt

+$35 More

KEY TAKEAWAY

This property is $873.9K more than the Median Sold Price and $35/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: #1253415

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: 11/15/2024, 8:20:56 AM 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$3,444$162,475
2019$3,444$162,475
2017$3,444$162,475

History based on county public records data.

Payment Calculator

$6,331

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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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-402309
4
/10

  • Adrian Burnett Elementary School

  • 4521 Brown Gap Rd

  • 1.02 miles

  • Public District Grades PK-5

school-card-donut-402310
6
/10

  • Halls Elementary School

  • 7502 Andersonville Pike

  • 1.14 miles

  • Public District Grades PK-5

school-card-donut-402311
7
/10

  • Shannondale Elementary School

  • 5316 Shannondale Rd

  • 2.04 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,734. Most Knoxville, TN residents have annual incomes between $35k-100k. Typical family type is 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 7042 Summer Oak Ln

What is the listing price of this property?

The listing price of 7042 Summer Oak Ln property is $1,250,000.

What type of property is this?

The property 7042 Summer Oak Ln is a house located in Knoxville, Tennessee, 37918.

Is this property for sale now?

Active Listing: 7042 Summer Oak Ln 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 $3,444 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7042 Summer Oak Ln has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 7042 Summer Oak Ln is 5,070 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7042 Summer Oak Ln is 2005.

Rocket Homes›Tennessee›Knox County›Knoxville›37918›7042 Summer Oak Ln

This home is located at 7042 Summer Oak Ln in Knoxville, TN and zip code 37918 in the Oak Springs Estates neighborhood. This 5,070 square foot home, which was built in 2005, sits on a 5.23 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $1,250,000.

While more than 91 listings in Knoxville, TN in October 2024 were sold above asking price, there were more than 104 listings sold at asking price, and more than 245 were sold below. The number of listings in Knoxville, TN decreased by 0.3% between September 2024 and October 2024. In October 2024 median list price was $376,023 and the average listing age was 31 days.

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

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