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2219 Atchley St
Score
0
Knoxville, TN

2219 Atchley St

2K
2 bd • 1 ba • 976 sf

This analysis was generated on 2/7/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$2,200

Price/Sq.Ft

$2

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Affordable price point: Priced at $2,200, the property offers an accessible entry point into the Knoxville housing market. • Competitive price per square foot: With a price per square foot of $2.25, the property is significantly below the market average, presenting a potential value opportunity. • Potential for value appreciation: With renovations and upgrades, the property could increase in value and become a desirable rental property or owner-occupied home. • 2-bedroom layout: The 2-bedroom layout aligns with the average rental rate of $1156 for similar units in Knoxville, suggesting potential rental income.

The Bad

• Lack of property details: The absence of a property description and room details makes it difficult to assess the property's layout, features, and overall suitability. • Unknown property age: The listing does not provide the year the property was built, this is a red flag. It makes it difficult to assess potential maintenance issues, code compliance, and overall condition. • No listed property features: The listing fails to highlight any specific features or amenities, making it difficult to assess the property's value proposition. • Unknown condition: The lack of information about the property's condition raises concerns about potential structural issues, outdated systems, and hidden problems.

The Ugly

• Potential for significant repairs: The unknown condition of the property raises concerns about potential structural issues, outdated systems, and hidden problems that could require costly repairs. • Renovation cost uncertainty: Without a detailed inspection, it's difficult to estimate the total cost of renovations, which could exceed the purchase price and strain the budget. • Risk of hidden issues: The lack of information about the property's history and condition increases the risk of discovering unexpected problems during the renovation process. • Financial strain: The combination of the purchase price and potential renovation costs could create a significant financial burden, especially if unexpected expenses arise.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Value-focused buyers willing to invest in renovations: The property's affordable price point allows room for upgrades and improvements, potentially increasing its value and appeal. • Renters looking to become homeowners: With monthly rental rates for a 2-bedroom in Knoxville averaging $1156, the mortgage payment on this property (after renovation) could be comparable, offering an opportunity to build equity. • Buyers seeking a conveniently located property: Located on Atchley St, the property offers easy access to downtown Knoxville and major amenities.

Not For

• Buyers seeking a move-in ready property: This property requires significant renovations and updates, making it unsuitable for those looking for immediate occupancy. • Buyers with limited renovation budgets: The unknown condition of the property could lead to unexpected repair costs, potentially exceeding a tight budget. • Risk-averse buyers: The lack of detailed information about the property's history and condition increases the level of uncertainty and risk.
Demographics
Area Median Income

$52,491

Property History

Price History
Ownership Timeline
$246,000Financed
Apr 5, 2024
House To Home Renovation And Const LlcJared Zwick
Warranty Deed
Standard Sale (Purchase/Resales)
$135,000Cash Purchase
Jan 3, 2023
Betty F CarverHouse To Home Renovation And Const Llc
Warranty Deed
Non-Residential Arm's Length Transactions
$22,000Cash Purchase
Aug 19, 1998
Richardson Joyce AdelDuncan A Carver, Betty F Carver
Warranty Deed
Standard Sale (Purchase/Resales)

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Financials

Monthly Costs
Market Rent (2 bed)

$1,156

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$2,200
Price/sqft
$2
Layout
2 bd1 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$344,000

99.4%

Your price is 99.4% below average

Median Price

$275,000

99.2%

Based on 6 recent sales

Price per Sq.Ft

$361

99.4%

Your price is 99.4% below average $/sqft

Comparable Properties

711 Lippencott St, Knoxville, TN 37920
Price: $255,000
Sq.Ft: 960
Beds/Baths: 3/1
$/Sq.Ft:
$26611684.1%
Sale Date: 10/15/2024
727 Lippencott St, Knoxville, TN 37920
Price: $260,000
Sq.Ft: 1,150
Beds/Baths: 3/1
$/Sq.Ft:
$2269930.0%
Sale Date: 12/10/2024
232 W Jackson Ave #B03, Knoxville, TN 37902
Price: N/A
Sq.Ft: 914
Beds/Baths: 1/1
$/Sq.Ft: N/A
Sale Date: 10/11/2024
232 W Jackson Avenue #B03, Knoxville, TN 37902
Price: $275,000
Sq.Ft: 880
Beds/Baths: 1/1
$/Sq.Ft:
$31313763.6%
Sale Date: 10/15/2024
2606 Marshall St, Knoxville, TN 37920
Price: $275,000
Sq.Ft: 830
Beds/Baths: 2/1
$/Sq.Ft:
$33114598.8%
Sale Date: 11/1/2024
603 W Main St #705, Knoxville, TN 37902
Price: $655,000
Sq.Ft: 977
Beds/Baths: 2/2
$/Sq.Ft:
$67029642.3%
Sale Date: 2/5/2025

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