505 Broadberry Ave Oak Ridge, TN 37830

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3 beds · 3 baths · 2,612 sq ft · Lot Size: 7,210 sq ft · Single Family Home
Est. Property Value: $356,757

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505 Broadberry Ave is in the 37830 neighborhood of Oak Ridge, TN. It is located in Anderson County and ZIP code 37830. This Single Family Home was built in 2018 and is approximately 7 years old. The single family home spans 2612 sq ft with 3 bedrooms and 3 bathrooms and sits on a 7210 sq ft lot. According to public records, it was last sold in 2021 for $349,900 and has a tax-assessed value of $257,300, which is $137 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 505 Broadberry Ave Oak Ridge, TN 37830 with Property Intel by Whitepages.

Owners & Occupancy for 505 Broadberry Ave

This property is owned by Roy V Leblanc. Owner contact information includes 1 phone number and 2 email addresses.

Property Owners

Residence*************
Landline(907) 694-8570
Distance from Property**********
Email Address************@hotmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 50
Resident 2************* age 54

Property Financials for 505 Broadberry Ave

505 Broadberry Ave, Oak Ridge, TN has a mortgage from Movement Mtg Llc (orig. November 18, 2021). The Anderson county assessment for 2024 values it at $257,300, with annual taxes of $2,984.

Mortgage & Equity Information

Loan Amount$******
LenderMovement Mtg Llc
Origination DateNovember 18, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateNovember 18, 2021
Property Tax Amount$2,984 in 2024
Purchase Price$349,900
Assessed Value$257,300 on 2024

Investment Potential for 505 Broadberry Ave

The property has a current estimated value of $356,757, which is 21% above the zip median, based on public records. It last sold on November 18, 2021 for $350K. Projected long-term
is $33,000 annually ($2,750 per month) with a 85% occupancy rate.

Discover more Single Family Homes in 37830.

Long-Term

Gross Rental
$33,000 per year($2,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
85%in 37830 zip code
 
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Property Details for 505 Broadberry Ave

Property Details

Property Sq Ft

Living Area

2,612 sq ft

44% above market

Lot Size

7,210 sq ft

66% below market

Price Per Sq Ft

Living Area

$137 / sq ft

4% below market

Lot Size Area

$49 / sq ft

233% above market

Property condition, age, exterior, etc. for 505 Broadb…
Longitude: -84.425314 Latitude: 35.907925 Parcel Number (APN): 039J-C-003.00…

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Market Benchmarks

Compare data for 505 Broadberry Ave in Anderson County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$356,757
$285,935
$70,822 (25%)
$348,121
$144,118 (41%)
YoY Price Change
0.67%
123%
Year Built
2018
1981
37 years
Living Space
2,612 sq ft
1,608 sq ft
1004 (62%)
$ Per Living Sq Ft
$137
$167
-$30 (-18%)
Lot Size
7,210 sq ft
10,890 sq ft
-3680 (-34%)
$ Per Lot Sq Ft
$49
$22
$28 (129%)

Net Operating Income
$17,519
$5,480 (31%)
Annual Revenue
$33,000
$25,200
$7,800 (31%)
$6,963
$3,038 (44%)
Net Operating Income
$17,519
$5,480 (31%)
Cap Rate
6.37%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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