Fully rented duplex less than 2 miles from University of Tennessee

Posted by Jim Lee, REALTOR® @ 1:27 pm, August 24th, 2008  

Here’s a great investment opportunity for the parents of a student or anyone looking for a modestly priced real estate investment opportunity.

This Sutherland Avenue duplex at 3720 Cate Avenue is currently fully rented, bringing in a gross monthly rental of $1,080 and is priced on only $88,500!

The upstairs unit has 2 bedrooms and 1 bath and is leased for 6 months at $625.00 per month while the 1 bedroom, 1 bath downstairs unit is rented month to month for $455.00. MLS number 629816
sutherland avenue duplex close to UT, contact Jim Lee, Knoxville area Realtor for more information.

The University of Tennessee campus is less than 2 miles east and can be reached by car or by bike on the Third Creek  Greenway/Bike Path.

knoxville Tennessee, third creek greenway & bike path

Upstairs was recently re-painted and the hardwood flooring refinished.

knoxville tn duplex with glowing hardwood flooring

CLICK HERE for a VisualTour of this listing.

Call or email me to arrange a convenient time for you to see this terrific investment opportunity or home for your student that will partially pay for itself.
Visit www.KnoxvilleHomeCenter.com for a virtual tour of this “Featured Home” and search all other Knoxville Realtor listings of single family homes, condos, and investment properties.

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Here’s 4 quick ways to make your Knoxville, Tennessee area home sell………………

Posted by Jim Lee, REALTOR® @ 9:59 am, August 20th, 2008  

and likely sell much faster for a better price.

Studies have shown that homes in better condition than their competition sell over 50% faster and for almost 7% more money than competing homes in the same areas and price ranges.

Here’s Quick Way Number 1: Get rid of some of your “stuff”. Rooms overcrowded with furniture, books, magazines, bric a brac, and generally too much stuff, look much smaller than they actually are. Pack up the stuff you’re not using on a day to day basis like photos, mementoes, trophies, art, statues, etc., and get them out of the room. Buyers will overlook stacks of packed boxes because they know you’re moving. Buyers will not overlook a room so full of stuff they can’t more around or see themselves living there.

Quick Way Number 2: Give your house a thorough and deep cleaning from the top to the bottom! Everything must shine and be in good repair. Dust areas that don’t get routine housecleaning attention like baseboards, crown molding, upper corners where walls meet the ceiling including light fixtures and ceiling fans. If walls are too soiled to wipe off a fresh coat of paint is a cheap fix and brings you much more dollar return than the cost of the paint. Buyer like fresh, clean houses in good repair. the less they feel they have to do when they buy a house they more they’re generally willing to pay for it.

Compare the two photos below. The room with the dirty floor, walls, and bare light bulb hanging down is still for sale after a price reduction. Not surprisingly the room below that is in sale pending after only a short time on the market.

dirty rooms are not good selling features

knoxville tn real estate tennessee national golf and waterfront community in Loudon County south of Knoxville

Quick Way Number 3: Arrange your furniture like a model home with only one or two large pieces in most rooms and only the bare minimum accessory pieces such as end tables and lamps. Sparsely furnished rooms appear larger because buyers can see more of the room.

Quick way number 4: Consider bringing in a professional to “stage” your home. Staging is not interior decorating or design. Staging is depersonalizing your home, detailing, decluttering, and giving it a “model home” appearance so prospective buyers can see themselves living there. Statistically, staged homes can be demonstrated to sell for almost 7% more with 50% less marketing time than non stated houses!

As an Accredited Property Image Consultant I have taken special training to stage homes. Contrast the two rooms before; the top one is before I staged this room and below it is after.

Visit www.KnoxvilleHomeCenter to see some more tips on how to prepare your home to sell more quickly for more money.

Please call or email with questions or for a free staging or marketing consultation. I offer my staging services at no additional cost to my seller clients.

Downtown Knoxville gets affordable bicycle rental stand

Posted by Jim Lee, REALTOR® @ 3:05 am, August 20th, 2008  

I read a news article recently where River Sports received a contract from the City of Knoxville to operate a bike rental stand at Volunteer Landing on the Tennessee River and just below the City and County Building downtown.

This is a great bike area because it’s really flat along the river and also the east end of the Third Creek Greenway/Bike path which now runs down into Bearden.

You can rent a bike for just 10 bucks for a 2 hour spin or 30 bucks for an all day adventure.

Great for non bike owners or if you just want to take a quick ride without the hassle of transporting your bike there.

bike rentals near downtown Knoxville

Located near Calhoun’s on the River and Ruth’s Chris Steakhouse if you want a little snack after your ride.

Knoxville, Tennessee home sales

Posted by Jim Lee, REALTOR® @ 9:20 am, August 13th, 2008  

The week of August 10th showed a total of 281 closed real estate transactions in the Knox County Registrar of Deed’s office.

new construction in farragut

This new construction home in Farragut closed at $$286,000
$1,000,000+                   5 closed sales

$500,000-$1,000,000     15

$300,000-$500,000        35

$200,000-$300,000        50

$150,000-$200,000        58

$100,000-$150,000        55

$50,000  -$100,000        38

Under $50,000               25

Total                            281

hardin valley tennessee knoxville homes for sale and sold jim lee, knoxville realtor

This new home in Hardin Valley sold for $1,480,000………

fountain city home with spectacular views of knoxville, Knox county, and the Great smoky mountains national park

This Fountain City home with spectacular views  closed at $800,000

west knoxville home totally refurbished

This 3 bedroom, 2 bath west Knoxville home was totally refurbished and closed at $150,000

There are some outstanding housing buys in all price ranges available now along with very attractive interest rates.

Visit KnoxvilleHomeCenter.com and pick out one for you and your family.

Please call (865) 693-3232 or email with any Knoxville area real estate questions.

It’s election time in Knoxville, Tennessee

Posted by Jim Lee, REALTOR® @ 7:21 am, August 5th, 2008  

This coming Thursday, August 7th, is an official, election day in Knoxville, Tennessee.

There are actually 3 elections going on Thursday; a county wide election, a city election, and a federal primary election in addition to a couple of local ordinances, and some state judicial retention questions, i.e. “shall we re-elect and keep the following judges?”.

vote August 7th

It’s a fairly long ballot so you would do well to get a copy beforehand and study the candidates and issue before you go to the polls to make your voting process as smooth as possible.

You don’t have to vote in all three elections if you don’t choose to; you can vote in any combination of the three elections or even only vote for one candidate but I recommend voting the entire ballot. After all, that is what you came for.

You should already be registered; if you’re not it’s too late to register to vote in this upcoming election but not the presidential election in November.

When you enter the polling place you should vote in (click here to see where you vote) you will be handed an application for ballot that you fill out with your name and address and sign.

Once the registrar verifies your address and eligibility to vote you give your application to one of the machine operators who will direct you to the next available voting machine.

Read over the ballot carefully and make sure you’re voting for the candidates and issues the way you want to vote.

After voting you press the “Cast Ballot” button on the bottom of the machine and when you see the American Flag waving on your screen you’re done.

Election workers will be on hand to help and answer questions about the mechanics of voting but they can’t make your choices for you or recommend candidate so you need to do your homework before you get to the polls.

The Knox County Election Commission has an excellent website that will answer most any question you may have and also let’s you see a sample ballot.
I plan to work at the Bearden High School polls so if you live in that district I may see you on election day.

don't forget to vote on August 7th

Don’t forget to vote; it’s your right and your duty as a citizen.