Sold for $400,000

$400,000

512 Balsam Dr, Knoxville, TN 37918

--beds

0baths

1,994sqft

Multi Family

Built in 1935

-- sqft lot

$403,500 Zestimate^®

$201/sqft

$1,572 Estimated rent

Home value

$403,500

$375,000 - $432,000

$1,572/mo

Zestimate^® history

Owner options

List your home for rent

$1,572/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,572/mo

Rent Zestimate^®

Refinance and save

$2,296/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$2,296/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

New plumbing

512 Balsam Drive contains 3 units total. This includes a duplex and detached unit located on one lot in the heart of Fountain City. One unit is 3 bedroom, 1 bathroom. The other two units are studio style apartments. Owner pays utilities. All units have recent renovations including new kitchens and bathrooms with new plumbing and electrical. The roof was replaced this year. All units are currently occupied. Owner/Agent.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Central

Cooling

Central Air

Features

Flooring: Laminate, Hardwood, Vinyl

Interior area

Total structure area: 1,994
Total interior livable area: 1,994 sqft

Property

Parking

Parking features: On Premise Parking

Lot

Size: 0.29 Acres
Dimensions: 90 x 140

Details

Parcel number: 058KA013

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Other

Condition

Year built: 1935

Community & HOA

Community

Subdivision: Fountain City Co Pt 6

Location

Region: Knoxville

Financial & listing details

Price per square foot: $201/sqft
Tax assessed value: $231,800
Annual tax amount: $1,441
Date on market: 6/10/2025
Listing terms: New Loan,Cash,Conventional

Price history

Date	Event	Price
7/2/2025	Sold	$400,000-5.9%$201/sqft
Source: East Tennessee Realtors #1304148 Report a problem
6/13/2025	Pending sale	$425,000$213/sqft
Source: East Tennessee Realtors #1304148 Report a problem
6/10/2025	Listed for sale	$425,000$213/sqft
Source: East Tennessee Realtors #1304148 Report a problem
4/29/2025	Listing removed	$425,000$213/sqft
Source: East Tennessee Realtors #1278340 Report a problem
1/27/2025	Listed for sale	$425,000$213/sqft
Source: East Tennessee Realtors #1278340 Report a problem
1/6/2025	Pending sale	$425,000$213/sqft
Source: East Tennessee Realtors #1278340 Report a problem
11/26/2024	Listed for sale	$425,000$213/sqft
Source: East Tennessee Realtors #1278340 Report a problem
10/10/2024	Pending sale	$425,000$213/sqft
Source: East Tennessee Realtors #1278340 Report a problem
10/3/2024	Listed for sale	$425,000+28.8%$213/sqft
Source: East Tennessee Realtors #1278340 Report a problem
11/30/2023	Sold	$330,000-5.7%$165/sqft
Source: East Tennessee Realtors #1239279 Report a problem
11/1/2023	Pending sale	$349,900$175/sqft
Source: East Tennessee Realtors #1239279 Report a problem
10/13/2023	Price change	$349,900-12.3%$175/sqft
Source: East Tennessee Realtors #1239279 Report a problem
10/2/2023	Price change	$399,000-6%$200/sqft
Source: East Tennessee Realtors #1239279 Report a problem
9/24/2023	Price change	$424,500-0.1%$213/sqft
Source: East Tennessee Realtors #1239279 Report a problem
9/11/2023	Listed for sale	$425,000+286.4%$213/sqft
Source: East Tennessee Realtors #1239279 Report a problem
4/28/2020	Listing removed	$650
Source: Zillow Rental Manager Report a problem
4/25/2020	Listed for rent	$650
Source: Zillow Rental Manager Report a problem
1/28/2019	Sold	$110,000-4.3%$55/sqft
Source: Public Record Report a problem
12/29/2006	Sold	$115,000$58/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,441	$92,720
2024	$1,441 +181.4%	$92,720 +181.6%
2023	$512	$32,925
2022	$512 -15.7%	$32,925 +15%
2021	$607	$28,625 -75%
2020	$607	$114,500
2019	$607	$114,500 -46.7%
2018	$607 -13.9%	$215,000 +651.1%
2017	$705 -55%	$28,625
2016	$1,566	--
2015	$1,566	--
2014	$1,566 +7.2%	--
2013	$1,460 +110.8%	--
2012	$693	--
2011	$693	$29,350
2010	$693	$29,350
2009	$693 +100.8%	$29,350 +128.8%
2008	$345	$12,825
2007	$345 -51.1%	$12,825
2006	$705	$12,825
2005	$705 -13.2%	$12,825 -5.2%
2004	$813 +6.2%	$13,525
2003	$766	$13,525
2002	--	$13,525
2001	--	$13,525 +4.2%
2000	--	$12,975