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  • Price cut: $16K (7/29)
    $314,000

    524 Midlake Dr, Knoxville, TN 37918

    3beds
    1,200sqft
    : 
    $1,977/mo
    Get pre-qualified
    Single Family Residence
    Built in 2021
    6,969 Square Feet Lot
    $-- Zestimate®
    $262/sqft
    $-- HOA

    What's special

    Backyard with patioUpdated kitchen
    Turnkey Cash-Flow Investment Property - Lease in Place Until Early Jan 1, 2027. This modern 3-bedroom, 2-bathroom home (built 2021) offers approximately 1,200 sq ft of comfortable living space. Excellent rental history with professional management Open floor plan with bright living area and updated kitchen Master suite with private bath Backyard with patio and ample driveway parking in the rear. Located in the desirable Fountain City area with easy access to I-75, shopping, dining, and downtown Knoxville. This property delivers immediate, predictable income with minimal vacancy risk. The existing lease automatically transfers to the new owner, making this a true turnkey investment opportunity. Perfect for investors seeking stable cash flow. Tenant occupied - shown by appointment only. Serious buyers only- 24 Hour Notice Required Virtual tour and photos have been edited to remove tenant possessions All information is deemed reliable but is not guaranteed. Buyer and Buyer's Agent are responsible for verifying all square footage, lot size, taxes, rental history, and any other material facts.
    64 days
    275
    13

    Zillow last checked:

    Listing updated:

    Listed by:

    Priscilla Wilmoth 865-205-9299,

    United Real Estate Solutions 865-444-2400

    Source: East Tennessee Realtors,MLS#: 1346027MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Microwave, Range, Refrigerator
      Features
      • Flooring: Laminate
      • Basement: Crawl Space
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,200
      • Total interior livable area: 1,200 sqft

      Property

      Parking
      • Parking features: Off Street
      Lot
      • Size: 6,969 Square Feet
      • Features: Corner Lot, Level
      Details
      • Parcel number: 058KB012

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding, Frame
      Condition
      • Year built: 2021

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Fountain City Co
      Location
      • Region: Knoxville

      Financial & listing details

      • Price per square foot: $262/sqft
      • Tax assessed value: $201,500
      • Annual tax amount: $783
      • Date on market: 6/26/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/29/2026Price change$314,000-4.8%$262/sqft
        Source: East Tennessee Realtors #1346027 Report a problem
        7/7/2026Price change$330,000-1.5%$275/sqft
        Source: East Tennessee Realtors #1346027 Report a problem
        6/26/2026Listed for sale$335,000+8.1%$279/sqft
        Source: East Tennessee Realtors #1346027 Report a problem
        12/12/2025Listing removed$1,895$2/sqft
        Source: Zillow Rentals Report a problem
        11/21/2025Price change$1,895-5%$2/sqft
        Source: Zillow Rentals Report a problem
        11/10/2025Price change$1,995-2.4%$2/sqft
        Source: Zillow Rentals Report a problem
        10/24/2025Price change$2,045-4.7%$2/sqft
        Source: Zillow Rentals Report a problem
        9/26/2025Price change$2,145-2.3%$2/sqft
        Source: Zillow Rentals Report a problem
        9/9/2025Listed for rent$2,195$2/sqft
        Source: Zillow Rentals Report a problem
        9/5/2025Sold$310,000-0.8%$258/sqft
        Source: East Tennessee Realtors #1309625 Report a problem
        8/5/2025Pending sale$312,500$260/sqft
        Source: East Tennessee Realtors #1309625 Report a problem
        7/28/2025Price change$312,500-3.8%$260/sqft
        Source: East Tennessee Realtors #1309625 Report a problem
        7/24/2025Listed for sale$325,000+61.2%$271/sqft
        Source: East Tennessee Realtors #1309625 Report a problem
        7/28/2021Sold$201,600+1160%$168/sqft
        Source: Public Record Report a problem
        11/30/2018Sold$16,000+60%$13/sqft
        Source: Public Record Report a problem
        12/4/2002Sold$10,000$8/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$783 $50,375
        2024$783 $50,375
        2023$783 $50,375
        2022$783 +92.9%$50,375 +163.1%
        2021$406 +915%$19,150 +155.3%
        2020$40 $7,500
        2019$40 $7,500 -55.6%
        2018$40 -53.6%$16,900 +801.3%
        2017$86 +1.8%$1,875
        2016$85 --
        2015$85 --
        2014$85 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 37918

        Getting around

        52 / 100
        Somewhat Walkable
        29 / 100
        Some Transit
        31 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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