Adorable 2 bedroom, 2 bathroom ground level condo in West Knoxville! New paint and new floors throughout, as well as updated fixtures.
The washer and dryer convey as well as kitchen appliances.
HOA gives access to community features like the pool, clubhouse, and tennis courts. Make this your new dream space in West Knoxville!
Closed
$222,800
8518 Madrid Ct, Knoxville, TN 37923
2beds
1,360sqft
Condominium, Residential
Built in 1975
-- sqft lot
$228,400 Zestimate®
$164/sqft
$1,832 Estimated rent
Home value
$228,400
$215,000 - $242,000
$1,832/mo
Zestimate® history
Owner options
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$1,832/mo
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$1,832/mo
Rent Zestimate®
Refinance and save
$1,516/mo
Est. payment
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$1,516/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Savannah Price 865-947-5000,
Elite Realty,
Tausha Price,
Elite Realty
Bought with:
Kenneth Gathimbi, 364638
Keller Williams
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2982759
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Oven, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup
Features
- Ceiling Fan(s)
- Flooring: Carpet, Laminate
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,360
- Total interior livable area: 1,360 sqft
- Finished area above ground: 1,360
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
- Has view: Yes
- View description: City
Lot
- Size: 435 Square Feet
- Dimensions: 1300 SQ FT
- Features: Level
- Topography: Level
Details
- Parcel number: 133 00104G
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium, Residential
- Attached to another structure: Yes
Materials
- Other, Brick
Condition
- New construction: No
- Year built: 1975
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Palisaides
HOA
- Has HOA: Yes
- Services included: Pest Control, Trash, Maintenance Grounds, Water
- HOA fee: $175 monthly
Location
- Region: Knoxville
Financial & listing details
- Price per square foot: $164/sqft
- Tax assessed value: $113,300
- Annual tax amount: $704
- Date on market: 8/28/2025
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2024 | Sold | $222,800-3.1%$164/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2982759 Report a problem | ||
| 2/28/2024 | Pending sale | $229,900$169/sqft |
Source:  East Tennessee Realtors #1253705 Report a problem | ||
| 2/23/2024 | Listed for sale | $229,900+91.6%$169/sqft |
Source: East Tennessee Realtors #1253705 Report a problem | ||
| 5/24/2022 | Sold | $120,000+60%$88/sqft |
Source: Public Record Report a problem | ||
| 7/29/2013 | Sold | $75,000+25%$55/sqft |
Source: Public Record Report a problem | ||
| 8/8/2005 | Sold | $60,000+23.7%$44/sqft |
Source: Public Record Report a problem | ||
| 11/18/1996 | Sold | $48,500$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $704 | $45,320 |
| 2024 | $704 | $45,320 |
| 2023 | $704 | $45,320 |
| 2022 | $704 +82.9% | $45,320 +149.4% |
| 2021 | $385 | $18,175 -75% |
| 2020 | $385 | $72,700 |
| 2019 | $385 | $72,700 +3.9% |
| 2018 | $385 +1.6% | $70,000 +285.1% |
| 2017 | $379 -6.7% | $18,175 |
| 2016 | $406 | -- |
| 2015 | $406 | -- |
| 2014 | $406 | -- |
| 2013 | $406 -14.9% | -- |
| 2012 | $477 | -- |
| 2011 | $477 | $20,225 |
| 2010 | $477 | $20,225 |
| 2009 | $477 +7.9% | $20,225 +22.9% |
| 2008 | $443 +0% | $16,450 |
| 2007 | $443 | $16,450 |
| 2006 | $443 | $16,450 |
| 2005 | $443 +17.9% | $16,450 +29.8% |
| 2004 | $375 -47.7% | $12,675 |
| 2003 | $717 | $12,675 |
| 2002 | -- | $12,675 |
| 2001 | -- | $12,675 -6.3% |
| 2000 | -- | $13,525 |
Find assessor info on the county website
Neighborhood: 37923
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Nearby schools
GreatSchools rating
- 9/10A L Lotts Elementary SchoolGrades: PK-5Distance: 2.5 mi
- 9/10West Valley Middle SchoolGrades: 6-8Distance: 1.7 mi
- 9/10Bearden High SchoolGrades: 9-12Distance: 0.5 mi
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- Tennessee
- Knox County
- Knoxville
- 37923
- 8518 Madrid Ct
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