1616 Velma Rd
Athens, TN 37303
3 bd 2 ba 1,593 sqft Built 1959 Lot 22,651 sqft single_family
Most recent sale
$270,000
Feb 29, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 29, 2024 | Sold | $270,000 | RiverCounties |
| Feb 9, 2024 | Listing removed | — | TenantTurner |
| Jan 22, 2024 | Price changed | $269,900 | RiverCounties |
| Jan 2, 2024 | Price changed (rent) | $1,850 | TenantTurner |
| Dec 5, 2023 | Price changed (rent) | $1,995 | TenantTurner |
| Nov 29, 2023 | Price changed | $274,900 | RiverCounties |
| Oct 25, 2023 | Listed for rent | $2,400 | TenantTurner |
| Oct 18, 2023 | Price changed | $299,900 | EastTennessee |
| Oct 12, 2023 | Price changed | $319,000 | RiverCounties |
| Sep 25, 2023 | Price changed | $329,000 | RiverCounties |
| Sep 15, 2023 | Listed | $349,000 | RiverCounties |
| Apr 21, 2023 | Sold | $170,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $26,800 | $776 |
| 2021 | — | — | $26,800 | $776 |
| 2020 | — | — | $26,800 | $755 |
| 2019 | — | — | $26,800 | $755 |
| 2018 | — | — | $26,800 | $755 |
| 2017 | — | — | $27,125 | $808 |
| 2016 | — | — | $27,125 | $808 |
| 2015 | — | — | $27,125 | $839 |
| 2014 | — | — | $27,125 | $745 |
| 2013 | — | — | $27,125 | $745 |
| 2012 | — | — | $28,350 | $757 |
| 2011 | — | — | $28,350 | $757 |
| 2010 | — | — | $28,350 | $757 |
| 2009 | — | — | $28,350 | $757 |
| 2007 | — | — | $23,000 | $734 |
Property facts
Year built
1959
Property type
single_family
Stories
—
Beds
3
Baths
2
Living area
1,593 sqft
Lot size
22,651 sqft
ZIP code
37303
City
Athens
Street
Velma Rd
Coordinates
35.45702, -84.61103
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,390
Gross rental yield
10.62%
Implied cap rate
6.90%
Trend-extrapolated value
—
Frequently asked questions
When did 1616 Velma Rd last sell?
1616 Velma Rd most recently sold on Feb 29, 2024 for $270,000.
What is the current tax assessment for 1616 Velma Rd?
The most recent total assessment for 1616 Velma Rd (year 2022) is $26,800 with $776 in property tax.
How does 1616 Velma Rd's assessment compare to its last sale price?
The current assessment is 90.1% below the last sale price of $270,000.
When was 1616 Velma Rd built?
1616 Velma Rd was built in 1959.
How does 1616 Velma Rd compare to others on Velma Rd?
We track 7 other properties on Velma Rd. Browse the list under "Other properties on Velma Rd" to compare beds, baths, and sale history.
What are the property facts for 1616 Velma Rd?
1616 Velma Rd is a 3 bed, 2 bath, 1,593 sqft, 22,651 sqft lot single_family.
Is 1616 Velma Rd a flip candidate?
Yes — 1616 Velma Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1616 Velma Rd a tax-appeal candidate?
No — 1616 Velma Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.3%
Implied 1-yr
+9.1%
2026 Q3
$334.5K
2026 Q4
$341.2K
ZIP 37303 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Velma Rd