#1305133, Listing office: LPT Realty, LLC
$285,000 List price
3316 Lay Ave Knoxville, TN 37914
3 beds
1 full, 1 partial
1,484 sqft
0.3 acres
$192 / sqft
House
Property details
About 3316 Lay Ave
Welcome to this adorable basement rancher nestled in the downtown Knoxville area. This delightful home boasts an array of fresh updates and thoughtful features that make it truly special. Enjoy peace of mind with a sturdy, BRAND NEW ROOF and new gutters. The newly finished basement is enhanced with custom shelving, cabinets, bookcases, a dedicated craft area and a handy utility sink—perfect for hobbies and storage. The kitchen has been updated with painted cabinets and an added pantry area. Custom-built cabinets in the living room add style and functionality, offering ample storage. A cozy bench paired with shelving in the quaint dining room creates an inviting place to congregate and a cute coffee nook. Newly built pergola and patio off the basement entrance—serenity at its finest. This thoughtfully designed outdoor space offers the perfect retreat for relaxation and entertaining alike. Refreshed front and back landscaping - check out the garden areas in the back. Fresh paint throughout most of the interior adds a clean, updated look, and added shelving in the hall closet maximizes organization. A new vent with a humidity sensor in the full bathroom ensures optimal comfort. A door has been added to the unfinished area in the basement, along with shelving, providing additional storage. This home is a wonderful blend of original charm and functional updates. Don't miss the opportunity to make this beautifully refreshed basement rancher your own! The new roof is shingle with a transferrable warranty to the buyer(s) - labor is for 2 years and the shingles themselves are for 15 years.
Highlights
Home typeSingle Family Residence
HeatingCentral, Electric
StatusActive
CoolingCentral Air
Size1,484 sqft
BasementYes
Lot size0.27 Acres
Year built1971
ParkingOn-Street Parking, Off-Street Parking, Basement, Other
MLS #1308791
WaterfrontOther
ViewOther, City
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Range
- Basement: Yes
- Flooring Type: Vinyl
- Interior: Pantry
- Fireplace: None
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: On-Street Parking, Off-Street Parking, Basement, Other
- Waterfront: Other
- View: Other, City
- Architectural Style: Traditional
- Heating: Central, Electric
- Cooling: Central Air
- List Price: $285,000
- Price/SqFt: $192
- HOA Amount: $0
- Annual Tax Amount: $1,730
- Tax Year: 2023
- Lot: Other, Level, Rolling/Hilly
- Directions: Please enter the address into your GPS of choice. Head northeast on E Magnolia Ave; Turn right onto N Castle St; Turn left onto Lay Ave; Property will be on your right. Gravel driveway; sign on property.
- Year Built: 1971
- Living Area: 1,484 SqFt
- Lot Size: 0.27 Acres
- MLS Number: 1308791
- MLS Name: East Tennessee REALTORS® MLS
- Office Name: Realty Executives Associates
- Office Phone: (865) 588-3232
- Office Email: JIMEOAKLEY@GMAIL.COM
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/22/2025, 8:40:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 24, 2023 | Home Sold | $200,000 |
| Aug 23, 2022 | Home Sold | $80,000 |
| Aug 04, 2000 | Home Sold | $26,000 |
| Jun 01, 1995 | Home Sold | $27,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $46,625 | $1,730 |
| 2022 | $21,475 | $796 |
| 2020 | $9,750 | $447 |
| 2019 | $9,750 | $447 |
| 2017 | $9,750 | $447 |
History based on county public records data.
Nearby schools
2
Sarah Moore Greene Magnet Academy
Public Magnet PK-5
0.5 mi
•3001 Brooks Ave
3
Chilhowee Intermediate School
Public District 3-5
1.8 mi
•5005 Asheville Hwy
3
Spring Hill Elementary School
Public District PK-5
2.0 mi
•4711 Mildred Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $32,667. Most Knoxville, TN residents have annual incomes less than $<35k. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
53%
<35k
40%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
52%
Single, No Kids
23%
Single, with Kids
18%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
10%
12-17 yrs old
17%
18-34 yrs old
40%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Pro Boxing
Horse Races
Where do the neighbors shop?
Big Lots
Family Dollar
Stein Mart
Where do the neighbors go to eat?
Golden Corral
White Castle
LongHorn Steakhouse
What do the neighbors drive?
Kia
Chevrolet
Buick
What do the neighbors listen to?
Adult Standards
Rock
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3316 Lay Ave
The listing price of 3316 Lay Ave property is $285,000.
The property 3316 Lay Ave is a house located in Knoxville, Tennessee, 37914.
Active Listing: 3316 Lay Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3316 Lay Ave are: Sarah Moore Greene Magnet Academy (GreatSchools Rating 2/10), Chilhowee Intermediate School (GreatSchools Rating 3/10), Spring Hill Elementary School (GreatSchools Rating 3/10), Vine Magnet Middle School (GreatSchools Rating 2/10), Holston Middle School (GreatSchools Rating 4/10), Whittle Springs Middle School (GreatSchools Rating 3/10), Austin-East Magnet High School (GreatSchools Rating 2/10), Fulton High School (GreatSchools Rating 3/10), L N STEM Academy (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $1,730 (source: MLS/based on county public records data).
The last sale was on January 24, 2023 for $200,000 (source: MLS/tax record).
The property at 3316 Lay Ave has 3 bedrooms and 1 full and 1 half bathrooms.
The property 3316 Lay Ave is 1,484 SqFt (source: MLS/tax record).
The year of construction for 3316 Lay Ave is 1971.
This home is located at 3316 Lay Ave in Knoxville, TN and zip code 37914 in the Oakland Park neighborhood. This 1,484 square foot home, which was built in 1971, sits on a 0.27 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 17, 2025 and is currently priced at $285,000.
In June 2025 more than 126 listings in Knoxville, TN were sold above the asking price. During the same period more than 181 listings were sold at asking price, while more than 344 were sold below. The inventory of homes for sale in Knoxville, TN between May and June 2025 decreased by 5.4%. While the average time on the market in June 2025 was 34 days, the median list price was $388,575.
From Rocket Homes Real Estate and based on county public records data.