Check out this property assessment. It is valued residentially at $136,700. Remember that the Knox County Property Assessor has just completed the entire county reassessment. The Powell area had a lot of increases in property values.
This property is immediately across the road from the St. Mary’s Hospital and St. Mary’s Health and Fitness. 27 acres with access to all utilities, immediate access to City of Knoxville and is valued RESIDENTIALLY at $136,700. The property is similar to property that Costco recently acquired, built and opened in West Knoxville and that property is over $5.0 million.
As a matter of fact, Ridenour Realty has this property marketed as Commercial, check it out here. Call them up and offer them $136,700 with the justification that this all that Knox County and they believe it is worth. Surely the property owner would go to the county and admit it is under appraised.
Maybe, I should pull Ballard financial disclosures and see if there are any campaign contributions to Ballard from Ridenour.
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