The Flip Potential of 9427 Ravenwood Cir Knoxville, TN🏡 is medium.
Current Specs
3 Bed / 2.5 Bath
2,396 sqft
$190 per sqft
Estimated Value$455,645
Flip Advice
This 1977 ranch-style home in Knoxville shows promising flip potential. With 2,396 sqft on a generous 14,472 sqft lot, the property's current valuation of approximately $455K represents significant appreciation from its original $65K purchase. The home's location in the desirable 37922 zip code, where comparable properties sell for $217-232 per sqft, suggests room for value-add renovations.
Consider a strategic renovation focusing on modernizing this 48-year-old property. Adding a bedroom or bathroom would yield the highest ROI based on comp data, potentially increasing value by 9-13% ($28K-58K). With median days on market at 50-63 days in this area, a well-executed flip could move quickly while capitalizing on the steady appreciation trend in this neighborhood.
The accuracy of the Frontflip report and its applicability to your circumstances are not guaranteed. This calculator is offered for educational purposes only, and is not a substitute for professional advice. All figures provided by the Frontflip calculator are estimates only and are not reflective of what your actual results may be.
Flip Scenarios
Explore renovation scenarios based on recent comps that could increase the value of 9427 Ravenwood Cir: