NOT LISTED FOR SALE

Estimated Value: $838,000 - $1,553,000

3 Beds
3 Baths
2,796 Sq Ft
$404/Sq Ft Est. Value

Last Sold August 07, 2017

Last sale price $825,000 $295 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $6,901/month

117 Days on Market

Highlights

  • Deck
  • Walk-In Closet
  • Patio
  • Wet Bar
  • Air Filtration System
  • 3-minute walk to Amphitheatre Under The Walking Bridge

About This Home

As of August 2017

Luxury penthouse living in the heart of Downtown Chattanooga. Ideal Location. Spectacular Views. Private Parking. Literally just steps away from everything downtown has to offer. The Tennessee Aquarium, the riverfront & nationally-known festivals like Riverbend & RiverRocks. Fine dining, eclectic eateries and chic boutiques can all be found in downtown Chattanooga. This Fourth Floor Penthouse has 3 bedrooms, 3 baths & 2,796 square feet. It features a Bose sound system, two covered parking spaces & two storage units. Enter through elegant leaded glass double doors to a room-sized foyer with a floor-to-ceiling water feature. Enjoy downtown views from walls of windows in the massive living room. Marble floors, opulent ceiling treatments, ornate trim, and a lavish fireplace make this open massive living room. Marble floors, opulent ceiling treatments, ornate trim, and a lavish fireplace make this open living space ideal for both formal and casual entertaining. The separate dining room features custom cabinetry and 180 gallon saltwater aquarium. An elegant gourmet kitchen is highlighted by a massive island for casual dining. It has custom cabinetry and commercial grade stainless steel appliances. This is a kitchen befitting of this elegantly luxurious penthouse. A massive and beautifully-appointed master suite has views of the Tennessee Aquarium and cityscape from the wall of windows. The marble floors, finely-designed mill work, custom cabinetry, ceiling treatments and large sitting area make this an ideal urban retreat. Custom carved acanthus-patterned columns anchor the custom millwork in the Master Suite & Living Room. The Master Suite features two separate Luxury Baths - each with a large Master Closet & Dressing Area. No detail was left unattended in these resort spa quality baths or throughout the nearly 3000 square foot penthouse.

Last Agent to Sell the Property

Darlene Brown

Real Estate Partners Chattanooga, LLC Brokerage Phone: 4235950943 License #221532 Listed on: 07/15/2016

Real Estate Partners Chattanooga, LLC

Last Buyer's Agent

Ryan May

Real Estate Partners Chattanooga, LLC License #298465

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,334

Year Built

  • Built in 2001

Lot Details

  • 0.53 Acre Lot
  • Level Lot
  • Irrigation

HOA Fees

  • $503 Monthly HOA Fees

Home Design

  • Property Attached
  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 2,796 Sq Ft Home
  • Property has 3 Levels
  • Elevator
  • Wet Bar
  • Ceiling Fan
  • Gas Fireplace
  • ENERGY STAR Qualified Windows
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Outdoor Gas Grill

Schools

  • Orchard Knob Middle School
  • Howard School Of Academics Technology High School

Utilities

  • Air Filtration System
  • Dehumidifier
  • Humidifier
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 135L B 009 C002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,334

Year Built

Built in 2001

Lot Details

0

HOA Fees

$503 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Other Condo
  • Year Built: 2001
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 4235950943
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s), Elevator, Walk-In Closet(s), Wet Bar, Dehumidifier, Air Filter, Humidifier, Primary Bedroom Main Floor
  • Appliances: Washer, Trash Compactor, Refrigerator, Microwave, Ice Maker, Dryer, Disposal, Dishwasher
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Tile
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Has Basement: Other
  • Building Area Units: Square Feet
  • Living Area: 2796
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Gas Grill, Irrigation System
  • Construction Type: Other, Brick
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No
  • Roof: Built-Up
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association Fee: 6030
  • Association Fee Frequency: Annually
  • Association: Yes
  • Common Interest: Condominium
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Level, Corner Lot, Other
  • Lot Size Acres: 0.53
  • Lot Size Units: Acres
  • Parcel #: 135L B 009 C002
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 8334

MLS Schools

  • High School: Howard School Of Academics Technology
  • Middle Or Junior School: Orchard Knob Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2018
Sold by
Renew Properties Llc
Bought by
Gadd Martin W and Gadd Mary M
Current Estimated Value
$1,128,510

Purchase Details

Listed on
Jul 15, 2016
Closed on
Aug 7, 2017
Sold by
Krause Richard A
Bought by
Webb Gordon E and Webb Janet K
Seller's Agent
Darlene Brown
Real Estate Partners Chattanooga, LLC
Buyer's Agent
Ryan May
Real Estate Partners Chattanooga, LLC
List Price
$875,000
Sold Price
$825,000
Premium/Discount to List
-$50,000
-5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.85%

Purchase Details

Closed on
Aug 28, 2013
Sold by
Krause M D Richard A
Bought by
Renew Properties Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gadd Martin W -- None Available
Webb Gordon E $825,000 First Choice Title Inc
Renew Properties Llc $255,000 First Choice Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krause M D Richard A $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2017 08/07/17 Sold $825,000 -5.7% $295 / Sq Ft
11/09/2016 11/09/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $875,000 -- $313 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,614 $206,250 $0 $0
2023 $4,614 $206,250 $0 $0
2022 $4,614 $206,250 $0 $0
2021 $4,614 $206,250 $0 $0
2020 $4,832 $174,750 $0 $0
2019 $4,832 $174,750 $0 $0
2018 $4,106 $174,750 $0 $0
2017 $4,832 $174,750 $0 $0
2016 $4,542 $0 $0 $0
2015 $8,450 $0 $0 $0
2014 $8,450 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2415224

Realtracs

APN: 135L-B-009-C002