NOT LISTED FOR SALE

1109 Meroney St Unit Lot 11 Chattanooga, TN 37405

Northshore Neighborhood

Estimated Value: $1,669,340 - $1,726,000

4 Beds
5.5 Baths
4,825 Sq Ft
$352/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $1,123,500 $233 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $9,857/month

9 Days on Market

Highlights

  • Deck
  • Separate Formal Living Room
  • Porch
  • Wood Flooring
  • No HOA
  • 2 Car Attached Garage

About This Home

As of July 2020

Discover the difference and really live the dream as you invest in the quality of yours and your family's life in Magnolia One, North Chattanooga's newest gated residential community. In Magnolia One, convenience becomes your way of life placing you within five minutes or less of where you work and play while being surrounded in the lush, green vistas of Chattanooga's Scenic City. Already strong and established, Magnolia One is beginning to crawl with new life as its 28 residential sites begin each family's journey to home. The gated entrance will reduce traffic providing added comfort of secure play with sidewalks inviting evening walks surrounded by park like summer days. Focusing on casual lifestyles with seamless, open plans from living areas to kitchens while always sensitive to the artful detail of sophisticated style and technology. North Chattanooga's Magnolia One strives not only to make life more convenient but also easier and more attractive to call home. Masterfully crafted finishes and efficiency that lives more comfortably, more quietly and long term, most cost effectively. Magnolia One is living greener - inside and out. ** One time $400 transfer of HOA paid by Buyer at closing with first month's HOA Fee. This home is new construction that will not be complete until Summer 2020.

Last Agent to Sell the Property

Linda Brock

Real Estate Partners Chattanooga, LLC Brokerage Phone: 4233644663 License #258780 Listed on: 01/27/2020

Real Estate Partners Chattanooga, LLC

Co-Listed By

Kevin Wamack

Real Estate Partners Chattanooga, LLC Brokerage Phone: 4233644663 License #324312

Last Buyer's Agent

Linda Brock

Real Estate Partners Chattanooga, LLC Brokerage Phone: 4233644663 License #258780 Listed on: 01/27/2020

Real Estate Partners Chattanooga, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,765

Year Built

  • Built in 2020

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 46x85
  • Level Lot
  • Irrigation

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Property has 3 Levels
  • Elevator
  • Wet Bar
  • Gas Fireplace
  • ENERGY STAR Qualified Windows
  • Separate Formal Living Room
  • Den with Fireplace
  • Fire and Smoke Detector
  • Property Views
  • Finished Basement

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Normal Park Museum Magnet Elementary And Middle School
  • Red Bank High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • Magnolia One Subdivision

Listing and Financial Details

  • Assessor Parcel Number 126L M 001

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,765

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2020
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: NEW
  • ResoPropertyType: Residential
  • Attribution Contact: 4233644663
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Interior Amenities: Elevator, Entry Foyer, High Ceilings, Walk-In Closet(s), Wet Bar
  • Appliances: Refrigerator, Microwave, Ice Maker, Disposal, Dishwasher
  • Fireplace Features: Den, Gas, Family Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Finished Wood, Tile
  • Total Bedrooms: 4
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 3762
  • Below Grade Sq Ft: 1063
  • Building Area Units: Square Feet
  • Living Area: 4825
  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Garage Door Opener, Irrigation System
  • Construction Type: Fiber Cement, Brick
  • Patio And Porch Features: Deck, Patio, Porch
  • Pool Private: No
  • Roof: Asphalt
  • View: Mountain(s)
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 2

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Amenities: Sidewalks
  • Association: No
  • Senior Community: No

Green Features

  • Efficiency: Tankless Water Heater, Windows

Lot Info

  • Lot Features: Level, Other
  • Lot Size Acres: 0.09
  • Lot Size: 46X85
  • Lot Size Units: Acres
  • Parcel #: 126L M 001
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Normal Park Museum Magnet School
  • High School: Red Bank High School
  • Middle Or Junior School: Normal Park Museum Magnet School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2022
Sold by
Gard Joel B and Gard Erin N
Bought by
Cheng Henry and Cheng Virginia
Current Estimated Value
$1,697,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Outstanding Balance
$1,244,260
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$453,575

Purchase Details

Listed on
Jan 27, 2020
Closed on
Jul 5, 2020
Sold by
Megnolia Investors Llc
Bought by
Gard Joel B and Gard Erin N
Seller's Agent
Linda Brock
Real Estate Partners Chattanooga, LLC
Buyer's Agent
Linda Brock
Real Estate Partners Chattanooga, LLC
List Price
$1,068,500
Sold Price
$1,123,500
Premium/Discount to List
$55,000
5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.54%
Original Mortgage
$854,800
Interest Rate
3.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Cheng Henry -- None Listed On Document
Cheng Henry -- None Listed On Document
Gard Joel B $1,068,500 Cumberland Ttl & Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cheng Henry $1,320,000
Closed Cheng Henry $1,320,000
Previous Owner Gard Joel B $224,000
Previous Owner Gard Joel B $854,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2020 07/24/20 Sold $1,123,500 +5.1% $233 / Sq Ft
02/05/2020 02/05/20 Pending -- -- --
01/27/2020 01/27/20 For Sale $1,068,500 -- $221 / 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 $5,765 $257,675 $0 $0
2023 $5,765 $257,675 $0 $0
2022 $5,765 $257,675 $0 $0
2021 $5,765 $257,675 $0 $0
2020 $2,343 $26,250 $0 $0
2019 $726 $26,250 $0 $0
2018 $1,324 $26,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2421468

Realtracs

APN: 126L-L-001