NOT LISTED FOR SALE

1227 Mercer St Chattanooga, TN 37351

Estimated Value: $226,000 - $323,000

2 Beds
1 Bath
875 Sq Ft
$296/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $195,000 $223 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,445/month

2 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Tankless Water Heater
  • No HOA
  • Cooling Available
  • Central Heating

About This Home

As of May 2021

This one has to be seen to appreciate! 2 bedrooms and 1 bath of BEAUTIFUL!!! Great location convenient to Downtown and Hixson. Completely updated top to bottom, new roof, new windows, fresh paint, new appliances, new tile shower. Come see it for yourself, don't miss this opportunity!

Last Buyer's Agent

Kelsi Ashburn

Greater Downtown Realty dba Keller Williams Realty License #404143,353903

Greater Downtown Realty dba Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $578

Year Built

  • Built in 1921

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 60x60.4

Interior Spaces

  • 875 Sq Ft Home
  • Property has 3 Levels
  • Crawl Space

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Schools

  • Rivermont Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Cooling Available
  • Central Heating
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • Lupton City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 118K C 039

Home Details

Home Type

Single Family

Est. Annual Taxes

$578

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1921
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Open Floorplan, Primary Bedroom Main Floor
  • Appliances: Refrigerator
  • Fireplace: No
  • Flooring: Finished Wood, Tile
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Has Basement: Crawl Space
  • Building Area Units: Square Feet
  • Living Area: 875
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Other
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

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

Green Features

  • Efficiency: Tankless Water Heater

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size: 60X60.4
  • Lot Size Units: Acres
  • Parcel #: 118K C 039
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 578

MLS Schools

  • Elementary School: Rivermont Elementary School
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
May 13, 2021
Sold by
Equity Trust Company
Bought by
Smith Addison Lee and Ashcraft Delmon Ervin
Buyer's Agent
Kelsi Ashburn
Greater Downtown Realty dba Keller Williams Realty
List Price
$199,999
Sold Price
$195,000
Premium/Discount to List
-$4,999
-2.5%
Current Estimated Value
$259,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,322
Avg. Annual Appreciation
7.39%
Original Mortgage
$191,468
Outstanding Balance
$175,350
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$89,634

Purchase Details

Closed on
Jan 9, 2018
Sold by
Inspire Homes Llc
Bought by
Equity Trust Company Custodian

Purchase Details

Closed on
Apr 12, 1999
Sold by
Hubbard Michael Wayne and Hubbard Karen Janette
Bought by
Hitchcock Peggy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,805
Interest Rate
7.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 12, 1997
Sold by
Suzanne Smith Pauline
Bought by
Hubbard Michael Wayne and Hubbard Karen Janette
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
Smith Addison Lee $195,000 Jones Title Ins Agcy Inc
Equity Trust Company Custodian $29,900 None Available
Hitchcock Peggy $41,900 Secure Title
Hubbard Michael Wayne $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Addison Lee $191,468
Previous Owner Hitchcock Peggy $39,805
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2021 05/17/21 Sold $195,000 -2.5% $223 / Sq Ft
04/18/2021 04/18/21 Pending -- -- --
04/16/2021 04/16/21 For Sale $199,999 -- $229 / 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 $419 $18,750 $0 $0
2023 $419 $18,750 $0 $0
2022 $419 $18,750 $0 $0
2021 $419 $18,750 $0 $0
2020 $317 $11,450 $0 $0
2019 $317 $11,450 $0 $0
2018 $387 $11,450 $0 $0
2017 $317 $11,450 $0 $0
2016 $362 $0 $0 $0
2015 $780 $13,100 $0 $0
2014 $780 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2721465

Realtracs

APN: 118K-C-039