$40,000
SOLD NOV 21, 2013

141 Homestead St NE Cleveland, TN 37323

3 Beds
1 Bath
1,028 Sq Ft
1.41 Acres

Recently Sold

$39 Per Sq Ft

11% Below List Price

28 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Bathtub with Shower
  • Wood Flooring
  • Screened Porch
  • Living Room

About This Home

As of January 2025

BUYER TO VERIFY SQUARE FOOTAGE. $45,000 141 Homestead St NE Cleveland TN 37323 3 bedroom 1 ba 1092 sq feet in this 1977 year built split level on large corner lot in a quiet section of northeast Cleveland! 5 min access to major travel freeway I75 off Paul Huff Parkway! This HUD HOME, case 481-270631 home is not eligible for FHA 203(b) but is eligible for 203(k) rehab loan. 1st 7 days on market home in Lottery Round available to nonprofit and government agencies. For information on HUD HOMES go to www.hudpemco.com & www.hudhomestore.com. To place an offer on a HUD Home, the buyer must use a HUD registered Selling Broker/Agent to enter a bid. Buyer responsible for replacing any missing utility meters. Information provided in the MLS is taken from tax records and property observation and is p rovided as a general guideline but is not guaranteed. Buyer is advised to perform inspections and verify all information.

Last Agent to Sell the Property

Jennifer Newton

Crye-Leike, REALTORS License #268704 Listed on: 09/28/2013

Crye-Leike, REALTORS

Last Buyer's Agent

Kathy McCracken

New Venture Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $506

Year Built

  • Built in 1977

Lot Details

  • Lot Dimensions are 199.6x297.7
  • Level Lot

Parking

  • 1 Car Garage
  • Basement Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 1,028 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room
  • Screened Porch
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Schools

  • Michigan Avenue Elementary School
  • Ocoee Middle School
  • Walker Valley High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Homestead Acres Subdivision

Listing and Financial Details

  • HUD Owned
  • Assessor Parcel Number 051G A 003.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$506

Year Built

Built in 1977

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 199.6X297.7
  • Subdivision Name: Homestead Acres
  • Directions: I75N to Cleveland's Paul Huff Parkway Exit 27, R off exit, stay on Paul Huff about 3.5 mi (it changes name: becomes Stuart Rd, then Peach Orchard Hill Rd NE), make L on Corvin Rd NE, R Homestead Rd NE, home on R.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 1028.0
  • New Construction: No
  • Year Built: 1977
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 051G A 003.00
  • Location Tax and Legal Elementary School: Michigan Avenue Elementary
  • Location Tax and Legal Middle Or Junior School2: Ocoee Middle
  • Location Tax and Legal High School: Walker Valley High
  • Location Tax and Legal:Tax Annual Amount: 506.0
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Dimensions: 199.6X297.7
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Hardwood: Yes
  • Interior Features Tub Shower Combo: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Special Listing Conditions HUD Owned: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Open Floorplan, Tub/shower Combo
  • Basement:Unfinished: Yes
  • Full Basement: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Patio And Porch Features: Porch, Porch - Screened
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Basement
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Basement: Yes

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Michigan Avenue Elementary
  • High School: Walker Valley High
  • Middle Or Junior School: Ocoee Middle

Lot Info

  • Additional Parcels: No
  • Parcel #: 051G A 003.00

Tax Info

  • Tax Annual Amount: 506.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Jan 8, 2025
Sold by
Arrowood Sean E
Bought by
Carter Blake
Seller's Agent
Dave Goodyear
Greater Downtown Realty dba Keller Williams Realty
List Price
$205,000
Sold Price
$205,000
Views
55
Current Estimated Value
$211,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,866
Avg. Annual Appreciation
5.12%
Original Mortgage
$6,000
Outstanding Balance
$4,880
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$206,986

Purchase Details

Closed on
May 4, 2022
Sold by
Arrowood Joseph G and Arrowood Linda K
Bought by
Arrowood Sean E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,102
Interest Rate
4.42%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 2014
Sold by
Wilson Hank W
Bought by
Arrowood Joseph G and Arrowood Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,170
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 28, 2013
Closed on
Nov 15, 2013
Sold by
Secretary Of Housing And U
Bought by
Wilson Hank W
Seller's Agent
Jennifer Newton
Crye-Leike, REALTORS
Buyer's Agent
Kathy McCracken
New Venture Realty
List Price
$45,000
Sold Price
$40,000
Premium/Discount to List
-$5,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.17%

Purchase Details

Closed on
Aug 28, 2013
Sold by
Tennessee Housing Developm
Bought by
Secretary Of Housing And Urgan and C/O Mcb Oklahoma Mcm Office

Purchase Details

Closed on
Jul 10, 2013
Sold by
Bradshaw Christopher Gene
Bought by
Tennessee Housing Development

Purchase Details

Closed on
Apr 2, 2008
Sold by
Gentry John Daniel
Bought by
Bradshaw Christopher Gene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,216
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 1996
Sold by
Goad Rebecca J
Bought by
Gentry John
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $205,000 Conveyance Title And Escrow In
Warranty Deed $160,000 Equi Title
Warranty Deed $101,000 --
Special Warranty Deed $40,000 --
Warranty Deed $81,120 --
Deed $81,120 --
Deed $100,000 --
Deed $51,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,000 New Conventional
Open $201,286 New Conventional
Previous Owner $157,102 FHA
Previous Owner $99,170 FHA
Previous Owner $99,216 Purchase Money Mortgage
Previous Owner $84,000 No Value Available
Previous Owner $21,000 No Value Available
Previous Owner $84,150 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2025 01/08/25 Sold $205,000 0.0% $199 / Sq Ft
11/21/2024 11/21/24 For Sale $205,000 +412.5% $199 / Sq Ft
11/21/2013 11/21/13 Sold $40,000 -11.1% $39 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
09/27/2013 09/27/13 For Sale $45,000 -- $44 / Sq Ft
Source: Greater Chattanooga REALTORS®

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 $653 $36,750 $4,025 $32,725
2023 $653 $36,750 $4,025 $32,725
2022 $653 $36,750 $4,025 $32,725
2021 $653 $36,750 $0 $0
2020 $532 $36,750 $0 $0
2019 $532 $23,975 $0 $0
2018 $508 $0 $0 $0
2017 $413 $0 $0 $0
2016 $413 $0 $0 $0
2015 $409 $0 $0 $0
2014 $334 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1201354

Greater Chattanooga REALTORS®

APN: 051G-A-003.00