NOT LISTED FOR SALE

1502 Bailey Ave Chattanooga, TN 37404

Highland Park Neighborhood

Estimated Value: $339,000 - $490,000

3 Beds
2 Baths
1,989 Sq Ft
$207/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $114,000 $57 Per Sq Ft

Est. 256% increase in value since last sale

Current estimated payment $2,300/month

130 Days on Market

Highlights

  • Deck
  • High Ceiling
  • Covered patio or porch
  • Wood Flooring
  • No HOA
  • 1-minute walk to Shaw Playground

About This Home

As of July 2013

Live and work all in the same place in this beautiful 4 bedroom, 2 bath 1920's charmer. Lots of original wood/trim work, pocket doors and gorgeous hardwood floors make this home a great place to come home to or to use as office space. Conveniently located in downtown Chattanooga in the Historic Highland Park area...just minutes from parks, great restaurants, shopping and I-75. This home offers lots of options(zoned R-4) and features a spacious parking area in the back. The basement provides tons of storage and also offers a 4th bedroom or an office space w/a separate entrance.

Last Agent to Sell the Property

Charlotte Mabry

Keller Williams Realty Listed on: 03/08/2013

Last Buyer's Agent

Patti Cole

Crye-Leike, REALTORS License #301503

Crye-Leike, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,251

Year Built

  • Built in 1920

Lot Details

  • 6,752

Home Design

  • Shingle Roof
  • Shingle Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,989 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Bay Window
  • Wood Frame Window
  • Family Room
  • Living Room with Fireplace
  • Wood Flooring
  • Finished Basement
  • Partial Basement
  • Washer and Gas Dryer Hookup

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Separate Shower

Home Security

  • Home Security System
  • Storm Windows
  • Fire and Smoke Detector

Parking

  • Garage
  • Basement Garage
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Orchard Knob Elementary School
  • Orchard Knob Middle School
  • Howard School Of Academics & Tech High School

Utilities

  • Dehumidifier
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Air Purifier
  • Lot Dimensions are 50 x 135

Community Details

  • No Home Owners Association
  • Highland Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 146J G 025
  • $24,650 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,251

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 50 X 135
  • Subdivision Name: Highland Park
  • Directions: US-27 towards Downtown, take Martin Luther King Blvd exit 1A, follow Martin Luther King Blvd until it becomes Bailey Ave., House is on the right
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 1989.0
  • New Construction: No
  • Structure Type: Free Standing Building
  • Year Built: 1920
  • Cooling:Electric: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 146J G 025
  • Location Tax and Legal Elementary School: Orchard Knob Elementary
  • Location Tax and Legal Middle Or Junior School2: Orchard Knob Middle
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 1251.0
  • 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: 50 X 135
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Hardwood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Security Features:Security System: Yes
  • Interior Features Separate Shower: Yes
  • Location Tax and Legal Tax Other Annual Assessment Amount: 24650.0
  • Patio And Porch Features Porch - Covered: Yes
  • Other Equipment:Dehumidifier: Yes
  • Other Equipment:Air Purifier: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Gas Water Heater, Free-Standing Electric Range, Dishwasher
  • Other Equipment: Air Purifier, Dehumidifier
  • Has Basement: Finished, Partial
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Gas Starter, Living Room
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Separate Shower
  • Window Features: Bay Window(s), Insulated Windows, Storm Window(s), Wood Frames
  • ResoLivingAreaSource: Owner
  • Appliances Dishwasher: Yes
  • Basement:Partial: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:High Ceilings: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Living Room2: Yes
  • Fireplace Features:Gas Starter: Yes
  • Interior Features:Ceiling Fan(s)2: Yes

Exterior Features

  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Shingle Siding
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio, Porch, Porch - Covered
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Insulated Windows: Yes
  • Window Features:Wood Frames: Yes
  • Window Features:Storm Window(s): Yes
  • Window Features:Bay Window(s): Yes
  • Construction Materials:Shingle Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Basement, Off Street
  • General Property Information:Garage YN: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Basement: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Orchard Knob Elementary
  • High School: Howard School of Academics & Tech
  • Middle Or Junior School: Orchard Knob Middle

Lot Info

  • Additional Parcels: No
  • Parcel #: 146J G 025

Tax Info

  • Tax Annual Amount: 1251.0
  • Tax Other Annual Assessment Amount: 24650.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2021
Sold by
Young Christopher E and Young Vanessa S
Bought by
Young Christopher E and Young Vanessa S
Current Estimated Value
$405,270

Purchase Details

Listed on
Mar 8, 2013
Closed on
Jul 31, 2013
Sold by
Lee Daniel and Forrest Lynne
Bought by
Young Christopher E and Young Vanessa S
Seller's Agent
Charlotte Mabry
Keller Williams Realty
Buyer's Agent
Patti Cole
Crye-Leike, REALTORS
List Price
$124,900
Sold Price
$114,000
Premium/Discount to List
-$10,900
-8.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.86%
Original Mortgage
$85,500
Outstanding Balance
$63,467
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$331,107

Purchase Details

Closed on
Jul 12, 2010
Sold by
Lee Daniel M and Forrest Lynne
Bought by
Lee Daniel and Forrest Lynne

Purchase Details

Closed on
Aug 12, 2002
Sold by
Brown John Theodore
Bought by
Forrest Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,050
Interest Rate
6.53%

Purchase Details

Closed on
Apr 3, 1998
Sold by
Joy Mitchell Martha
Bought by
Brown John Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,400
Interest Rate
7.06%
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Young Christopher E -- None Available
Young Christopher E $114,000 Realty Title & Escrow Servic
Lee Daniel -- None Available
Forrest Lynne $85,500 --
Brown John Theodore $55,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Christopher E $85,500
Previous Owner Lee Daniel M $95,000
Previous Owner Forrest Lynne $88,050
Previous Owner Brown John Theodore $52,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2013 07/31/13 Sold $114,000 -8.7% $57 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
03/07/2013 03/07/13 For Sale $124,900 -- $63 / 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 $969 $43,300 $0 $0
2023 $969 $43,300 $0 $0
2022 $969 $43,300 $0 $0
2021 $969 $43,300 $0 $0
2020 $799 $28,900 $0 $0
2019 $799 $28,900 $0 $0
2018 $785 $28,900 $0 $0
2017 $799 $28,900 $0 $0
2016 $663 $0 $0 $0
2015 $1,332 $23,975 $0 $0
2014 $1,332 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Charlotte Mabry

    Keller Williams Realty

  • P

    Buyer's Agent in 2013

    Patti Cole

    Crye-Leike, REALTORS

    (423) 309-6485

    51 Total Sales

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1191405

Greater Chattanooga REALTORS®

APN: 146J-G-025

Tennessee Hamilton County Chattanooga 37404 Highland Park

1502 Bailey Ave, Chattanooga, TN

This home is located at 1502 Bailey Ave, Chattanooga, TN 37404 since 08 March 2013 and is currently estimated at $411,482, approximately $206 per square foot. This property was built in 1920. 1502 Bailey Ave is a home located in Hamilton County with nearby schools including Orchard Knob Elementary School, Orchard Knob Middle School, and The Howard School.

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