NOT LISTED FOR SALE

1505 Grace St SW Cleveland, TN 37311

Estimated Value: $194,183 - $251,000

2 Beds
1 Bath
1,248 Sq Ft
$173/Sq Ft Est. Value

Last Sold April 21, 2016

Last sale price $45,000 $36 Per Sq Ft

Est. 379% increase in value since last sale

Current estimated payment $1,165/month

26 Days on Market

Highlights

  • Open Floorplan
  • Whirlpool Bathtub
  • No HOA
  • Wood Flooring
  • Bonus Room
  • Covered Patio or Porch

About This Home

As of April 2016

Beautiful ranch home with wood floors, fenced back yard, utility building, large level lot, central heat and air. Come see it today! (Buyer is advised to perform inspections and verify ALL information. Property sold AS IS.)

Last Agent to Sell the Property

Elisha Wooden

Select Realty Professionals Listed on: 02/11/2016

Last Buyer's Agent

Robert Badgley

Crye-Leike, REALTORS License #249275

Crye-Leike, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $433

Year Built

  • Built in 1959

Lot Details

  • 0.26

Parking

  • Off-Street Parking

Home Design

  • Shingle Roof

Interior Spaces

  • 1,248 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Aluminum Window Frames
  • Living Room
  • Bonus Room
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Basement
  • Crawl Space

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Whirlpool Bathtub

Schools

  • Stuart Elementary School
  • Cleveland Middle School
  • Cleveland High School

Additional Features

  • Covered Patio or Porch
  • Level Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Ballard Subdivision

Listing and Financial Details

  • HUD Owned
  • Assessor Parcel Number 057b H 005.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$433

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 0
  • Subdivision Name: Ballard
  • Directions: Keith St to S Lee Hwy. Right on Grace St. Home on left
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1248.0
  • New Construction: No
  • Year Built: 1959
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 057b H 005.00
  • Location Tax and Legal Elementary School: Stuart Elementary
  • Location Tax and Legal Middle Or Junior School2: Cleveland Middle
  • Location Tax and Legal High School: Cleveland High
  • Location Tax and Legal:Tax Annual Amount: 433.0
  • 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: 0
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Interior Features Whirlpool Tub2: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • Flooring:Linoleum: Yes
  • Special Listing Conditions HUD Owned: Yes
  • Special Features: None

Interior Features

  • Appliances: Free-Standing Electric Range, Dishwasher
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Linoleum
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Whirlpool Tub
  • Window Features: Aluminum Frames
  • ResoLivingAreaSource: Appraiser
  • Appliances Dishwasher: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Community Features:None4: Yes
  • Interior Features:Ceiling Fan(s)2: Yes

Exterior Features

  • Lot Features: Level
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Patio And Porch Features: Porch, Porch - Covered
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Level: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

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

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Stuart Elementary
  • High School: Cleveland High
  • Middle Or Junior School: Cleveland Middle

Lot Info

  • Additional Parcels: No
  • Parcel #: 057b H 005.00

Tax Info

  • Tax Annual Amount: 433.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2017
Sold by
Farner Tina
Bought by
Farner Tina and Bowman Jennifer
Current Estimated Value
$215,546

Purchase Details

Listed on
Feb 11, 2016
Closed on
Apr 21, 2016
Sold by
Secretary Of Housing And Urban Dev Of Wa
Bought by
Farner Tina
Seller's Agent
Elisha Wooden
Select Realty Professionals
Buyer's Agent
Robert Badgley
Crye-Leike, REALTORS
List Price
$50,000
Sold Price
$45,000
Premium/Discount to List
-$5,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.87%
Original Mortgage
$38,250
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2016
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing And Urban Developme and C/O Information Systems & Networks Corp

Purchase Details

Closed on
Dec 22, 2015
Sold by
Fontenot Amanda Dee
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Nov 26, 2003
Sold by
Fontenot Chris
Bought by
Fontenot Amanda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,835
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 1997
Sold by
Johnson Penny
Bought by
Johnson Penny L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,947
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 1997
Sold by
Williams Robert
Bought by
Johnson Penny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,947
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Farner Tina -- --
Farner Tina $45,000 --
Secretary Of Housing And Urban Developme $69,125 --
Wells Fargo Bank Na $69,125 --
Fontenot Amanda D -- --
Fontenot Amanda D $68,900 --
Johnson Penny L $59,000 --
Johnson Penny $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farner Tina $38,250
Previous Owner Johnson Penny $67,835
Previous Owner Johnson Penny $58,947
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2016 04/21/16 Sold $45,000 -10.0% $36 / Sq Ft
03/08/2016 03/08/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $50,000 -- $40 / 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 $443 $30,800 $3,325 $27,475
2023 $971 $30,800 $3,325 $27,475
2022 $971 $30,800 $3,325 $27,475
2021 $971 $30,800 $0 $0
2020 $774 $30,800 $0 $0
2019 $774 $20,125 $0 $0
2018 $830 $0 $0 $0
2017 $415 $0 $0 $0
2016 $682 $0 $0 $0
2015 $351 $0 $0 $0
2014 $351 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1240972

Greater Chattanooga REALTORS®

APN: 057B-H-005.00