NOT LISTED FOR SALE

1507 E Ridge Ave Chattanooga, TN 37412

Estimated Value: $244,283

2 Beds
1 Bath
1,398 Sq Ft
$175/Sq Ft Est. Value

Last Sold December 19, 2017

Last sale price $120,000 $86 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $1,395/month

Highlights

  • Open Floorplan
  • Granite Countertops
  • Brick Exterior Construction
  • Wood Flooring
  • No HOA
  • 1-Story Property

About This Home

As of December 2022

Updated 2/1 with an additional room that could be used for an office located in E. Ridge and less than 5 minutes to Downtown Chattanooga. This property features a large fenced backyard and a detached 1 car garage area for plenty of storage. This property has been a commercial office space since 2017 and could continue as a commercial office space should that be the desired use. This home has hardwood flooring throughout the main living areas and bedrooms/offices, all new paint throughout, new marble countertops in the kitchen, stainless steel appliances, a all new exterior and parking lot in 2019. New HAVC in 2022. Lawn Maintenance and quarterly pest control is included and required by the landlord. MORE PHOTOS TO FOLLOW

Last Agent to Rent the Property

Wade Trammell

Keller Williams Realty License #367743 Listed on: 11/24/2022

Keller Williams Realty

Last Renter's Agent

Wade Trammell

Keller Williams Realty License #367743 Listed on: 11/24/2022

Keller Williams Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 60x147.5
  • Fenced
  • Level Lot

Parking

  • 1 Car Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding
  • Stone

Interior Spaces

  • 1,398 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vinyl Clad Windows
  • Insulated Windows
  • Basement
  • Basement Cellar
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Separate Shower

Outdoor Features

  • Exterior Lighting

Schools

  • East Ridge Elementary School
  • East Ridge Middle School
  • East Ridge High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • East Ridge Park Subdivision

Listing and Financial Details

  • Lease Option
  • 12 Month Lease Term
  • Assessor Parcel Number 169h D 005

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Parking

1

Rental Info

  • Lease Term: 12 Months

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.2
  • Lot Size: 60X147.5
  • Inclusions: Furnished/Unfurnished: Unfurnished
  • Subdivision Name: East Ridge Park
  • Directions: From Ringgold Rd. Go toward the tunnels, left on E. Ridge Ave next to Smart Bank, home on right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 1398.0
  • New Construction: No
  • Structure Type: Free Standing Building
  • Year Built: 1940
  • Cooling:Electric: Yes
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 169h D 005
  • Location Tax and Legal Elementary School: East Ridge Elementary
  • Location Tax and Legal High School: East Ridge High
  • 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 Carport YN: No
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information Lot Size Dimensions: 60X147.5
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Updated 2/1 with an additional room that could be used for an office located in E. Ridge and less than 5 minutes to Downtown Chattanooga. This property features a large fenced backyard and a detached 1 car garage area for plenty of storage. This property has been a commercial office space since 2017 and could continue as a commercial office space should that be the desired use. This home has hardwood flooring throughout the main living areas and bedrooms/offices, all new paint throughout, new marble countertops in the kitchen, stainless steel appliances, a all new exterior and parking lot in 2019. New HAVC in 2022. Lawn Maintenance and quarterly pest control is included and required by the landlord. MORE PHOTOS TO FOLLOW
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Ridge Middle
  • Utilities Phone Available: Yes
  • Roof Asphalt5: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • General Property Information Attached Carport YN2: No
  • Fencing Fenced: Yes
  • Interior Features Separate Shower: Yes
  • Contract Information Lease Term: 12 Months
  • Location Tax and Legal Tax Annual Amount2: 1911.74
  • General Property Information Builder's Warranty YN3: No
  • Listing Terms:Lease Option: Yes
  • Parking Features Kitchen Level2: Yes
  • Brick and Stone Features Partial Stone: Yes
  • Foundation Details Stone2: Yes
  • Pets Allowed:No: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Free-Standing Electric Range, Electric Water Heater, Dishwasher
  • Has Basement: Cellar
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Hardwood, Tile
  • Interior Amenities: Granite Counters, Open Floorplan, Separate Shower
  • Window Features: Insulated Windows, Vinyl Frames
  • Appliances Dishwasher: Yes
  • Basement:Cellar: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Community Features:None4: Yes
  • Interior Features:Granite Counters: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Construction Type: Brick, Stone, Vinyl Siding
  • Exterior Features: Lighting
  • Foundation Details: Stone
  • Roof: Asphalt, Shingle
  • Construction Materials:Brick: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Window Features:Vinyl Frames: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Lighting: Yes
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Stone: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Garage Door Opener, Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Off Street: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No
  • Pets Allowed: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: East Ridge Elementary
  • High School: East Ridge High
  • Middle Or Junior School: East Ridge Middle

Lot Info

  • Lot Size Sq Ft: 8712.0
  • Additional Parcels: No
  • Parcel #: 169h D 005
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1911.74

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2017
Closed on
Dec 19, 2017
Sold by
Hickerson Ray H and Hickerson Betty W
Bought by
Jlaw Properties Tn Llc
Seller's Agent
Betty Hickerson
Horizon Sotheby's International Realty
Buyer's Agent
Wade Trammell
Keller Williams Realty
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%
Current Estimated Value
$244,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,283
Avg. Annual Appreciation
9.23%
Original Mortgage
$102,000
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 30, 1997
Sold by
Ray Hickerson H
Bought by
Hickerson H Ray and Hickerson Betty W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/21/2024 09/21/24 Off Market $2,100 -- --
12/29/2022 12/29/22 Rented -- -- --
12/29/2022 12/29/22 Under Contract -- -- --
12/29/2022 12/29/22 Rented -- -- --
12/29/2022 12/29/22 Rented $2,100 0.0% --
11/24/2022 11/24/22 For Rent $2,100 -98.3% --
11/23/2022 11/23/22 For Rent -- -- --
12/19/2017 12/19/17 Sold $120,000 -7.7% $114 / Sq Ft View Prior Sale
11/21/2017 11/21/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $130,000 -- $123 / 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
2025 $1,410 $93,000 $0 $0
2024 $1,067 $47,680 $0 $0
2023 $1,672 $47,680 $0 $0
2022 $1,672 $47,680 $0 $0
2021 $1,912 $47,680 $0 $0
2020 $1,642 $33,960 $0 $0
2019 $1,642 $33,960 $0 $0
2018 $1,642 $33,960 $0 $0
2017 $1,642 $33,960 $0 $0
2016 $1,613 $0 $0 $0
2015 $1,613 $32,560 $0 $0
2014 $1,613 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1365821

Greater Chattanooga REALTORS®

APN: 169H-D-005