G
Seller's Agent in 2017
George Patten
Real Estate Brokers
(423) 503-1296
27 Total Sales
1616 Read Ave Chattanooga, TN 37408
Southside NeighborhoodEstimated Value: $565,925 - $631,000
3
Beds
3.5
Baths
1,705
Sq Ft
$354/Sq Ft
Est. Value
Highlights
- Guest House
- Deck
- Wood Flooring
- Open Floorplan
- Double Shower
- 4-minute walk to Play Wash Pint
About This Home
As of March 2017Urban living with an emphasis on enjoyment. The house is located just off Main St in the middle of the retail area. Walk to some of the best restaurants in the entire city. Enjoy the nearby pubs and breweries, game facilities, the growing art district with local artist studios and all the urban excitement. The owners love this house and the location but other opportunities require this change. They have created unique spaces that the new owner will appreciate. The best new space is the ''Garage/Guest pad'' which is ideal for having guests or bringing in a little extra money through Airbnb. Zoned R3, the property is in compliance with city codes for short term rentals. The single car garage can also be used with new built-in cabinets, bathroom, and sleeping loft for some extra income or that stray relative. If you need extra parking there is space for two cars off the rear alley. On street parking is also permitted. If you live an active lifestyle and want to be in the center of downtown happenings, you need to see this place.
Last Agent to Sell the Property
Real Estate Brokers License #277775 Listed on: 12/02/2016
Last Buyer's Agent
Grace Edrington
Horizon Sotheby's International Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,351
Year Built
- Built in 2008
Lot Details
- 6,025 Sq Ft Lot
- Lot Dimensions are 44x137.41
- Fenced
- Level Lot
- May Be Possible The Lot Can Be Split Into 2+ Parcels
Parking
- 1 Car Garage
- Garage Door Opener
- Off-Street Parking
Home Design
- Brick Foundation
- Stone Foundation
- Frame Construction
- Shingle Roof
- Asphalt Roof
Interior Spaces
- 1,705 Sq Ft Home
- 1.5-Story Property
- Open Floorplan
- High Ceiling
- Ceiling Fan
- Window Treatments
- Living Room
- Loft
- Utility Room
- Basement
- Crawl Space
- Walk-In Attic
Kitchen
- Free-Standing Electric Range
- Microwave
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Cork
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Double Vanity
- Bathtub with Shower
- Double Shower
Laundry
- Laundry closet
- Washer and Gas Dryer Hookup
Home Security
- Home Security System
- Fire and Smoke Detector
Eco-Friendly Details
- Energy-Efficient Construction
- Energy-Efficient HVAC
Outdoor Features
- Deck
- Covered Patio or Porch
Additional Homes
- Guest House
Schools
- Battle Academy Elementary School
- Orchard Knob Middle School
- Howard School Of Academics & Tech High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 145ldh 013
Community Details
Overview
- No Home Owners Association
- Fort Negley Addn Subdivision
Amenities
- Recycling
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2016
Closed on
Mar 24, 2017
Sold by
Leopold Robert K and Leopold Lisa
Bought by
Poteet Brian E and Poteet Jennfier L
Seller's Agent
George Patten
Real Estate Brokers
Buyer's Agent
Grace Edrington
Horizon Sotheby's International Realty
List Price
$425,000
Sold Price
$325,000
Premium/Discount to List
-$100,000
-23.53%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,731
Avg. Annual Appreciation
7.48%
Original Mortgage
$308,750
Outstanding Balance
$256,032
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$347,699
Purchase Details
Closed on
Jul 2, 2008
Sold by
Goodwin Southern Property Llc
Bought by
Leopold Robert K and Leopold Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,200
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 14, 2007
Sold by
Chattanooga Neighborhood Enterprise Inc
Bought by
Goodwin Southern Property Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.22%
Mortgage Type
Construction
Purchase Details
Closed on
Apr 10, 2006
Sold by
Chung Paul and Chung Melissa
Bought by
Chattanooga Neighborhood Enterprise Inc
Purchase Details
Closed on
Jul 8, 2002
Sold by
Roddy Howard Walden and Roddy Karen Marie
Bought by
Chung Paul and Chung Melissa
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Poteet Brian E | $325,000 | Rellty Center Title & Escrow | |
| Leopold Robert K | $189,900 | Gateway Title Co Llc | |
| Goodwin Southern Property Llc | $15,000 | First Title | |
| Chattanooga Neighborhood Enterprise Inc | $48,000 | First Title | |
| Chattanooga Neighborhood Enterprise Inc | $48,000 | First Title | |
| Chung Paul | $16,000 | Choo Choo Title Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Poteet Brian E | $308,750 | |
| Previous Owner | Leopold Robert K | $174,200 | |
| Previous Owner | Goodwin Southern Property Llc | $148,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/24/2017 03/24/17 | Sold | $325,000 | -23.5% | $191 / Sq Ft |
| 02/24/2017 02/24/17 | Pending | -- | -- | -- |
| 12/02/2016 12/02/16 | For Sale | $425,000 | -- | $249 / Sq Ft |
Source: Greater Chattanooga REALTORS®
Tax History Compared to Growth
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 | $1,909 | $85,325 | $0 | $0 |
| 2023 | $1,909 | $85,325 | $0 | $0 |
| 2022 | $1,909 | $85,325 | $0 | $0 |
| 2021 | $1,909 | $85,325 | $0 | $0 |
| 2020 | $1,662 | $60,100 | $0 | $0 |
| 2019 | $1,662 | $60,100 | $0 | $0 |
| 2018 | $1,495 | $60,100 | $0 | $0 |
| 2017 | $1,588 | $60,100 | $0 | $0 |
| 2016 | $1,282 | $0 | $0 | $0 |
| 2015 | $2,467 | $46,350 | $0 | $0 |
| 2014 | $2,467 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
George Patten
-
G
Buyer's Agent in 2017
Grace Edrington
Horizon Sotheby's International Realty
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1256184
APN: 145LD-H-013
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