NOT LISTED FOR SALE

231 Pine St Sequatchie, TN 37374

Estimated Value: $200,000 - $237,232

3 Beds
2 Baths
1,817 Sq Ft
$120/Sq Ft Est. Value

Last Sold August 25, 2014

Last sale price $40,000 $22 Per Sq Ft

Est. 445% increase in value since last sale

Current estimated payment $1,208/month

40 Days on Market

Highlights

  • 2 Acre Lot
  • Corner Lot
  • Living Room
  • Open Floorplan
  • No HOA
  • Family Room

About This Home

As of August 2014

EMAIL IS BEST CONTACT FOR LISTING BROKER!***NEW/This property is now in a multiple offer situation. Please complete and email back to me the following: 1. The 2 -page highest and best offer sheet in the MLS folder 2. Freddie Mac multiple offer acknowledgment form also in the MLS folder. 3. Bank letter proof of funds or prequalification. Please make sure buyer signs all forms and they are returned to me by 5 PM Eastern JUNE 24, 2014. If you don't fully comply with these documents your offer cannot be entered into the Freddie Mac home steps connect system. EMAIL IS BEST CONTACT FOR LISTING BROKER! Freddie Mac First Look Initiative :: Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the F eddie Mac First Look Initiative. This on-going initiative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes, without competition from investors. This property is eligible under the Freddie Mac First Look Initiative through 6/22/14. The purchaser does not need to be a first time homebuyer to be eligible provided, however, that they are buying the home as their residence. FOR MORE ON FIRST LOOK goto: http://www.homesteps.com/homebuyer/firstlook.html. The property is marketed in AS-IS, WHERE IS condition only. It is the seller's intention NOT to repair or rehab this property. Please submit all offers using the OFFER WORKSHEET in the MLS document folder (D) DO NOT send the actual TAR contract until after you are notified that a verbal agreement has been reached. A LOAN COMMITMENT letter or proof of funds is required on all offers. If the offer is cash, you must furnish proof buyer has cash to close at time of offer and obtain. If offer has financing, you must obtain an APPROVED loan commitment letter from a direct lender, based upon approved credit and income before submitting offer. All offers require a hard close date (not 30 days from acceptance, etc) to be considered. If the offer is cash, the seller will only accept a close date that reflects up to a 21-day escrow period. If an offer has a financing contingency, the seller will only accept a close date that reflects up to a 30-day escrow period. Please be aware the seller will strictly enforce the close date so please make sure it is realistic. A per Diem fee UP TO $200 will be charged to the buyer if closing is delayed due to any fault of the buyer, buyer's lender, or buyer's agent. All earnest money deposits should be 2% of purchase price (or $1000 minimum). If an offer has financing SEND COMMITMENT LETTER - CREDIT ALREADY APPROVED! If an offer is cash, the buyer's escrow deposit will become non-refundable after the inspection period if no written objection or notice of cancellation was received. All commission is NET sales price. ALL OFFERS ARE SUBJECT TO FINAL MANAGEMENT APPROVAL, WHETHER OR NOT FORMALLY STATED IN AN OFFER OR COUNTER-OFFER, until a contract is formally executed. ** Due to the high degree of theft at these vacant REO Properties, the seller does not guarantee the existence of any equipment or personalities prior to offer. ALL Appliances, Heating, Cooling, etc, IF ANY AT THIS PROPERTY ARE SOLD STRICTLY ''AS IS'' ''NO WARRANTIES, NO REPAIRS, NO GUARANTEE OF OPERATION OR CONDITION''.

Last Agent to Sell the Property

Roy Hutchens

R.C.Hutchens Co. LLC, REALTORS License #00057146 Listed on: 05/31/2014

Last Buyer's Agent

Amanda Matthews

Century 21 Cumberland Realty License #320665

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $418

Year Built

  • Built in 1975

Lot Details

  • 2 Acre Lot
  • Rural Setting
  • Corner Lot

Home Design

  • Tri-Level Property
  • Shingle Roof
  • Stone

Interior Spaces

  • 1,817 Sq Ft Home
  • Open Floorplan
  • Family Room
  • Living Room
  • Partial Basement
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Outbuilding

Schools

  • Jasper Elementary School
  • Jasper Middle School
  • Maryville High School

Community Details

  • No Home Owners Association
  • Sequatchie Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 96-C, A, 18.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$418

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.0
  • Lot Size: 2 + ACRES
  • Subdivision Name: Sequatchie
  • Directions: From Jasper, go Valley View Highway north to Sequatchie; turn left on Owens Street (at the Sequatchie Food Market); road will split, bear to the left; turn left on Sherwood Street; turn right on Pine Street and go around curve; first house on the left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Tri-Level
  • Living Area: 1817.0
  • New Construction: No
  • Year Built: 1975
  • Location Tax and Legal Parcel Number2: 96-C, A, 18.00
  • Location Tax and Legal Elementary School: Jasper Elementary
  • Location Tax and Legal Middle Or Junior School2: Jasper Middle
  • Location Tax and Legal High School: Maryville
  • Location Tax and Legal:Tax Annual Amount: 418.0
  • 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 Acres: 2.0
  • General Property Information Lot Size Square Feet2: 87120.0
  • General Property Information Lot Size Dimensions: 2 + ACRES
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • General Property Information Attached Carport YN2: No
  • Lot Features Rural: Yes
  • Levels Tri-Level: Yes
  • Brick and Stone Features Partial Stone: Yes
  • Other Structures:Out Building: Yes
  • Special Listing Conditions:Real Estate Owned: Yes
  • Special Features: RealEstateOwned

Interior Features

  • Has Basement: Partial
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Basement:Partial: Yes
  • Interior Features:Open Floorplan: Yes

Exterior Features

  • Lot Features: Corner Lot, Rural
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stone
  • Other Structures: Outbuilding
  • Roof: Shingle
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Stone: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Jasper Elementary
  • High School: Maryville
  • Middle Or Junior School: Jasper Middle

Lot Info

  • Lot Size Sq Ft: 87120.0
  • Parcel #: 96-C, A, 18.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 418.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2017
Sold by
Jenkins Charles G
Bought by
Grimes Steven J and Grimes Clara E
Current Estimated Value
$217,808

Purchase Details

Listed on
May 31, 2014
Closed on
Aug 21, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Jenkins Charles
Seller's Agent
Roy Hutchens
R.C.Hutchens Co. LLC, REALTORS
Buyer's Agent
Amanda Matthews
Century 21 Cumberland Realty
List Price
$29,900
Sold Price
$40,000
Premium/Discount to List
$10,100
33.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.40%

Purchase Details

Listed on
May 31, 2014
Closed on
Aug 14, 2014
Bought by
Federal Home Loan Mortgage Corporation Hud
Seller's Agent
Roy Hutchens
R.C.Hutchens Co. LLC, REALTORS
Buyer's Agent
Amanda Matthews
Century 21 Cumberland Realty
List Price
$29,900
Sold Price
$40,000
Premium/Discount to List
$10,100
33.78%

Purchase Details

Closed on
May 14, 2014
Sold by
Comer-Bryant Susan
Bought by
Nationstar Mtg Llc and C O Cenlar Fsb

Purchase Details

Closed on
Jan 18, 2006
Sold by
Gene Wallace
Bought by
Vir Bryant Susan Comer Et

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
9.5%

Purchase Details

Closed on
Feb 13, 2003
Sold by
Smith Robert J and Smith Kimberly S
Bought by
Gene Wallace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
5.95%

Purchase Details

Closed on
Sep 16, 1999
Sold by
Brennen Jerry P
Bought by
Scott Smith Kimberly Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,850
Interest Rate
7.89%

Purchase Details

Closed on
Sep 14, 1999
Sold by
Carla Brennen
Bought by
Brennen Jerry P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,850
Interest Rate
7.89%

Purchase Details

Closed on
Jan 29, 1993
Bought by
Brennen Jerry P

Purchase Details

Closed on
Oct 20, 1989
Bought by
Spangler David C
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
Grimes Steven J $99,500 None Available
Jenkins Charles $40,000 --
Federal Home Loan Mortgage Corporation Hud $71,400 --
Nationstar Mtg Llc $71,400 --
Vir Bryant Susan Comer Et $128,000 --
Gene Wallace $90,000 --
Scott Smith Kimberly Sue $283 --
Brennen Jerry P -- --
Brennen Jerry P -- --
Spangler David C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spangler David C $128,000
Previous Owner Spangler David C $85,500
Previous Owner Spangler David C $68,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2014 08/25/14 Sold $40,000 +33.8% $22 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $29,900 -- $16 / 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 $682 $38,200 $6,550 $31,650
2023 $682 $38,200 $0 $0
2022 $682 $38,750 $6,550 $32,200
2021 $682 $38,750 $6,550 $32,200
2020 $518 $38,750 $6,550 $32,200
2019 $518 $23,875 $6,250 $17,625
2018 $518 $23,875 $6,250 $17,625
2017 $518 $23,875 $6,250 $17,625
2016 $518 $23,875 $0 $0
2015 $550 $23,875 $0 $0
2014 $550 $25,374 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1211739

Greater Chattanooga REALTORS®

APN: 096C-A-018.00