NOT LISTED FOR SALE

2603 Simpson Ave Chattanooga, TN 37415

Estimated Value: $321,000 - $355,007

3 Beds
1 Bath
1,764 Sq Ft
$190/Sq Ft Est. Value

Sale Details

Date Sold: February 21, 2023

Last sale price $285,000 $162 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,873 / mo

140 Days on Market

Highlights

  • 0.58 Acre Lot
  • Wood Flooring
  • No HOA
  • Contemporary Architecture
  • Corner Lot
  • Porch

About This Home

As of February 2023

This adorable bungalow in central Red Bank sits on a level, .58 acre corner lot less than 1⁄4 mile off Dayton Boulevard. The first thing you will notice about this home is the great yard - mature trees, attractive landscaping, fire pit, and fenced backyard. The spacious, covered front porch welcomes guests and is perfect for enjoying the fall weather! While there have been many updates to this 3 Bedroom, 1 Bath home, none of the charm has been removed! Natural light pours in the abundant windows (and without a neighbor on the left, no need for window coverings), original hardwoods through most of the home with tiled Kitchen and Bath. The spacious Living Room has an attractive fireplace as the focal point while the sunny Kitchen is connected to the Dining Area and features a raised dining bar. Off the Kitchen is a spacious room (we speculate an original porch) where the Laundry area is housed. This room provides great storage or could be used as a sunroom or gardening room. The layout of this home has one bedroom on the front of the home while the two other bedrooms are located near the Kitchen. The Bath has been updated with a new vanity and sink. A set of stairs off the Living Room leads to a finished Bonus Room and is currently used as an office. Other recent updates to the home include the roof, windows, gutters, dishwasher and HVAC. Less than 1.5 miles to Signal Mountain Blvd, this Red Bank location is very convenient to downtown Chattanooga, North Shore and countless great businesses in Red Bank: Dubs, Pizzeria Cortile, The Meeting House; or parks such as Town Center Park or Kid's Corner.

Last Agent to Sell the Property

Becky Cope English

The Agency Chattanooga Brokerage Phone: 4233646298 License #277820 Listed on: 09/24/2022

Co-Listed By

Derek English

The Agency Chattanooga Brokerage Phone: 4233646298 License #327310

Last Buyer's Agent

Mark Hite

Real Estate Partners Chattanooga, LLC License #283146

Real Estate Partners Chattanooga, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,889

Year Built

  • Built in 1945

Lot Details

  • 25,265 Sq Ft Lot
  • Lot Dimensions are 165.4x154
  • Corner Lot
  • Level Lot

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,764 Sq Ft Home
  • Property has 3 Levels
  • Gas Fireplace
  • ENERGY STAR Qualified Windows
  • Living Room with Fireplace
  • Crawl Space
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • Red Bank Elementary School
  • Red Bank Middle School
  • Red Bank High School

Additional Features

  • Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 117L G 011

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,889

Year Built

Built in 1945

Lot Details

0.58 Acres

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Year Built: 1945
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Primary Bedroom Main Floor
  • Appliances: Dishwasher
  • Fireplace Features: Living Room, Gas
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Wood, Tile
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Has Basement: Crawl Space
  • Building Area Units: Square Feet
  • Living Area: 1764
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Stucco
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Level, Corner Lot
  • Lot Size Acres: 0.58
  • Lot Size: 165.4X154
  • Lot Size Units: Acres
  • Parcel #: 117L G 011
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1889

MLS Schools

  • Elementary School: Red Bank Elementary School
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2022
Closed on
Feb 14, 2023
Sold by
Tate Tracy
Bought by
Seeger Laura J
Seller's Agent
Becky Cope English
The Agency Chattanooga
Buyer's Agent
Mark Hite
Real Estate Partners Chattanooga, LLC
List Price
$338,000
Sold Price
$285,000
Premium/Discount to List
-$53,000
-15.68%
Views
164
Current Estimated Value
$335,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,752
Avg. Annual Appreciation
5.32%

Purchase Details

Listed on
Apr 14, 2021
Closed on
Jun 3, 2021
Sold by
Bonney Ashton Noel and Bonney David
Bought by
Tate Tracy
Buyer's Agent
Daniel Staub
Greater Downtown Realty dba Keller Williams Realty
List Price
$247,400
Sold Price
$265,000
Premium/Discount to List
$17,600
7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Original Mortgage
$251,750
Interest Rate
2.88%
Mortgage Type
Second Mortgage Made To Cover Down Payment

Purchase Details

Listed on
Aug 12, 2019
Closed on
Nov 4, 2019
Sold by
Riggs Crystal J
Bought by
Bonney Ashton Noel and Bonney David
Seller's Agent
Jake Kellerhals
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Lee Marshall Hobbs
Keller Williams Realty Greater Dalton
List Price
$199,000
Sold Price
$203,000
Premium/Discount to List
$4,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.37%
Original Mortgage
$192,850
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2010
Sold by
Blewett Thomas and Veltenaar Arie
Bought by
Riggs Crystal J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,338
Interest Rate
4.38%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2010
Sold by
The Bank Of New York Mellon
Bought by
Blewett Thomas

Purchase Details

Closed on
Jul 12, 2007
Sold by
Martin Scott F
Bought by
The Bank Of New York Trust Co Na and Jp Morgan Chase Bank Na

Purchase Details

Closed on
Nov 9, 1995
Bought by
Martin Scott F
Source: Public Records
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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
Seeger Laura J $285,000 --
Tate Tracy $265,000 Cumberland Title & Guaranty
Bonney Ashton Noel $203,000 None Available
Riggs Crystal J $105,000 Realty Center Title & Escrow
Blewett Thomas $42,000 Resource Title Agency Inc
The Bank Of New York Trust Co Na $52,000 None Available
Martin Scott F $36,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tate Tracy $251,750
Previous Owner Bonney Ashton Noel $192,850
Previous Owner Riggs Crystal J $102,338
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/21/2023 02/21/23 Sold $285,000 -15.7% $162 / Sq Ft
02/11/2023 02/11/23 Pending -- -- --
09/24/2022 09/24/22 For Sale $338,000 +27.5% $192 / Sq Ft
06/03/2021 06/03/21 Sold $265,000 +7.1% $158 / Sq Ft View Prior Sale
04/19/2021 04/19/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $247,400 +21.9% $147 / Sq Ft
11/04/2019 11/04/19 Sold $203,000 +2.0% $123 / Sq Ft View Prior Sale
10/03/2019 10/03/19 Pending -- -- --
08/12/2019 08/12/19 For Sale $199,000 -- $121 / Sq Ft
Source: Realtracs

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 $1,097 $72,375 $0 $0
2024 $1,275 $56,975 $0 $0
2023 $2,010 $49,650 $0 $0
2022 $1,697 $49,650 $0 $0
2021 $1,889 $49,650 $0 $0
2020 $1,380 $27,725 $0 $0
2019 $1,380 $27,725 $0 $0
2018 $1,380 $27,725 $0 $0
2017 $1,323 $27,725 $0 $0
2016 $1,152 $0 $0 $0
2015 $1,152 $22,450 $0 $0
2014 $1,152 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2886685

Realtracs

APN: 117L-G-011

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