NOT LISTED FOR SALE

322 Reads Lake Rd Chattanooga, TN 37415

Estimated Value: $340,591 - $421,000

3 Beds
2 Baths
1,818 Sq Ft
$206/Sq Ft Est. Value

Last Sold July 31, 2014

Last sale price $155,000 $85 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $2,127/month

64 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Whirlpool Bathtub
  • Deck
  • Main Floor Primary Bedroom
  • Great Room

About This Home

As of July 2014

This spacious home is located just 10 minutes from downtown Chattanooga. Easy on/off at Highway 27. Located in Red Bank. Home is situated on flat lot with huge wooden fenced backyard. Beautiful hardwood floors throughout the main level. This home has lots of updates and is a must see. The spacious MBR suite is on the main and opens to a screened porch. The open great room and dining room are combined off the kitchen. Beautiful fireplace in great room. Upstairs are 2 additional bedrooms, a full bath and 2 large closets. In the basement, there is another partially finished area perfect for a second den or rec room and a 4th bedroom. Ductwork is already in place and just needs ceiling added to finish out the room. There is a total of 728 square feet that can be finished. The laundry area is a lso in the basement. The double car garage measures 611 square feet. Roof is only 3 years old and the HVAC system is 6 years old. Seller offering a 1-year First American Home Warranty.

Last Agent to Sell the Property

Brenda Purcell

RE/MAX Renaissance Realtors License #282331 Listed on: 05/08/2014

RE/MAX Renaissance Realtors

Last Buyer's Agent

John Foreman

Keller Williams Realty License #309451

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,677

Year Built

  • Built in 1982

Lot Details

  • Fenced
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Basement Garage

Home Design

  • Split Level Home
  • Tri-Level Property
  • Brick or Stone Mason
  • Shingle Roof
  • Stone

Interior Spaces

  • 1,818 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Gas Log Fireplace
  • Window Treatments
  • Aluminum Window Frames
  • Great Room
  • Family Room
  • Screened Porch
  • Wood Flooring
  • Finished Basement
  • Partial Basement
  • Storage In Attic
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms
  • Whirlpool Bathtub
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Deck
  • Patio
  • Outbuilding

Schools

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

Farming

  • Bureau of Land Management Grazing Rights

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 109I A 026
  • $38,325 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,677

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 105 X 190 IRR
  • Subdivision Name: None
  • Directions: Take Hwy. N 27 exit at Morrison Springs Road Exit. Turn R at ramp then merge over to left lane. Turn beside Hardees Restaurant onto McCahill Road then slight left onto Reads Lake Road. Post sign in yard.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Multi/Split, One and One Half, Tri-Level
  • Living Area: 1818.0
  • New Construction: No
  • Structure Type: Free Standing Building
  • Year Built: 1982
  • Cooling:Electric: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 109I A 026
  • Location Tax and Legal Elementary School: Red Bank Elementary
  • Location Tax and Legal Middle Or Junior School2: Red Bank Middle
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 1677.0
  • 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: Yes
  • General Property Information Grazing Permits BLM YN3: Yes
  • General Property Information Carport YN: No
  • General Property Information Lot Size Dimensions: 105 X 190 IRR
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Hardwood: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Utilities Phone Available: Yes
  • Fencing Fenced: Yes
  • Interior Features Whirlpool Tub2: Yes
  • Location Tax and Legal Tax Other Annual Assessment Amount: 38325.0
  • Patio And Porch Features Porch - Covered: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Levels Tri-Level: Yes
  • Brick and Stone Features Partial Stone: Yes
  • Other Structures:Out Building: Yes
  • Levels:One and One Half: Yes
  • Levels MultiSplit: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Refrigerator, Electric Water Heater, Electric Range
  • Has Basement: Finished, Partial
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Plumbed, Primary Downstairs, Soaking Tub, Tub/shower Combo, Walk-In Closet(s), Whirlpool Tub
  • Window Features: Aluminum Frames, Window Treatments
  • ResoLivingAreaSource: Appraiser
  • Basement:Partial: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Attic Features:Storage Only: Yes
  • Community Features:None4: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Soaking Tub: Yes
  • Interior Features:Ceiling Fan(s)2: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: Yes
  • Construction Type: Fiber Cement, Stone
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Patio, Porch, Porch - Covered, Porch - Screened
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Level: Yes
  • Window Features:Aluminum Frames: Yes
  • Construction Materials:Stone: Yes
  • Window Features:Window Treatments: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Basement
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Basement: 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
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Phone Available
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Parcel #: 109I A 026

Tax Info

  • Tax Annual Amount: 1677.0
  • Tax Other Annual Assessment Amount: 38325.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2007
Sold by
Moore Dennis E and Moore Anita L
Bought by
Dugan Patrick C and Dugan Angela L
Current Estimated Value
$374,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 1999
Sold by
United Companies Lending Corp
Bought by
Moore Dennis E and Moore Anita L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,600
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 1998
Sold by
Mccowan Matthew A and Mccowan Sandra A
Bought by
United Companies Lending Corp

Purchase Details

Closed on
Aug 8, 1995
Bought by
Mccowan Matthew A

Purchase Details

Closed on
Feb 1, 1995
Sold by
Barrett Burks Preston
Bought by
Badawi Samer A and Lyn Tracy
Source: Public Records

Range of Values:

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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
Dugan Patrick C $161,000 None Available
Moore Dennis E $71,000 --
United Companies Lending Corp $56,000 --
Mccowan Matthew A $75,000 --
Badawi Samer A $57,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broom Deborah $50,000
Open Dugan Patrick C $132,000
Closed Dugan Patrick C $100,000
Closed Hawkins Deborah A $57,800
Closed Dugan Patrick C $128,800
Previous Owner Moore Dennis E $69,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $155,000 -10.9% $85 / Sq Ft
07/10/2014 07/10/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $174,000 -- $96 / 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 $1,097 $49,050 $0 $0
2023 $1,987 $49,050 $0 $0
2022 $1,677 $49,050 $0 $0
2021 $1,869 $49,050 $0 $0
2020 $1,893 $40,075 $0 $0
2019 $1,893 $40,075 $0 $0
2018 $1,893 $40,075 $0 $0
2017 $1,810 $40,075 $0 $0
2016 $1,753 $0 $0 $0
2015 $1,753 $37,050 $0 $0
2014 $1,753 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1210490

Greater Chattanooga REALTORS®

APN: 109I-A-026