NOT LISTED FOR SALE

365 Russell Ln Decatur, TN 37322

Estimated Value: $551,000 - $1,032,000

3 Beds
3 Baths
2,469 Sq Ft
$306/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $425,000 $172 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $4,265/month

5 Days on Market

Highlights

  • Boat Slip
  • Waterfront
  • Deck
  • Lake On Lot
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of September 2020

Welcome Home to 365 Russell Lane! This waterfront home is located at the end of the road with tons of privacy and priceless views. Enjoy all year round, with deep water only footsteps away... This remarkable home offers large bedrooms, open family room and kitchen, loft bedroom and bonus room in the basement. Located on the Tennessee River just outside of Chattanooga TN, the location is both private and convenient to everything. Call today for a private showing.

Last Agent to Sell the Property

Dustin Sherlin

Realty One Group Experts License #300012 Listed on: 08/04/2020

Last Buyer's Agent

Carol Craig

Keller Williams Realty License #276193

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,004

Year Built

  • Built in 2008

Lot Details

  • 0.7 Acre Lot
  • Waterfront
  • Gentle Sloping Lot

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Brick Foundation
  • Stone Foundation
  • Metal Roof

Interior Spaces

  • 2,469 Sq Ft Home
  • 1.5-Story Property
  • Open Floorplan
  • High Ceiling
  • Vinyl Clad Windows
  • Screened Porch
  • Wood Flooring
  • Water Views
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup

Kitchen

  • Free-Standing Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Boat Slip
  • Stationary Dock
  • Lake On Lot
  • Deck
  • Patio

Schools

  • Meigs North Elementary School
  • Meigs County Middle School
  • Meigs County High School

Utilities

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

Community Details

  • No Home Owners Association
  • Holly Glen Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 050c A 040.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,004

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.7
  • Lot Size: 254.7X105IRR
  • Subdivision Name: Holly Glen Shores
  • Directions: N on Hwy 58 Turn Left Onto Cottonport Rd Slight left onto Holly Glen Slight Right onto Russell Ln Home is at the end of the street
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Living Area: 2469.0
  • New Construction: No
  • Year Built: 2008
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 050c A 040.00
  • Location Tax and Legal Elementary School: Meigs North Elementary
  • Location Tax and Legal Middle Or Junior School2: Meigs County Middle
  • Location Tax and Legal High School: Meigs County High
  • Location Tax and Legal:Tax Annual Amount: 2004.08
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information:Bathrooms Half: 3
  • 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: 0.7
  • General Property Information Lot Size Square Feet2: 30492.0
  • General Property Information Lot Size Dimensions: 254.7X105IRR
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Underground Utilities: 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
  • Utilities Phone Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • Architectural Style:Contemporary: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • Foundation Details BrickMortar: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Interior Features Split Bedrooms2: Yes
  • View:Water2: Yes
  • Levels:One and One Half: Yes
  • Foundation Details Stone2: Yes
  • Special Features: None

Interior Features

  • Appliances: Free-Standing Gas Range, Electric Water Heater, Dishwasher
  • Has Basement: Full
  • Basement YN: Yes
  • Half Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: High Ceilings, Open Floorplan, Pantry, Plumbed, Primary Downstairs, Split Bedrooms, Stubbed, Tub/shower Combo, Walk-In Closet(s)
  • Window Features: Vinyl Frames
  • Appliances Dishwasher: Yes
  • Full Basement: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Free-Standing Gas Range: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes

Exterior Features

  • Lot Features: Gentle Sloping, Lake On Lot, Other
  • View: Water, Other
  • View: Yes
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Other
  • Exterior Features: Boat Slip, Dock - Stationary
  • Foundation Details: Brick/Mortar, Stone
  • Patio And Porch Features: Covered, Deck, Patio, Porch, Porch - Covered, Porch - Screened
  • Roof: Metal
  • Exterior Features:Boat Slip: Yes
  • Exterior Features:Dock - Stationary: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Vinyl Frames: Yes
  • Lot Features:Gentle Sloping: Yes
  • Patio And Porch Features:Covered: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Lake On Lot: Yes

Garage/Parking

  • Garage Spaces: 2.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0

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
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Phone Available, Underground Utilities
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Meigs North Elementary
  • High School: Meigs County High
  • Middle Or Junior School: Meigs County Middle

Lot Info

  • Lot Size Sq Ft: 30492.0
  • Additional Parcels: No
  • Parcel #: 050c A 040.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2004.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2020
Closed on
Sep 14, 2020
Sold by
Faerber Robert D and Faerber Leigh
Bought by
Williams Thomas D and Williams Maggie L
Seller's Agent
Dustin Sherlin
Realty One Group Experts
Buyer's Agent
Carol Craig
Keller Williams Realty
List Price
$449,500
Sold Price
$425,000
Premium/Discount to List
-$24,500
-5.45%
Current Estimated Value
$754,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,383
Avg. Annual Appreciation
12.26%
Original Mortgage
$403,750
Outstanding Balance
$291,632
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$462,751

Purchase Details

Closed on
Mar 12, 1992
Bought by
Faerber Robert Leigh

Purchase Details

Closed on
May 15, 1990
Bought by
White Bobby G and White Robert C

Purchase Details

Closed on
Apr 14, 1975
Bought by
Beavers Morris E and Wife Marjorie
Source: Public Records

Range of Values:

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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
Williams Thomas D $425,000 Chattanooga Title
Williams Thomas D $425,000 Chattanooga Title
Faerber Robert Leigh $62,500 --
Faerber Robert Leigh $62,500 --
White Bobby G $51,000 --
White Bobby G $51,000 --
Beavers Morris E -- --
Beavers Morris E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Thomas D $403,750
Closed Williams Thomas D $403,750
Previous Owner Faerber Robert D $332,000
Previous Owner Faerber Robert D $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2020 09/14/20 Sold $425,000 0.0% $172 / Sq Ft
09/14/2020 09/14/20 Sold $425,000 -5.5% $172 / Sq Ft
08/09/2020 08/09/20 Pending -- -- --
08/09/2020 08/09/20 Pending -- -- --
08/04/2020 08/04/20 For Sale $449,500 0.0% $182 / Sq Ft
04/30/2020 04/30/20 For Sale $449,500 -- $182 / 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 $1,960 $116,075 $31,250 $84,825
2023 $1,960 $116,075 $31,250 $84,825
2022 $1,960 $116,075 $31,250 $84,825
2021 $1,960 $116,075 $31,250 $84,825
2020 $2,004 $116,075 $31,250 $84,825
2019 $2,004 $101,150 $28,750 $72,400
2018 $2,004 $101,150 $28,750 $72,400
2017 $2,004 $101,150 $28,750 $72,400
2016 $2,004 $101,150 $28,750 $72,400
2015 $1,894 $101,150 $28,750 $72,400
2014 $1,545 $82,525 $17,150 $65,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1317126

Greater Chattanooga REALTORS®

APN: 050C-A-040.00