M
Seller's Agent in 2024
Michael Schmitt
Horizon Sotheby's International Realty
1 in this area
7 Total Sales
442 Hedgewood Dr Chattanooga, TN 37405
Estimated Value: $111,000 - $336,000
3
Beds
2
Baths
1,635
Sq Ft
$129/Sq Ft
Est. Value
Highlights
- Open Floorplan
- 1-Story Property
- No Heating
- No HOA
About This Home
As of May 2024Investment Opportunity: 442 Hedgewood Drive, Chattanooga, TN
Discover the potential at 442 Hedgewood Drive, nestled in the vibrant and growing area of Red Bank, Chattanooga, TN. This unique property is presented ''as is,'' offering an exceptional opportunity for real estate investors to capitalize on the thriving Chattanooga market. Whether you are looking to renovate the existing structure or envision a complete redevelopment, this property stands as a canvas ready for transformation.
Key Features:
•Prime location in Red Bank, a suburb recognized for its burgeoning real estate market and community-oriented atmosphere.
•The property offers a versatile foundation for either a comprehensive renovation project or a complete rebuild, catering to the investor's strategy to optimize returns.
•Proximity to downtown Chattanooga and major transportation routes, enhancing tenant appeal and property value.
•Situated in a neighborhood with rising property values, suggesting a favorable trend for future investment growth.
Investment Highlights:
•Value-Add Opportunity: With the property being sold ''as is,'' investors have a blank slate to implement a value-add strategy. Whether through modernizing the existing structure or constructing a new development, the potential for significant appreciation and ROI is substantial.
•Strategic Location: Red Bank's proximity to key attractions and the economic hub of Chattanooga positions this property as an attractive offering for both residential and possibly mixed-use developments, subject to zoning regulation
This property represents a rare opportunity to shape Chattanooga's skyline and community. Whether you're aiming to create a residential haven or explore mixed-use possibilities, 442 Hedgewood Drive offers the foundation for a lucrative investment. Act now to leverage this chance to build your legacy in Chattanooga's promising real estate landscape.
Last Agent to Sell the Property
Horizon Sotheby's International Realty License #333417 Listed on: 05/07/2024
Last Buyer's Agent
Horizon Sotheby's International Realty License #333417 Listed on: 05/07/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,615
Year Built
- Built in 1930
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 147.6x98
Home Design
- Brick Foundation
- Stone Foundation
- Shingle Roof
Interior Spaces
- 1,635 Sq Ft Home
- 1-Story Property
- Open Floorplan
- No Kitchen Appliances
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Schools
- Red Bank Elementary School
- Red Bank Middle School
- Red Bank High School
Utilities
- No Cooling
- No Heating
- Phone Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 126c B 011
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 23, 2025
Sold by
Jucarsa Garcia Irrevocable Investment Tr and Borras Angela M
Bought by
442 Hedgewood Dr Llc
Current Estimated Value
Purchase Details
Listed on
May 7, 2024
Closed on
May 21, 2024
Sold by
Ntmp Holdings Llc
Bought by
Jucarsa Garcia Irrevocable Investment Trust and Borras
Seller's Agent
Michael Schmitt
Horizon Sotheby's International Realty
Buyer's Agent
Michael Schmitt
Horizon Sotheby's International Realty
List Price
$100,000
Sold Price
$85,000
Premium/Discount to List
-$15,000
-15%
Views
3
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.76%
Purchase Details
Listed on
Jun 10, 2022
Closed on
Sep 28, 2022
Sold by
Blevins Carol
Bought by
Ntmp Holdings Llc
Seller's Agent
Bryan Russell
DK Real Estate LLC
Buyer's Agent
Morgan Gillette
RE/MAX Renaissance Realtors
List Price
$150,000
Sold Price
$146,000
Premium/Discount to List
-$4,000
-2.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-27.95%
Original Mortgage
$250,000
Interest Rate
5.7%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 17, 1997
Sold by
Gray William T
Bought by
Blevins Lewis and Blevins Carol
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 442 Hedgewood Dr Llc | -- | None Listed On Document | |
| 442 Hedgewood Dr Llc | -- | None Listed On Document | |
| Jucarsa Garcia Irrevocable Investment Trust | $85,000 | Bridge City Title | |
| Ntmp Holdings Llc | $146,000 | Choice Title | |
| Blevins Lewis | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ntmp Holdings Llc | $250,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/22/2024 05/22/24 | Sold | $85,000 | -15.0% | $52 / Sq Ft | |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- | |
| 05/08/2024 05/08/24 | Off Market | $100,000 | -- | -- | |
| 05/07/2024 05/07/24 | For Sale | $100,000 | 0.0% | $61 / Sq Ft | |
| 04/24/2024 04/24/24 | For Sale | $100,000 | -31.5% | $61 / Sq Ft | |
| 09/29/2022 09/29/22 | Sold | $146,000 | -2.7% | $146 / Sq Ft | View Prior Sale |
| 06/11/2022 06/11/22 | Pending | -- | -- | -- | |
| 06/10/2022 06/10/22 | For Sale | $150,000 | -- | $150 / Sq Ft |
Source: Greater Chattanooga REALTORS®
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 | $265 | $17,500 | $0 | $0 |
| 2024 | $774 | $34,575 | $0 | $0 |
| 2023 | $1,421 | $34,575 | $0 | $0 |
| 2022 | $1,194 | $34,575 | $0 | $0 |
| 2021 | $1,386 | $34,575 | $0 | $0 |
| 2020 | $1,319 | $26,250 | $0 | $0 |
| 2019 | $1,319 | $26,250 | $0 | $0 |
| 2018 | $1,283 | $26,250 | $0 | $0 |
| 2017 | $1,264 | $26,250 | $0 | $0 |
| 2016 | $1,120 | $0 | $0 | $0 |
| 2015 | $1,120 | $22,550 | $0 | $0 |
| 2014 | $1,120 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Schmitt
-
Bryan Russell
B
Seller's Agent in 2022
Bryan Russell
DK Real Estate LLC
(423) 645-3505
1 in this area
65 Total Sales
-
Lacey Russell
L
Seller Co-Listing Agent in 2022
Lacey Russell
DK Real Estate LLC
(423) 424-6440
1 in this area
56 Total Sales
-
Morgan Gillette
Buyer's Agent in 2022
Morgan Gillette
RE/MAX
1 in this area
7 Total Sales
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1390771
APN: 126C-B-011
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