Dale Nichols
Parks Auction & Realty
(615) 265-1079
169 Total Sales
1 in Red Bank
$255,200 Price
442 Hedgewood Dr Chattanooga, TN 37405
Red Bank AreaEstimated Value: $75,000 - $85,634
3
Beds
2
Baths
1,635
Sq Ft
$49/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
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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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 7, 2024
Closed on
May 21, 2024
Sold by
Bought by
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
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,683
Avg. Annual Appreciation
-2.54%
Purchase Details
Listed on
Jun 10, 2022
Closed on
Sep 28, 2022
Sold by
Bought by
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
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Chattanooga, TN
-
Dale Nichols
-
Grace Frank
Grace Frank
Zach Taylor Chattanooga
(706) 841-9230
165 Total Sales
3 in Red Bank
$175K - $270K Price Range
-
Tom Murray
Tom Murray
Responds QuicklyATLAS GLOBAL REAL ESTATE
(629) 777-4568
88 Total Sales
1 in Red Bank
$492,000 Price
-
Marie King
Marie King
Responds QuicklyKeller Williams Realty
(423) 401-9412
136 Total Sales
17 in Red Bank
$230K - $490K Price Range
-
Tonjia Landreth
Tonjia Landreth
Bridge City Realty, LLC
(423) 840-8609
118 Total Sales
1 in Red Bank
$95,000 Price
-
Becky Smith
Becky Smith
RE/MAX Renaissance Realtors
(423) 558-3350
70 Total Sales
4 in Red Bank
$250K - $325K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $85,000 | Bridge City Title | ||
| $146,000 | Choice Title | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $250,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
M
Seller's Agent in 2024
Michael Schmitt
Horizon Sotheby's International Realty
9 Total Sales
-
Bryan Russell
B
Seller's Agent in 2022
Bryan Russell
DK Real Estate LLC
(423) 645-3505
61 Total Sales
-
Lacey Russell
L
Seller Co-Listing Agent in 2022
Lacey Russell
DK Real Estate LLC
(423) 424-6440
49 Total Sales
-
Morgan Gillette
Buyer's Agent in 2022
Morgan Gillette
RE/MAX
6 Total Sales
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1390771
APN: 126C-B-011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data is deemed reliable but is not guaranteed accurate by the MLS.
Ten-X does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited
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