$320,000
SOLD SEP 2, 2025
4 Beds
3 Baths
2,291 Sq Ft
0.45 Acres

Recently Sold

$140 Per Sq Ft

27 Days on Market

Highlights

  • 0.45 Acre Lot
  • Engineered Wood Flooring
  • 2 Car Attached Garage
  • Open Floorplan
  • No HOA
  • Eat-In Kitchen

About This Home

As of September 2025

Lease with Option - No Loan Required - Welcome to 4505 Locksly Lane, a spacious and beautifully maintained rental home located in a quiet, established neighborhood in Chattanooga, TN. This impressive 4-bedroom, 3-bathroom residence offers plenty of room to spread out with a full finished basement, ideal for a second living area, guest suite, or home office. Step inside to discover a bright and open floor plan, featuring a large living room, updated kitchen, and ample natural light throughout. Each bedroom is generously sized, with great closet space, while the three full bathrooms provide convenience and comfort for a growing family or roommate setup. Enjoy the outdoors with a private backyard, perfect for relaxing or entertaining. Conveniently located near schools, shopping, restaurants, and major highways, this home combines comfort, space, and location. Schedule your tour today—this rental won't last long!

Last Agent to Sell the Property

Dustin Sherlin

Realty One Group Experts License #300012 Listed on: 08/06/2025

Last Buyer's Agent

Dustin Sherlin

Realty One Group Experts License #300012 Listed on: 08/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,355

Year Built

  • Built in 1960

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 100x200
  • Fenced
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Parking Accessed On Kitchen Level
  • Front Facing Garage
  • Off-Street Parking

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,291 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wood Burning Fireplace
  • Aluminum Window Frames
  • Family Room with Fireplace
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Den with Fireplace
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Free-Standing Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Engineered Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Bathtub with Shower

Finished Basement

  • Partial Basement
  • Laundry in Basement

Schools

  • Hillcrest Elementary School
  • Brown Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Murray Hills Subdivision

Listing and Financial Details

  • Lease Option
  • Assessor Parcel Number 129a E 021

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,355

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.45
  • Lot Size: 100X200
  • Subdivision Name: Murray Hills
  • Directions: HWY. 58 NORTH, LEFT ON MURRAY HILLS DRIVE, RIGHT ON LOCKSLEY LN.
  • Above Grade Finished Sq Ft: 2423.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Multi/Split, One
  • Living Area: 2291.0
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Free Standing Building
  • Year Built: 1960
  • Appliances Microwave: Yes
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 129a E 021
  • Location Tax and Legal Elementary School: Hillcrest Elementary
  • Location Tax and Legal Middle Or Junior School2: Brown Middle
  • Location Tax and Legal High School: Central High School
  • Location Tax and Legal:Tax Annual Amount: 2354.71
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Above Grade Finished Area: 2423.0
  • 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: 0.45
  • General Property Information Lot Size Square Feet2: 19602.0
  • General Property Information Lot Size Dimensions: 100X200
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • General Property Information Senior Community YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Underground Utilities: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Tile: Yes
  • Interior Features Tub Shower Combo: Yes
  • Roof:Shingle: Yes
  • Utilities Phone Available: Yes
  • Sewer:Public Sewer: Yes
  • Room Types Bedroom Level: First
  • Foundation Details Block2: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Room Types Living Room: Yes
  • Room Types Living Room Level: First
  • Fencing Fenced: Yes
  • Room Types Primary Bedroom Level: First
  • Interior Features En Suite: Yes
  • General Property Information Stories2: 1
  • Room Types Dining Room: Yes
  • Room Types Dining Room Level: First
  • Room Types Family Room: Yes
  • Room Types Family Room Level: Basement
  • Room Types Laundry: Yes
  • Room Types Laundry Level: Basement
  • Listing Terms:Lease Option: Yes
  • Flooring:Vinyl: Yes
  • Parking Features Kitchen Level2: Yes
  • Flooring Engineered Hardwood: Yes
  • Levels MultiSplit: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Microwave, Free-Standing Electric Range, Dishwasher
  • Has Basement: Finished, Partial
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Den, Family Room, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Vinyl
  • Interior Amenities: Eat-in Kitchen, En Suite, Open Floorplan, Primary Downstairs, Tub/shower Combo, Walk-In Closet(s)
  • Window Features: Aluminum Frames
  • Appliances Dishwasher: Yes
  • Basement:Partial: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Fireplace Features:Den2: Yes
  • Fireplace Features:Family Room2: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Gentle Sloping, Level, Sloped
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Features: Other
  • Foundation Details: Block
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Sloped: Yes
  • Window Features:Aluminum Frames: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Garage Faces Front, Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Off Street: Yes
  • Parking Features:Garage Faces Front: Yes

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Hillcrest Elementary
  • High School: Central High School
  • Middle Or Junior School: Brown Middle

Lot Info

  • Lot Size Sq Ft: 19602.0
  • Additional Parcels: No
  • Parcel #: 129a E 021

Tax Info

  • Tax Annual Amount: 2354.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2018
Sold by
Fowler Eva O
Bought by
Fowler Toney and Avery Nora

Purchase Details

Closed on
Jun 1, 2018
Sold by
Perez Rafael R
Bought by
Perez Eva O

Purchase Details

Closed on
Apr 10, 2007
Sold by
Perez Eva O
Bought by
Perez Rafael R and Perez Eva O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
May 12, 2003
Sold by
Perez Rafael Ramirez
Bought by
Perez Eva O

Purchase Details

Closed on
Apr 30, 2001
Sold by
William Honeycutt
Bought by
Perez Rafael Ramirez and Perez Eva O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.9%

Purchase Details

Closed on
Oct 1, 1999
Sold by
Jo Honeycutt Mary
Bought by
Honeycutt William and Honeycutt Susanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,300
Interest Rate
7.48%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Secure Title & Escrow Llc
Interfamily Deed Transfer -- Legacy Title & Escrow Llc
Warranty Deed $98,400 --
Interfamily Deed Transfer $89,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $74,600 New Conventional
Closed $73,000 Unknown
Closed $60,000 No Value Available
Previous Owner $69,300 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Sold $320,000 0.0% $140 / Sq Ft
08/06/2025 08/06/25 For Sale $320,000 0.0% $140 / Sq Ft
07/22/2025 07/22/25 For Rent $1,975 -- --
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 $1,174 $52,475 $0 $0
2023 $1,174 $52,475 $0 $0
2022 $1,174 $52,475 $0 $0
2021 $1,174 $52,475 $0 $0
2020 $991 $35,825 $0 $0
2019 $991 $35,825 $0 $0
2018 $942 $35,825 $0 $0
2017 $991 $35,825 $0 $0
2016 $855 $0 $0 $0
2015 $1,684 $30,925 $0 $0
2014 $1,684 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1518186

Greater Chattanooga REALTORS®

APN: 129A-E-021