NOT LISTED FOR SALE

5031 Signal Mill Ln Signal Mountain, TN 37377

Fairmount Neighborhood

Estimated Value: $652,910 - $763,000

4 Beds
3.5 Baths
2,586 Sq Ft
$275/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $429,700 $166 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,984/month

108 Days on Market

Highlights

  • Wood Flooring
  • Covered patio or porch
  • Covered Deck
  • Nolan Elementary School Rated A-
  • 2 Car Attached Garage
  • Walk-In Closet

About This Home

As of August 2020

**Open House this Sunday 2-4pm** The Witten is the newest model in Signal Farms, designed with the growing family in mind. With 4 bedrooms, 3 ½ bathrooms, a flex space and a bonus space, this easy to enjoy and easy to maintain farmhouse style home is easily the best value on Signal Mountain. Downstairs you will find a master bedroom suite, smartly situated near the laundry room, mudroom and powder room. The covered front patio and covered back porch foster outdoor living and the sense of community in this neighborhood. Gas lanterns bejewel the home, further showcasing this chic, fresh design. Each home is exquisitely built with impeccable care and attention to detail, with the underlying goal of creating homes that are equally as beautiful as they are functional. All homes offer oversized lots ranging from half an acre to over an acre. This small community of 26 homes will only have one phase of building. In 20 minutes residents can get to downtown Chattanooga, and just as easily in 20 minutes can be on the other side of town to Target and the conveniences of Hixson. Signal Farms is zoned for award winning Signal Mountain schools and lower taxes. Live in comfort knowing that this home, like all homes in Signal Farms, is exclusively built by Chattanooga's Builder of the Year. Call today to start the fun and easy process of buying your dream home in Signal Farms.

Last Listed By

Ryan May

Real Estate Partners Chattanooga, LLC Brokerage Phone: 4236675922 License #298465 Listed on: 02/28/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,377

Year Built

  • Built in 2020

Lot Details

  • 0.7 Acre Lot
  • Level Lot

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 2,586 Sq Ft Home
  • Property has 3 Levels
  • Living Room with Fireplace
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Outdoor Features

  • Covered Deck
  • Covered patio or porch

Schools

  • Nolan Elementary School
  • Signal Mountain Middle/High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Community Details

  • Signal Farms Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,377

Year Built

Built in 2020

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2020
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: NEW
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Builder
  • Attribution Contact: 4236675922
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Interior Amenities: High Ceilings, Walk-In Closet(s), Primary Bedroom Main Floor
  • Appliances: Microwave, Dishwasher
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Finished Wood, Tile
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Building Area Units: Square Feet
  • Living Area: 2586
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Builder

Exterior Features

  • Exterior Features: Garage Door Opener
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered Deck, Covered Patio, Covered Porch
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association Fee: 150
  • Association Fee Frequency: Annually
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.7
  • Lot Size: 0
  • Lot Size Units: Acres
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Nolan Elementary School
  • High School: Signal Mountain Middle/High School
  • Middle Or Junior School: Signal Mountain Middle/High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Aug 7, 2020
Sold by
Rp Homes Llc
Bought by
Rapaport Stephen and Rapaport Treena
Seller's Agent
Ryan May
Real Estate Partners Chattanooga, LLC
List Price
$414,700
Sold Price
$429,700
Premium/Discount to List
$15,000
3.62%
Total Days on Market
108
Current Estimated Value
$710,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$281,278
Avg. Annual Appreciation
10.84%
Original Mortgage
$343,760
Outstanding Balance
$308,870
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$396,653
Source: Public Records

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Range of Values:

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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
Rapaport Stephen $429,700 Title Guaranty & Trust Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rapaport Stephen $343,760
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2020 08/07/20 Sold $429,700 +3.6% $166 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $414,700 -- $160 / Sq Ft
Source: Realtracs

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 $2,377 $106,225 $0 $0
2023 $2,386 $106,225 $0 $0
2022 $2,386 $106,225 $0 $0
2021 $2,386 $106,225 $0 $0
2020 $553 $20,000 $0 $0
2019 $553 $20,000 $0 $0
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan May

    Seller's Agent in 2020

    Ryan May

    Real Estate Partners Chattanooga, LLC

    (843) 810-0316

    16 in this area

    745 Total Sales

    Ryan May
    Section Image
See All Agents

Map

Source: Realtracs

MLS Number: 2421586

Realtracs

APN: 079L-B-002

Tennessee Hamilton County Signal Mountain 37377 Fairmount

5031 Signal Mill Ln, Signal Mountain, TN

This home is located at 5031 Signal Mill Ln, Signal Mountain, TN 37377 since 28 February 2020 and is currently estimated at $710,978, approximately $274 per square foot. This property was built in 2020. 5031 Signal Mill Ln is a home located in Hamilton County with nearby schools including Nolan Elementary School, Signal Mountain Middle/High School, and Signal Mountain Christian School.

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.

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