NOT LISTED FOR SALE

Estimated Value: $457,000 - $601,000

4 Beds
3.5 Baths
3,717 Sq Ft
$139/Sq Ft Est. Value

Last Sold November 07, 2014

Last sale price $194,000 $52 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $2,948/month

78 Days on Market

Highlights

  • Open Floorplan
  • Main Floor Primary Bedroom
  • High Ceiling
  • Deck
  • Bonus Room
  • No HOA

About This Home

As of November 2014

Looking for a home for the whole family, Welcome to 505 Spring Valley LN. This Fantastic home features 4 spacious bedrooms and 3.5 baths with 3717sf located on a 105X265 ft lot. With a little paint this home will be a showplace to impress all your family and guests. As you enter you are greeted by a 2 story foyer. The kitchen includes plenty of cabinets, a dishwasher, microwave, slide in range, and disposal. This open kitchen flows into the living room to easily entertain guests while cooking meals. The living room features a brick fireplace with gas logs. A half bath is easily accessible for company. Off the kitchen is a formal dining room to accompany your big holiday gatherings. The master bedroom is located on the main floor and is big enough for then largest of bedroom suites. The mas ter bath has double vanities and a tub/shower combo. The laundry on the main has a sink and plenty of room for storage and folding clothes. Off the laundry is an office space with additional cabinet storage. Upstairs you will find the additional 3 large bedrooms, 2 full baths, and a bonus room. Downstairs there is a partial basement with 716sf den with a full bath and closet space. The front of the home has a 2 car garage and a separate driveway around the house leads to another 3rd garage. There is a screened in porch around back and an expansive deck with pergola. A gently sloping backyard this space would be ideal for a future in ground pool or garden area. To cool off, this subdivision has a community pool for those hot summer days. Located just minutes from US27, Erlanger North, schools, and only 15 from downtown. Call today for a private showing.

Last Agent to Sell the Property

Tonjia Landreth

Bridge City Realty, LLC License #288428 Listed on: 08/12/2014

Bridge City Realty, LLC

Last Buyer's Agent

GLORIA ROBERTS

NON-MEMBER License #261205

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,649

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 105x265.6
  • Gentle Sloping Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Garage Door Opener

Home Design

  • Three Sided Brick Exterior Elevation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,717 Sq Ft Home
  • 1.5-Story Property
  • Open Floorplan
  • Central Vacuum
  • High Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Den with Fireplace
  • Bonus Room
  • Screened Porch
  • Finished Basement
  • Partial Basement
  • Walk-In Attic
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Double Vanity
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Schools

  • Red Bank Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 108M-B-020
  • $52,200 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Spring Valley Unit 2 Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,649

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 105X265.6
  • Subdivision Name: Spring Valley Unit 2
  • Directions: 0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Living Area: 3717.0
  • New Construction: No
  • Structure Type: Free Standing Building
  • Year Built: 1968
  • Cooling:Electric: Yes
  • Appliances Microwave: Yes
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 108M-B-020
  • Location Tax and Legal Elementary School: Red Bank Elementary
  • Location Tax and Legal Middle Or Junior School2: Red Bank Middle
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 2649.0
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information:Bathrooms Half: 1
  • 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 Dimensions: 105X265.6
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Interior Features Separate Dining Room: Yes
  • Location Tax and Legal Tax Other Annual Assessment Amount: 52200.0
  • Patio And Porch Features Porch - Covered: Yes
  • Patio and Porch Features:Porch-Screened: Yes
  • Levels:One and One Half: Yes
  • Brick and Stone Features 34 Brick: Yes
  • Special Features: None

Interior Features

  • Appliances: Microwave, Gas Water Heater, Electric Range, Disposal, Dishwasher
  • Has Basement: Finished, Partial
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Den, Family Room, Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Central Vacuum, Double Vanity, High Ceilings, Open Floorplan, Primary Downstairs, Separate Dining Room, Tub/shower Combo
  • ResoLivingAreaSource: Appraiser
  • Appliances Dishwasher: Yes
  • Basement:Partial: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Gas Water Heater: Yes
  • Attic Features:Walk-In Attic: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Fireplace Features:Den2: Yes
  • Fireplace Features:Family Room2: Yes
  • Interior Features:Central Vacuum: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Primary Downstairs: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Double Vanity: Yes
  • Pool Features:Community: Yes
  • Interior Features:Ceiling Fan(s)2: Yes

Exterior Features

  • Lot Features: Gentle Sloping, Split Possible
  • Pool Features: Community
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Deck, Patio, Porch, Porch - Covered, Porch - Screened
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Split Possible: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Basement, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Basement: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Red Bank Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Additional Parcels: No
  • Parcel #: 108M-B-020

Tax Info

  • Tax Annual Amount: 2649.0
  • Tax Other Annual Assessment Amount: 52200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2014
Closed on
Nov 7, 2014
Sold by
Tant June R
Bought by
Rowan Steven Wade and Rowan Sherry
Seller's Agent
Tonjia Landreth
Bridge City Realty, LLC
Buyer's Agent
GLORIA ROBERTS
NON-MEMBER
List Price
$248,000
Sold Price
$194,000
Premium/Discount to List
-$54,000
-21.77%
Current Estimated Value
$518,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,293
Avg. Annual Appreciation
9.01%
Original Mortgage
$125,550
Outstanding Balance
$46,935
Interest Rate
4.16%
Mortgage Type
VA
Estimated Equity
$445,423
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Rowan Steven Wade $194,000 Lakeside Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rowan Steven Wade $125,550
Previous Owner Tant Jess R $22,959
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2014 11/07/14 Sold $194,000 -21.8% $52 / Sq Ft
10/28/2014 10/28/14 Pending -- -- --
08/11/2014 08/11/14 For Sale $248,000 -- $67 / 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 $1,487 $66,450 $0 $0
2023 $1,487 $66,450 $0 $0
2022 $1,487 $66,450 $0 $0
2021 $1,487 $66,450 $0 $0
2020 $1,533 $55,425 $0 $0
2019 $1,533 $55,425 $0 $0
2018 $1,389 $55,425 $0 $0
2017 $1,533 $55,425 $0 $0
2016 $1,443 $0 $0 $0
2015 $2,764 $52,200 $0 $0
2014 $2,764 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1215352

Greater Chattanooga REALTORS®

APN: 108M-B-020