NOT LISTED FOR SALE

506 Manchester Dr Chattanooga, TN 37415

Estimated Value: $421,000 - $447,000

5 Beds
2.5 Baths
2,354 Sq Ft
$185/Sq Ft Est. Value

Last Sold March 18, 2024

Last sale price $435,000 $185 Per Sq Ft

Current estimated payment $2,467/month

2 Days on Market

Highlights

  • Open Floorplan
  • Covered Patio or Porch
  • Laundry Room
  • No HOA
  • Walk-In Closet
  • 1-Story Property

About This Home

As of March 2024

Location, location, location!

Welcome home to 506 Manchester Drive.

This charming home features 2354 square feet that is all on one level and offers 5 bedrooms and 2 and half baths.

The owners have taken meticulous care of this rancher. There are original hardwoods in the main portion of the house and perfectly matched hardwoods throughout the addition.

You have two oversized living rooms with one connecting to the open kitchen that is complete with an island; perfect for all the entertaining the current owners do.

In 2022 there was a master bedroom addition where no expense was spared. The bedroom itself is oversized, as is the master bath, and custom closet.

During the expansion they also updated the laundry room that gives you ample storage!

The inside is wonderful and charming and it doesn't end there, the back yard has a covered porch with a pretty view towards downtown and is fully fenced.

Located on a spacious corner lot, this home is in the heart of Manchester Park, which is adjacent to Stuart Heights and Red Bank. You are also centrally located between North Shore and Hixson!

Last Agent to Sell the Property

Cate Goins

Keller Williams Realty License #332083 Listed on: 02/17/2024

Keller Williams Realty

Last Buyer's Agent

Elizabeth Rogers

Signature Real Estate, LLC License #337384

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,209

Year Built

  • Built in 1955

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 144.8x114.6
  • Fenced

Home Design

  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 2,354 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Basement
  • Crawl Space
  • Laundry Room

Kitchen

  • Free-Standing Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Parking

  • Garage
  • Parking Accessed On Kitchen Level

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Manchester Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 118b H 001

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,209

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Lot Size: 144.8X114.6
  • Subdivision Name: Manchester Park
  • Directions: From downtown, north on Hixson Pike, left on Manchester Drive. House on left at top of hill.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 2354.0
  • New Construction: No
  • Year Built: 1955
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 118b H 001
  • Location Tax and Legal Elementary School: Rivermont 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: 2208.87
  • 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 Acres: 0.38
  • General Property Information Lot Size Square Feet2: 16552.8
  • General Property Information Lot Size Dimensions: 144.8X114.6
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Foundation Details Block2: Yes
  • Levels:One: Yes
  • Fencing Fenced: Yes
  • Laundry Features Laundry Room: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • Parking Features Kitchen Level2: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None

Interior Features

  • Appliances: Free-Standing Electric Range, Dishwasher
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: No
  • Interior Amenities: Open Floorplan, Primary Downstairs, Walk-In Closet(s)
  • Appliances Dishwasher: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes

Exterior Features

  • Fencing: Fenced
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Foundation Details: Block
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch, Porch - Covered
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Kitchen Level
  • General Property Information:Garage YN: Yes

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected
  • 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: Rivermont Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 16552.8
  • Additional Parcels: No
  • Parcel #: 118b H 001
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2208.87

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2024
Closed on
Mar 18, 2024
Sold by
Jones William Sam and Jones Caitlin Elisabeth
Bought by
Baird Morgan
Seller's Agent
Cate Goins
Keller Williams Realty
Buyer's Agent
Elizabeth Rogers
Signature Real Estate, LLC
List Price
$430,000
Sold Price
$435,000
Premium/Discount to List
$5,000
1.16%
Views
33
Current Estimated Value
$435,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$785
Avg. Annual Appreciation
0.77%
Original Mortgage
$427,121
Outstanding Balance
$420,853
Interest Rate
6.64%
Mortgage Type
FHA
Estimated Equity
$18,967

Purchase Details

Closed on
Sep 30, 2021
Sold by
Jones William S and Jones Mary Beth
Bought by
Jones William Same and Jones Caltlin Elisabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2016
Closed on
Jul 15, 2016
Sold by
Morrow John T
Bought by
Jones William S and Jones Mary Beth
Seller's Agent
Sarah Brogdon
Real Estate Partners Chattanooga, LLC
List Price
$168,800
Sold Price
$162,500
Premium/Discount to List
-$6,300
-3.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.54%
Original Mortgage
$121,875
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2015
Sold by
Morrow Viola G
Bought by
Morrow John T

Purchase Details

Closed on
Dec 31, 2014
Sold by
Morrow Michael J and Exum Patricia Karen
Bought by
Morrow John T and Morrow Viola G

Purchase Details

Closed on
Jun 23, 2014
Sold by
Morrow John T and Morrow Viola G
Bought by
Morrow Michael J and Exum Patricia Karen
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 Buyer Sale Price Title Company
Baird Morgan $435,000 None Listed On Document
Jones William Same $275,000 Pioneer Title Ins Agcy Inc
Jones William S $162,500 Jones Raulstone Title Ins Ag
Morrow John T -- None Available
Morrow John T -- None Available
Morrow Michael J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baird Morgan $427,121
Previous Owner Jones William Same $220,000
Previous Owner Jones William S $121,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2024 03/18/24 Sold $435,000 +1.2% $185 / Sq Ft
02/22/2024 02/22/24 Off Market $430,000 -- --
02/17/2024 02/17/24 For Sale $430,000 +164.6% $183 / Sq Ft
07/15/2016 07/15/16 Sold $162,500 -3.7% $85 / Sq Ft
06/17/2016 06/17/16 Pending -- -- --
06/08/2016 06/08/16 For Sale $168,800 -- $88 / 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 $1,101 $49,225 $0 $0
2023 $1,101 $49,225 $0 $0
2022 $1,101 $49,225 $0 $0
2021 $979 $43,750 $0 $0
2020 $1,141 $41,275 $0 $0
2019 $1,141 $41,275 $0 $0
2018 $1,066 $41,275 $0 $0
2017 $1,141 $41,275 $0 $0
2016 $982 $0 $0 $0
2015 $1,917 $35,500 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1387024

Greater Chattanooga REALTORS®

APN: 118B-H-001