NOT LISTED FOR SALE

507 S Lovell Ave Chattanooga, TN 37412

Estimated Value: $237,147 - $274,000

2 Beds
1 Bath
1,137 Sq Ft
$218/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $139,900 $123 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $1,389/month

5 Days on Market

Highlights

  • Deck
  • Porch
  • Patio
  • No HOA
  • Cooling Available
  • Central Heating

About This Home

As of March 2020

Hurry up on this one! The 2 bedroom 1 bath bungalow has been completely updated and ready for it's new owners! The seller has lived there for over 20 years and raised her family there, so in addition to the main floor, there is a walk up attic that could be used if you need more space. The Kitchen Appliances are in Great Condition. Seller has installed new linoleum floors in the Kitchen, Bathroom, and Laundry Room. There is also a small Outbuilding and Garage and Carport on this pancake level lot. There is a Cellar which is accessible from the Laundry Room. Perfect for an Investor as it would make a great Rental, or a first time home buyer! Located between downtown and Hamilton Place, this home is perfect tor the price!

Last Buyer's Agent

Kathleen Hill

Real Estate Partners Chattanooga, LLC License #323812

Real Estate Partners Chattanooga, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,070

Year Built

  • Built in 1940

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50x168
  • Level Lot

Parking

  • 1 Car Garage
  • 1 Carport Space

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,137 Sq Ft Home
  • Property has 3 Levels
  • Gas Fireplace
  • ENERGY STAR Qualified Windows
  • Living Room with Fireplace
  • Carpet
  • Crawl Space
  • Fire and Smoke Detector
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • East Ridge Elementary School
  • East Ridge Middle School
  • East Ridge High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • Hamilton Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 169B L 021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,070

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: EXIST
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Open Floorplan, Primary Bedroom Main Floor
  • Appliances: Refrigerator, Dishwasher
  • Fireplace Features: Living Room, Gas
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Other
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Has Basement: Crawl Space
  • Building Area Units: Square Feet
  • Living Area: 1137
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Patio, Porch
  • Pool Private: No
  • Roof: Asphalt
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Detached
  • Total Parking Spaces: 2

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • 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: No
  • Senior Community: No

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.19
  • Lot Size: 50X168
  • Lot Size Units: Acres
  • Parcel #: 169B L 021
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1070

MLS Schools

  • Elementary School: East Ridge Elementary School
  • High School: East Ridge High School
  • Middle Or Junior School: East Ridge Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Mar 27, 2020
Sold by
Stampfli Karen
Bought by
Beard Ellison
Buyer's Agent
Kathleen Hill
Real Estate Partners Chattanooga, LLC
List Price
$129,900
Sold Price
$139,900
Premium/Discount to List
$10,000
7.7%
Current Estimated Value
$248,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,387
Avg. Annual Appreciation
10.86%
Original Mortgage
$128,113
Outstanding Balance
$112,853
Interest Rate
2.99%
Mortgage Type
FHA
Estimated Equity
$133,251

Purchase Details

Closed on
Jan 19, 2001
Sold by
Stampfli Stephen H
Bought by
Stampfli Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.16%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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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
Beard Ellison $139,900 First Choice Title Inc
Stampfli Karen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beard Ellison $30,000
Open Beard Ellison $128,113
Previous Owner Stampeli Karen $70,000
Previous Owner Stampfli Karen $73,006
Previous Owner Stampfli Karen $52,000
Previous Owner Stampfli Karen $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2020 03/27/20 Sold $139,900 +7.7% $123 / Sq Ft
02/23/2020 02/23/20 Pending -- -- --
02/18/2020 02/18/20 For Sale $129,900 -- $114 / 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 $786 $35,150 $0 $0
2023 $1,235 $35,150 $0 $0
2022 $1,235 $35,150 $0 $0
2021 $1,415 $35,150 $0 $0
2020 $1,070 $21,475 $0 $0
2019 $1,070 $21,475 $0 $0
2018 $1,070 $21,475 $0 $0
2017 $1,070 $21,475 $0 $0
2016 $1,007 $0 $0 $0
2015 $1,007 $19,525 $0 $0
2014 $1,007 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2917400

Realtracs

APN: 169B-L-021