NOT LISTED FOR SALE

Estimated Value: $437,000 - $462,000

4 Beds
3 Baths
2,149 Sq Ft
$208/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $400,000 $186 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,547/month

19 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Community Playground
  • Separate Formal Living Room
  • Cooling Available
  • Central Heating

About This Home

As of March 2023

Welcome to 507 Spring Valley Lane! This 4 bedroom, 3 bathroom home is nestled on a cul-de-sac on an established street. Spring Valley community provides year round views of Signal Mountain, walkability, pool, and an entrenched neighborhood atmosphere for fellowship and friendship. Walk to middle and high school! Conveniently located to US-27 and Downtown Chattanooga, this home has been lovingly-maintained by one owner for the last two decades. Home boasts hardwood floors, separate dining room, eat-in kitchen, and MORE! Finished basement was designed with entertaining in mind: complete with a bar area, living room with commanding brick fireplace, bathroom, bedroom, and large sunroom with a hot tub. 2-car garage provides additional storage. Enjoy the neighborhood pavilion for gatherings, picnics, and optional community pool membership available. CONVENIENTLY LOCATED just 4 minutes to US 27, 5 minute drive to Red Bank Middle and High Schools, less than 10 minutes to Baylor, and 13 minutes to Downtown Chattanooga.(Buyer to verify square footage. Buyer is responsible to do their due diligence to verify that all information is correct, accurate and for obtaining any and all restrictions for the property.)

Last Agent to Sell the Property

Todd Henon

Greater Downtown Realty dba Keller Williams Realty License #280357 Listed on: 01/26/2023

Greater Downtown Realty dba Keller Williams Realty

Last Buyer's Agent

Wendi Stott

Greater Chattanooga Realty, Keller Williams Realty License #310146,287533

Greater Chattanooga Realty, Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,486

Year Built

  • Built in 1969

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 105x265.6

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,149 Sq Ft Home
  • Property has 3 Levels
  • ENERGY STAR Qualified Windows
  • Separate Formal Living Room
  • Den with Fireplace
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Porch

Schools

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

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 108M B 021

Community Details

Overview

  • Spring Valley Unit 2 Subdivision

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,486

Year Built

Built in 1969

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1969
  • Unit Levels: Three Or More
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Interior Amenities: Primary Bedroom Main Floor
  • Appliances: Refrigerator, Microwave, Dishwasher
  • Fireplace Features: Den, Family Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Finished Wood, Tile
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 3
  • Has Basement: Finished
  • Building Area Units: Square Feet
  • Living Area: 2149
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick, Other
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

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

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Other
  • Lot Size Acres: 0.61
  • Lot Size: 105X265.6
  • Lot Size Units: Acres
  • Parcel #: 108M B 021
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2486

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2002
Sold by
Heywood Humphrey Barrett
Bought by
Levin Laura K
Current Estimated Value
$446,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,750
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
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
Levin Laura K $125,000 Northgate Title Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levin Laura K $25,000
Open Levin Laura K $117,450
Closed Levin Laura K $117,900
Closed Levin Laura K $20,000
Closed Levin Laura K $118,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2023 03/29/23 Sold $400,000 +0.3% $186 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $399,000 -- $186 / 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 $1,239 $55,400 $0 $0
2023 $1,239 $55,400 $0 $0
2022 $1,239 $55,400 $0 $0
2021 $1,239 $55,400 $0 $0
2020 $1,164 $42,100 $0 $0
2019 $1,164 $42,100 $0 $0
2018 $1,085 $42,100 $0 $0
2017 $1,164 $42,100 $0 $0
2016 $1,063 $0 $0 $0
2015 $2,065 $38,425 $0 $0
2014 $2,065 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2482452

Realtracs

APN: 108M-B-021