NOT LISTED FOR SALE

508 Parlem Dr Chattanooga, TN 37415

Estimated Value: $375,084 - $385,000

4 Beds
2.5 Baths
2,116 Sq Ft
$179/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $295,000 $139 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $2,151/month

17 Days on Market

Highlights

  • 0.85 Acre Lot
  • Separate Formal Living Room
  • Covered Patio or Porch
  • A-Frame Home
  • No HOA
  • 2 Car Attached Garage

About This Home

As of August 2022

Welcome to 508 Parlem Dr in the beautiful Paragon Place Subdivision. Though dated, this house was built with highend solid Oak doors and long lasting fixtures. The home has a large master with on suite bath, as well as a walk-out sunroom balcony. An additional 3 large bedrooms and full bath on the same level. The main level has a large den and formal dining room. As well as an enormous kitchen and sitting area. The lower level includes a large finished multipurpose room, half bath and laundry room. The beautiful sweeping lawn is mostly shaded and there are several patio and entertaining spaces. The seller is offering $8,500.00 in renovation credit at closing.

Last Agent to Sell the Property

Maynard Thompson

Zach Taylor Real Estate License #366221 Listed on: 06/12/2022

Zach Taylor Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,118

Year Built

  • Built in 1968

Lot Details

  • 0.85 Acre Lot
  • Lot Dimensions are 100x312

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • A-Frame Home
  • Brick Exterior Construction

Interior Spaces

  • 2,116 Sq Ft Home
  • Property has 3 Levels
  • Wood Burning Fireplace
  • Separate Formal Living Room
  • Carpet
  • Crawl Space
  • Ice Maker

Bedrooms and Bathrooms

  • 4 Bedrooms

Home Security

  • Intercom
  • Fire and Smoke Detector

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch

Schools

  • Alpine Crest Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • Paragon Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 099N C 023

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,118

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: A-Frame
  • Year Built: 1968
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Open Floorplan, Intercom
  • Appliances: Refrigerator, Ice Maker, Electric Range
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Other
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Building Area Units: Square Feet
  • Living Area: 2116
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Garage Door Opener
  • Construction Type: Other, Brick
  • Patio And Porch Features: Covered Deck, Covered Patio, Covered Porch, Screened, 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

  • 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

Lot Info

  • Lot Features: Cul-De-Sac, Other
  • Lot Size Acres: 0.85
  • Lot Size: 100X312
  • Lot Size Units: Acres
  • Parcel #: 099N C 023
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2118

MLS Schools

  • Elementary School: Alpine Crest 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

Listed on
Jun 12, 2022
Closed on
Aug 15, 2022
Sold by
Craig Brady Robert
Bought by
Duarte Roberto and Duarte Lindsey Michelle
Seller's Agent
Maynard Thompson
Zach Taylor Real Estate
List Price
$290,000
Sold Price
$295,000
Premium/Discount to List
$5,000
1.72%
Current Estimated Value
$378,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,521
Avg. Annual Appreciation
8.52%
Original Mortgage
$289,656
Outstanding Balance
$278,061
Interest Rate
5.7%
Mortgage Type
FHA
Estimated Equity
$100,460
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
Duarte Roberto $295,000 Reli Settlement Solutions Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duarte Roberto $289,656
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $295,000 +1.7% $139 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/12/2022 06/12/22 For Sale $290,000 -- $137 / 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 $1,264 $56,500 $0 $0
2023 $2,278 $56,500 $0 $0
2022 $1,926 $56,500 $0 $0
2021 $2,118 $56,500 $0 $0
2020 $2,175 $46,850 $0 $0
2019 $2,175 $46,850 $0 $0
2018 $2,175 $46,850 $0 $0
2017 $2,078 $46,850 $0 $0
2016 $1,942 $0 $0 $0
2015 $1,942 $41,650 $0 $0
2014 $1,942 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2718062

Realtracs

APN: 099N-C-023