NOT LISTED FOR SALE

515 Gentlemens Ridge Signal Mountain, TN 37377

Estimated Value: $1,746,000 - $2,598,034

6 Beds
10 Baths
11,800 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 11, 2022

Last sale price $1,700,000 $144 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $13,091/month

204 Days on Market

Highlights

  • Guest House
  • Tennis Courts
  • 3.25 Acre Lot
  • Thrasher Elementary School Rated A-
  • In Ground Pool
  • Living Room with Fireplace

About This Home

As of January 2022

Every once in a while, there is an opportunity to own one of Chattanooga's most sought after homes. This classic American Dream Estate sits on over 3 acres in one of Signal Mountains most desired neighborhoods. Meticulously maintained, these sellers have made memories w/ friends & family for over 18 yrs. Tucked away on a cul-de-sac, this home has it all. Move in ready w/ a NEW(2018) state of the art architectural roof w/ transferable warranty. This private oasis features 2 large fenced in backyards, tennis court, nature trail, 11 car garage, and a large enough space to entertain any size crowd with a covered tiki bar and upscale private pool. 515 Gentlemens Ridge is zoned for Signal Mountain schools which are 0.5- 2.9 miles from your front door. As you walk in the front entrance you'll be greeted by a grand foyer looking up at a unique ceiling dome over a spiral staircase. The main level spotlights a gourmet kitchen with 2 sinks, executive office, formal and informal dining areas, laundry room, sitting room, and our favorite... the great room with over 20 ft windows which allow natural light to flow throughout your home. The master bedroom features vaulted ceilings, fire place, sitting room, 2 gigantic his/her walk in closets, & a spacious bathroom. On top level you will find 4 large bedroom suites w/ ample storage. Downstairs in the basement you can let your imagination run wild. With a full kitchen, living room, Master Suite w/ sauna, gym, & 2nd laundry room you can use this as an entertainment space or mother-in-law suite. The Home Theatre allows you to enjoy luxury & entertainment in the comfort of your own home. Be prepared to be impressed with a private backyard resort style of paradise. The heated pool area features a new blue glass fireplace, grill area, & tiki club bar. If your not ready for a showing yet, there's more.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,053

Year Built

  • Built in 2002

Lot Details

  • 3.25 Acre Lot
  • Lot Dimensions are 600x340x4x12x24x347x290
  • Level Lot
  • Irrigation
  • Wooded Lot

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 11,800 Sq Ft Home
  • Property has 3 Levels
  • Wet Bar
  • Central Vacuum
  • Gas Fireplace
  • ENERGY STAR Qualified Windows
  • Living Room with Fireplace
  • 7 Fireplaces
  • Den with Fireplace
  • Recreation Room with Fireplace
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Tennis Courts
  • Covered Deck
  • Covered patio or porch

Additional Homes

  • Guest House

Schools

  • Thrasher Elementary School
  • Signal Mountain Middle/High School

Utilities

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

Community Details

  • Brow Ests Subdivision

Listing and Financial Details

  • Assessor Parcel Number 098O E 010

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,053

Year Built

Built in 2002

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2002
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Central Vacuum, High Ceilings, Walk-In Closet(s), Wet Bar, Primary Bedroom Main Floor
  • Appliances: Refrigerator, Microwave, Disposal, Dishwasher, Double Oven, Electric Oven
  • Fireplace Features: Living Room, Den, Recreation Room, Gas, Great Room, Family Room
  • Fireplace: Yes
  • Fireplaces: 7
  • Flooring: Carpet, Finished Wood, Tile
  • Total Bedrooms: 6
  • Full Bathrooms: 7
  • Half Bathrooms: 3
  • Has Basement: Finished
  • Building Area Units: Square Feet
  • Living Area: 11800
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Tennis Court(s), Carriage/Guest House, Garage Door Opener, Irrigation System
  • Construction Type: Stucco, Other, Brick
  • Patio And Porch Features: Covered Deck, Covered Patio, Covered Porch
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Attached - Side, Attached

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • 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 Fee: 200
  • Association Fee Frequency: Annually
  • Amenities: Sidewalks
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Level, Wooded, Cul-De-Sac, Other
  • Lot Size Acres: 3.25
  • Lot Size: 600x340x4x12x24x347x290
  • Lot Size Units: Acres
  • Parcel #: 098O E 010
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 13053

MLS Schools

  • Elementary School: Thrasher Elementary School
  • High School: Signal Mountain Middle/High School
  • Middle Or Junior School: Signal Mountain Middle/High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jan 11, 2022
Sold by
Patil Tammy Juanita and Patil Vinit Datta
Bought by
Silverman Lance and Silverman Hannah
List Price
$2,200,000
Sold Price
$1,700,000
Premium/Discount to List
-$500,000
-22.73%
Total Days on Market
204
Current Estimated Value
$2,311,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$611,259
Avg. Annual Appreciation
13.87%
Original Mortgage
$1,360,000
Outstanding Balance
$1,276,343
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$1,377,702

Purchase Details

Closed on
Dec 8, 2016
Sold by
Patil Vinit Datta and Patil Tammy Juanita
Bought by
Patil Tammy Juanita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2009
Sold by
Patil Katie Young
Bought by
Patil Vinit Datta

Purchase Details

Closed on
Jun 9, 2004
Sold by
Patil Vinit D
Bought by
Patil Katie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Interest Rate
5.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 16, 2003
Sold by
Potter Troy S and Potter Christa
Bought by
Patil Vinit D and Patil Katie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
5.86%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 18, 2001
Sold by
Langley Hiram G and Langley Emily B
Bought by
Potter Troy S
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Silverman Lance $1,700,000 Reli Settlement Solutions Ll
Patil Tammy Juanita -- Pioneer Title Agency Inc
Patil Vinit Datta -- None Available
Patil Katie -- --
Patil Vinit D $1,425,000 Legal Title & Escrow Inc
Potter Troy S -- Legal Title & Escrow Inc
Potter Troy S $190,315 File Legal Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silverman Lance $1,360,000
Previous Owner Pati Vinil Dallas $210,000
Previous Owner Patil Vinit D $1,188,750
Previous Owner Patil Vinit Datta $250,000
Previous Owner Patil Tammy Juanita $1,350,000
Previous Owner Patil Vinit D $999,850
Previous Owner Patil Vinit D $400,000
Previous Owner Patil Vinit D $350,000
Previous Owner Patil Vinit D $995,000
Previous Owner Patil Vinit D $1,050,000
Previous Owner Langley Hiram G $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2022 01/11/22 Sold $1,700,000 -22.7% $144 / Sq Ft
11/26/2021 11/26/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $2,200,000 -- $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 $9,695 $433,325 $0 $0
2023 $11,998 $433,325 $0 $0
2022 $11,998 $433,325 $0 $0
2021 $11,314 $408,625 $0 $0
2020 $13,453 $399,125 $0 $0
2019 $13,053 $399,125 $0 $0
2018 $12,654 $399,125 $0 $0
2017 $12,574 $399,125 $0 $0
2016 $13,060 $0 $0 $0
2015 $13,060 $408,875 $0 $0
2014 $13,060 $0 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2721384

Realtracs

APN: 098O-E-010