RENTED SEP 16, 2025

516 Hedgewood Dr Chattanooga, TN 37405

Estimated Value: $325,000 - $385,000

4 Beds
3 Baths
1,476 Sq Ft
$241/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $268,000 $182 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,806/month

Highlights

  • Deck
  • No HOA
  • Eat-In Kitchen
  • Wood Flooring
  • Formal Dining Room
  • Bathtub with Shower

About This Home

As of September 2025

Beautifully renovated and move in ready. This four bedroom, three bath home sits on one level. The interior has been completely repainted; new concrete driveway; new replacement windows; new exterior front door; new flooring throughout; new master bathroom shower/bathtub; new vanities and plumbing fixtures; new granite kitchen countertops; new tile backsplash; new interior doors; and new lighting throughout, Oversized unfinished basement would be a perfect workshop. No pets, no smoking. Owner/Agent.

Last Agent to Rent the Property

Rachael Henderson

Crye-Leike, REALTORS License #306800 Listed on: 07/11/2025

Crye-Leike, REALTORS

Last Renter's Agent

Rachael Henderson

Crye-Leike, REALTORS License #306800 Listed on: 07/11/2025

Crye-Leike, REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,487

Year Built

  • Built in 1942 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 159.9x255
  • Sloped Lot

Parking

  • Off-Street Parking

Home Design

  • Block Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,476 Sq Ft Home
  • 1-Story Property
  • Vinyl Clad Windows
  • Formal Dining Room
  • Wood Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry closet

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathtub with Shower

Outdoor Features

  • Deck
  • Patio

Schools

  • Red Bank 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

Listing and Financial Details

  • Property Available on 5/19/25
  • 12 Month Lease Term
  • Available 5/19/25
  • Assessor Parcel Number 126c B 014

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,487

Year Built

Built in 1942 | Remodeled

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water
  • Available Date: 2025-05-19
  • Tenant Pays:Sewer3: Yes

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential Lease
  • Lot Size Acres: 0.31
  • Lot Size: 159.9X255
  • Inclusions: Furnished/Unfurnished: Unfurnished
  • Subdivision Name: None
  • Directions: From TN-27 take Dayton Blvd/Red Bank exit, turn left at second light onto Hedgewood Dr. House is on left.
  • Above Grade Finished Sq Ft: 1754.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1476.0
  • New Construction: No
  • Year Built: 1942
  • Appliances Microwave: Yes
  • Rental Info Date Available: 2025-05-19
  • Location Tax and Legal Parcel Number2: 126c B 014
  • Location Tax and Legal Elementary School: Red Bank 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 Additional Parcels YN: No
  • General Property Information Above Grade Finished Area: 1754.0
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 0.31
  • General Property Information Lot Size Square Feet2: 13503.6
  • General Property Information Lot Size Dimensions: 159.9X255
  • 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
  • Remarks and Miscellaneous Public Remarks2: Beautifully renovated and move in ready. This four bedroom, three bath home sits on one level. The interior has been completely repainted; new concrete driveway; new replacement windows; new exterior front door; new flooring throughout; new master bathroom shower/bathtub; new vanities and plumbing fixtures; new granite kitchen countertops; new tile backsplash; new interior doors; and new lighting throughout, Oversized unfinished basement would be a perfect workshop. No pets, no smoking. Owner/Agent.
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Hardwood: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Laundry Closet: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Foundation Details Block2: Yes
  • Levels:One: Yes
  • Interior Features Separate Dining Room: Yes
  • Contract Information Lease Term: 12 Months
  • Location Tax and Legal Tax Annual Amount2: 2487.21
  • General Property Information Builder's Warranty YN3: No
  • Pets Allowed:No: Yes
  • Special Features: None

Interior Features

  • Appliances: Microwave, Electric Range, Dishwasher
  • Owner Pays: Other
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Eat-in Kitchen, Primary Downstairs, Separate Dining Room, Tub/shower Combo
  • Window Features: Vinyl Frames
  • Basement:Unfinished: Yes
  • Appliances Dishwasher: Yes
  • Full Basement: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes
  • Interior Features:Primary Downstairs: Yes

Exterior Features

  • Lot Features: Sloped
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Construction Type: Other
  • Exterior Features: None
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Updated/Remodeled
  • Roof: Shingle
  • Exterior Features:None8: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Window Features:Vinyl Frames: Yes
  • Lot Features:Sloped: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No
  • Pets Allowed: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 13503.6
  • Additional Parcels: No
  • Parcel #: 126c B 014

Tax Info

  • Tax Annual Amount: 2487.21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
May 30, 2023
Sold by
Morgan Michelle Lynn
Bought by
Se First Holding Llc
Seller's Agent
Tory Lewis
Greater Chattanooga Realty, Keller Williams Realty
List Price
$285,000
Sold Price
$268,000
Premium/Discount to List
-$17,000
-5.96%
Current Estimated Value
$325,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,333
Avg. Annual Appreciation
11.53%

Purchase Details

Listed on
May 6, 2015
Closed on
Jul 24, 2015
Sold by
Richman Barbara J and Glover Deborah R
Bought by
Burt Daniel
Seller's Agent
Tim Metcalf
RE/MAX Properties
Buyer's Agent
LAURIE DOMENICO
Re/Max Real Estate Ten West
List Price
$125,000
Sold Price
$115,500
Premium/Discount to List
-$9,500
-7.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%
Original Mortgage
$113,407
Interest Rate
3.93%
Mortgage Type
FHA

Purchase Details

Listed on
May 6, 2015
Closed on
Jul 10, 2015
Sold by
Richman Barbara J and Glover Deborah R
Bought by
Morgan Michelle Lynn
Seller's Agent
Tim Metcalf
RE/MAX Properties
Buyer's Agent
LAURIE DOMENICO
Re/Max Real Estate Ten West
List Price
$125,000
Sold Price
$115,500
Premium/Discount to List
-$9,500
-7.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,407
Interest Rate
3.93%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 17, 2005
Sold by
Higgins Martha P
Bought by
Richman William H and Richman Barbara J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Se First Holding Llc $268,000 None Listed On Document
Burt Daniel $12,000 Lenders Title & Escrow Llc
Morgan Michelle Lynn $115,500 Lenders Title & Escrow Llc
Richman William H $95,000 Legal Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morgan Michelle Lynn $113,407
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2025 09/16/25 Rented -- -- --
09/03/2025 09/03/25 Price Changed $1,900 -9.5% $1 / Sq Ft
08/25/2025 08/25/25 Price Changed $2,100 -12.5% $1 / Sq Ft
07/19/2025 07/19/25 Price Changed $2,400 -7.7% $2 / Sq Ft
07/11/2025 07/11/25 For Rent $2,600 0.0% --
05/30/2023 05/30/23 Sold $268,000 -6.0% $153 / Sq Ft View Prior Sale
05/11/2023 05/11/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $285,000 +146.8% $162 / Sq Ft
07/10/2015 07/10/15 Sold $115,500 -7.6% $66 / Sq Ft View Prior Sale
05/20/2015 05/20/15 Pending -- -- --
05/06/2015 05/06/15 For Sale $125,000 -- $71 / 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
2025 $1,269 $83,700 $0 $0
2024 $1,274 $56,950 $0 $0
2023 $1,796 $44,175 $0 $0
2022 $1,514 $44,175 $0 $0
2021 $1,706 $44,175 $0 $0
2020 $1,547 $31,750 $0 $0
2019 $1,547 $31,750 $0 $0
2018 $1,547 $31,750 $0 $0
2017 $1,481 $31,750 $0 $0
2016 $1,464 $0 $0 $0
2015 $1,464 $30,025 $0 $0
2014 $1,464 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1516528

Greater Chattanooga REALTORS®

APN: 126C-B-014