NOT LISTED FOR SALE

Estimated Value: $234,000 - $283,000

3 Beds
1 Bath
1,200 Sq Ft
$212/Sq Ft Est. Value

Last Sold June 28, 2013

Last sale price $74,900 $62 Per Sq Ft

Est. 231% increase in value since last sale

Current estimated payment $1,367/month

92 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Eat-In Kitchen
  • Main Floor Primary Bedroom
  • No HOA
  • Living Room

About This Home

As of June 2013

***This property is now in a multiple offer situation. Please complete and email back to me the following: 1. The 2 -page highest and best offer sheet in the MLS folder 2. Freddie Mac multiple offer acknowledgment form also in the MLS folder. 3. Bank letter proof of funds or prequalification. Please make sure buyer signs all forms and they are returned to me by 5 PM May 29, 2013. If you don't fully comply with these documents your offer cannot be entered into the Freddie Mac home steps connect system.*** EMAIL IS BEST CONTACT FOR LISTING BROKER! Freddie Mac First Look Initiative :: Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative. This on-going ini iative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 15 days of listing, without competition from investors. The purchaser does not need to be a first time homebuyer to be eligible provided, however, that they are buying the home as their residence. FOR MORE ON FIRST LOOK goto: The property is marketed in AS-IS, WHERE IS condition only. It is the sellers intention NOT to repair or rehab this property. Please submit all offers using the OFFER WORKSHEET in the MLS document folder (D) DO NOT send the actual TAR contract until after you are notified that a verbal agreement has been reached. A LOAN COMMITMENT letter or proof of funds is required on all offers. If the offer is cash, you must furnish proof buyer has cash to close at time of offer and obtain. If offer has financing, you must obtain an APPROVED loan commitment letter from a direct lender, based upon approved credit and income before submitting offer. All offers require a hard close date (not 30 days from acceptance, etc) to be considered. If the offer is cash, the seller will only accept a close date that reflects up to a 21-day escrow period. If an offer has a financing contingency, the seller will only accept a close date that reflects up to a 30-day escrow period. Please be aware the seller will strictly enforce the close date so please make sure it is realistic. A per Diem fee UP TO $200 will be charged to the buyer if closing is delayed due to any fault of the buyer, buyers lender, or buyers agent. All earnest money deposits should be 2% of purchase price (or $1000 minimum). If an offer has financing SEND COMMITMENT LETTER - CREDIT ALREADY APPROVED! If an offer is cash, the buyers escrow deposit will become non-refundable after the inspection period if no written objection or notice of cancellation was received. All commission is NET sales price. ALL OFFERS ARE SUBJECT TO FINAL MANAGEMENT APPROVAL, WHETHER OR NOT FORMALLY STATED IN AN OFFER OR COUNTER-OFFER, until a contract is formally executed. ** Due to the high degree of theft at these vacant REO Properties, the seller does not guarantee the existence of any equipment or personalities prior to offer. ALL Appliances, Heating, Cooling, etc, IF ANY AT THIS PROPERTY ARE SOLD STRICTLY ''AS IS'' ''NO WARRANTIES, NO REPAIRS, NO GUARANTEE OF OPERATION OR CONDITION''.

Last Agent to Sell the Property

Roy Hutchens

R.C.Hutchens Co. LLC, REALTORS License #00057146 Listed on: 03/29/2013

Last Buyer's Agent

Chuck Jones

RE/MAX R. E. Professionals License #285683

RE/MAX R. E. Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,094

Year Built

  • Built in 1938

Lot Details

  • Lot Dimensions are 100.92x195.01
  • Fenced
  • Level Lot

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Wood Flooring
  • Basement
  • Crawl Space
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Schools

  • Dupont Elementary School
  • Hixson Middle School
  • Hixson High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 1090 D 012
  • $21,475 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,094

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 100.92X195.01
  • Subdivision Name: None
  • Directions: South on Hixson Pike (from 153) take right on Ely Road, or from Red Bank take Ashland Terrace to left on Ely Road.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • Living Area: 1200.0
  • New Construction: No
  • Year Built: 1938
  • Location Tax and Legal Parcel Number2: 1090 D 012
  • Location Tax and Legal Elementary School: DuPont Elementary
  • Location Tax and Legal Middle Or Junior School2: Hixson Middle
  • Location Tax and Legal High School: Hixson High
  • Location Tax and Legal:Tax Annual Amount: 1094.0
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Dimensions: 100.92X195.01
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Remarks and Miscellaneous Public Remarks2: ***This property is now in a multiple offer situation. Please complete and email back to me the following: 1. The 2 -page highest and best offer sheet in the MLS folder 2. Freddie Mac multiple offer acknowledgment form also in the MLS folder. 3. Bank letter proof of funds or prequalification. Please make sure buyer signs all forms and they are returned to me by 5 PM May 29, 2013. If you don't fully comply with these documents your offer cannot be entered into the Freddie Mac home steps connect system.*** EMAIL IS BEST CONTACT FOR LISTING BROKER! Freddie Mac First Look Initiative :: Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative. This on-going ini
  • Flooring:Hardwood: Yes
  • Roof:Shingle: Yes
  • General Property Information Attached Carport YN2: No
  • Fencing Fenced: Yes
  • Location Tax and Legal Tax Other Annual Assessment Amount: 21475.0
  • Levels:One and One Half: Yes
  • Special Listing Conditions:Real Estate Owned: Yes
  • Special Features: RealEstateOwned

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Primary Downstairs
  • ResoLivingAreaSource: Owner
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Ceiling Fan(s)2: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Roof: Shingle
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: DuPont Elementary
  • High School: Hixson High
  • Middle Or Junior School: Hixson Middle

Lot Info

  • Parcel #: 1090 D 012

Tax Info

  • Tax Annual Amount: 1094.0
  • Tax Other Annual Assessment Amount: 21475.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2013
Closed on
Jun 25, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Scoggins Lewis P and Scoggins Bonnie Y
Seller's Agent
Roy Hutchens
R.C.Hutchens Co. LLC, REALTORS
Buyer's Agent
Chuck Jones
RE/MAX R. E. Professionals
List Price
$94,900
Sold Price
$74,900
Premium/Discount to List
-$20,000
-21.07%
Current Estimated Value
$247,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,703
Avg. Annual Appreciation
10.25%
Original Mortgage
$73,542
Outstanding Balance
$51,802
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$202,940

Purchase Details

Closed on
Oct 31, 2007
Sold by
Bareham Morella A and Priest Terry
Bought by
Federal Home Loan Mortgage Corporation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,100
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2005
Sold by
Federal National Mortgage Association
Bought by
Fuller Joseph C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,775
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 17, 2005
Sold by
Whiting Albert D and Whiting August Leigh
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,775
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 2, 2001
Sold by
Hunt Hunt Charles C Swafford Martha Lynn Charles C Swafford
Bought by
Hunt Hunt Charles C Charles C and Hunt Swafford Martha Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.99%

Purchase Details

Closed on
Apr 16, 2001
Sold by
Hunt Hunt Charles C Charles C and Hunt Swafford Martha Lynn
Bought by
Whiting Albert D and Whiting August Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.99%

Purchase Details

Closed on
Oct 6, 1999
Sold by
Hunt Hunt Charles C Charles C and Hunt Swafford Martha Lynn
Bought by
Hunt Hunt Charles C Charles C and Hunt Swafford Martha Lynn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Scoggins Lewis P $74,900 None Available
Federal Home Loan Mortgage Corporation $73,015 None Available
Bareham Morella A $119,000 Northgate Title Escrow Inc
Fuller Joseph C $74,500 --
Federal National Mortgage Association $79,308 --
Hunt Hunt Charles C Charles C -- First Title
Whiting Albert D $80,000 --
Hunt Hunt Charles C Charles C -- First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scoggins Lewis P $73,542
Previous Owner Bareham Morella A $107,100
Previous Owner Fuller Joseph C $70,775
Previous Owner Whiting Albert D $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2013 06/28/13 Sold $74,900 -21.1% $62 / Sq Ft
06/28/2013 06/28/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $94,900 -- $79 / 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 $862 $56,900 $0 $0
2024 $855 $38,200 $0 $0
2023 $855 $38,200 $0 $0
2022 $855 $38,200 $0 $0
2021 $855 $38,200 $0 $0
2020 $736 $26,625 $0 $0
2019 $736 $26,625 $0 $0
2018 $733 $26,625 $0 $0
2017 $736 $26,625 $0 $0
2016 $702 $0 $0 $0
2015 $1,403 $25,375 $0 $0
2014 $1,403 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1192465

Greater Chattanooga REALTORS®

APN: 109O-D-012