NOT LISTED FOR SALE

531 Lower Cravens Terrace Chattanooga, TN 37409

Lookout Mountain Neighborhood

Estimated Value: $362,000 - $482,000

-- Bed
3 Baths
1,788 Sq Ft
$236/Sq Ft Est. Value

Last Sold August 14, 2013

Last sale price $61,000 $34 Per Sq Ft

Est. 592% increase in value since last sale

Current estimated payment $2,445/month

460 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Lookout Mountain Elementary School Rated A-
  • Views

About This Home

As of August 2013

The (2) upstairs units are rent for $250.00 per month. The downstairs level is much larger but was used by owners son. Projecting income of $325.00 per month.

Last Agent to Sell the Property

John Payne

RE/MAX Renaissance Realtors License #322730 Listed on: 03/20/2012

RE/MAX Renaissance Realtors

Co-Listed By

Barbara Payne

RE/MAX Renaissance Realtors

Last Buyer's Agent

John Payne

RE/MAX Renaissance Realtors License #322730 Listed on: 03/20/2012

RE/MAX Renaissance Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $676

Year Built

  • Built in 1959

Lot Details

  • 1 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,788 Sq Ft Home
  • 2-Story Property
  • Property Views
  • Finished Basement

Schools

  • Lookout Valley Elementary School
  • Lookout Valley Middle School
  • Lookout Valley High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 155I C 018

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Cravens Land Co Subdivision

Building Details

  • Gross Income $9,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$676

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0
  • Lot Size: 175.87X100IRR
  • Co List Office Mls Id: 10628
  • Co List Office Phone: 423-648-8200
  • Subdivision Name: Cravens Land Co
  • Directions: Broad Street South, Scenic Hwy towards Ruby Falls. Just past Ruby Falls turn left onto Lower Cravens. Home is at the lower point of this street.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 1788.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1959
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 155I C 018
  • Location Tax and Legal Elementary School: Lookout Valley Elementary
  • Location Tax and Legal High School: Lookout Valley High
  • Location Tax and Legal:Tax Annual Amount: 676.0
  • 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: 1.0
  • General Property Information Lot Size Square Feet2: 43560.0
  • General Property Information Lot Size Dimensions: 175.87X100IRR
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Water Source:Public: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Lookout Valley Middle
  • General Property Information Stories2: 2
  • Cooling:Window Unit(s): Yes
  • General Property Information Number Of Units Total2: 3.0
  • Owner Pays:Water3: Yes
  • Cooling Wall Unit(s): Yes
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Owner Pays: Water
  • Has Basement: Finished
  • Basement YN: Yes
  • Fireplace: No

Exterior Features

  • View: Other
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Roof: Shingle
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

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

Utilities

  • Cooling: Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Lookout Valley Elementary
  • High School: Lookout Valley High
  • Middle Or Junior School: Lookout Valley Middle

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 155I C 018
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 9000.0

Tax Info

  • Tax Annual Amount: 676.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2012
Closed on
Aug 14, 2013
Sold by
Robertson Robbie
Bought by
Garcilazo Jayme
Seller's Agent
John Payne
RE/MAX Renaissance Realtors
Buyer's Agent
John Payne
RE/MAX Renaissance Realtors
List Price
$69,900
Sold Price
$61,000
Premium/Discount to List
-$8,900
-12.73%
Current Estimated Value
$422,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,000
Avg. Annual Appreciation
19.01%
Original Mortgage
$57,722
Outstanding Balance
$43,279
Interest Rate
4.29%
Mortgage Type
FHA
Estimated Equity
$454,221

Purchase Details

Listed on
Mar 20, 2012
Closed on
Aug 7, 2013
Sold by
Shaffer Martin T and Shaffer Kathleen
Bought by
Robertson Robbie
Seller's Agent
John Payne
RE/MAX Renaissance Realtors
Buyer's Agent
John Payne
RE/MAX Renaissance Realtors
List Price
$69,900
Sold Price
$61,000
Premium/Discount to List
-$8,900
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,722
Outstanding Balance
$43,279
Interest Rate
4.29%
Mortgage Type
FHA
Estimated Equity
$454,221

Purchase Details

Closed on
Jun 3, 2010
Sold by
Robertson Marion Wayne
Bought by
Robertson Robbie

Purchase Details

Closed on
Oct 1, 2007
Sold by
Robertson Robbie
Bought by
Robertson Marion Wayne
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
Garcilazo Jayme $61,000 None Available
Robertson Robbie -- None Available
Robertson Robbie -- None Available
Robertson Marion Wayne -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcilazo Jayme $57,722
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2013 08/14/13 Sold $61,000 -12.7% $34 / Sq Ft
06/23/2013 06/23/13 Pending -- -- --
03/20/2012 03/20/12 For Sale $69,900 -- $39 / 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
2024 $1,804 $80,640 $0 $0
2023 $1,822 $80,640 $0 $0
2022 $1,831 $80,640 $0 $0
2021 $1,831 $80,640 $0 $0
2020 $1,939 $69,160 $0 $0
2019 $1,939 $69,160 $0 $0
2018 $1,939 $69,160 $0 $0
2017 $80 $2,500 $0 $0
2016 $80 $0 $0 $0
2015 $80 $2,500 $0 $0
2014 $69 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Payne

    Seller's Agent in 2013

    John Payne

    RE/MAX Renaissance Realtors

    (423) 413-6134

    14 Total Sales

    John Payne
    Section Image

  • B

    Seller Co-Listing Agent in 2013

    Barbara Payne

    RE/MAX Renaissance Realtors

See All Agents

Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1175991

Greater Chattanooga REALTORS®

APN: 155I-C-018

Tennessee Hamilton County Chattanooga 37409 Lookout Mountain

531 Lower Cravens Terrace, Chattanooga, TN

This home is located at 531 Lower Cravens Terrace, Chattanooga, TN 37409 since 20 March 2012 and is currently estimated at $422,000, approximately $236 per square foot. This property was built in 1959. 531 Lower Cravens Terrace is a home located in Hamilton County with nearby schools including Lookout Mountain Elementary School, Lookout Valley Middle/High School, and Chattanooga Charter School of Excellence High.

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