NOT LISTED FOR SALE

5514 Alabama Ave Chattanooga, TN 37409

Saint Elmo Neighborhood

Estimated Value: $504,000 - $580,000

3 Beds
2.5 Baths
1,633 Sq Ft
$325/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $482,500 $295 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,905/month

9 Days on Market

Highlights

  • Living Room with Fireplace
  • No HOA
  • Covered Deck
  • Wood Flooring
  • Covered Patio or Porch
  • Cooling System Mounted To A Wall/Window

About This Home

As of August 2022

Welcome Home to 5514 Alabama Ave in popular St Elmo. An adorable bungalow located at the foot of Lookout Mtn features 3 bedrooms, 2.5 baths which sits on a large fully fenced lot. This home offers original 1900 charm combined with a unique rustic, industrial design that you're sure to appreciate. Modern updates such as new plumbing and electrical added in 2010. Other more recent updates include a finished basement, adding a master bedroom and full bathroom along with an office nook, storage and a gym space which could also function as a den or large office. Updated cabinetry was added to the kitchen as well as a 1/2 bath on the main level for added convenience. If you're looking for a property to add a detached garage and perhaps a garage apartment or ADU for extra income, this lot backs up to an alley which can be accessible for both off street parking or to your new detached garage with apartment. Don't let this opportunity pass you by, schedule your showing today!

Last Agent to Sell the Property

Kelly Cooper

Greater Downtown Realty dba Keller Williams Realty License #293309 Listed on: 06/24/2022

Greater Downtown Realty dba Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,777

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 50.7x194.1
  • Level Lot

Interior Spaces

  • 1,633 Sq Ft Home
  • Property has 3 Levels
  • Living Room with Fireplace
  • Dishwasher
  • Unfinished Basement

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch

Schools

  • Calvin Donaldson Elementary School
  • Lookout Valley Middle / High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 167O F 019

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,777

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1900
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: High Ceilings, Primary Bedroom Main Floor
  • Appliances: Refrigerator, Dishwasher
  • Fireplace Features: Living Room
  • Fireplace: No
  • Flooring: Finished Wood, Tile
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Unfinished
  • Building Area Units: Square Feet
  • Living Area: 1633
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Other
  • Patio And Porch Features: Covered Deck, Covered Patio, Covered Porch
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.22
  • Lot Size: 50.7X194.1
  • Lot Size Units: Acres
  • Parcel #: 167O F 019
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1777

MLS Schools

  • Elementary School: Calvin Donaldson Elementary
  • High School: Lookout Valley Middle / High School
  • Middle Or Junior School: Lookout Valley Middle / High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 2, 2022
Sold by
Fava and Hadyn
Bought by
Bates Paden and Bates Abby L
Seller's Agent
Kelly Cooper
Greater Downtown Realty dba Keller Williams Realty
List Price
$490,000
Sold Price
$482,500
Premium/Discount to List
-$7,500
-1.53%
Current Estimated Value
$530,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,623
Avg. Annual Appreciation
3.49%
Original Mortgage
$337,500
Outstanding Balance
$325,473
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$211,948

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 14, 2018
Sold by
Bailey Jason L and Jarrard Bailey Tammy Lynette
Bought by
Fava Hadyn and Fava Laura Sophie
Buyer's Agent
Kelly Cooper
Greater Downtown Realty dba Keller Williams Realty
List Price
$209,900
Sold Price
$195,000
Premium/Discount to List
-$14,900
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.46%
Original Mortgage
$189,150
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 13, 2018
Sold by
Bailey Ashley Kemp and Bailey Ashley Elizabeth
Bought by
Bailey Jason L
Buyer's Agent
Kelly Cooper
Greater Downtown Realty dba Keller Williams Realty
List Price
$209,900
Sold Price
$195,000
Premium/Discount to List
-$14,900
-7.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,150
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2010
Sold by
Woodlee Ryan S and Woodlee Amanda
Bought by
Bailey Jason L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,044
Interest Rate
5.03%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 5, 2005
Sold by
Sarnat Andrew J and Sarnat Catherine A
Bought by
Woodlee Ryan S and Woodlee Roger Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
5.48%
Mortgage Type
Fannie Mae Freddie Mac
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
Bates Paden $482,500 None Listed On Document
Fava Hadyn $195,000 None Available
Bailey Jason L -- Title Guaranty & Trust Co
Bailey Jason L $109,500 None Available
Woodlee Ryan S $38,000 Lenders Title & Escrow Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bates Paden $337,500
Previous Owner Fava Hadyn $189,150
Previous Owner Bailey Jason L $108,044
Previous Owner Woodlee Ryan S $38,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2022 08/02/22 Sold $482,500 -1.5% $295 / Sq Ft
07/03/2022 07/03/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $490,000 +151.3% $300 / Sq Ft
06/14/2018 06/14/18 Sold $195,000 -7.1% $172 / Sq Ft
05/20/2018 05/20/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $209,900 -- $185 / 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 $1,260 $56,300 $0 $0
2023 $1,260 $56,300 $0 $0
2022 $886 $39,600 $0 $0
2021 $886 $39,600 $0 $0
2020 $771 $27,875 $0 $0
2019 $771 $27,875 $0 $0
2018 $761 $27,875 $0 $0
2017 $771 $27,875 $0 $0
2016 $721 $0 $0 $0
2015 $1,438 $26,075 $0 $0
2014 $1,438 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kelly Cooper

    Seller's Agent in 2022

    Kelly Cooper

    Greater Downtown Realty dba Keller Williams Realty

    (678) 516-2541

    2 in this area

    258 Total Sales

    Kelly Cooper
    Section Image
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Map

Source: Realtracs

MLS Number: 2423435

Realtracs

APN: 167O-F-019

Tennessee Hamilton County Chattanooga 37409 Saint Elmo

5514 Alabama Ave, Chattanooga, TN

This home is located at 5514 Alabama Ave, Chattanooga, TN 37409 since 24 June 2022 and is currently estimated at $530,123, approximately $324 per square foot. This property was built in 1900. 5514 Alabama Ave is a home located in Hamilton County with nearby schools including Calvin Donaldson Environmental Science Academy, Lookout Valley Middle/High School, and Chattanooga Charter School of Excellence High.

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