NOT LISTED FOR SALE

5550 Ginkgo Rd Ooltewah, TN 37363

Estimated Value: $59,805 - $322,000

0.39 Acre
$489,495 Price per Acre
16,988 Sq Ft Lot

Last Sold May 12, 2022

Last sale price $57,500

Est. 232% increase in value since last sale

Current estimated payment $1,103/month

32 Days on Market

About This Lot

As of May 2022

COLLEGEDALE/OOLTEWAH! NICE SIZED, PRIVATE LOT IN POPULAR HOMEWOOD SUBDIVISION- Lot is located in Back of Subdivision allowing for lots of privacy. This Basement Lot is READY to BUILD ON! Community Amenities include: Community Pool, sidewalks, sewer, public water and city trash pick-up all available at street. Within 15 minutes from VOLKSWAGEN, AMAZON & Shopping areas. Custom build your new home today! One of the last LOTS AVAILABLE..

Last Listed By

Sonja Snyder

Realty Specialists License #324674 Listed on: 04/04/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $331

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 109.48x139.35
  • Property fronts a county road
  • Rectangular Lot
  • Sloped Lot
  • Cleared Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

HOA Fees

  • $8 Monthly HOA Fees

Schools

  • Wolftever Elementary School
  • Ooltewah Middle School
  • Ooltewah High School

Utilities

  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 141c E 042

Community Details

Overview

  • Record Association
  • Homewood Subdivision

Recreation

  • Community Pool

Property Details

Property Type

Land

Est. Annual Taxes

$331

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.39
  • Lot Size: 109.48X139.35
  • Road Frontage Type: City Street, County Road
  • Road Surface Type: Paved
  • Subdivision Name: Homewood
  • Directions: I-75 North to Ooltewah Exit (#11), right onto Lee Hwy, right onto Edgmon Rd, right onto Tucker Rd, right into Homewood Subdivision onto Homewood Circle, right onto Jonquil and left onto Gingko. Property on the right.
  • Location Tax and Legal Parcel Number2: 141c E 042
  • Location Tax and Legal Elementary School: Wolftever Elementary
  • Location Tax and Legal High School: Ooltewah
  • Location Tax and Legal:Tax Annual Amount: 331.14
  • General Property Information Lot Size Acres: 0.39
  • General Property Information Lot Size Square Feet2: 16988.4
  • General Property Information Lot Size Dimensions: 109.48X139.35
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • Utilities:Electricity Available: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal Middle or Junior School: Ooltewah Middle
  • General Property Information Senior Community YN2: No
  • General Property Information Flood Zone YN2: No
  • Utilities:Water Available: Yes
  • Utilities Natural Gas Available: Yes
  • Utilities:Sewer Available: Yes
  • Lot Features Partially Cleared: Yes
  • Road Frontage Type County Road: Yes
  • Status Change Information Association Name 2: Record
  • Special Features: None

Interior Features

  • Possible Use: Single Family
  • Community Features:Sidewalks: Yes
  • Community Features:Pool: Yes

Exterior Features

  • Lot Features: Rectangular Lot, Sloped, Split Possible, Partially Cleared, Will Not Divide
  • View: No
  • Waterfront: No
  • Other Structures: None
  • Lot Features:Rectangular Lot: Yes
  • Lot Features:Split Possible: Yes
  • Lot Features:Sloped: Yes

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool, Sidewalks
  • Senior Community: No
  • Association Fee: 100.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 100.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Elementary School: Wolftever Elementary
  • High School: Ooltewah
  • Middle Or Junior School: Ooltewah Middle

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 16988.4
  • Parcel #: 141c E 042
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 331.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
May 11, 2022
Sold by
Jeffrey Cunningham
Bought by
Chai Seung Kwan and Chai Hee Sook
Seller's Agent
Sonja Snyder
Realty Specialists
Buyer's Agent
HELEN L LEE
PrimeTime Realty
List Price
$59,900
Sold Price
$57,500
Premium/Discount to List
-$2,400
-4.01%
Total Days on Market
32
Current Estimated Value
$190,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,403
Avg. Annual Appreciation
2.03%

Purchase Details

Listed on
Nov 21, 2016
Closed on
Mar 9, 2017
Sold by
Norgren Jeffery and Norgren Sharon
Bought by
Cunningham Jeffrey
Seller's Agent
Sonja Snyder
Realty Specialists
Buyer's Agent
Sonja Snyder
Realty Specialists
List Price
$27,500
Sold Price
$24,500
Premium/Discount to List
-$3,000
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.90%
Original Mortgage
$21,000
Interest Rate
4.19%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Dec 24, 2007
Sold by
Arner Jerome
Bought by
Norgren Jeffery and Norgren Sharon

Purchase Details

Closed on
Jul 5, 2007
Sold by
Cornerstone Land Llc
Bought by
Arner Jerome

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,225
Interest Rate
6.37%
Mortgage Type
Unknown

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
Chai Seung Kwan $57,500 None Listed On Document
Cunningham Jeffrey $24,500 First Choice Title Inc
Norgren Jeffery $40,000 Realty Title & Escrow Servic
Arner Jerome $26,500 Title Services Of Tn Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cunningham Jeffrey $21,000
Previous Owner Arner Jerome $17,225
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2022 05/12/22 Sold $57,500 -4.0% --
05/06/2022 05/06/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $59,900 +144.5% --
03/09/2017 03/09/17 Sold $24,500 -10.9% --
02/24/2017 02/24/17 Pending -- -- --
11/21/2016 11/21/16 For Sale $27,500 -- --
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 $308 $13,750 $0 $0
2023 $521 $13,750 $0 $0
2022 $499 $13,750 $0 $0
2021 $499 $13,750 $0 $0
2020 $331 $7,500 $0 $0
2019 $331 $7,500 $0 $0
2018 $302 $7,500 $0 $0
2017 $302 $7,500 $0 $0
2016 $259 $0 $0 $0
2015 $259 $6,250 $0 $0
2014 $259 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1351819

Greater Chattanooga REALTORS®

APN: 141C-E-042