NOT LISTED FOR SALE

5575 Little Gem Ln Ooltewah, TN 37363

Estimated Value: $388,000 - $461,000

3 Beds
2.5 Baths
1,764 Sq Ft
$238/Sq Ft Est. Value

Last Sold February 06, 2019

Last sale price $259,000 $147 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,367/month

23 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Main Floor Primary Bedroom
  • Wallace A. Smith Elementary School Rated A-
  • Wood Flooring
  • Bonus Room

About This Home

As of February 2019

New Construction home in Ooltewah's Magnolia Creek is ready for its lucky owners! This home features an open floor plan, 3 Bedrooms, 2.5 Baths and a finished Bonus Room. Light-filled and open with great flow. Open living with dark hardwood floors and wonderful architectural features. Open eat-in kitchen has stainless steel appliances and plenty of chic gray cabinets. Kitchen opens to back deck with level back yard. Large bedrooms. Master suite has huge walk-in closet and Master Bath with his and hers granite topped vanity. Magnolia Creek new homes community is conveniently located less than 2 miles from Ooltewah Exit 11. Call for more information!

Last Agent to Sell the Property

Ryan May

Real Estate Partners Chattanooga LLC License #298465 Listed on: 12/12/2018

Last Buyer's Agent

Diane Burke

Real Estate Partners Chattanooga LLC License #295114

Real Estate Partners Chattanooga LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $173

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Lot Dimensions are 51.82x86.83
  • Level Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,764 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Great Room
  • Dining Room
  • Bonus Room
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Free-Standing Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Wallace A. Smith Elementary School
  • Hunter Middle School
  • Ooltewah High School

Farming

  • Bureau of Land Management Grazing Rights

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • Magnolia Creek Subdivision

Listing and Financial Details

  • Assessor Parcel Number 131c H 001

Home Details

Home Type

Single Family

Est. Annual Taxes

$173

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 51.82X86.83
  • Subdivision Name: Magnolia Creek
  • Directions: I-75 to Ooltewah Exit 11, left on Lee Hwy. left on Hunter Rd., left on Ooltewah-Harrison Rd., left into Magnolia Creek.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Living Area: 1764.0
  • New Construction: Yes
  • Year Built: 2018
  • Appliances Microwave: Yes
  • Location Tax and Legal Parcel Number2: 131c H 001
  • Location Tax and Legal Elementary School: Wallace A. Smith Elementary
  • Location Tax and Legal Middle Or Junior School2: Hunter Middle
  • Location Tax and Legal High School: Ooltewah
  • Location Tax and Legal:Tax Annual Amount: 172.83
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information:Bathrooms Half: 1
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: Yes
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: Yes
  • General Property Information Carport YN: No
  • General Property Information Lot Size Dimensions: 51.82X86.83
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Underground Utilities: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Utilities Phone Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • Foundation Details Concrete Perimeter: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Microwave, Free-Standing Electric Range, Disposal, Dishwasher
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Eat-in Kitchen, Granite Counters, Primary Downstairs, Walk-In Closet(s)
  • Window Features: Vinyl Frames
  • ResoLivingAreaSource: Plans
  • Appliances Dishwasher: Yes
  • Community Features:Sidewalks: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Basement:None3: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Granite Counters: Yes

Exterior Features

  • Lot Features: Level, Split Possible
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Fiber Cement
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck, Patio, Porch
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Level: Yes
  • Lot Features:Split Possible: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities
  • Water Source: Public
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association Fee: 50.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 50.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Elementary School: Wallace A. Smith Elementary
  • High School: Ooltewah
  • Middle Or Junior School: Hunter Middle

Lot Info

  • Additional Parcels: No
  • Parcel #: 131c H 001

Tax Info

  • Tax Annual Amount: 172.83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2018
Closed on
Feb 5, 2019
Sold by
Peak Point Properties Llc
Bought by
Culbreath Christina D
Seller's Agent
Ryan May
Real Estate Partners Chattanooga LLC
Buyer's Agent
Diane Burke
Real Estate Partners Chattanooga LLC
List Price
$259,000
Sold Price
$259,000
Current Estimated Value
$419,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,703
Avg. Annual Appreciation
7.52%
Original Mortgage
$254,308
Outstanding Balance
$223,582
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$196,121

Purchase Details

Closed on
Mar 29, 2018
Sold by
Stonehill Llc
Bought by
Peak Point Propertis Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
4.38%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Culbreath Christina D $259,000 Team Title Legal Services Pl
Peak Point Propertis Llc -- Jones Raultons Title Ins Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Culbreath Christina D $254,308
Previous Owner Peak Point Propertis Llc $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2019 02/06/19 Sold $259,000 0.0% $147 / Sq Ft
02/06/2019 02/06/19 Sold $259,000 0.0% $147 / Sq Ft
01/04/2019 01/04/19 Pending -- -- --
01/04/2019 01/04/19 Pending -- -- --
12/12/2018 12/12/18 For Sale $259,000 0.0% $147 / Sq Ft
07/02/2018 07/02/18 For Sale $259,000 -- $147 / 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 $1,661 $74,250 $0 $0
2023 $1,670 $74,250 $0 $0
2022 $1,670 $74,250 $0 $0
2021 $1,670 $74,250 $0 $0
2020 $1,583 $56,925 $0 $0
2019 $1,583 $56,925 $0 $0
2018 $173 $6,250 $0 $0
2017 $173 $6,250 $0 $0
2016 $173 $0 $0 $0
2015 $173 $6,250 $0 $0
2014 $173 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1284232

Greater Chattanooga REALTORS®

APN: 131C-H-001