G
Seller's Agent in 2022
Grace Frank
Chattanooga Real Estate Group LLC
721 Merriam St Chattanooga, TN 37405
Estimated Value: $312,000 - $355,000
3
Beds
1
Bath
1,595
Sq Ft
$213/Sq Ft
Est. Value
Highlights
- Deck
- Corner Lot
- No HOA
- Wood Flooring
- High Ceiling
- Covered Patio or Porch
About This Home
As of October 2022Welcome to 721 Merriam St, a one-level bungalow situated in Hill City. It features 3 bedrooms, 1 full bathroom, 1,595 sqft, a charming covered front porch, and a spacious backyard complete with a patio. The property was built in 1930 and still maintains some of its original charm such as the hardwood flooring, crown molding, 9 foot ceilings, and decorative fireplace. Both the roof and HVAC have been replaced in the last 10 years. Formerly used as an investment property, it could alternately be restored to recapture its antique charm or completely updated to a more modern floor plan. With neighboring properties selling between $500,000-$800,000, there is an incredible opportunity for equity or appreciation if updated. Located just a short bike ride or drive to an abundance of shopping, dining and grocery stores on Cherokee Blvd and Frazier Ave, Stringers Ridge Park, and just minutes from interstate access, downtown Chattanooga, and major area employers. Schedule your private showing today!
Last Agent to Sell the Property
Grace Frank
Chattanooga Real Estate Group LLC Listed on: 09/17/2022
Last Buyer's Agent
Grace Frank
Chattanooga Real Estate Group LLC Listed on: 09/17/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,859
Year Built
- Built in 1930
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 52x169.2
- Fenced
- Corner Lot
- Sloped Lot
Home Design
- Block Foundation
- Shingle Roof
Interior Spaces
- 1,595 Sq Ft Home
- 1-Story Property
- High Ceiling
- Entrance Foyer
- Living Room
- Formal Dining Room
- Utility Room
- Washer and Gas Dryer Hookup
- Basement
- Crawl Space
Kitchen
- Free-Standing Electric Range
- Dishwasher
Flooring
- Wood
- Linoleum
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Red Bank Elementary School
- Red Bank Middle School
- Red Bank High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
- North Chatt Land Co Subdivision
Listing and Financial Details
- Assessor Parcel Number 126n G 021
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 17, 2022
Closed on
Oct 24, 2022
Sold by
Cawthorne Nicole
Bought by
Wetherill Patrick
Seller's Agent
Grace Frank
Chattanooga Real Estate Group LLC
Buyer's Agent
Grace Frank
Chattanooga Real Estate Group LLC
List Price
$275,000
Sold Price
$265,000
Premium/Discount to List
-$10,000
-3.64%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,421
Avg. Annual Appreciation
8.77%
Purchase Details
Closed on
Sep 30, 2008
Sold by
The Bank Of New York Trust Company Na
Bought by
Cawthorne Nicole
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,415
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 17, 2008
Sold by
Alejandro Theresa
Bought by
The Bank Of New York Trust Co Na and Jpmorgan Chase Bank Na
Purchase Details
Closed on
May 3, 2005
Sold by
Kerley Eunice P
Bought by
Alejandro Theresa
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
5.99%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wetherill Patrick | $265,000 | -- | |
| Cawthorne Nicole | $49,900 | Resource Title Agency | |
| The Bank Of New York Trust Co Na | $45,600 | None Available | |
| Alejandro Theresa | $55,000 | First Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cawthorne Nicole | $42,415 | |
| Previous Owner | Alejandro Theresa | $55,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/24/2022 10/24/22 | Sold | $265,000 | -3.6% | $166 / Sq Ft |
| 10/02/2022 10/02/22 | Pending | -- | -- | -- |
| 10/02/2022 10/02/22 | Off Market | $275,000 | -- | -- |
| 09/17/2022 09/17/22 | For Sale | $275,000 | -- | $172 / Sq Ft |
Source: Greater Chattanooga REALTORS®
Tax History Compared to Growth
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 | $1,366 | $61,050 | $0 | $0 |
| 2023 | $927 | $41,425 | $0 | $0 |
| 2022 | $927 | $41,425 | $0 | $0 |
| 2021 | $927 | $41,425 | $0 | $0 |
| 2020 | $926 | $33,475 | $0 | $0 |
| 2019 | $926 | $33,475 | $0 | $0 |
| 2018 | $889 | $33,475 | $0 | $0 |
| 2017 | $926 | $33,475 | $0 | $0 |
| 2016 | $543 | $0 | $0 | $0 |
| 2015 | $1,112 | $19,650 | $0 | $0 |
| 2014 | $1,112 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1361466
APN: 126N-G-021
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