NOT LISTED FOR SALE

722 Spears Ave Chattanooga, TN 37405

Estimated Value: $302,000 - $359,271

3 Beds
1 Bath
1,058 Sq Ft
$312/Sq Ft Est. Value

Last Sold June 11, 2020

Last sale price $184,900 $175 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $1,840/month

13 Days on Market

Highlights

  • Open Floorplan
  • Screened Porch
  • Property has 3 Levels
  • No HOA
  • Central Heating and Cooling System

About This Home

As of June 2020

****BUILDERS AND INVESTORS*** Take a look at 722 Spears Ave located on the corner of Spears Ave. and Peak St. This home is situated on a DOUBLE LOT in one of the fastest growing areas on the Northshore. Located right off of Market St. this home is convenient to the Publix Grocery store, multiple eateries, as well as Frazier Ave and the Tennessee River. Some repairs would be needed. Or a full renovation. Lot is rezoned to form base code therefore 2 single family units could be placed on lot. Or a home with a detached garage apartment. Extremely level lot, surrounded by $450,000 + properties, Please note the property IS OCCUPIED. Home to be sold ''as is'' condition. Buyer to verify square footage. Buyer is responsible to do their due diligence to verify that all information is correct

Last Agent to Sell the Property

Louellen Smith

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4236677262 License #357585,326198 Listed on: 04/24/2020

Greater Downtown Realty dba Keller Williams Realty

Co-Listed By

John Foreman

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4236677262 License #350464,309451

Last Buyer's Agent

Kevin Wamack

Real Estate Partners Chattanooga, LLC License #324312

Real Estate Partners Chattanooga, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 100x88

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,058 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Screened Porch
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Red Bank Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • North Chatt Land Co Subdivision

Listing and Financial Details

  • Assessor Parcel Number 135D A 021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,642

Year Built

Built in 1920

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1920
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Open Floorplan, Primary Bedroom Main Floor
  • Appliances: Refrigerator
  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Has Basement: Crawl Space
  • Building Area Units: Square Feet
  • Living Area: 1058
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

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

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size: 100X88
  • Lot Size Units: Acres
  • Parcel #: 135D A 021
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1642

MLS Schools

  • Elementary School: Red Bank Elementary School
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2020
Closed on
Jun 9, 2020
Sold by
Cofer James T and Cofer John L
Bought by
Fly John
Seller's Agent
Louellen Smith
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Kevin Wamack
Real Estate Partners Chattanooga, LLC
List Price
$189,900
Sold Price
$184,900
Premium/Discount to List
-$5,000
-2.63%
Current Estimated Value
$330,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,168
Avg. Annual Appreciation
10.56%
Original Mortgage
$144,000
Outstanding Balance
$127,044
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$203,024

Purchase Details

Closed on
Jul 6, 2004
Sold by
Arfken George Harlan
Bought by
Cofer James T and Cofer John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,233
Interest Rate
5.96%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2000
Sold by
Penney Donnie and Bice Johnnie J
Bought by
Trewhitt Jeanne B and Bunch Joe R

Purchase Details

Closed on
Oct 30, 1996
Sold by
Weiss Arnold M
Bought by
Hud
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fly John $184,900 Cumberland Ttl & Guaranty Co
Cofer James T $84,900 Realty Title & Escrow Servic
Trewhitt Jeanne B $1,000 --
Hud $29,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fly John $144,000
Previous Owner Cofer James T $84,233
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2020 06/11/20 Sold $184,900 -2.6% $175 / Sq Ft
05/07/2020 05/07/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $189,900 -- $179 / Sq Ft
Source: Realtracs

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
2025 $1,468 $96,825 $0 $0
2024 $1,017 $45,450 $0 $0
2023 $1,017 $45,450 $0 $0
2022 $1,017 $45,450 $0 $0
2021 $1,017 $45,450 $0 $0
2020 $901 $32,575 $0 $0
2019 $901 $32,575 $0 $0
2018 $868 $32,575 $0 $0
2017 $901 $32,575 $0 $0
2016 $645 $0 $0 $0
2015 $1,299 $23,325 $0 $0
2014 $1,299 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2340356

Realtracs

APN: 135D-A-021

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