M
Seller's Agent in 2012
Matt McDonald
Real Estate Partners Chattanooga LLC
7308 Shady Vail Ln Chattanooga, TN 37421
Tyner NeighborhoodEstimated Value: $113,000 - $171,000
2
Beds
1
Bath
768
Sq Ft
$184/Sq Ft
Est. Value
Highlights
- Open Floorplan
- No HOA
- Bathtub with Shower
- Corner Lot
- Covered Patio or Porch
- Living Room
About This Home
As of November 2012This is a cute and charming small home in convenient Hamilton Acres subdivision. Less than a mile to the mall and surrounding shopping, groceries and entertainment, this location offers a level of convenience that it hard to match. The home itself is a 2 bedroom, 1 bath layout with a living room that is connected to the kitchen area. The living room, kitchen and hall all have new wood grained laminate flooring. The bedrooms have carpet that needs replaced. The roof is around 10 years old, and the structure is sound. There is working central heat and air, and washer and dryer hook ups. There are a few small cosmetic issues to fix up (see pictures) but by and large, this would be a great investment or great for a first time home buyer. The Hamilton Acres subdivision has several homes rented and sources tell me that rent is averaging around $500-$600 per month. At this price, regular rent payments would pay for the house in around 5 years. Also, there is a good chance that the entire neighborhood will be bought out in the future to make way for the expanding commercial areas that surround the area.
Last Agent to Sell the Property
Matt McDonald
Real Estate Partners Chattanooga LLC Listed on: 06/13/2012
Last Buyer's Agent
Matt McDonald
Real Estate Partners Chattanooga LLC Listed on: 06/13/2012
Home Details
Home Type
- Single Family
Year Built
- Built in 1960
Lot Details
- Lot Dimensions are 73x51
- Corner Lot
- Level Lot
Parking
- Off-Street Parking
Home Design
- Shingle Roof
Interior Spaces
- 768 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Living Room
- Basement
- Crawl Space
- Storage In Attic
- Fire and Smoke Detector
- Electric Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Bathtub with Shower
Accessible Home Design
- Enhanced Accessible Features
- Accessible Approach with Ramp
Outdoor Features
- Covered Patio or Porch
Schools
- Tyner Elementary School
- Tyner Middle Academy
- Tyner Academy High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Hamilton Acres Subdivision
Listing and Financial Details
- Property held in a trust
- Assessor Parcel Number 139P C 061
- $11,900 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 13, 2012
Closed on
Nov 28, 2012
Sold by
Clevenger Virgie and Will Of Sarah Elizabeth Hibbs
Bought by
Patel Shailesh N
Seller's Agent
Matt McDonald
Real Estate Partners Chattanooga LLC
Buyer's Agent
Matt McDonald
Real Estate Partners Chattanooga LLC
List Price
$40,000
Sold Price
$22,000
Premium/Discount to List
-$18,000
-45%
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
$107,375
Avg. Annual Appreciation
14.57%
Purchase Details
Closed on
Sep 14, 1999
Sold by
Hibbs S Elizabeth Cannon
Bought by
Hibbs S Elizabeth Cannon
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patel Shailesh N | $44,000 | First Title | |
| Hibbs S Elizabeth Cannon | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patel Shailesh N | $36,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/29/2012 11/29/12 | Sold | $22,000 | -45.0% | $29 / Sq Ft |
| 10/31/2012 10/31/12 | Pending | -- | -- | -- |
| 06/12/2012 06/12/12 | For Sale | $40,000 | -- | $52 / 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 | $349 | $15,600 | $0 | $0 |
| 2023 | $349 | $15,600 | $0 | $0 |
| 2022 | $349 | $15,600 | $0 | $0 |
| 2021 | $349 | $15,600 | $0 | $0 |
| 2020 | $346 | $12,500 | $0 | $0 |
| 2019 | $346 | $12,500 | $0 | $0 |
| 2018 | $411 | $12,500 | $0 | $0 |
| 2017 | $346 | $12,500 | $0 | $0 |
| 2016 | $328 | $0 | $0 | $0 |
| 2015 | $717 | $11,850 | $0 | $0 |
| 2014 | $717 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1180195
APN: 139P-C-061
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