NOT LISTED FOR SALE

8.3 Fairmount Rd N Signal Mountain, TN 37377

Estimated Value: $698,000 - $1,228,951

8.3 Acres
$116,223 Price per Acre
361,548 Sq Ft Lot

Last Sold March 28, 2019

Last sale price $190,000

Est. 408% increase in value since last sale

Current estimated payment $5,481/month

7 Days on Market

Highlights

  • Waterfront
  • 8.3 Acre Lot
  • Wooded Lot
  • Nolan Elementary School Rated A-
  • Creek or Stream View
  • No HOA

About This Lot

As of March 2019

8.3+/-acres beautiful usable property with hundred year old trees with very nice house sites. This is a flag stem lot where you will have to install a driveway which insures privacy and seclusion. There is also a creek that borders the back of the property for your enjoyment. This property is also zoned for award-winning Signal Mountain schools. Approx 20 minutes from Downtown Chattanooga (Buyer to verify Schools)

Last Agent to Sell the Property

Clint Carroll

Mossy Oak Properties Land Sales , LLC License #311021 Listed on: 02/08/2019

Last Buyer's Agent

Bekah Cochran

Keller Williams Realty License #311881

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,391

Lot Details

  • 8.3 Acre Lot
  • Waterfront
  • Property fronts a county road
  • Level Lot
  • Flag Lot
  • Wooded Lot

Property Views

  • Creek or Stream Views

Schools

  • Nolan Elementary School
  • Signal Mountain Middle School
  • Signal Mtn High School

Community Details

  • No Home Owners Association
  • Mccormack Association

Listing and Financial Details

  • Assessor Parcel Number 080075

Property Details

Property Type

Land

Est. Annual Taxes

$4,391

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 8.3
  • Lot Size: 0
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From downtown Chattanooga, take Hwy 27 North to Signal Mountain Rd Exit, Keep right off the exit and merge onto US-127 going toward N/Signal Mountain Rd. Follow US-127 to the top of the mountain. at the top of the mountain, turn right onto Fairmount Pike, go approximately 2.4+/-acres and property is on the left.
  • Location Tax and Legal Parcel Number2: 080075
  • Location Tax and Legal Elementary School: Nolan Elementary
  • Location Tax and Legal High School: Signal Mtn
  • General Property Information Lot Size Acres: 8.3
  • General Property Information Lot Size Square Feet2: 361548.0
  • General Property Information Lot Size Dimensions: 0
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: Yes
  • Utilities:Electricity Available: Yes
  • Location Tax and Legal Middle or Junior School: Signal Mountain Middle
  • General Property Information Flood Zone YN2: No
  • Utilities:Water Available: Yes
  • View:Water2: Yes
  • Road Frontage Type County Road: Yes
  • View CreekStream2: Yes
  • Status Change Information Association Name 2: McCormack
  • Special Features: None

Interior Features

  • Possible Use: Single Family

Exterior Features

  • Lot Features: Flag Lot, Level, Wooded, Will Not Divide
  • View: Creek/Stream, Water, Other
  • View: Yes
  • Waterfront: Yes
  • Other Structures: None
  • Lot Features:Level: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Flag Lot: Yes

Utilities

  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Nolan Elementary
  • High School: Signal Mtn
  • Middle Or Junior School: Signal Mountain Middle

Lot Info

  • Lot Size Sq Ft: 361548.0
  • Parcel #: 080075
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Mar 27, 2019
Sold by
Seidel Jennings Donald Duane and Seidel Jennings Keith
Bought by
Mccormack Kurtis Michael and Mccormack Leigh Austin
Seller's Agent
Clint Carroll
Mossy Oak Properties Land Sales , LLC
Buyer's Agent
Bekah Cochran
Keller Williams Realty
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Current Estimated Value
$964,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$774,650
Avg. Annual Appreciation
28.47%
Original Mortgage
$152,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mccormack Kurtis Michael $190,000 Reliance Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccormack Kurtis Michael $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2019 03/28/19 Sold $190,000 -15.6% --
02/15/2019 02/15/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $225,000 -- --
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 $4,391 $196,275 $0 $0
2023 $4,230 $189,075 $0 $0
2022 $4,230 $189,075 $0 $0
2021 $4,051 $181,050 $0 $0
2020 $636 $23,000 $0 $0
2019 $636 $23,000 $0 $0
2018 $636 $23,000 $0 $0
2017 $636 $23,000 $0 $0
2016 $589 $0 $0 $0
2015 $589 $21,300 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1294389

Greater Chattanooga REALTORS®

APN: 080-075