NOT LISTED FOR SALE

Estimated Value: $1,074,664 - $1,134,000

2 Beds
2 Baths
2,487 Sq Ft
$445/Sq Ft Est. Value

Last Sold March 01, 2023

Last sale price $1,025,000 $412 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,008/month

127 Days on Market

Highlights

  • 1.11 Acre Lot
  • Wood Flooring
  • Walk-In Closet
  • Contemporary Architecture
  • Attached Garage
  • 1-minute walk to Ross's Landing Park

About This Home

As of March 2023

This fully-updated condominium is in the Historic Loveman's building – Downtown Chattanooga's first successful residential building. Few residences have captured both modern design and historic touches like this one. 12-foot ceilings, crown molding, exposed brick, pickled hardwood floors and oversized windows welcome an abundance of natural light, especially in the main living spaces. Top-down bottom-up shades provide privacy and shade when desired. Recessed art niches and track lighting provide a gallery experience as you move throughout the residence. Every room has the big updates and little touches that will wow guests and make your everyday living exceptional. The chef-grade kitchen features stainless appliances, a Subzero fridge, wine cooler, custom cabinets, floating shelves, and Carrara marble counters. The living room is impressive with a newly upgraded gas fireplace surrounded by porcelain and quartz. The substantial master bedroom has two expansive walk-in closets, an oversized shower, his and her vanities and a water closet. Even the second full bath is upgraded with beautiful finishes and lighting options, including a lighted mirror. The second bedroom and flex space connect to the bathroom and a large office space. A modern retractable wall retracts for the convenience of one room or two. The office space makes a statement with built-in shelving and storage from floor to ceiling perfect for books, cellections, or décor. A balcony opens up off the space offering views of the city. The Loveman's building has security welcoming you and your guests in the beautiful lobby and you'll have two secure parking spaces and a storage unit included.

Last Agent to Sell the Property

Ryan May

Real Estate Partners Chattanooga, LLC Brokerage Phone: 4236675922 License #298465 Listed on: 10/18/2022

Last Buyer's Agent

Barry Evans

Greater Downtown Realty dba Keller Williams Realty License #358084,215655

Greater Downtown Realty dba Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,672

Year Built

  • Built in 2003

Lot Details

  • 1.11 Acre Lot
  • Level Lot

HOA Fees

  • $673 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Property Attached
  • Brick Exterior Construction
  • Built-Up Roof

Interior Spaces

  • 2,487 Sq Ft Home
  • Property has 3 Levels
  • Elevator
  • Electric Fireplace
  • Gas Fireplace
  • ENERGY STAR Qualified Windows
  • Den with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • Garage Door Opener

Schools

  • Orchard Knob Middle School
  • Howard School Of Academics Technology High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • Lovemans On Market Subdivision

Listing and Financial Details

  • Assessor Parcel Number 145DAC 001 C306

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,672

Year Built

Built in 2003

Lot Details

0

HOA Fees

$673 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Other Condo
  • Architectural Style: Contemporary
  • Year Built: 2003
  • Unit Levels: Three Or More
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 4236675922
  • Special Features: None

Interior Features

  • Interior Amenities: Elevator, High Ceilings, Open Floorplan, Walk-In Closet(s)
  • Appliances: Refrigerator, Microwave, Disposal, Dishwasher
  • Fireplace Features: Den, Gas, Electric, Family Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Finished Wood, Tile
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Has Basement: Other
  • Building Area Units: Square Feet
  • Living Area: 2487
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Garage Door Opener
  • Construction Type: Other, Brick
  • Pool Private: No
  • Roof: Built-Up
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 2018
  • Association Fee Frequency: Quarterly
  • Amenities: Sidewalks
  • Association: Yes
  • Common Interest: Condominium
  • Senior Community: No
  • ResoAssociationFeeFrequency: Quarterly

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 1.11
  • Lot Size Units: Acres
  • Parcel #: 145DAC 001 C306
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 7672

MLS Schools

  • High School: Howard School Of Academics Technology
  • Middle Or Junior School: Orchard Knob Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Mar 1, 2023
Sold by
Karen G Icruesi Revocable Trust
Bought by
Marcia Macarthur Revocable Trust
Seller's Agent
Ryan May
Real Estate Partners Chattanooga, LLC
Buyer's Agent
Barry Evans
Greater Downtown Realty dba Keller Williams Realty
List Price
$795,000
Sold Price
$1,025,000
Premium/Discount to List
$230,000
28.93%
Views
53
Current Estimated Value
$1,106,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,221
Avg. Annual Appreciation
2.00%

Purchase Details

Closed on
Nov 18, 2019
Sold by
Kruesi Karen G
Bought by
Kruesi Karen G and The Karen G Kruesi Revocable Trust

Purchase Details

Closed on
Apr 7, 2017
Sold by
Guaranty Milligan Reynolds
Bought by
Krusei Karen G

Purchase Details

Listed on
Apr 5, 2016
Closed on
Aug 5, 2016
Sold by
Marek John
Bought by
Miligan Reynolds Guaranty Title Agency I
Buyer's Agent
Darlene Brown
Real Estate Partners Chattanooga, LLC
List Price
$725,000
Sold Price
$698,000
Premium/Discount to List
-$27,000
-3.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.90%

Purchase Details

Closed on
Sep 7, 2011
Sold by
Klosterman Scott and Klosterman Caren
Bought by
Marek John
Source: Public Records

Range of Values:

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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
Marcia Macarthur Revocable Trust $1,025,000 First Choice Title
Kruesi Karen G -- None Available
Krusei Karen G -- None Available
Miligan Reynolds Guaranty Title Agency I $698,000 Cumberland Title & Guaranty
Marek John $550,000 Cumberland Title & Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klosterman Scott $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2023 03/01/23 Sold $1,025,000 0.0% $412 / Sq Ft
12/16/2022 12/16/22 Off Market $1,025,000 -- --
08/11/2022 08/11/22 For Sale $795,000 +13.9% $320 / Sq Ft
08/10/2016 08/10/16 Sold $698,000 -3.7% $281 / Sq Ft
07/09/2016 07/09/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $725,000 -- $292 / Sq Ft
Source: Realtracs

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 $3,825 $170,981 $0 $0
2023 $3,825 $170,981 $0 $0
2022 $3,825 $170,981 $0 $0
2021 $3,825 $170,981 $0 $0
2020 $3,638 $131,550 $0 $0
2019 $3,638 $131,550 $0 $0
2018 $3,122 $131,550 $0 $0
2017 $3,638 $131,550 $0 $0
2016 $3,698 $0 $0 $0
2015 $6,902 $0 $0 $0
2014 $6,902 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2429938

Realtracs

APN: 145DA-C-001-C-306