$1,600,000
SOLD OCT 31, 2024

8261 Mountain Laurel Trail Signal Mountain, TN 37377

Mowbray Neighborhood
5 Beds
4 Baths
4,200 Sq Ft
0.93 Acres

Recently Sold

$381 Per Sq Ft

2% Below List Price

61 Days on Market

Highlights

  • New Construction
  • Mountain View
  • Deck
  • Gated Community
  • Clubhouse
  • Great Room with Fireplace

About This Home

As of October 2024

This lovely new home, built by Larry Waldrep and designed by J. Wright Designs, is full of your mountain home dreams. With an open concept, multiple family rooms, 5 bed and 4 bath, and a space for future finishing there is plenty of room fit for your needs. As you walk in through the front door, you are met in a large foyer that opens to the Living Room and large Kitchen. Through the tall foyer is the great room that opens with sliding doors to the back porch, both surrounding a fireplace to keep you warm through the cool seasons. The kitchen gives plenty of space to cook and host, with a breakfast nook off to the right, a pantry to the left, and a gentlemen's bar. On the other side of this home, is the master bath with a large ensuite, with hers and his closets, a laundry room, and a study with an extra bathroom. Up the stairs you will find a spacious loft family room that is open to below surrounded with 3 beds and 2 baths. This one acre lot with three car garage, 4000sqft home is ready for beautiful custom selections. There is a large unfinished basement for your future growth as well. Flipper Bend is a new gated community tucked into an untouched portion of Signal Mountain, TN. Enter through the Gate House and find yourself immersed in a local community unlike anything else in Chattanooga. Each property is thoughtfully designed to harmonize with nature. Storybook views of the Tennessee valley, historic Cumberland plateau and surrounding areas abound. The community is perched high above the crowd below, allowing you to breathe, relax, and become one with the wonder surrounding you. Carefully planned hiking and biking paths meander for miles while an elevated community center with gorgeous brow views will entertain and relax you year around. Come discover why Flipper Bend is a one-of-kind mountain living in a highly desirable development.

Last Agent to Sell the Property

Travis Close

Real Estate Partners Chattanooga LLC License #306209 Listed on: 08/13/2024

Real Estate Partners Chattanooga LLC

Last Buyer's Agent

Johnny Sullivan

Horizon Sotheby's International Realty License #337106

Horizon Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $671

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 120x299x150
  • Level Lot
  • Wooded Lot
  • Private Yard
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Accessed On Kitchen Level
  • Side Facing Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • High Ceiling
  • Great Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Game Room with Fireplace
  • Wood Flooring
  • Mountain Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Double Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet
  • 4 Full Bathrooms
  • Double Vanity
  • Soaking Tub
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Deck
  • Covered patio or porch
  • Outdoor Fireplace
  • Rain Gutters

Schools

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

Farming

  • Bureau of Land Management Grazing Rights

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Underground Utilities
  • Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 072e A 037

Community Details

Overview

  • $1,600 Initiation Fee
  • Built by Waldrep Construction
  • Flipper Bend Subdivision

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$671

Year Built

Built in 2024 | New Construction

Lot Details

0

HOA Fees

$200 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.93
  • Lot Size: 120x299x150
  • Subdivision Name: Flipper Bend
  • Directions: Top of Roberts Mill Road. Right onto Mountain Laurel Trail house is on the left.
  • Above Grade Finished Sq Ft: 4200.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Living Area: 4200.0
  • New Construction: Yes
  • Structure Type: Free Standing Building
  • Year Built: 2024
  • Appliances Microwave: Yes
  • Location Tax and Legal Parcel Number2: 072e A 037
  • Location Tax and Legal Elementary School: Nolan Elementary
  • Location Tax and Legal Middle Or Junior School2: Signal Mountain Middle
  • Location Tax and Legal High School: Signal Mtn
  • Location Tax and Legal:Tax Annual Amount: 671.19
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Above Grade Finished Area: 4200.0
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: Yes
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: Yes
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 0.93
  • General Property Information Lot Size Square Feet2: 40510.8
  • General Property Information Lot Size Dimensions: 120x299x150
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • General Property Information Spa YN: No
  • General Property Information Senior Community YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Underground Utilities: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Flooring:Hardwood: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Utilities Phone Available: Yes
  • Roof Asphalt5: Yes
  • Foundation Details Block2: Yes
  • Security Features:Smoke Detector(s): Yes
  • View:Mountain(s): Yes
  • Cooling:Multi Units: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Laundry Features Laundry Room: Yes
  • Interior Features En Suite: Yes
  • Interior Features Separate Dining Room: Yes
  • Interior Features Separate Shower: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • Interior Features Breakfast Nook: Yes
  • Parking Features Kitchen Level2: Yes
  • Brick and Stone Features Partial Brick: Yes
  • Brick and Stone Features Partial Stone: Yes
  • General Property Information Builder Name: Waldrep Construction
  • Additional Association Fees Initiation Fee Amount: 1600.0
  • General Property Information Crops Included YN: No
  • General Property Information Below Grade Unfinished Area: 1600.0
  • Special Features: NewHome

Interior Features

  • Private Spa: No
  • Appliances: Microwave, Double Oven, Disposal, Dishwasher
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Great Room, Outside
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Hardwood
  • Interior Amenities: Breakfast Nook, Double Vanity, Eat-in Kitchen, En Suite, High Ceilings, Pantry, Primary Downstairs, Separate Dining Room, Separate Shower, Soaking Tub, Stubbed, Tub/shower Combo, Walk-In Closet(s), Wet Bar
  • ResoLivingAreaSource: Builder
  • Basement:Unfinished: Yes
  • Appliances Dishwasher: Yes
  • Community Features:Sidewalks: Yes
  • Full Basement: Yes
  • Community Features:Clubhouse: Yes
  • Appliances:Double Oven: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Pantry: Yes
  • Fireplace Features:Fireplaces Total: 2
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Double Vanity: Yes
  • Security Features:Gated Community: Yes
  • Pool Features:Community: Yes
  • Fireplace Features:Great Room2: Yes
  • Interior Features:Soaking Tub: Yes
  • Interior Features:Wet Bar: Yes
  • Fireplace Features:Outside2: Yes

Exterior Features

  • Lot Features: Gentle Sloping, Level, Split Possible, Wooded
  • Pool Features: Community
  • View: Mountain(s), Other
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Builder Name: Waldrep Construction
  • Construction Type: Brick, Stone
  • Exterior Features: Private Yard, Rain Gutters
  • Foundation Details: Block, Concrete Perimeter
  • Patio And Porch Features: Deck, Patio, Porch, Porch - Covered
  • Roof: Asphalt, Shingle
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Private Yard: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Split Possible: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Stone: Yes
  • Exterior Features:Rain Gutters: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Garage Door Opener, Garage Faces Side, Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Off Street: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Garage Faces Side: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup
  • Security: Gated Community, Smoke Detector(s)
  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Phone Available, Underground Utilities
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Sidewalks
  • Senior Community: No
  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 200.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Lot Size Sq Ft: 40510.8
  • Additional Parcels: No
  • Parcel #: 072e A 037
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 671.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Oct 31, 2024
Sold by
Waldrep Construction Llc
Bought by
Eldred Justin and Eldred Rachel
Seller's Agent
Travis Close
Real Estate Partners Chattanooga LLC
Buyer's Agent
Johnny Sullivan
Horizon Sotheby's International Realty
List Price
$1,636,600
Sold Price
$1,600,000
Premium/Discount to List
-$36,600
-2.24%
Total Days on Market
61
Views
7
Current Estimated Value
$1,188,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$412,000
Avg. Annual Appreciation
-40.15%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,600,000 Title Guaranty & Trust
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $812,500 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $1,600,000 -2.2% $381 / Sq Ft
10/13/2024 10/13/24 Pending -- -- --
08/13/2024 08/13/24 For Sale $1,636,600 +1088.1% $390 / Sq Ft
07/26/2021 07/26/21 Sold $137,750 0.0% $33 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $137,750 -- $33 / Sq Ft
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 $671 $30,000 $0 $0
2023 $671 $30,000 $0 $0
2022 $671 $30,000 $0 $0
2021 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1395017

Greater Chattanooga REALTORS®

APN: 072E-A-037