NOT LISTED FOR SALE

8538 Festival Loop Chattanooga, TN 37419

Lookout Valley Neighborhood

Estimated Value: $576,000 - $699,000

3 Beds
2.5 Baths
1,778 Sq Ft
$348/Sq Ft Est. Value

Last Sold January 25, 2019

Last sale price $319,700 $180 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,616/month

191 Days on Market

Highlights

  • Golf Course Community
  • Open Floorplan
  • Main Floor Primary Bedroom
  • Newly Remodeled
  • Clubhouse
  • Pond in Community

About This Home

As of January 2019

Our last NEW home opportunity in the much sought after Village enclave of Black Creek Mountain. This charming home offers master on main, an open layout perfect for entertaining, and a kitchen that features a large island with stainless steel appliances and granite counter-tops. You will enjoy the two additional bedrooms upstairs for guests with a full bath. This home, nestled just steps away from our nature trails and fully stocked fishing ponds is also 8 minutes to downtown Chattanooga. At this price this opportunity won't last long! *For your convenience monthly lawn maintenance is included in your HOA* Home is under construction. Call today to see what selections can still be customized. Welcome home!

Last Agent to Sell the Property

Guy Ferro

Century 21 Prime South Listed on: 06/24/2018

Co-Listed By

Jennifer Francis

Century 21 Prime South

Last Buyer's Agent

Cindi Richardson

Richardson Group KW Cleveland License #374052

Richardson Group KW Cleveland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $378

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 1

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Block Foundation
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,778 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Gas Log Fireplace
  • Vinyl Clad Windows
  • Great Room with Fireplace
  • Game Room with Fireplace
  • Basement
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Schools

  • Lookout Valley Elementary School
  • Lookout Valley Middle School
  • Lookout Valley High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Tankless Water Heater
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • May Be Possible The Lot Can Be Split Into 2+ Parcels
  • Bureau of Land Management Grazing Rights

Listing and Financial Details

  • Assessor Parcel Number 153l D 008

Community Details

Overview

  • Black Creek Chattanooga Subdivision
  • Pond in Community

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$378

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$70 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: See record
  • Co List Office Mls Id: 10935
  • Co List Office Phone: 423-821-5551
  • Subdivision Name: Black Creek Chattanooga
  • Directions: Take the I-24 W exit toward Nashville/Birmingham. Take exit 174 for US-41/US-64 toward US-11/Lookout Valley. Turn left onto US-41 S/US-64 E/US-72 E. Sharp right onto US-11 S. Turn right onto Cummings Rd. Turn left onto River Gorge Dr. Turn left onto Festival Loop. Home is located in the back alley.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Living Area: 1778.0
  • New Construction: Yes
  • Structure Type: Free Standing Building
  • Year Built: 2018
  • Cooling:Electric: Yes
  • Appliances Microwave: Yes
  • Location Tax and Legal Parcel Number2: 153l D 008
  • Location Tax and Legal Elementary School: Lookout Valley Elementary
  • Location Tax and Legal Middle Or Junior School2: Lookout Valley Middle
  • Location Tax and Legal High School: Lookout Valley High
  • Location Tax and Legal:Tax Annual Amount: 378.17
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information:Bathrooms Half: 1
  • 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 Dimensions: See record
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Underground Utilities: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Flooring:Tile: 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
  • Laundry Features Laundry Room: Yes
  • Interior Features En Suite: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • Flooring:Vinyl: Yes
  • Parking Features Kitchen Level2: Yes
  • Community Features Pond3: Yes
  • Special Features: NewHome

Interior Features

  • Appliances: Tankless Water Heater, Microwave, Gas Water Heater, Free-Standing Gas Range, Dishwasher
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Great Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Vinyl
  • Interior Amenities: En Suite, Granite Counters, High Ceilings, Open Floorplan, Pantry, Primary Downstairs, Walk-In Closet(s)
  • Window Features: Vinyl Frames
  • ResoLivingAreaSource: Plans
  • Appliances Dishwasher: Yes
  • Community Features:Sidewalks: Yes
  • Basement:Crawl Space: Yes
  • Community Features:Clubhouse: Yes
  • Community Features:Playground: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Free-Standing Gas Range: Yes
  • Appliances:Gas Water Heater: Yes
  • Community Features:Tennis Court(s): Yes
  • Interior Features:Pantry: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Granite Counters: Yes
  • Pool Features:Community: Yes
  • Fireplace Features:Great Room2: Yes
  • Appliances:Tankless Water Heater: Yes
  • Community Features:Golf: Yes

Exterior Features

  • Lot Features: Split Possible
  • Pool Features: Community
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Fiber Cement
  • Foundation Details: Block
  • Patio And Porch Features: Porch, Porch - Covered
  • Roof: Asphalt, Shingle
  • Patio and Porch Features:Porch: Yes
  • Window Features:Vinyl Frames: Yes
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Split Possible: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Garage Door Opener, Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Off Street: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Community Features: Clubhouse, Golf, Playground, Sidewalks, Tennis Court(s), Pond
  • Association Fee: 70.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 70.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Elementary School: Lookout Valley Elementary
  • High School: Lookout Valley High
  • Middle Or Junior School: Lookout Valley Middle

Lot Info

  • Additional Parcels: No
  • Parcel #: 153l D 008

Tax Info

  • Tax Annual Amount: 378.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2018
Closed on
Jan 25, 2019
Sold by
Rowland Development Group Llc
Bought by
Nelson James Tyler
Seller's Agent
Guy Ferro
Century 21 Prime South
Buyer's Agent
Cindi Richardson
Richardson Group KW Cleveland
List Price
$319,700
Sold Price
$319,700
Current Estimated Value
$619,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,600
Avg. Annual Appreciation
10.60%
Original Mortgage
$169,700
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 3, 2016
Sold by
Obar Investments Llc
Bought by
Rowland Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
3.41%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Nelson James Tyler $319,700 None Available
Rowland Development Group Llc $30,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson James Tyler $292,300
Closed Nelson James Tyler $170,500
Closed Nelson James Tyler $169,700
Previous Owner Rowland Development Group Llc $257,219
Previous Owner Rowland Development Group Llc $252,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2019 01/25/19 Sold $319,700 0.0% $180 / Sq Ft
01/01/2019 01/01/19 Pending -- -- --
06/24/2018 06/24/18 For Sale $319,700 -- $180 / 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 $2,052 $91,725 $0 $0
2023 $2,052 $91,725 $0 $0
2022 $2,052 $91,725 $0 $0
2021 $2,052 $91,725 $0 $0
2020 $2,260 $81,725 $0 $0
2019 $2,260 $81,725 $0 $0
2018 $171 $7,500 $0 $0
2017 $207 $7,500 $0 $0
2016 $346 $0 $0 $0
2015 $634 $12,500 $0 $0
2014 $634 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Guy Ferro

    Century 21 Prime South

  • J

    Seller Co-Listing Agent in 2019

    Jennifer Francis

    Century 21 Prime South

  • Cindi Richardson

    Buyer's Agent in 2019

    Cindi Richardson

    Richardson Group KW Cleveland

    (423) 790-7979

    1 in this area

    1,143 Total Sales

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1283737

Greater Chattanooga REALTORS®

APN: 153L-D-008

Tennessee Hamilton County Chattanooga 37419 Lookout Valley

8538 Festival Loop, Chattanooga, TN

This home is located at 8538 Festival Loop, Chattanooga, TN 37419 since 24 June 2018 and is currently estimated at $619,300, approximately $348 per square foot. This property was built in 2018. 8538 Festival Loop is a home located in Hamilton County with nearby schools including Lookout Valley Elementary School, Lookout Valley Middle/High School, and Wildwood Adventist Elementary School.

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