NOT LISTED FOR SALE

Estimated Value: $1,929,000 - $2,878,041

5 Beds
7 Baths
6,645 Sq Ft
$374/Sq Ft Est. Value

Last Sold August 07, 2012

Last sale price $775,000 $117 Per Sq Ft

Est. 218% increase in value since last sale

Current estimated payment $14,132/month

158 Days on Market

Highlights

  • Home Theater
  • 3.3 Acre Lot
  • Cathedral Ceiling
  • In Ground Pool
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of August 2012

Incredible 6,600 +/- sq. ft. lodge style home with breathtaking views of the Tennessee River and Chattanooga. Enter into a great room with beamed ceilings, sunken sitting area, and mountain stone fireplace. Nestled in a corner for privacy, the library has 2 walls of built-in bookshelves and full view window. The formal living room has views and access to a sun room. Recently updated kitchen with upscale Bosch stainless steel appliances, breakfast bar and custom cabinetry. Open dining area placed to enjoy the breathtaking views and convenient to the kitchen. Master suite on the main level includes beamed ceilings and sitting area surrounded by windows to enjoy the views. The suite also has a balcony and large office or studio. The lower level has a media room, dining area, separate kitchen and access to lower patio areas. This unique home is surrounded by massive rock formations, koi ponds, landscaping lights, in-ground pool and decks. This property is in both Marion AND Hamilton Counties. Hamilton County information: Tax map 134 005.01, acreage 2.3 +/- AND Marion County information: Tax map 125 006.02, acreage 1 +/- (Acreage amounts taken from tax record.)

Last Agent to Sell the Property

Jay Robinson

Robinson Real Estate, Inc. Listed on: 02/06/2012

Last Buyer's Agent

Jennie Churchman

Volunteer Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,687

Year Built

  • Built in 1976

Lot Details

  • 3.3 Acre Lot
  • Fenced
  • Front and Back Yard Sprinklers

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Stone

Interior Spaces

  • 6,645 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Living Room
  • Dining Room
  • Home Theater
  • Home Office
  • Library
  • Bonus Room
  • Home Gym
  • Walk-In Attic
  • Home Security System
  • Laundry closet
  • Property Views
  • Finished Basement

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Bidet
  • Whirlpool Bathtub
  • Bathtub with Shower
  • Separate Shower

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Deck
  • Covered patio or porch
  • Exterior Lighting
  • Gazebo

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Heating System Uses Oil
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Short Sale
  • Assessor Parcel Number SEE REMARKS

Community Details

Overview

  • No Home Owners Association
  • Elder Mountain Subdivision

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,687

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.3
  • Lot Size: 3.3 ACRES +/-
  • Subdivision Name: Elder Mountain
  • Directions: I-24 West to Browns Ferry Exit, right on Brown's Ferry Rd, left on Elder Mtn, left on Cumberland at guard shack.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Living Area: 6645.0
  • New Construction: No
  • Year Built: 1976
  • Cooling:Electric: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: SEE REMARKS
  • 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
  • General Property Information:Bathrooms Half: 3
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 3.3
  • General Property Information Lot Size Square Feet2: 143748.0
  • General Property Information Lot Size Dimensions: 3.3 ACRES +/-
  • 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: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Laundry Closet: Yes
  • Roof:Shingle: Yes
  • Fencing Fenced: Yes
  • Cooling:Multi Units: Yes
  • Security Features:Security System: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Whirlpool Tub2: Yes
  • Interior Features Split Bedrooms2: Yes
  • Interior Features Breakfast Nook: Yes
  • Pool Features In Ground: Yes
  • Brick and Stone Features Partial Stone: Yes
  • Security Features Security Guard: Yes
  • Other Structures Gazebo: Yes
  • Special Listing Conditions Short Sale: Yes
  • Special Features: 4108

Interior Features

  • Private Spa: Yes
  • Appliances: Trash Compactor, Refrigerator, Microwave, Electric Water Heater, Electric Range, Disposal, Dishwasher
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bidet, Breakfast Nook, Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Pantry, Primary Downstairs, Separate Shower, Split Bedrooms, Tub/shower Combo, Walk-In Closet(s), Whirlpool Tub
  • Window Features: Insulated Windows
  • ResoLivingAreaSource: Appraiser
  • Appliances Dishwasher: Yes
  • Appliances:Trash Compactor: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Electric Water Heater: Yes
  • Attic Features:Walk-In Attic: 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:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Bidet: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Brow Lot, Sprinklers In Front, Sprinklers In Rear
  • Pool Features: In Ground
  • View: Other
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stone, Other
  • Exterior Features: Lighting
  • Other Structures: Gazebo
  • Patio And Porch Features: Covered, Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:Lighting: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes
  • Patio And Porch Features:Covered: Yes
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Stone: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Laundry Features: Laundry Closet
  • Security: Security Guard, Security System
  • Cooling: Central Air, Electric, Multi Units
  • Cooling Y N: Yes
  • Heating: Central, Electric, Oil
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public
  • Heating:Oil: Yes
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 143748.0
  • Parcel #: SEE REMARKS
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2021
Sold by
Herman Michael and Herman Lynne
Bought by
Herman Michael Bernard and Herman Lynne Denise
Total Days on Market
158
Current Estimated Value
$2,464,156

Purchase Details

Listed on
Feb 6, 2012
Closed on
Aug 4, 2012
Sold by
Quinn James G
Bought by
Herman Michael and Herman Lynne
Seller's Agent
Jay Robinson
Robinson Real Estate, Inc.
Buyer's Agent
Jennie Churchman
Volunteer Realty
List Price
$995,000
Sold Price
$775,000
Premium/Discount to List
-$220,000
-22.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.25%
Original Mortgage
$620,000
Outstanding Balance
$434,698
Interest Rate
3.55%
Mortgage Type
Commercial
Estimated Equity
$2,018,475

Purchase Details

Closed on
Dec 18, 1979
Bought by
Quinn James G and Quinn Patricia

Purchase Details

Closed on
Jan 1, 1979
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
Herman Michael Bernard -- None Available
Herman Michael $775,000 --
Quinn James G -- --
-- $311,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herman Michael $325,000
Closed Herman Michael $100,000
Closed Herman Michael $130,000
Open Herman Michael $620,000
Previous Owner Quinn James G $1,350,000
Previous Owner Quinn James G $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2012 08/07/12 Sold $775,000 -22.1% $117 / Sq Ft
07/12/2012 07/12/12 Pending -- -- --
02/05/2012 02/05/12 For Sale $995,000 -- $150 / 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 $7,687 $436,675 $96,000 $340,675
2023 $7,687 $436,675 $0 $0
2022 $7,687 $436,675 $96,000 $340,675
2021 $7,206 $436,675 $96,000 $340,675
2020 $7,573 $409,350 $96,000 $313,350
2019 $7,573 $349,225 $80,000 $269,225
2018 $5,583 $318,300 $80,000 $238,300
2017 $5,583 $257,425 $80,000 $177,425
2016 $5,583 $257,425 $0 $0
2015 $4,662 $257,425 $0 $0
2014 $4,662 $214,968 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1173908

Greater Chattanooga REALTORS®

APN: 125-006.02