NOT LISTED FOR SALE

Estimated Value: $296,000 - $325,000

4 Beds
3.5 Baths
2,101 Sq Ft
$146/Sq Ft Est. Value

Last Sold July 22, 2013

Last sale price $42,500 $20 Per Sq Ft

Est. 622% increase in value since last sale

Current estimated payment $1,717/month

77 Days on Market

Highlights

  • Open Floorplan
  • Bonus Room
  • Wood Frame Window
  • Wood Flooring
  • No HOA
  • In-Law or Guest Suite

About This Home

As of July 2013

This deceivingly large home has lots of potential. The kitchen area opens to a large dining and living room. There are three large bedrooms on the main level and two full baths. All rooms are bright with lots of windows. The roof is new, and there is no interior water damage. The basement has a large two car garage and a complete and separate apartment with kitchen area, living area, bedroom and full bathroom. Also in the basement is a large party room with bar and half bath. The home sits on a very deep, sloping plot of land which consists of two building lots. The house is in need of total renovation and is being sold as is. Seller makes no guarantees or warranties. Neither kitchen has any cabinetry or appliances. Much of the electrical wiring has been removed as has been the HVAC unit. However, the house appears to be very sound structurally and could make a wonderful home or a profitable investment property.

Last Agent to Sell the Property

Peter Iorio

Horizon Sotheby's International Realty License #279798 Listed on: 03/26/2013

Last Buyer's Agent

Peter Iorio

Horizon Sotheby's International Realty License #279798 Listed on: 03/26/2013

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.32

Parking

  • 2 Car Garage
  • Carport
  • Basement Garage

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,101 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Bonus Room
  • Wood Flooring
  • Storage In Attic
  • Storm Windows
  • No Kitchen Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • In-Law or Guest Suite

Schools

  • East Ridge Elementary School
  • East Ridge Middle School
  • East Ridge High School

Utilities

  • No Cooling
  • No Heating

Additional Features

  • Outbuilding
  • Gentle Sloping Lot

Community Details

  • No Home Owners Association
  • Cherokee Hills Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 168N-J-037

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0.32 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 70 X 210 IRR
  • Subdivision Name: Cherokee Hills
  • Directions: From Ringgold Rd, turn on John Ross Rd. Continue to S Crest Rd, go through stop., W Crest is right at the fork. House is immediately after the fork, on the right.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 2101.0
  • New Construction: No
  • Year Built: 1950
  • Location Tax and Legal Parcel Number2: 168N-J-037
  • Location Tax and Legal Elementary School: East Ridge Elementary
  • Location Tax and Legal Middle Or Junior School2: East Ridge
  • Location Tax and Legal High School: East Ridge High
  • Location Tax and Legal:Tax Annual Amount: 1382.0
  • Location Tax and Legal Additional Parcels YN: No
  • 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: Yes
  • General Property Information Lot Size Dimensions: 70 X 210 IRR
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Fireplace YN: No
  • Remarks and Miscellaneous Public Remarks2: This deceivingly large home has lots of potential. The kitchen area opens to a large dining and living room. There are three large bedrooms on the main level and two full baths. All rooms are bright with lots of windows. The roof is new, and there is no interior water damage. The basement has a large two car garage and a complete and separate apartment with kitchen area, living area, bedroom and full bathroom. Also in the basement is a large party room with bar and half bath. The home sits on a very deep, sloping plot of land which consists of two building lots. The house is in need of total renovation and is being sold as is. Seller makes no guarantees or warranties. Neither kitchen has any cabinetry or appliances. Much of the electrical wiring has been removed as has been the HVAC unit.
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Flooring:Hardwood: Yes
  • Roof:Shingle: Yes
  • Levels:One: Yes
  • Other Structures:Out Building: Yes
  • Special Listing Conditions:Real Estate Owned: Yes
  • Cooling:None5: Yes
  • Special Features: RealEstateOwned

Interior Features

  • Appliances: None
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: In-Law Floorplan, Open Floorplan
  • Window Features: Storm Window(s), Wood Frames
  • Interior Features:Open Floorplan: Yes
  • Attic Features:Storage Only: Yes
  • Appliances:None2: Yes
  • Interior Features:In-Law Floorplan: Yes

Exterior Features

  • Lot Features: Gentle Sloping
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Other Structures: Outbuilding
  • Roof: Shingle
  • Lot Features:Gentle Sloping: Yes
  • Window Features:Wood Frames: Yes
  • Window Features:Storm Window(s): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Basement
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Basement: Yes

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:None13: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: East Ridge Elementary
  • High School: East Ridge High
  • Middle Or Junior School: East Ridge

Lot Info

  • Additional Parcels: No
  • Parcel #: 168N-J-037

Tax Info

  • Tax Annual Amount: 1382.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2023
Sold by
Spartan Value Investors Llc
Bought by
Spartan Invest Portfolio Properties Llc
Current Estimated Value
$306,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$939,400
Outstanding Balance
$910,609
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$603,942

Purchase Details

Closed on
Feb 10, 2023
Sold by
Spartan Invest Llc
Bought by
Spartan Value Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$939,400
Outstanding Balance
$910,609
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$603,942

Purchase Details

Closed on
Jan 19, 2022
Sold by
Velasquez Bustamante Nestor F and Velasquez Ayda C
Bought by
Spartan Invest Llc

Purchase Details

Closed on
Jan 11, 2013
Sold by
Brooks Forrest W
Bought by
Chattanooga First Federal Credit Union

Purchase Details

Closed on
Nov 8, 2012
Sold by
Brooks Forrest W
Bought by
Brooks Forrest W and Brooks Dianne

Purchase Details

Closed on
Aug 18, 2004
Sold by
Brooks Martha
Bought by
Brooks Forrest W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Spartan Invest Portfolio Properties Llc $41,925 None Listed On Document
Spartan Value Investors Llc -- Bridge City Title
Spartan Invest Llc -- Rudy Title
Chattanooga First Federal Credit Union $44,000 None Available
Brooks Forrest W -- None Available
Brooks Forrest W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spartan Invest Portfolio Properties Llc $939,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2013 07/22/13 Sold $42,500 -28.0% $20 / Sq Ft
06/10/2013 06/10/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $59,000 -- $28 / Sq Ft
Source: Greater Chattanooga REALTORS®

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
2025 $949 $62,600 $0 $0
2024 $938 $41,925 $0 $0
2023 $938 $41,925 $0 $0
2022 $938 $41,925 $0 $0
2021 $938 $41,925 $0 $0
2020 $720 $26,025 $0 $0
2019 $720 $26,025 $0 $0
2018 $719 $26,025 $0 $0
2017 $720 $26,025 $0 $0
2016 $705 $0 $0 $0
2015 $1,409 $25,500 $0 $0
2014 $1,409 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1192281

Greater Chattanooga REALTORS®

APN: 168N-J-037

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