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501 Shannon Avenue

501 Shannon Avenue, Chattanooga, TN 37411
Sold Oct 05, 2021
$120,000
$96,000 by Caliber Home Loans Inc
Mortgage Due Oct 01, 2051
Sold Jul 01, 1999
$30,900
$29,300 by Home Funding Of Tennessee Inc
Mortgage Due Jul 01, 2014
Local assessors in Chattanooga, TN have categorized 501 Shannon Avenue as a residential type of property. The home was built in 1940 and is 84 years old. It was most recently renovated and altered in 1963. The property's lot size has been calculated to be 12,000 square feet. The linear feet between the front and back of the lot was measured at 1,600 ft and the front of the lot was measured at 750 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 501 Shannon Avenue has a total of 969 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 778 sqft. There are 3 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - E. The building has a gable or hip style roof that was made of asphalt. Lots of unknown were used in the construction of the exterior walls of the home. The home's a gravity heating system is the primary heating source. The property was last sold in Sep 22, 2021 for $120,000. That's $123.84 per sqft. Prior to that sales transaction, the property was also sold in Jun 29, 1999 for $30,900. 501 Shannon Avenue was last assessed in 2023. The total value of the property was assessed at $11,375. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $254. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1963
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: E
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 778
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 750
  • Total Building Area: 969
  • Building Area: 969
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Gravity
  • Heated Square Feet: 969
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: JOHNSON A B
  • Land Acres: 0.275
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 7 PT 8 A B JOHNSON PB8 PG43

Ownership

  • Current Owner : LOWE MARY LYNN
  • Previous Owner : STEVENS TERENCE A
  • Previous Owner 2: STEVENS SUSAN D
  • Owner Before Previous Owner: TALLANT ZELLA M

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 003300

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 8 PG 43
  • Account Number: 0000079714
  • District: 1
  • Parcel: 147J A 021
  • Lot: 7,PT 8
  • Municipality: CHATTANOOGA
  • Latitude: 35.0343
  • Longitude: -85.2407

    Address

  • Full Address: 501 Shannon Ave
  • Address - House Number: 501
  • Address - Street Name: Shannon
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C014
  • 4-Digit Zip Code: 2816
  • Zip Code: 37411

Valuation

    Tax

  • Total Area: 1,036
  • Tax Year: 2023
  • Tax Amount: $254

    Appraisal Valuation

  • Standard Deviation: 0.4541
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 9
  • Final Value: 390,316
  • High Value: 567,596
  • Low Value: 213,035

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $96,000
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Loan Amount: $96,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $45,500
  • Market Land Value: $15,000
  • Market Improvement Value: $30,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,375

    Sales

  • Current Sale Contract Date: Sep 22, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Transaction ID: 11858682246
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021100500186
  • Previous Sale Recording Date: Jul 01, 1999
  • Previous Sale Contract Date: Jun 29, 1999
  • Previous Sale Amount: $30,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Oct 05, 2021
  • First Mortgage Loan Amount: $96,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: HOME FUNDING OF TENNESSEE INC
  • Previous Mortgage Transaction Date: Jul 01, 1999
  • Previous Mortgage Loan Amount: $29,300
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Due Date: Jul 01, 2014

About Woodmore - Dalewood



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 501 Shannon Avenue located in?
The 501 Shannon Avenue is a located in the neighborhood of Woodmore - Dalewood in Woodmore - Dalewood, Chattanooga.
What is the average sales price for listings in 501 Shannon Avenue?
The average sales price for units in 501 Shannon Avenue is $0 currently.

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