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114 Ormand Drive

114 Ormand Drive, Chattanooga, TN 37415
House in Red Bank
Sold Jun 02, 2022
$380,000
$342,950 by Highlands Residential Mortgage
Mortgage Due Jul 01, 2052
Sold Dec 13, 2017
$160,000
$150,000 by Movement Mortgage
Mortgage Due Jan 01, 2048
114 Ormand Drive has been categorized by the local assessors in Chattanooga, TN as a residential type of property. The building on the property was first built in 1945 and is 79 years old. However, we must point out that the home was most recently renovated and altered in 1983. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 114 Ormand Drive has 1,762 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,400 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 10,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of asphalt. The exterior walls of the building are made of unknown. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 114 Ormand Drive was last sold in Jun 1, 2022 for $380,000. According to our calculations, that's $215.66 per sqft. Prior to that sales transaction, the property was sold for $160,000 in Dec 8, 2017. Current property owners are expected to pay $1,788 in taxes per year. The property on 114 Ormand Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $43,975. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Ranch/Rambler
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,500
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,762
  • Building Area: 1,762
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,762
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WILBANKS UNIT 3
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 7 BLK F WILBANKS UNIT 3 PB16 PG 89

Ownership

  • Current Owner : WILLIS DANIEL ALLEN
  • Current Owner 2: WILLIS FAY STEPHENS
  • Previous Owner : LEE SCHNELL BENJAMIN
  • Previous Owner 2: LEE NATALIE
  • Owner Before Previous Owner: BROWN MARGARET LOUISE
  • Owner Before Previous Owner 2: BURTON CAROLY HOGWOOD
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 010600

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 16 PG 89
  • Account Number: 0000033680
  • District: 3R
  • Parcel: 109B R 020
  • Block: F
  • Lot: 7
  • Municipality: RED BANK
  • Latitude: 35.1318
  • Longitude: -85.2775

    Address

  • Full Address: 114 Ormand Dr
  • Address - House Number: 114
  • Address - Street Name: Ormand
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C004
  • 4-Digit Zip Code: 2407
  • Zip Code: 37415

Valuation

    Tax

  • Total Area: 1,539
  • Tax Year: 2023
  • Tax Amount: $1,788

    Appraisal Valuation

  • Standard Deviation: 0.2424
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 309,621
  • High Value: 384,695
  • Low Value: 234,546

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $342,950
  • First Open Lien Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 02, 2022
  • First Open Lien Mortgage Loan Amount: $342,950
  • 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: Jul 01, 2052

    Market Valuation

  • Market Total Value: $175,900
  • Market Land Value: $50,000
  • Market Improvement Value: $125,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,975

    Sales

  • Current Sale Contract Date: Jun 01, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Transaction ID: 11889625570
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200
  • Previous Sale Recording Date: Dec 13, 2017
  • Previous Sale Contract Date: Dec 08, 2017
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Jun 02, 2022
  • First Mortgage Loan Amount: $342,950
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MOVEMENT MORTGAGE
  • Previous Mortgage Transaction Date: Dec 13, 2017
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2048

About Red Bank



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Frequently Asked Questions

What neighborhood is 114 Ormand Drive located in?
The 114 Ormand Drive is a house located in the neighborhood of Red Bank in Red Bank, Chattanooga.
What is the average sales price for listings in 114 Ormand Drive?
The average sales price for units in 114 Ormand Drive is $0 currently.

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