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1243 West Fairfax Drive

1243 West Fairfax Drive, Chattanooga, TN 37415
Refi Mar 04, 2016
Transfer
$142,500 by Finance Of America Reverse Llc
Mortgage Due Mar 04, 2046
1243 West Fairfax Drive in Chattanooga, TN was first built in 1952 and is 72 years old. Although, the building on the property was most recently renovated and altered in 1983. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 1243 West Fairfax Drive has 1,122 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 800 ft and the linear feet between the front and back of the lot is 1,450. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of D. The exterior walls of the home are made of wood. As for heating, the home is utilizing a central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $719 in taxes per year. The property on 1243 West Fairfax Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $32,150. 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: 1952
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • 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: 43,560
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,122
  • Building Area: 1,122
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,122
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FAIRFAX HEIGHTS
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 27 BLK 1 FAIRFAX HEIGHTS PB 16 P G 39

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 010501

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 16 PG 39
  • Account Number: 0000044501
  • District: 1
  • Parcel: 118C G 032
  • Block: 1
  • Lot: 27
  • Municipality: CHATTANOOGA
  • Latitude: 35.1098
  • Longitude: -85.2627

    Address

  • Full Address: 1243 W Fairfax Dr
  • Address - House Number: 1243
  • Street Direction: W
  • Address - Street Name: Fairfax
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C033
  • 4-Digit Zip Code: 3611
  • Zip Code: 37415

Valuation

    Tax

  • Total Area: 1,251
  • Tax Year: 2023
  • Tax Amount: $719

    Appraisal Valuation

  • Standard Deviation: 0.2424
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 232,565
  • High Value: 288,956
  • Low Value: 176,174

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $142,500
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA REVERSE LLC
  • First Open Lien Mortgage Recording Date: Mar 04, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $142,500
  • First Open Lien Mortgage Term: 999
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Reverse Mortgage (Home Equity Conversion Mortgage)
  • First Open Lien Mortgage Loan Due Date: Mar 04, 2046

    Market Valuation

  • Market Total Value: $128,600
  • Market Land Value: $45,000
  • Market Improvement Value: $83,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $32,150

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Frequently Asked Questions

What neighborhood is 1243 West Fairfax Drive located in?
The 1243 West Fairfax Drive is a located in the neighborhood of Lupton City - Norcross in Lupton City - Norcross, Chattanooga.
What is the average sales price for listings in 1243 West Fairfax Drive?
The average sales price for units in 1243 West Fairfax Drive is $0 currently.

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