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1602 Duke Lane

1602 Duke Lane, Chattanooga, TN 37421
Sold Jan 06, 2020
$247,000
$174,000 by Franklin Synergy Bank
Mortgage Due Jan 06, 2050
Sold Jan 25, 2010
$64,500
1602 Duke Lane in Chattanooga, TN was first built in 1976 and is 48 years old. Although, the building on the property was most recently renovated and altered in 1978. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. The linear feet across the front of the lot is 1,018 ft and the linear feet between the front and back of the lot is 1,110. 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 unknown. As for heating, the home is utilizing a central heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1602 Duke Lane sold most recently in Jan 3, 2020 for a total of $247,000. If you work out the math, that's approximately a cost of $147.02 per sqft. Before that, the property was also sold for $64,500 in Jan 13, 2010. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,070 in taxes each year. 1602 Duke Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $47,040. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1978
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Building Style: Duplex
  • 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: 1,110
  • Lot Size Frontage Feet: 1,018
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HAMLET VILLA
  • Land Acres: 1
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT 8 HAMLET VILLA PB 26 PG 42

Ownership

  • Current Owner : SPQR LLC
  • Previous Owner : WOLFF JOHN
  • Previous Owner 2: WOLFF GWENDOLYN
  • Owner Before Previous Owner: U S BANK NATIONAL ASSOCIATION
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011324

Zoning

  • Zoning: RR

Geography

  • Assessors Map Reference: MB 26 PG 42
  • Account Number: 0000102214
  • District: 2
  • Parcel: 159M E 029
  • Lot: 8
  • Municipality: COUNTY SOUTH
  • Latitude: 35.0038
  • Longitude: -85.1147

    Address

  • Full Address: 1602 Duke Ln
  • Address - House Number: 1602
  • Address - Street Name: Duke
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C015
  • 4-Digit Zip Code: 3406
  • Zip Code: 37421

Valuation

    Tax

  • Total Area: 1,696
  • Tax Year: 2023
  • Tax Amount: $1,070

    Appraisal Valuation

  • Standard Deviation: 0.2674
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 61
  • Final Value: 248,981
  • High Value: 315,564
  • Low Value: 182,397

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $174,000
  • First Open Lien Mortgage Lender: FRANKLIN SYNERGY BANK
  • First Open Lien Mortgage Recording Date: Jan 06, 2020
  • First Open Lien Mortgage Loan Amount: $174,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 06, 2050

    Market Valuation

  • Market Total Value: $117,600
  • Market Land Value: $40,000
  • Market Improvement Value: $77,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $47,040

    Sales

  • Current Sale Contract Date: Jan 03, 2020
  • Current Sale Recording Date: Jan 06, 2020
  • Current Sale Transaction ID: 11713920903
  • Current Sale Price: $247,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020010600005
  • Previous Sale Recording Date: Jan 25, 2010
  • Previous Sale Contract Date: Jan 13, 2010
  • Previous Sale Amount: $64,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FRANKLIN SYNERGY BANK
  • First Mortgage Transaction Date: Jan 06, 2020
  • First Mortgage Loan Amount: $174,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 1602 Duke Lane located in?
The 1602 Duke Lane is a located in the neighborhood of Westview - Mountain Shadows in Westview - Mountain Shadows, Chattanooga.
What is the average sales price for listings in 1602 Duke Lane?
The average sales price for units in 1602 Duke Lane is $0 currently.

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