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3162 Waterfront Drive

3162 Waterfront Drive, Chattanooga, TN 37419
Sold Aug 31, 2021
$448,000
$335,500 by Summit Funding Inc
Mortgage Due Sep 01, 2036
Sold Sep 29, 2015
$318,000
$302,100 by Mortgage Investors Group Inc
Mortgage Due Oct 01, 2045
3162 Waterfront 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 1989 and is 35 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3162 Waterfront Drive has 2,190 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 1,666 ft and across the front of the lot is 240 ft. The area measurement of the land has been determined as 3,999 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. The building has a mansard style roof made of asphalt. The exterior walls of the building are made of brick. 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. 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, 3162 Waterfront Drive sold most recently in Aug 25, 2021 for a total of $448,000. If you work out the math, that's approximately a cost of $204.57 per sqft. Before that, the property was also sold for $318,000 in Sep 25, 2015. 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 $1,895 in taxes each year. 3162 Waterfront Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $84,700. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Roof Shape Type: Mansard
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,999
  • Lot Size Depth Feet: 1,666
  • Lot Size Frontage Feet: 240
  • Total Building Area: 2,190
  • Building Area: 2,190
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,190
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RE SUB BROWNS FERRY LANDING
  • Land Acres: 0.091
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LT 53 BROWNS FERRY LANDING PB42 PG3 23 OUT OF 144D-C-2.17 FOR 1988

Ownership

  • Current Owner : FOSTER MELINDA J
  • Current Owner 2: LABBE CARL ANTHONY
  • Previous Owner : CREWS CAROLE
  • Owner Before Previous Owner: CROSSON GUY W
  • Owner Before Previous Owner 2: MILLARD SONJA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 012100

Geography

  • Account Number: 0000124106
  • District: 1
  • Parcel: 144D C 002.20
  • Municipality: CHATTANOOGA
  • Latitude: 35.0431
  • Longitude: -85.3492

    Address

  • Full Address: 3162 Waterfront Dr
  • Address - House Number: 3162
  • Address - Street Name: Waterfront
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C001
  • 4-Digit Zip Code: 1541
  • Zip Code: 37419

Valuation

    Tax

  • Total Area: 2,065
  • Tax Year: 2023
  • Tax Amount: $1,895

    Appraisal Valuation

  • Standard Deviation: 0.2405
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 524,305
  • High Value: 650,434
  • Low Value: 398,177

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $335,500
  • First Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • First Open Lien Mortgage Recording Date: Aug 31, 2021
  • First Open Lien Mortgage Loan Amount: $335,500
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2036

    Market Valuation

  • Market Total Value: $338,800
  • Market Land Value: $150,000
  • Market Improvement Value: $188,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $84,700

    Sales

  • Current Sale Contract Date: Aug 25, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Transaction ID: 11854046394
  • Current Sale Price: $448,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021083100421
  • Previous Sale Recording Date: Sep 29, 2015
  • Previous Sale Contract Date: Sep 25, 2015
  • Previous Sale Amount: $318,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: Aug 31, 2021
  • First Mortgage Loan Amount: $335,500
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • Previous Mortgage Transaction Date: Sep 29, 2015
  • Previous Mortgage Loan Amount: $302,100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Oct 01, 2045

About Lookout Valley - Lookout Mountain



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Nearby Rentals

Unit for rent at 3311 Elder Mountain Rd, Chattanooga, TN, 37419

$1,525 /mo

  • 3 Beds
  • 1 Bath
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3311 Elder Mountain Rd, Chattanooga, TN, 37419 Listing by Mac Hibbett

Frequently Asked Questions

What neighborhood is 3162 Waterfront Drive located in?
The 3162 Waterfront Drive is a located in the neighborhood of Lookout Valley - Lookout Mountain in Lookout Valley - Lookout Mountain, Chattanooga.
What is the average sales price for listings in 3162 Waterfront Drive?
The average sales price for units in 3162 Waterfront Drive is $0 currently.

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