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3316 Chestnut Drive

3316 Chestnut Drive, Cleveland, TN 37312
Property in Bradley
Sold May 11, 2020
$650,000
$100,000 by James W Gorman Jr Etux
Mortgage
Sold Jan 04, 2002
$55,000
3316 Chestnut Drive in Cleveland, TN was first built in 2003 and is 21 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 3316 Chestnut Drive has 6,111 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 basement is 2,965 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 2,400 ft and the linear feet between the front and back of the lot is 3,279. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 1,136 sqft. There are a total of 4 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 3316 Chestnut Drive was last sold in May 7, 2020 for $650,000. According to our calculations, that's $67.94 per sqft. Prior to that sales transaction, the property was sold for $55,000 in Jan 1, 1970. Current property owners are expected to pay $5,982 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 3316 Chestnut Drive was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $189,775. To break that down further, the land itself was valued at $22,025. While improvements to the property were assessed at a total of $167,750. 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. 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. 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: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Partial basement
  • Basement Area: 2,965
  • Garage Type: Attached
  • Garage Square Area: 1,136
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 3,279
  • Lot Size Frontage Feet: 2,400
  • Total Building Area: 9,567
  • Gross Building Area: 9,890
  • Building Area: 6,111
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 6,111
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MOUNTAIN BROOK SEC I
  • Land Acres: 1
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: MOUNTAIN BROOK SEC I PB: 15 PG: 80 LOT: 65 LOT 65

Ownership

  • Current Owner : COLLINS CLAYTON MARK
  • Current Owner 2: COLLINS CARLY ALEXANDRA
  • Previous Owner : WATSON ANDREW B
  • Previous Owner 2: WATSON SONYA
  • Owner Before Previous Owner: PRESTON FORREST L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cleveland City School District
  • School Tax School District: 06138
  • Census Tract: 011404

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 040D
  • Account Number: 13130
  • District: 02
  • Section: 80
  • Parcel: 040D-A-005.00
  • Lot: 65
  • Municipality: CLEVELAND
  • Latitude: 35.202
  • Longitude: -84.9212

    Address

  • Full Address: 3316 Chestnut Cir Nw
  • Address - House Number: 3316
  • Street Segment Direction: NW
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Cir
  • State: TN
  • City Name: Cleveland
  • Carrier Code: C041
  • 4-Digit Zip Code: 2115
  • Zip Code: 37312

Valuation

    Tax

  • Total Area: 2,993
  • Tax Year: 2022
  • Tax Amount: $5,982
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 06A02

    Appraisal Valuation

  • Standard Deviation: 0.2377
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 965,091
  • High Value: 1,194,556
  • Low Value: 735,626

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: JAMES W GORMAN JR ETUX
  • First Open Lien Mortgage Recording Date: May 11, 2020
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $759,100
  • Market Land Value: $88,100
  • Market Improvement Value: $671,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $189,775
  • Assessed Land Value: $22,025
  • Assessed Improvements Value: $167,750

    Sales

  • Current Sale Contract Date: May 07, 2020
  • Current Sale Recording Date: May 11, 2020
  • Current Sale Transaction ID: 11759899036
  • Current Sale Price: $650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20006155
  • Previous Sale Recording Date: Jan 04, 2002
  • Previous Sale Amount: $55,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: JAMES W GORMAN JR ETUX
  • First Mortgage Transaction Date: May 11, 2020
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

About Cleveland



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Frequently Asked Questions

What neighborhood is 3316 Chestnut Drive located in?
The 3316 Chestnut Drive is a located in the neighborhood of Bradley in Cleveland, Cleveland.
What is the average sales price for listings in 3316 Chestnut Drive?
The average sales price for units in 3316 Chestnut Drive is $0 currently.

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