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3961 Atlanta Drive

3961 Atlanta Drive, Chattanooga, TN 37415
Sold Feb 03, 2022
Transfer
$120,000 by Highlands Residential Mortgage
Mortgage Due Mar 01, 2052
Sold Jun 29, 2021
$108,000
$114,750 by Southeast Bank
Mortgage
3961 Atlanta 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 1950 and is 74 years old. However, we must point out that the home was most recently renovated and altered in 1983. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3961 Atlanta Drive has 888 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 1,700 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 10,200 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. From what we've gathered, the quality of these control joints have been graded with a letter grade of D 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Before that, the property was also sold for $108,000 in Jun 24, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $559 in taxes each year. 3961 Atlanta Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $24,975. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1950
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D
  • 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: 10,200
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 600
  • Total Building Area: 888
  • Building Area: 888
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 888
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BAGWELL CITY
  • Land Acres: 0.234
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 101 BAGWELL CITY PB 15 PG 102

Ownership

  • Current Owner : REED ROBERT C
  • Current Owner 2: REED ELIZABETH A
  • Previous Owner : BOB REED BUILDER LLC
  • Owner Before Previous Owner: PRICE JEFFREY
  • Owner Before Previous Owner 2: PRICE SANDRA

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 15 PG 102
  • Account Number: 0000044683
  • District: 1
  • Parcel: 118D G 003
  • Lot: 101
  • Municipality: CHATTANOOGA
  • Latitude: 35.1121
  • Longitude: -85.2549

    Address

  • Full Address: 3961 Atlanta Dr
  • Address - House Number: 3961
  • Address - Street Name: Atlanta
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C012
  • 4-Digit Zip Code: 3805
  • Zip Code: 37415

Valuation

    Tax

  • Total Area: 892
  • Tax Year: 2023
  • Tax Amount: $559

    Appraisal Valuation

  • Standard Deviation: 0.275
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 60
  • Final Value: 186,050
  • High Value: 237,219
  • Low Value: 134,882

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $120,000
  • First Open Lien Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Feb 03, 2022
  • First Open Lien Mortgage Loan Amount: $120,000
  • 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: Mar 01, 2052

    Market Valuation

  • Market Total Value: $99,900
  • Market Land Value: $45,000
  • Market Improvement Value: $54,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,975

    Sales

  • Current Sale Contract Date: Feb 03, 2022
  • Current Sale Recording Date: Feb 03, 2022
  • Current Sale Transaction ID: 11879320167
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 183
  • Previous Sale Recording Date: Jun 29, 2021
  • Previous Sale Contract Date: Jun 24, 2021
  • Previous Sale Amount: $108,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Feb 03, 2022
  • First Mortgage Loan Amount: $120,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHEAST BANK
  • Previous Mortgage Transaction Date: Jun 29, 2021
  • Previous Mortgage Loan Amount: $114,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 3961 Atlanta Drive located in?
The 3961 Atlanta 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 3961 Atlanta Drive?
The average sales price for units in 3961 Atlanta Drive is $0 currently.

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