See Home Value
$399,536*
Land - Off Market

505 Sterling Ave

Chattanooga, TN 37405
bedrooms
Studio
bathrooms
0 Bath
$320,000 - $390,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Apr 28, 2017
$365,000
$300,000 by Firstbank
Mortgage Due Jan 01, 2052

About This Property

Large, level lots suitable for new construction located in the highly desirable North Shore area of Chattanooga are now almost nonexistent. This is one of the last ones available thanks to an old, existing structure that was recently cleared off to make way for the future. Surrounded by a tight knit enclave of high end homes and hard working professionals, this fantastic, large rectangular plot can be yours and is ready to build on. Simply select that inspired architect who shares your vision to create your plans for the home you are dreaming of, file for your building permit and you will be sitting on go with your builder. For business and leisure entertainment should you be so inclined, the Chattanooga Golf and Country Club will be minutes away from your new home. Nearby in the North Shore business district you will find a wide variety of amenities including Whole Foods and Publix grocery stores, gym facilities, yoga studios, branch banking, book stores, upscale restaurants, a pharmacy, and trendy boutiques. Relax at Coolidge Park where you can picnic with your family, play Frisbee in wide open grassy fields with friends, and let children play in an outdoor fountain populated with water-spewing lions, tigers and bears, or ride a 100-year old beautifully restored antique carousel. Nearby at the eastern boundary of the North Shore community, enjoy walking, hiking, jogging, or mountain biking along the pristine 92-acre Stringers Ridge Wilderness Preservation Area, a well developed and maintained ten mile network of popular trails. Across the bridge spanning the Tennessee River and connecting North Shore to downtown Chattanooga are a wide variety of upscale restaurants, specialty shopping, and an abundance of attractions and activity locations including the Majestic and IMAX movie theaters, the Ross Landing riverfront, the Tennessee Aquarium, High Point rock climbing gym, Bluff View Arts District, the Tivoli Theatre, and the Hunter Museum of American Art. Walk or bike along the adjoining Tennessee Riverpark walkway, which features over 12 miles of concrete-paved riverside trails including picnicking parks, playgrounds, and breathtaking views along the river. Walk or ride your bike to downtown employers including several national banks, Erlanger Hospital, Unum, BlueCross BlueShield, the University of Tennessee at Chattanooga, TVA and many others. This North Shore location also provides quick travel access to still more outdoor opportunities throughout the greater Chattanooga area including world class rock climbing, whitewater, caving, and hang gliding.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,853
HOA Dues
-
Year Built
2021

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Aug 25, 2020 In contract -
In contract
Jul 17, 2020 Relisted $355,000
Relisted
Jul 14, 2020 No longer available -
No longer available
Jun 26, 2020 Price Decreased $355,000
↓ $20K (5.3%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: D+
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,902
  • Gross Building Area: 1,286
  • Building Area: 3,902
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,902
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HAMPTON ADDN TO NORT
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 14 BLK 4 HAMPTON ADDN TO NORTH C HATT PB6 PG55

Ownership

  • Current Owner : HUNTLEY KRISTIN B
  • Previous Owner : MAHAN KING SANDRA LYNN
  • Previous Owner 2: MAHAN BEARD DONNA SHARON
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 000600

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 6 PG 55
  • Account Number: 0000062069
  • District: 1
  • Parcel: 136H F 016
  • Block: 4
  • Lot: 14
  • Municipality: CHATTANOOGA
  • Latitude: 35.0629
  • Longitude: -85.2961

    Address

  • Full Address: 505 Sterling Ave
  • Address - House Number: 505
  • Address - Street Name: Sterling
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C007
  • 4-Digit Zip Code: 4227
  • Zip Code: 37405

Valuation

    Tax

  • Total Area: 1,550
  • Tax Year: 2023
  • Tax Amount: $5,587

    Appraisal Valuation

  • Standard Deviation: 0.4541
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 9
  • Final Value: 472,620
  • High Value: 687,283
  • Low Value: 257,956

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: FIRSTBANK
  • First Open Lien Mortgage Recording Date: Dec 21, 2021
  • First Open Lien Mortgage Loan Amount: $300,000
  • 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: Jan 01, 2052

    Market Valuation

  • Market Total Value: $998,800
  • Market Land Value: $200,000
  • Market Improvement Value: $798,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $249,700

    Sales

  • Current Sale Contract Date: Apr 27, 2017
  • Current Sale Recording Date: Apr 28, 2017
  • Current Sale Transaction ID: 1811935892
  • Current Sale Price: $365,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017042800136



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Chattanooga - Hill City - UTC


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Frequently Asked Questions

When was property at 505 Sterling Avenue built and last sold?
The property at 505 Sterling Avenue was built in 2021 and last sold on Apr 27, 2017 for $365,000.
How much is this home worth?
The estimated value of the home located at 505 Sterling Avenue is $358,550.
What are some comparable homes to 505 Sterling Avenue?
There are currently no comparable homes to 505 Sterling Avenue.

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