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511 Parlem Drive

511 Parlem Drive, Chattanooga, TN 37415
Sold May 14, 2019
$262,000
$170,000 by Caliber Home Loans Inc
Mortgage Due Jun 01, 2049
511 Parlem 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 1963 and is 61 years old. However, we must point out that the home was most recently renovated and altered in 1983. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 511 Parlem Drive has 2,483 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 1,661 ft and across the front of the lot is 1,237 ft. The area measurement of the land has been determined as 20,553 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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. 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 wood shingle. 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. The property was last sold in May 10, 2019 for $262,000. That's $105.52 per sqft. 511 Parlem Drive was last assessed in 2023. The total value of the property was assessed at $62,050. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,494. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D+
  • Building Style: Split level
  • Exterior Walls Type: Wood shingle
  • 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: 20,553
  • Lot Size Depth Feet: 1,661
  • Lot Size Frontage Feet: 1,237
  • Total Building Area: 2,483
  • Building Area: 2,483
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,483
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PARAGON PLACE UNIT N
  • Land Acres: 0.471
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 1830B 04B 10 LOT 37 PT 38 PARAGON P LACE UNIT NO 2 PB24 PG18

Ownership

  • Current Owner : KIMBROUGH VERNON
  • Current Owner 2: DUKE LISA
  • Previous Owner : PASCH RONALD W
  • Previous Owner 2: PASCH MAJORIE C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 24 PG 18
  • Account Number: 0000027459
  • District: 3R
  • Parcel: 099N C 014
  • Lot: 37
  • Municipality: RED BANK
  • Latitude: 35.1389
  • Longitude: -85.2672

    Address

  • Full Address: 511 Parlem Dr
  • Address - House Number: 511
  • Address - Street Name: Parlem
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C004
  • 4-Digit Zip Code: 1910
  • Zip Code: 37415

Valuation

    Tax

  • Total Area: 2,513
  • Tax Year: 2023
  • Tax Amount: $2,494

    Appraisal Valuation

  • Standard Deviation: 0.2457
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 65
  • Final Value: 409,668
  • High Value: 510,332
  • Low Value: 309,005

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $337,600
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: May 14, 2019
  • First Open Lien Mortgage Loan Amount: $170,000
  • 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: Jun 01, 2049
  • Second Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • Second Open Lien Mortgage Recording Date: Sep 16, 2021
  • Second Open Lien Mortgage Loan Amount: $167,600
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2036

    Market Valuation

  • Market Total Value: $248,200
  • Market Land Value: $50,000
  • Market Improvement Value: $198,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $62,050

    Sales

  • Current Sale Contract Date: May 10, 2019
  • Current Sale Recording Date: May 14, 2019
  • Current Sale Transaction ID: 11610468998
  • Current Sale Price: $262,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019051400126

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: May 14, 2019
  • First Mortgage Loan Amount: $170,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2049

About Lupton City - Norcross



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Frequently Asked Questions

What neighborhood is 511 Parlem Drive located in?
The 511 Parlem Drive is a house located in the neighborhood of Lupton City - Norcross in Lupton City - Norcross, Chattanooga.
What is the average sales price for listings in 511 Parlem Drive?
The average sales price for units in 511 Parlem Drive is $0 currently.

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