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511 South St Marks Avenue

511 South St Marks Avenue, Chattanooga, TN 37412
Property in East Ridge
Sold Jan 04, 2018
$90,000
$883,639 by Freedom Mortgage Corp
Mortgage Due Feb 01, 2048
Sold Jun 29, 2012
$78,900
$789,000 by Tennessee Valley Fcu
Mortgage Due Jul 01, 2042
Local assessors in Chattanooga, TN have categorized 511 South St Marks Avenue as a residential type of property. The home was built in 1936 and is 88 years old. It was most recently renovated and altered in 1982. The property's lot size has been calculated to be 8,400 square feet. The linear feet between the front and back of the lot was measured at 1,680 ft and the front of the lot was measured at 500 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 511 South St Marks Avenue has a total of 1,155 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is fair. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a gable or hip style roof that was made of asphalt. Lots of unknown were used in the construction of the exterior walls of the home. The home's a central heating system is the primary heating source. 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, 511 South St Marks Avenue sold most recently in Jan 3, 2017 for a total of $90,000. If you work out the math, that's approximately a cost of $77.92 per sqft. Before that, the property was also sold for $78,900 in Jun 26, 2012. 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 $1,061 in taxes each year. 511 South St Marks Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $30,175. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1936
  • Effective Year Built: 1982
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Building Quality: D
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,680
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,155
  • Building Area: 1,155
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,155
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HAMILTON PLACE
  • Land Acres: 0.192
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 25 BLK 15 HAMILTON PLACE PB 8 PG 35

Ownership

  • Current Owner : SWAFFORD RACHEL E
  • Previous Owner : POTTS LAMAR
  • Previous Owner 2: POTTS AMBER NOELLE
  • Owner Before Previous Owner: REID STEPHEN W
  • Owner Before Previous Owner 2: REID JANET A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011600

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 8 PG 35
  • Account Number: 0000113151
  • District: 2E
  • Parcel: 169B M 022
  • Block: 15
  • Lot: 25
  • Municipality: EAST RIDGE
  • Latitude: 35.0038
  • Longitude: -85.2307

    Address

  • Full Address: 511 S Saint Marks Ave
  • Address - House Number: 511
  • Street Direction: S
  • Address - Street Name: Saint Marks
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C017
  • 4-Digit Zip Code: 2963
  • Zip Code: 37412

Valuation

    Tax

  • Total Area: 1,177
  • Tax Year: 2023
  • Tax Amount: $1,061

    Appraisal Valuation

  • Standard Deviation: 0.2766
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 60
  • Final Value: 207,373
  • High Value: 264,743
  • Low Value: 150,003

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $883,639
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jan 04, 2018
  • First Open Lien Mortgage Loan Amount: $883,639
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2048

    Market Valuation

  • Market Total Value: $120,700
  • Market Land Value: $35,000
  • Market Improvement Value: $85,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $30,175

    Sales

  • Current Sale Contract Date: Jan 03, 2017
  • Current Sale Recording Date: Jan 04, 2018
  • Current Sale Transaction ID: 11357179685
  • Current Sale Price: $90,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018010400028
  • Previous Sale Recording Date: Jun 29, 2012
  • Previous Sale Contract Date: Jun 26, 2012
  • Previous Sale Amount: $78,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Mortgage Transaction Date: Jan 04, 2018
  • First Mortgage Loan Amount: $883,639
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Feb 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: TENNESSEE VALLEY FCU
  • Previous Mortgage Transaction Date: Jun 29, 2012
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $789,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Assumption
  • Previous Mortgage Loan Due Date: Jul 01, 2042

About East Ridge



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Frequently Asked Questions

What neighborhood is 511 South St Marks Avenue located in?
The 511 South St Marks Avenue is a located in the neighborhood of East Ridge in East Ridge, Chattanooga.
What is the average sales price for listings in 511 South St Marks Avenue?
The average sales price for units in 511 South St Marks Avenue is $0 currently.

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