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5502 Belaire Drive

5502 Belaire Drive, Chattanooga, TN 37411
Sold Feb 04, 2020
$138,000
$140,967 by Platinum Financial Funding Llc
Mortgage Due Feb 01, 2050
Local assessors in Chattanooga, TN have categorized 5502 Belaire Drive as a residential type of property. The home was built in 1950 and is 74 years old. It was most recently renovated and altered in 1968. The property's lot size has been calculated to be 11,424 square feet. The linear feet between the front and back of the lot was measured at 1,428 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. 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 5502 Belaire Drive has a total of 1,876 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. 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. 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, 5502 Belaire Drive was last sold in Jan 31, 2020 for $138,000. According to our calculations, that's $73.56 per sqft. Current property owners are expected to pay $807 in taxes per year. The property on 5502 Belaire Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $36,075. 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. 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.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: 1950
  • Effective Year Built: 1968
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • 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: 11,424
  • Lot Size Depth Feet: 1,428
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,876
  • Building Area: 1,876
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,876
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TERRA QUEEN SUBDIVISION
  • Land Acres: 0.262
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 17 TERRA QUEEN PB16 PG65 0098 0 4A 03

Ownership

  • Current Owner : WILKES REGINALD D
  • Previous Owner : MCMAHAN GAIL P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 003000

Zoning

  • Zoning: R2

Geography

  • Account Number: 0000097579
  • District: 1
  • Parcel: 157K S 003
  • Municipality: CHATTANOOGA
  • Latitude: 35.0113
  • Longitude: -85.2189

    Address

  • Full Address: 5502 Belaire Dr
  • Address - House Number: 5502
  • Address - Street Name: Belaire
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C003
  • 4-Digit Zip Code: 5333
  • Zip Code: 37411

Valuation

    Tax

  • Total Area: 2,143
  • Tax Year: 2023
  • Tax Amount: $807

    Appraisal Valuation

  • Standard Deviation: 0.2565
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 63
  • Final Value: 242,151
  • High Value: 304,264
  • Low Value: 180,038

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $140,967
  • First Open Lien Mortgage Lender: PLATINUM FINANCIAL FUNDING LLC
  • First Open Lien Mortgage Recording Date: Feb 04, 2020
  • First Open Lien Mortgage Loan Amount: $140,967
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2050

    Market Valuation

  • Market Total Value: $144,300
  • Market Land Value: $34,500
  • Market Improvement Value: $109,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,075

    Sales

  • Current Sale Contract Date: Jan 31, 2020
  • Current Sale Recording Date: Feb 04, 2020
  • Current Sale Transaction ID: 11723131284
  • Current Sale Price: $138,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020020400218

    Last Sale Mortgage

  • First Mortgage Lender: PLATINUM FINANCIAL FUNDING LLC
  • First Mortgage Transaction Date: Feb 04, 2020
  • First Mortgage Loan Amount: $140,967
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Feb 01, 2050

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Frequently Asked Questions

What neighborhood is 5502 Belaire Drive located in?
The 5502 Belaire Drive is a located in the neighborhood of Woodmore - Dalewood in Woodmore - Dalewood, Chattanooga.
What is the average sales price for listings in 5502 Belaire Drive?
The average sales price for units in 5502 Belaire Drive is $0 currently.

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