See Home Value
$506,617*
House - Off Market

5514 Alabama Ave

Chattanooga, TN 37409
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1633 Sqft
$441,000 - $539,000
Reference Base Price*
3.39%
Since Sep 1, 2022
National-US
Primary Model
Sold Aug 03, 2022
$482,500
$337,500 by Freedom Mortgage Corporation
Mortgage Due Sep 01, 2052
Sold Jun 20, 2018
$195,000
$189,150 by Legends Bank
Mortgage Due Jul 01, 2048

About This Property

Welcome Home to 5514 Alabama Ave in popular St Elmo. An adorable bungalow located at the foot of Lookout Mtn features 3 bedrooms, 2.5 baths which sits on a large fully fenced lot. This home offers original 1900 charm combined with a unique rustic, industrial design that you're sure to appreciate. Modern updates such as new plumbing and electrical added in 2010. Other more recent updates include a finished basement, adding a master bedroom and full bathroom along with an office nook, storage and a gym space which could also function as a den or large office. Updated cabinetry was added to the kitchen as well as a 1/2 bath on the main level for added convenience. If you're looking for a property to add a detached garage and perhaps a garage apartment or ADU for extra income, this lot backs up to an alley which can be accessible for both off street parking or to your new detached garage with apartment. Don't let this opportunity pass you by, schedule your showing today!

The manager has listed the unit size as 1633 square feet.
Unit Size
1,633Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$300
Property Type
House
Property Taxes
$148
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Aug 3, 2022 No longer available -
No longer available
Aug 3, 2022 Sold to Abby L Bates, Paden Bates $482,500
Sold to Abby L Bates, Paden Bates
Jul 12, 2022 In contract -
In contract
Jun 25, 2022 Listed $490,000
Listed
Aug 21, 2018 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1984
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D
  • Exterior Walls Type: Wood
  • 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: 43,560
  • Lot Size Depth Feet: 1,941
  • Lot Size Frontage Feet: 507
  • Total Building Area: 1,872
  • Building Area: 1,872
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,872
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: THURMANS ADDN TO ST
  • Land Acres: 1
  • Standard Land Use Code: Residential (general) (single)
  • Legal Description 1: LT 56 THURMANS AMENDED ADDN TO ST E LMO PB4 PG38

Ownership

  • Current Owner : BATES PADEN
  • Current Owner 2: BATES ABBY L
  • Previous Owner : FAVA
  • Previous Owner 2: HADYN
  • Owner Before Previous Owner: BAILEY JASON L
  • Owner Before Previous Owner 2: JARRARD BAILEY TAMMY LYNETTE
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 001800

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: MB 4 PG 38
  • Account Number: 0000107090
  • District: 1
  • Parcel: 167O F 019
  • Lot: 56
  • Municipality: CHATTANOOGA
  • Latitude: 34.9875
  • Longitude: -85.3329

    Address

  • Full Address: 5514 Alabama Ave
  • Address - House Number: 5514
  • Address - Street Name: Alabama
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C001
  • 4-Digit Zip Code: 2209
  • Zip Code: 37409

Valuation

    Tax

  • Total Area: 1,206
  • Tax Year: 2023
  • Tax Amount: $1,260

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 67
  • Final Value: 366,352
  • High Value: 451,942
  • Low Value: 280,763

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $337,500
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: Aug 03, 2022
  • First Open Lien Mortgage Loan Amount: $337,500
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $225,200
  • Market Land Value: $45,000
  • Market Improvement Value: $180,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $56,300

    Sales

  • Current Sale Contract Date: Aug 02, 2022
  • Current Sale Recording Date: Aug 03, 2022
  • Current Sale Transaction ID: 11894287289
  • Current Sale Price: $482,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 108
  • Previous Sale Recording Date: Jun 20, 2018
  • Previous Sale Contract Date: Jun 14, 2018
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FREEDOM MORTGAGE CORPORATION
  • First Mortgage Transaction Date: Aug 03, 2022
  • First Mortgage Loan Amount: $337,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: LEGENDS BANK
  • Previous Mortgage Transaction Date: Jun 20, 2018
  • Previous Mortgage Loan Amount: $189,150
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
1 Bath
1,323 ft²
$321/ft²
$425,000 Mar 19, 2023
-
$155/mo
Condo
2 Beds
2 Baths
1,917 ft²
$250/ft²
$479,000 Feb 26, 2023
-
$639/mo

About South Chattanooga


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Frequently Asked Questions

When was property at 5514 Alabama Avenue built and last sold?
The property at 5514 Alabama Avenue was built in 1900 and last sold on Aug 2, 2022 for $482,500.
How much is this home worth?
The estimated value of the home located at 5514 Alabama Avenue is $485,435.
What are some comparable homes to 5514 Alabama Avenue?
There are currently no comparable homes to 5514 Alabama Avenue.

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