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5912 Rainbow Springs Drive

5912 Rainbow Springs Drive, Chattanooga, TN 37416
Property in Harrison
Sold Nov 02, 2020
$315,500
$299,725 by Highlands Residential Mortgage
Mortgage Due Nov 01, 2050
Sold Mar 01, 2004
$210,000
5912 Rainbow Springs 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 1989 and is 35 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5912 Rainbow Springs Drive has 2,325 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 2,330 ft and across the front of the lot is 340 ft. The area measurement of the land has been determined as 43,560 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 5912 Rainbow Springs Drive was last sold in Oct 29, 2020 for $315,500. According to our calculations, that's $135.70 per sqft. Prior to that sales transaction, the property was sold for $210,000 in Feb 27, 2004. Current property owners are expected to pay $1,792 in taxes per year. The property on 5912 Rainbow Springs Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $78,469. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1989
  • Effective Year Built: 1989
  • Bedroom Count: 0
  • Building Style: Townhouse
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 2,330
  • Lot Size Frontage Feet: 340
  • Total Building Area: 2,325
  • Building Area: 2,325
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,325
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RIVER RUN TOWNHOMES
  • Land Acres: 1
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LT 141 RIVER RUN TOWNHOMES PB 44 PG 213 OUT OF 102P-A-1 FOR 1989

Ownership

  • Current Owner : MAHON ERICKA
  • Current Owner 2: MAHON JEFFREY
  • Previous Owner : WELCH ROGER J
  • Previous Owner 2: WELCH NANCY M
  • Owner Before Previous Owner: GRIBBELL GARY R
  • Owner Before Previous Owner 2: GRIBBELL CHRISTINA A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011413

Geography

  • Assessors Map Reference: MB 38 PG 237
  • Account Number: 0000126574
  • District: 2
  • Parcel: 102P F 003
  • Lot: 141
  • Municipality: COUNTY SOUTH
  • Latitude: 35.1371
  • Longitude: -85.1523

    Address

  • Full Address: 5912 Rainbow Springs Dr
  • Address - House Number: 5912
  • Address - Street Name: Rainbow Springs
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: R003
  • 4-Digit Zip Code: 1055
  • Zip Code: 37416

Valuation

    Tax

  • Total Area: 2,325
  • Tax Year: 2023
  • Tax Amount: $1,792

    Appraisal Valuation

  • Standard Deviation: 0.2374
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 66
  • Final Value: 464,840
  • High Value: 575,200
  • Low Value: 354,479

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $349,725
  • First Open Lien Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 02, 2020
  • First Open Lien Mortgage Loan Amount: $299,725
  • 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: Nov 01, 2050
  • Second Open Lien Mortgage Lender: TENNESSEE VALLEY FCU
  • Second Open Lien Mortgage Recording Date: Mar 19, 2024
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 25, 2044

    Market Valuation

  • Market Total Value: $313,875
  • Market Land Value: $40,000
  • Market Improvement Value: $273,875

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,469

    Sales

  • Current Sale Contract Date: Oct 29, 2020
  • Current Sale Recording Date: Nov 02, 2020
  • Current Sale Transaction ID: 11798015304
  • Current Sale Price: $315,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020110200371
  • Previous Sale Recording Date: Mar 01, 2004
  • Previous Sale Contract Date: Feb 27, 2004
  • Previous Sale Amount: $210,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Nov 02, 2020
  • First Mortgage Loan Amount: $299,725
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Harrison



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5912 Rainbow Springs Drive located in?
The 5912 Rainbow Springs Drive is a located in the neighborhood of Harrison in Harrison, Chattanooga.
What is the average sales price for listings in 5912 Rainbow Springs Drive?
The average sales price for units in 5912 Rainbow Springs Drive is $0 currently.

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