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615 Valley Bridge Road

615 Valley Bridge Road, Chattanooga, TN 37415
Property in Spring Valley
Sold Jul 12, 2021
$304,000
$273,600 by Cmg Mortgage Inc
Mortgage Due Aug 01, 2051
615 Valley Bridge Road 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 1974 and is 50 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 3 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, 615 Valley Bridge Road has 2,268 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 1,500 ft and across the front of the lot is 1,170 ft. The area measurement of the land has been determined as 17,550 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. 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, 615 Valley Bridge Road sold most recently in Jul 9, 2021 for a total of $304,000. If you work out the math, that's approximately a cost of $134.04 per sqft. 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 $1,317 in taxes each year. 615 Valley Bridge Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $58,850. 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: 1974
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 17,550
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,170
  • Total Building Area: 2,268
  • Building Area: 2,268
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,268
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SPRING VALLEY SEC 1
  • Land Acres: 0.402
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 8 SPRING VALLEY SEC 1 UNIT 3 PB 26 PG104 PB 33 PB278 1880B 05 02B-

Ownership

  • Current Owner : ANDERSON ANDREW
  • Current Owner 2: ANDERSON RACHEL
  • Previous Owner : HWANG HENRY STAR
  • Previous Owner 2: HWANG CLARA CHANG
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 010905

Geography

  • Assessors Map Reference: MB 26 PG 104
  • Account Number: 0000033142
  • District: 1
  • Parcel: 108M F 023
  • Lot: 8
  • Municipality: CHATTANOOGA
  • Latitude: 35.1177
  • Longitude: -85.3068

    Address

  • Full Address: 615 Valley Bridge Rd
  • Address - House Number: 615
  • Address - Street Name: Valley Bridge
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C005
  • 4-Digit Zip Code: 3916
  • Zip Code: 37415

Valuation

    Tax

  • Total Area: 2,201
  • Tax Year: 2023
  • Tax Amount: $1,317

    Appraisal Valuation

  • Standard Deviation: 0.2457
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 65
  • Final Value: 396,574
  • High Value: 494,019
  • Low Value: 299,128

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $273,600
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jul 12, 2021
  • First Open Lien Mortgage Loan Amount: $273,600
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $235,400
  • Market Land Value: $40,000
  • Market Improvement Value: $195,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,850

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Transaction ID: 11842431413
  • Current Sale Price: $304,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021071200297

    Last Sale Mortgage

  • First Mortgage Lender: CMG MORTGAGE INC
  • First Mortgage Transaction Date: Jul 12, 2021
  • First Mortgage Loan Amount: $273,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

About Mountain Creek - Moccasin Bend



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Frequently Asked Questions

What neighborhood is 615 Valley Bridge Road located in?
The 615 Valley Bridge Road is a located in the neighborhood of Spring Valley in Mountain Creek - Moccasin Bend, Chattanooga.
What is the average sales price for listings in 615 Valley Bridge Road?
The average sales price for units in 615 Valley Bridge Road is $0 currently.

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