Check Availability

7731 Basswood Drive

7731 Basswood Drive, Chattanooga, TN 37416
Sold Jan 03, 2020
$134,000
$161,273 by Advantagefirst Lending Inc
Mortgage Due Oct 01, 2052
Sold Dec 01, 2005
$93,000
$88,350 by Citimortgage Inc
Mortgage Due Dec 01, 2035
Local assessors in Chattanooga, TN have categorized 7731 Basswood Drive as a residential type of property. The home was built in 1961 and is 63 years old. It was most recently renovated and altered in 1975. The property's lot size has been calculated to be 43,560 square feet. The linear feet between the front and back of the lot was measured at 1,385 ft and the front of the lot was measured at 1,090 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 is one full bathroom. 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 7731 Basswood Drive has a total of 1,213 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 wood shingle 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, 7731 Basswood Drive sold most recently in Dec 20, 2019 for a total of $134,000. If you work out the math, that's approximately a cost of $110.47 per sqft. Before that, the property was also sold for $93,000 in Nov 28, 2005. 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 $752 in taxes each year. 7731 Basswood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $33,600. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Brick Exterior

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: D
  • Building Style: Ranch/Rambler
  • 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: 43,560
  • Lot Size Depth Feet: 1,385
  • Lot Size Frontage Feet: 1,090
  • Total Building Area: 1,213
  • Building Area: 1,213
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,213
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: EASTERN HILLS ADDN N
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 28 EASTERN HILLS ADDN NO 1 PB21 PG21

Ownership

  • Current Owner : SHEPARD BRITTANY DAWN
  • Current Owner 2: YARBOUGH JONATHAN ROBERT
  • Previous Owner : POTTER EDWARD L
  • Previous Owner 2: POTTER RACHELE C
  • Owner Before Previous Owner: EDWARDS BETTY G
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011402

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 21 PG 21
  • Account Number: 0000056755
  • District: 1
  • Parcel: 129L B 044
  • Lot: 28
  • Municipality: CHATTANOOGA
  • Latitude: 35.0791
  • Longitude: -85.1675

    Address

  • Full Address: 7731 Basswood Dr
  • Address - House Number: 7731
  • Address - Street Name: Basswood
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C006
  • 4-Digit Zip Code: 2402
  • Zip Code: 37416

Valuation

    Tax

  • Total Area: 1,250
  • Tax Year: 2023
  • Tax Amount: $752

    Appraisal Valuation

  • Standard Deviation: 0.4541
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 9
  • Final Value: 425,132
  • High Value: 618,226
  • Low Value: 232,037

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $161,273
  • First Open Lien Mortgage Lender: ADVANTAGEFIRST LENDING INC
  • First Open Lien Mortgage Recording Date: Oct 13, 2022
  • First Open Lien Mortgage Loan Amount: $161,273
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $134,400
  • Market Land Value: $30,000
  • Market Improvement Value: $104,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,600

    Sales

  • Current Sale Contract Date: Dec 20, 2019
  • Current Sale Recording Date: Jan 03, 2020
  • Current Sale Transaction ID: 11713884395
  • Current Sale Price: $134,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020010300098
  • Previous Sale Recording Date: Dec 01, 2005
  • Previous Sale Contract Date: Nov 28, 2005
  • Previous Sale Amount: $93,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: Jan 03, 2020
  • First Mortgage Loan Amount: $131,572
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: CITIMORTGAGE INC
  • Previous Mortgage Transaction Date: Dec 01, 2005
  • Previous Mortgage Loan Amount: $88,350
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Dec 01, 2035

About Bonny Oaks - Highway 58



Similar Buildings

House at 7731 Basswood Drive,

4740 Pine View Lane

  • 1 Unit for Sale
4740 Pine View Lane, Chattanooga, TN 37416
House at 7731 Basswood Drive,

7468 Noah Reid Road

  • 1 Unit for Sale
7468 Noah Reid Road, Chattanooga, TN 37421

Nearby Rentals

Unit for rent at 7620 Austin Drive, Chattanooga, TN, 37416

$1,795 /mo

  • 3 Beds
  • 2 Baths
7620 Austin Drive #7620 Austin Drive - Unit B, Chattanooga, TN, 37416 Listing by Manager

Frequently Asked Questions

What neighborhood is 7731 Basswood Drive located in?
The 7731 Basswood Drive is a house located in the neighborhood of Bonny Oaks - Highway 58 in Bonny Oaks - Highway 58, Chattanooga.
What is the average sales price for listings in 7731 Basswood Drive?
The average sales price for units in 7731 Basswood Drive is $139,000 , or $115/sqft. currently.

Quantcast