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8635 Masons Gate Lane

8635 Masons Gate Lane, Chattanooga, TN 37421
Sold Apr 01, 2021
$309,000
$303,403 by Pennymac Loan Services Llc
Mortgage Due Apr 01, 2051
Sold Jan 21, 2020
$64,000
$239,000 by Cogent Bank
Mortgage
Local assessors in Chattanooga, TN have categorized 8635 Masons Gate Lane as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 43,560 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8635 Masons Gate Lane has a total of 1,764 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 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, 8635 Masons Gate Lane was last sold in Mar 15, 2021 for $309,000. According to our calculations, that's $175.17 per sqft. Prior to that sales transaction, the property was sold for $64,000 in Jan 16, 2020. Current property owners are expected to pay $1,624 in taxes per year. The property on 8635 Masons Gate Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $72,600. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: D
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,764
  • Building Area: 1,764
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,764
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MORRIS JOE
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 9 BLACKBERRY COVE PUD PB 31 PG 2 26 REV 113 186 OUT OF 159K A 009 FO R 2019

Ownership

  • Current Owner : ASHMORE LAUREN CHRISTINE
  • Previous Owner : RTB HOLDINGS LLC
  • Owner Before Previous Owner: CORY PETER C
  • Owner Before Previous Owner 2: RABORN MILES D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011321

Zoning

  • Zoning: R5

Geography

  • Assessors Map Reference: MB 12 PG 27
  • Account Number: 0000386663
  • District: 1
  • Parcel: 159K H 009
  • Lot: PT 13
  • Municipality: CHATTANOOGA
  • Latitude: 35.015
  • Longitude: -85.1284

    Address

  • Full Address: 8635 Masons Gate Ln
  • Address - House Number: 8635
  • Address - Street Name: Masons Gate
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C045
  • 4-Digit Zip Code: 1841
  • Zip Code: 37421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,624

    Appraisal Valuation

  • Standard Deviation: 0.2434
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 65
  • Final Value: 420,454
  • High Value: 522,794
  • Low Value: 318,114

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $303,403
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Apr 01, 2021
  • First Open Lien Mortgage Loan Amount: $303,403
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $290,400
  • Market Land Value: $55,000
  • Market Improvement Value: $235,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,600

    Sales

  • Current Sale Contract Date: Mar 15, 2021
  • Current Sale Recording Date: Apr 01, 2021
  • Current Sale Transaction ID: 11828995396
  • Current Sale Price: $309,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021040100185
  • Previous Sale Recording Date: Jan 21, 2020
  • Previous Sale Contract Date: Jan 16, 2020
  • Previous Sale Amount: $64,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Apr 01, 2021
  • First Mortgage Loan Amount: $303,403
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: COGENT BANK
  • Previous Mortgage Transaction Date: Jan 21, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $239,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 8635 Masons Gate Lane located in?
The 8635 Masons Gate Lane is a located in the neighborhood of Hickory Valley - Hamilton Place in Hickory Valley - Hamilton Place, Chattanooga.
What is the average sales price for listings in 8635 Masons Gate Lane?
The average sales price for units in 8635 Masons Gate Lane is $0 currently.

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