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8715 Seven Lakes Drive

8715 Seven Lakes Drive, Ooltewah, TN 37363
Sold Mar 10, 2021
$400,000
$388,000 by Mortgage Investors Group Inc
Mortgage Due Apr 01, 2051
Sold Apr 28, 2015
$290,000
$275,500 by American Internet Mortgage Inc
Mortgage Due May 01, 2045
8715 Seven Lakes Drive has been categorized by the local assessors in Ooltewah, TN as a residential type of property. The building on the property was first built in 2010 and is 14 years old. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 8715 Seven Lakes Drive has 2,353 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 1,250 ft and across the front of the lot is 1,172 ft. The area measurement of the land has been determined as 43,560 square feet.

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 C 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, 8715 Seven Lakes Drive sold most recently in Mar 8, 2021 for a total of $400,000. If you work out the math, that's approximately a cost of $170.00 per sqft. Before that, the property was also sold for $290,000 in Apr 22, 2015. 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 $2,044 in taxes each year. 8715 Seven Lakes Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $90,950. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: C
  • Exterior Walls Type: Wood shingle
  • 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
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,172
  • Total Building Area: 2,353
  • Building Area: 2,353
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,353
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SEVEN LAKES P.U.D. P
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 81 SEVEN LAKES PUD-PH2 PB92 PG12 0 OUT OF 104K-A-014 FOR 2010

Ownership

  • Current Owner : SLOAN JUSTIN E
  • Current Owner 2: SLOAN AMBER L
  • Previous Owner : BOWMAN ALEXANDER JOSEPH
  • Previous Owner 2: BOWMAN SAMANTHA JO
  • Owner Before Previous Owner: WATSON DANIEL R
  • Owner Before Previous Owner 2: WATSON JENNIFER G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011205

Geography

  • Assessors Map Reference: MB 92 PG 120
  • Account Number: 0000164841
  • District: 2
  • Parcel: 104K C 001
  • Lot: 81
  • Municipality: COUNTY SOUTH
  • Latitude: 35.1437
  • Longitude: -85.0394

    Address

  • Full Address: 8715 Seven Lakes Dr
  • Address - House Number: 8715
  • Address - Street Name: Seven Lakes
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Ooltewah
  • Carrier Code: R011
  • 4-Digit Zip Code: 4958
  • Zip Code: 37363

Valuation

    Tax

  • Total Area: 2,670
  • Tax Year: 2023
  • Tax Amount: $2,044

    Appraisal Valuation

  • Standard Deviation: 0.2369
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 66
  • Final Value: 539,136
  • High Value: 666,878
  • Low Value: 411,394

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $388,000
  • First Open Lien Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Open Lien Mortgage Recording Date: Mar 10, 2021
  • First Open Lien Mortgage Loan Amount: $388,000
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $363,800
  • Market Land Value: $50,000
  • Market Improvement Value: $313,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,950

    Sales

  • Current Sale Contract Date: Mar 08, 2021
  • Current Sale Recording Date: Mar 10, 2021
  • Current Sale Transaction ID: 11824561443
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021031000297
  • Previous Sale Recording Date: Apr 28, 2015
  • Previous Sale Contract Date: Apr 22, 2015
  • Previous Sale Amount: $290,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE INVESTORS GROUP INC
  • First Mortgage Transaction Date: Mar 10, 2021
  • First Mortgage Loan Amount: $388,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN INTERNET MORTGAGE INC
  • Previous Mortgage Transaction Date: Apr 28, 2015
  • Previous Mortgage Loan Amount: $275,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2045

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Frequently Asked Questions

What neighborhood is 8715 Seven Lakes Drive located in?
The 8715 Seven Lakes Drive is a house located in the neighborhood of Ooltewah - Summit in Ooltewah - Summit, Ooltewah.
What is the average sales price for listings in 8715 Seven Lakes Drive?
The average sales price for units in 8715 Seven Lakes Drive is $0 currently.

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