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507 Wells St; Chattanooga, TN Property Details

507 Wells St, Chattanooga, TN is a Single Family that was built in 1920. This property is currently Financed and is for sale. Our records show that 507 Wells St has 3 bedrooms, and 2 bathrooms, and a total of 1,818 square feet. The lot size of 507 Wells St is 5,000 square feet.

On Market for 184 days
507 Wells St Chattanooga, TN 37405
$600,000 Listing Price
3 Beds
2 Baths
1,818 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1920
  • Purchase Price: $326,000
  • Open Loans / Balance: 2 / $384,987
  • Est. Equity / %: $183,013 / 32.22%
  • Gross Yield: 7.98%
  • APN: 126M L 007
  • Situs County: Hamilton
  • Length Of Ownership: 9 years, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Building Style: Wood
  • Stories: 1
  • Exterior Wall Type: Wood Shingle
  • Building Quality: D-
  • Roof Type: Gable Or Hip
  • Roof Cover Type: Asphalt
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 1,818/SqFt
  • Lot: 5,000/SqFt
  • Living: 1,818/SqFt
  • Building: 1,818/SqFt
  • Price Per Square Foot: $179.32

Legal Description

  • Description: FRAZIER ADDN NO 3 N/R
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Hamilton County School District
  • Lat / Lon: 35.070717 / -85.30158
  • Subdivision: Frazier Addn No 3
  • Property Class: Residential
  • Zoning: R3
  • County Use Code: 111

Amenities

  • Plus Four: 2839
  • Cooling: Central
  • Heating: Central

Ownership Info

507 Wells St has no associated ownership info
507 Wells St has no associated ownership info.

Taxes

507 Wells St has 9 associated Taxes items

507 Wells St, Chattanooga, TN pays taxes in Hamilton County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $127,525. The APN we've located for 507 Wells St is 126M L 007.

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Taxes
  • Assessed Value:  $127,525
  • Assessed Year:  2025
  • Assessed County:  Hamilton
  • APN:  126M L 007
  • Market Land Value:  225000
  • Tax Amount:  1932.9
  • Tax Year:  2025
  • Market Value:  510100
  • Market Year:  2025

Tax History

507 Wells St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $127,525 Land Value Improvement Value Tax Amount $1,932.9 Change Rate -0.114133% Assessed CR Tax Rate +0.015157%
Year 2024 Assessed Value $97,525 Land Value Improvement Value Tax Amount $2,181.93 Change Rate Assessed CR Tax Rate +0.022373%
Year 2023 Assessed Value $97,525 Land Value Improvement Value Tax Amount $2,181.93 Change Rate +0.383332% Assessed CR Tax Rate +0.022373%
Year 2022 Assessed Value $70,500 Land Value Improvement Value Tax Amount $1,577.3 Change Rate -0.526437% Assessed CR Tax Rate +0.022373%
Year 2021 Assessed Value $70,500 Land Value Improvement Value Tax Amount $3,330.71 Change Rate +0.061219% Assessed CR Tax Rate +0.047244%
Year 2020 Assessed Value $59,225 Land Value Improvement Value Tax Amount $3,138.57 Change Rate +0.004342% Assessed CR Tax Rate +0.052994%
Year 2019 Assessed Value $59,225 Land Value Improvement Value Tax Amount $3,125 Change Rate +1.118587% Assessed CR Tax Rate +0.052765%
Year 2018 Assessed Value $59,225 Land Value Improvement Value Tax Amount $1,475.04 Change Rate +0.007713% Assessed CR Tax Rate +0.024906%
Year 2017 Assessed Value $60,125 Land Value Improvement Value Tax Amount $1,463.75 Change Rate -0.267293% Assessed CR Tax Rate +0.024345%
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $1,997.73 Change Rate Assessed CR Tax Rate
Year 2015 Assessed Value $37,100 Land Value Improvement Value Tax Amount $1,997.73 Change Rate Assessed CR Tax Rate +0.053847%
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $1,997.73 Change Rate Assessed CR Tax Rate