NOT LISTED FOR SALE

Estimated Value: $564,000 - $1,219,000

-- Bed
-- Bath
3,049 Sq Ft
$302/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $319,900 $105 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $5,145/month

Highlights

  • Private Yard
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • No HOA
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of August 2018

Rare North Chattanooga investment opportunity offering a historical home that operates as a duplex, plus a ''mother-in-law'' single family home on the same lot, for a total of three rentals. Rooms are spacious and good sized, and rental properties are in high demand in the area. Roof recently replaced on the single family rental home, some new appliances, new paint in one unit, and some recent plumbing updates. Professional pictures to be uploaded Monday, July 16th.

Last Agent to Sell the Property

Jenny Frost-Noblit

Live It! Realty License #275425 Listed on: 07/19/2018

Last Buyer's Agent

William Bible

Crye-Leike, REALTORS License #344698

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,666

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 65x147.5
  • Level Lot
  • Private Yard

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 3,049 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Schools

  • Normal Park Elementary School
  • Normal Park Upper Middle School
  • Red Bank High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 136a B 014

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • North Chatt Map No 1 Subdivision

Building Details

  • Gross Income $25,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,666

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size: 65X147.5
  • Subdivision Name: North Chatt Map No 1
  • Directions: Veterans Bridge from downtown to left on Mississippi Avenue. Property on the left at the corner of Mississippi and Albany.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One, Two
  • Living Area: 3049.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1920
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 136a B 014
  • Location Tax and Legal Elementary School: Normal Park Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 3665.68
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Dimensions: 65X147.5
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Normal Park Upper
  • Levels:One: Yes
  • General Property Information Stories2: 2
  • Cooling:Window Unit(s): Yes
  • General Property Information Number Of Units Total2: 3.0
  • Cooling Wall Unit(s): Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Fireplace: No
  • Basement:Unfinished: Yes
  • Full Basement: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Exterior Features: Private Yard
  • Roof: Shingle
  • Lot Features:Level: Yes
  • Exterior Features:Private Yard: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric, Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Central, Electric, Natural Gas
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: Yes
  • Heating:Electric3: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Normal Park Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Normal Park Upper

Lot Info

  • Parcel #: 136a B 014

Rental Info

  • Tenant Pays: Electricity, Gas, Sewer, Water
  • Tenant Pays:Sewer3: Yes

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 25800.0

Tax Info

  • Tax Annual Amount: 3665.68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2018
Closed on
Aug 24, 2018
Sold by
Frost Tim and Frost Sarah
Bought by
Bible William Thomas and Bible Laura
Seller's Agent
Jenny Frost-Noblit
Live It! Realty
Buyer's Agent
William Bible
Crye-Leike, REALTORS
List Price
$329,000
Sold Price
$319,900
Premium/Discount to List
-$9,100
-2.77%
Total Days on Market
0
Current Estimated Value
$919,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,555
Avg. Annual Appreciation
15.58%
Original Mortgage
$239,925
Outstanding Balance
$212,620
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$642,533

Purchase Details

Listed on
Jul 21, 2014
Closed on
Aug 29, 2014
Sold by
Stuart Street Investors Llc
Bought by
Frost Tim and Frost Sarah
Seller's Agent
Mark Hite
Keller Williams Realty
Buyer's Agent
Jenny Frost-Noblit
Live It! Realty
List Price
$250,000
Sold Price
$250,600
Premium/Discount to List
$600
0.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bible William Thomas $319,900 None Available
Frost Tim $250,600 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bible William Thomas $239,925
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2018 08/24/18 Sold $319,900 -2.8% $105 / Sq Ft
07/19/2018 07/19/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $329,000 +31.3% $108 / Sq Ft
08/29/2014 08/29/14 Sold $250,600 +0.2% $71 / Sq Ft
07/31/2014 07/31/14 Pending -- -- --
07/21/2014 07/21/14 For Sale $250,000 -- $71 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,178 $142,025 $0 $0
2023 $3,178 $142,025 $0 $0
2022 $2,484 $111,025 $0 $0
2021 $2,484 $111,025 $0 $0
2020 $2,538 $72,700 $0 $0
2019 $2,010 $72,700 $0 $0
2018 $1,782 $72,700 $0 $0
2017 $2,010 $72,700 $0 $0
2016 $1,674 $0 $0 $0
2015 $3,188 $60,550 $0 $0
2014 $3,126 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1284710

Greater Chattanooga REALTORS®

APN: 136A-B-014