Buyer's Agent in 2019
Ryan May
Real Estate Partners Chattanooga, LLC
(423) 667-5922
13 in this area
641 Total Sales
1107 McBrien Rd Chattanooga, TN 37412
Estimated Value: $216,925 - $302,000
Studio
2
Baths
1,860
Sq Ft
$149/Sq Ft
Est. Value
About This Home
As of December 2019Attention investors! This East Ridge Duplex provides $1550 Gross Monthly Rents with each side rented at $775. The HUD Fair Market Rent for 2 Bedrooms in 37412 is $870 which allows potential to increase GMR to $1740. The property is also professionally managed by a property management company. Since the property is tenant occupied the seller requires an accepted offer with a contingency to view. Ample parking in front for tenants. Call for questions and offers. Property can also be purchased with 1111 McBrien Rd.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,243
Year Built
- Built in 1985
Lot Details
- 0.27
Home Design
- Duplex
Interior Spaces
- 1,860 Sq Ft Home
- Property has 3 Levels
Schools
- East Ridge Elementary School
- East Ridge Middle School
- East Ridge High School
Additional Features
- Lot Dimensions are 75x198.1
- Central Heating and Cooling System
Listing and Financial Details
- Total Actual Rent $1,550
- Assessor Parcel Number 169B P 015
Community Details
Overview
- No Home Owners Association
- 4 Units
- Shady Grove Subdivision
Building Details
- Gross Income $18,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 30, 2020
Sold by
V6 Ventures Llc
Bought by
High Ridge Ventures Llc
Current Estimated Value
Purchase Details
Listed on
Oct 3, 2019
Closed on
Dec 18, 2019
Sold by
East Ridge 16 Llc
Bought by
V6 Ventures Llc
Buyer's Agent
Ryan May
Real Estate Partners Chattanooga, LLC
List Price
$153,000
Sold Price
$135,000
Premium/Discount to List
-$18,000
-11.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.55%
Purchase Details
Closed on
Feb 24, 2010
Sold by
Ryan Timothy T and Ryan Angela L
Bought by
East Ridge 16 Llc
Purchase Details
Closed on
Aug 31, 2009
Sold by
Myers R Michael
Bought by
Ryan Timothy T and Ryan Angela L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,800
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| High Ridge Ventures Llc | -- | First Choice Title Inc | |
| High Ridge Ventures Llc | -- | First Choice Title Inc | |
| V6 Ventures Llc | $135,000 | First Choice Title Inc | |
| V6 Ventures Llc | $135,000 | First Choice Title Inc | |
| East Ridge 16 Llc | -- | Pioneer Title Agency Inc | |
| East Ridge 16 Llc | -- | Pioneer Title Agency Inc | |
| Ryan Timothy T | $115,000 | Pioneer Title Agency Inc | |
| Ryan Timothy T | $115,000 | Pioneer Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ryan Timothy T | $105,800 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/20/2019 12/20/19 | Sold | $135,000 | -11.8% | $73 / Sq Ft |
| 12/03/2019 12/03/19 | Pending | -- | -- | -- |
| 10/03/2019 10/03/19 | For Sale | $153,000 | -- | $82 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $1,630 | $107,520 | $0 | $0 |
| 2024 | $1,222 | $54,600 | $0 | $0 |
| 2023 | $1,922 | $54,600 | $0 | $0 |
| 2022 | $1,922 | $54,600 | $0 | $0 |
| 2021 | $2,222 | $54,600 | $0 | $0 |
| 2020 | $2,243 | $46,920 | $0 | $0 |
| 2019 | $2,243 | $46,920 | $0 | $0 |
| 2018 | $2,243 | $46,920 | $0 | $0 |
| 2017 | $2,243 | $46,920 | $0 | $0 |
| 2016 | $1,861 | $0 | $0 | $0 |
| 2015 | $1,861 | $36,840 | $0 | $0 |
| 2014 | $1,861 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan May
Map
Source: Realtracs
MLS Number: 2724983
APN: 169B-P-015
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