NOT LISTED FOR SALE

Estimated Value: $517,000 - $932,000

Studio
4 Baths
2,424 Sq Ft
$266/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2024

Last sale price $550,000 $227 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,992 / mo

20 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Living Room
  • Deck
  • Patio
  • 4-minute walk to Ted R. Bryant Sr. Park

About This Home

As of September 2024

Rare opportunity to purchase a fully-leased quadplex in Chattanooga's thriving downtown community! Steps away from UTC campus, Erlanger Hospital & downtown Chattanooga, 1113 E 8th St is an all-stone quadplex featuring modern day updates, but retaining many of its historic features including: hardwood floors, fireplaces & clawfoot tubs. Each unit is a 1 bedroom, 1 bathroom with separate kitchens and living rooms. Upstairs units have a shared porch. Each apartment has its own separate entrance. 8th Street is a quiet, side-walked, and tree-lined street. The property is occupied, please do not disturb the tenants.

Last Agent to Sell the Property

Doug Lawrence

Zach Taylor - Chattanooga License #290184 Listed on: 07/29/2024

Last Buyer's Agent

Doug Lawrence

Zach Taylor - Chattanooga License #290184 Listed on: 07/29/2024

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,859

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 50x136
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Stone

Interior Spaces

  • 2,424 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room
  • Basement
  • Crawl Space
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

  • Brown Academy Elementary School
  • Orchard Knob Middle School
  • Howard School Of Academics & Tech High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer
  • Assessor Parcel Number 146h K 023

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Mccallie Subdivision

Building Details

  • Gross Income $49,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,859

Year Built

Built in 1930

Lot Details

6,665 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 50X136
  • Subdivision Name: McCallie
  • Directions: From MLK Blvd, left onto Palmetto St, right onto 8th St. Apartment is on left. Street parking is unrestricted.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 2424.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1930
  • Cooling:Electric: Yes
  • Owner Pays:Sewer2: Yes
  • Location Tax and Legal Parcel Number2: 146h K 023
  • Location Tax and Legal Elementary School: Brown Academy
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 5858.62
  • 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: 50X136
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Rare opportunity to purchase a fully-leased quadplex in Chattanooga's thriving downtown community! Steps away from UTC campus, Erlanger Hospital & downtown Chattanooga, 1113 E 8th St is an all-stone quadplex featuring modern day updates, but retaining many of its historic features including: hardwood floors, fireplaces & clawfoot tubs. Each unit is a 1 bedroom, 1 bathroom with separate kitchens and living rooms. Upstairs units have a shared porch. Each apartment has its own separate entrance. 8th Street is a quiet, side-walked, and tree-lined street. The property is occupied, please do not disturb the tenants.
  • Utilities:Cable Available: Yes
  • 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: Orchard Knob Middle
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Living Room3: Yes
  • Unit 2 Living Room4: Yes
  • Unit 3 Living Room5: Yes
  • Unit 4 Living Room6: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Owner Pays: Sewer
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Basement:Crawl Space: Yes
  • Interior Features:Open Floorplan: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stone
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Stone: 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
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Brown Academy
  • High School: Howard School of Academics & Tech
  • Middle Or Junior School: Orchard Knob Middle

Lot Info

  • Parcel #: 146h K 023

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 49800.0

Tax Info

  • Tax Annual Amount: 5858.62

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2024
Closed on
Oct 18, 2024
Sold by
Bought by
Seller's Agent
Doug Lawrence
Zach Taylor - Chattanooga
Buyer's Agent
Doug Lawrence
Zach Taylor - Chattanooga
List Price
$598,000
Sold Price
$550,000
Premium/Discount to List
-$48,000
-8.03%
Views
19
Current Estimated Value
$645,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,565
Avg. Annual Appreciation
9.05%
Original Mortgage
$412,500
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2024
Closed on
Sep 27, 2024
Sold by
Bought by
Seller's Agent
Doug Lawrence
Zach Taylor - Chattanooga
Buyer's Agent
Doug Lawrence
Zach Taylor - Chattanooga
List Price
$598,000
Sold Price
$550,000
Premium/Discount to List
-$48,000
-8.03%
Views
19

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 8, 2012
Closed on
Dec 7, 2012
Sold by
Bought by
Seller's Agent
Gina Sakich
Real Estate Partners Chattanooga LLC
Buyer's Agent
Michael Carson
Third Tennessee Realty and Associates LLC
List Price
$153,000
Sold Price
$146,000
Premium/Discount to List
-$7,000
-4.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%
Original Mortgage
$109,500
Interest Rate
3.45%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 30, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Arts District, TN

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$550,000 Cumberland Title
$337,500 Title Guaranty & Trust Co
$22,000 First Choice Title Inc
$92,000 Landcastle Title Llc
$85,000 First Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $412,500
Previous Owner $1,510,161
Previous Owner $357,000
Previous Owner $109,500
Previous Owner $93,750
Previous Owner $92,000
Previous Owner $46,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2024 09/30/24 Sold $550,000 0.0% $227 / Sq Ft
09/21/2024 09/21/24 Off Market $1,000 -- --
09/21/2024 09/21/24 Off Market -- -- --
09/21/2024 09/21/24 Off Market $800 -- --
09/21/2024 09/21/24 Off Market $800 -- --
09/21/2024 09/21/24 Off Market $800 -- --
09/21/2024 09/21/24 Off Market $1,000 -- --
08/19/2024 08/19/24 Pending -- -- --
07/29/2024 07/29/24 For Sale $598,000 0.0% $247 / Sq Ft
04/25/2024 04/25/24 Rented -- -- --
03/29/2024 03/29/24 Price Changed $925 -7.5% $2 / Sq Ft
12/06/2023 12/06/23 Price Changed $1,000 -9.1% $2 / Sq Ft
11/28/2023 11/28/23 For Rent $1,100 +10.0% --
09/23/2022 09/23/22 Rented -- -- --
09/23/2022 09/23/22 Rented $1,000 0.0% --
09/15/2022 09/15/22 For Rent $1,000 0.0% --
06/24/2022 06/24/22 Rented $1,000 0.0% --
06/24/2022 06/24/22 Under Contract -- -- --
06/16/2022 06/16/22 For Rent $1,000 +25.0% --
03/22/2021 03/22/21 Rented -- -- --
03/22/2021 03/22/21 Rented $800 0.0% --
03/19/2021 03/19/21 Under Contract -- -- --
03/15/2021 03/15/21 Rented -- -- --
03/15/2021 03/15/21 Rented $800 0.0% --
03/15/2021 03/15/21 Rented -- -- --
03/15/2021 03/15/21 Rented $800 -8.6% --
03/05/2021 03/05/21 Under Contract -- -- --
02/24/2021 02/24/21 Under Contract -- -- --
12/08/2020 12/08/20 For Rent $875 0.0% --
12/08/2020 12/08/20 For Rent $875 0.0% --
12/08/2020 12/08/20 For Rent $875 0.0% --
12/10/2012 12/10/12 Sold $146,000 -4.6% $59 / Sq Ft View Prior Sale
10/08/2012 10/08/12 Pending -- -- --
10/08/2012 10/08/12 For Sale $153,000 -- $62 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,238 $345,600 $0 $0
2024 $2,921 $130,560 $0 $0
2023 $2,921 $130,560 $0 $0
2022 $2,921 $130,560 $0 $0
2021 $2,921 $130,560 $0 $0
2020 $1,660 $60,040 $0 $0
2019 $1,660 $60,040 $0 $0
2018 $1,494 $60,040 $0 $0
2017 $1,660 $60,040 $0 $0
2016 $1,660 $0 $0 $0
2015 $3,162 $60,040 $0 $0
2014 $3,162 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1396468

Greater Chattanooga REALTORS®

APN: 146H-K-023

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