NOT LISTED FOR SALE

112 Gillespie Dr Dalton, GA 30721

Estimated Value: $255,146 - $294,000

4 Beds
3 Baths
1,904 Sq Ft
$140/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $155,000 $81 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,617/month

22 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-minute walk to Whitfield Rec Office
  • Cooling Available
  • Property has 3 Levels

About This Home

As of April 2020

PRIME INVESTMENT & OPPORTUNITY!! Great TRIPLEX of 1 Bedroom 1 Bath units on large level 1/2 acre lot located within minutes of schools, shopping & entertainment! All the units share a wonderful covered front porch but have individual decks out back. The units are spacious and well maintained with generous sized kitchen/breakfast nook/living room and just off the large bedroom is a combo walk-in closet/laundry room. All units are rented with long term tenants all under lease for a total rental income of $1245/per month. Owner currently provides water, pest control, termite protection, shared dumpster & seasonal lawn service. The owners have just leveled and cleared away a ruined structure from the back of the property leaving a large concrete pad primed and ready for the new owner to build as they choose with plenty of parking. It's a blank slate prime for a new owner to seize this fantastic opportunity!! NO interior showings until UNDER CONTRACT and in due diligence period. DO NOT DISTURB TENANTS!! Call Listing Agent for more details. Listing agent is co-owner. Buyer to verify sq. ft & schools

Last Agent to Sell the Property

Shannon Rahm

Real Estate Partners Chattanooga, LLC Brokerage Phone: 7064831987 License #340943 Listed on: 02/24/2020

Real Estate Partners Chattanooga, LLC

Last Buyer's Agent

Shannon Rahm

Real Estate Partners Chattanooga, LLC Brokerage Phone: 7064831987 License #340943 Listed on: 02/24/2020

Real Estate Partners Chattanooga, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,348

Year Built

  • Built in 1993

Lot Details

  • 0.5

Home Design

  • Property Attached

Interior Spaces

  • 1,904 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Schools

  • Eastside Elementary School
  • Eastbrook Middle School
  • Southeast High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $415
  • The owner pays for water
  • Assessor Parcel Number 1228102000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $14,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,348

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1993
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 7064831987
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Building Area Units: Square Feet
  • Living Area: 1904
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 21780 sq ft
  • Lot Size Units: Acres
  • Parcel #: 1228102000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 14940
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 3
  • Total Actual Rent: 415

Tax Info

  • Tax Annual Amount: 1348

MLS Schools

  • Elementary School: Eastside Elementary School
  • High School: Southeast High School
  • Middle Or Junior School: Eastbrook Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Apr 24, 2020
Sold by
Sbnb Enterprises Llc
Bought by
Mondragon Michael and Rodriguez Diana
Seller's Agent
Shannon Rahm
Real Estate Partners Chattanooga, LLC
Buyer's Agent
Shannon Rahm
Real Estate Partners Chattanooga, LLC
List Price
$157,900
Sold Price
$155,000
Premium/Discount to List
-$2,900
-1.84%
Current Estimated Value
$266,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,037
Avg. Annual Appreciation
9.26%
Original Mortgage
$152,192
Outstanding Balance
$135,901
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$109,807

Purchase Details

Closed on
Dec 7, 2018
Sold by
Burnett Nancy Anne
Bought by
Sbnb Enterprises Llc

Purchase Details

Closed on
Sep 28, 2018
Sold by
Hambright Property Management Inc
Bought by
Burnett Nancy Anne and Rahm Shannon Renee

Purchase Details

Closed on
Nov 1, 1999
Bought by
Hambright Property
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
Mondragon Michael $155,000 --
Sbnb Enterprises Llc -- --
Burnett Nancy Anne $70,000 --
Hambright Property -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mondragon Michael $152,192
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $155,000 -1.8% $81 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $157,900 -- $83 / Sq Ft
Source: Realtracs

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 $1,780 $87,492 $8,502 $78,990
2023 $1,780 $63,082 $3,000 $60,082
2022 $1,030 $43,482 $3,000 $40,482
2021 $1,030 $43,482 $3,000 $40,482
2020 $1,326 $43,482 $3,000 $40,482
2019 $1,348 $43,482 $3,000 $40,482
2018 $1,370 $43,482 $3,000 $40,482
2017 $1,371 $43,482 $3,000 $40,482
2016 $1,214 $40,046 $3,000 $37,046
2014 $1,047 $38,882 $1,836 $37,046
2013 -- $38,904 $1,858 $37,046
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2724190

Realtracs

APN: 12-281-02-000