NOT LISTED FOR SALE

112 Harding Rd Chattanooga, TN 37415

Estimated Value: $515,358 - $811,000

Studio
4 Baths
63,014 Sq Ft
$10/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $260,000 $4 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $3,379/month

3 Days on Market

Highlights

  • 3.6 Acre Lot
  • No HOA
  • Patio
  • Deck
  • Formal Dining Room
  • Living Room

About This Home

As of February 2018

Great investment opportunity. Income producing, 4 units with great rental history. Section 8 approved. Large parking lot with ample parking spaces. All units are identical with 2 bedrooms upstairs, 1 full bath upstairs and a half bath, living room, eat in kitchen on the main level. Patio in backyard.

Last Agent to Sell the Property

Kelly Cooper

Keller Williams Realty License #293309 Listed on: 01/01/2018

Keller Williams Realty

Last Buyer's Agent

Grace Edrington

Horizon Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 3.6 Acre Lot
  • Lot Dimensions are 367.3x411.2
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 63,014 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Formal Dining Room
  • Stove
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Schools

  • Rivermont Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 117l L 002

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $33,408

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 3.6
  • Lot Size: 367.3X411.2
  • Subdivision Name: None
  • Directions: North on Dayton Blvd, Right on Harding. Quad is beside Williamsburg Apts
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 63014.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1966
  • Cooling:Electric: Yes
  • Owner Pays:Sewer2: Yes
  • Location Tax and Legal Parcel Number2: 117l L 002
  • Location Tax and Legal Elementary School: Rivermont Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 31453.44
  • 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 Acres: 3.6
  • General Property Information Lot Size Square Feet2: 156816.0
  • General Property Information Lot Size Dimensions: 367.3X411.2
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Remarks and Miscellaneous Public Remarks2: Great investment opportunity. Income producing, 4 units with great rental history. Section 8 approved. Large parking lot with ample parking spaces. All units are identical with 2 bedrooms upstairs, 1 full bath upstairs and a half bath, living room, eat in kitchen on the main level. Patio in backyard.
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Red Bank Middle
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Owner Pays:Water3: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Owner Pays: Sewer, Water
  • Basement YN: No
  • Fireplace: No
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: 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: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Rivermont Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 156816.0
  • Parcel #: 117l L 002
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 33408.0

Tax Info

  • Tax Annual Amount: 31453.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2018
Closed on
Feb 2, 2018
Sold by
Bescorp Inc
Bought by
Generation 4 Properties Llc
Seller's Agent
Kelly Cooper
Keller Williams Realty
Buyer's Agent
Grace Edrington
Horizon Sotheby's International Realty
List Price
$230,000
Sold Price
$260,000
Premium/Discount to List
$30,000
13.04%
Current Estimated Value
$611,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,590
Avg. Annual Appreciation
11.33%
Original Mortgage
$221,000
Outstanding Balance
$153,740
Interest Rate
3.99%
Mortgage Type
Unknown
Estimated Equity
$457,850

Purchase Details

Closed on
Jan 14, 2016
Sold by
Escobar Thurman Lee and Escobar Thurman Lee Hysong
Bought by
Bescorp Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,600
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 5, 2004
Sold by
Moore Russell W and Moore Kimberly J
Bought by
Escobar Thurman Lee Hysong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2002
Sold by
Lee Michael A and Lee Janice M
Bought by
Moore Russell W and Moore Kimberly J

Purchase Details

Closed on
Aug 1, 1997
Sold by
Carnes Charles A
Bought by
Lee Michael A and Lee Janice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
9%
Mortgage Type
Seller Take Back
Source: Public Records

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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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
Generation 4 Properties Llc $260,000 Realty Center Title & Escrow
Bescorp Inc -- Northgate Title Escrow Inc
Escobar Thurman Lee Hysong $225,000 Northgate Title Escrow Inc
Moore Russell W $226,299 Legal Title & Escrow Inc
Lee Michael A $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Generation 4 Properties Llc $221,000
Previous Owner Bescorp Inc $337,600
Previous Owner Escobar Thurman Lee Hysong $180,000
Previous Owner Lee Michael A $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2018 02/02/18 Sold $260,000 +13.0% $4 / Sq Ft
01/04/2018 01/04/18 Pending -- -- --
01/01/2018 01/01/18 For Sale $230,000 -- $4 / 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
2025 $2,561 $168,960 $0 $0
2024 $2,556 $114,240 $0 $0
2023 $4,744 $114,240 $0 $0
2022 $4,013 $114,240 $0 $0
2021 $4,781 $114,240 $0 $0
2020 $4,797 $92,640 $0 $0
2019 $4,797 $92,640 $0 $0
2018 $4,797 $92,640 $0 $0
2017 $4,605 $92,640 $0 $0
2016 $4,760 $0 $0 $0
2015 $4,724 $92,640 $0 $0
2014 $4,724 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1274683

Greater Chattanooga REALTORS®

APN: 117L-L-002