Seller's Agent in 2024
Lisa Brown
Keller Williams Realty
(423) 664-1900
9 in this area
297 Total Sales
14 Laurel Ln Chattanooga, TN 37412
Estimated Value: $329,000 - $735,157
--
Bed
6
Baths
3,185
Sq Ft
$165/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Cooling Available
- Heating Available
- No HOA
- Level Lot
About This Home
As of February 2024This 6 unit multi-family is located just minutes from downtown Chattanooga and I-24 and I-75, making it convenient for those who work anywhere in Chattanooga or North Georgia. Historical Missionary Ridge location with beautiful trees surrounding the property.
The entire property has been renovated and includes new flooring, cabinetry, counter tops, stainless steel refrigerators, stoves, split units in each unit, renovated full bathrooms, roof, electrical, plumbing, new fixtures and lighting. New handrails and fencing have also been installed.
(4) 1 bedroom/ 1 bath units
(2) 1 bedoom + loft/ 1 bath units offering flex 2nd bedroom, home office or living space.
Two furnished units have been used as short term rentals.
Property features a small communal yard and off street parking for 8 cars.
Income $6500/month.
Excellent Opportunity!
Last Agent to Sell the Property
Keller Williams Realty License #321895 Listed on: 12/05/2023
Last Buyer's Agent
Grace Frank
Chattanooga Real Estate Group LLC
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $2,697
Year Built
- Built in 1950
Lot Details
- 0.42 Acre Lot
- Lot Dimensions are 115x205.2
- Level Lot
Parking
- Off-Street Parking
Home Design
- Shingle Roof
Interior Spaces
- 3,185 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Basement
- Crawl Space
- Stove
Schools
- East Ridge Elementary School
- East Ridge Middle School
- East Ridge High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 156e A 006
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Gross Income $78,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2023
Closed on
Feb 22, 2024
Sold by
Turn Key Homes Llc
Bought by
Gds Realty Tn Llc
Seller's Agent
Lisa Brown
Keller Williams Realty
Buyer's Agent
Grace Frank
Chattanooga Real Estate Group LLC
List Price
$695,000
Sold Price
$685,000
Premium/Discount to List
-$10,000
-1.44%
Views
63
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$160,711
Avg. Annual Appreciation
-15.59%
Original Mortgage
$514,237
Outstanding Balance
$385,427
Interest Rate
6.66%
Mortgage Type
Credit Line Revolving
Estimated Equity
$140,422
Purchase Details
Closed on
Sep 16, 2021
Sold by
Gossett Frank W and Bmg Properties
Bought by
Turn Key Homes Inc
Purchase Details
Closed on
Oct 31, 2014
Sold by
Stateline Properties Llc
Bought by
Gossett Frank W and Bmg Properties
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
4.26%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 11, 2012
Sold by
Stateline Properties Inc
Bought by
Stateline Properties Llc
Purchase Details
Closed on
Mar 16, 2012
Sold by
Ramsey Properties & Associates Llc
Bought by
Stateline Properties Inc
Purchase Details
Closed on
Apr 21, 2006
Sold by
Ramsey Terrell C
Bought by
Ramsey Properties & Associates Llc
Purchase Details
Closed on
Apr 7, 2003
Sold by
Jensen William D
Bought by
Ramsey Terrell C
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gds Realty Tn Llc | $685,000 | Cumberland Title | |
| Turn Key Homes Inc | $250,000 | Rell Settlement Sln Llc | |
| Gossett Frank W | $165,000 | Choice Title Company Inc | |
| Stateline Properties Llc | -- | None Available | |
| Stateline Properties Inc | -- | None Available | |
| Ramsey Properties & Associates Llc | -- | None Available | |
| Ramsey Terrell C | $92,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gds Realty Tn Llc | $514,237 | |
| Previous Owner | Gossett Frank | $530,456 | |
| Previous Owner | Gossett Frank W | $289,000 | |
| Previous Owner | Gossett Frank W | $20,000 | |
| Previous Owner | Stateline Properties Llc | $69,414 | |
| Previous Owner | Ramsey Terrell C | $110,000 | |
| Closed | Turn Key Homes Inc | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/22/2024 02/22/24 | Sold | $685,000 | -1.4% | $215 / Sq Ft |
| 01/07/2024 01/07/24 | Off Market | $695,000 | -- | -- |
| 12/05/2023 12/05/23 | For Sale | $695,000 | -- | $218 / Sq Ft |
Source: Greater Chattanooga REALTORS®
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 |
|---|---|---|---|---|
| 2024 | $1,503 | $67,200 | $0 | $0 |
| 2023 | $2,397 | $67,200 | $0 | $0 |
| 2022 | $2,397 | $67,200 | $0 | $0 |
| 2021 | $2,697 | $67,200 | $0 | $0 |
| 2020 | $3,034 | $65,320 | $0 | $0 |
| 2019 | $3,034 | $65,320 | $0 | $0 |
| 2018 | $3,016 | $65,320 | $0 | $0 |
| 2017 | $3,016 | $65,320 | $0 | $0 |
| 2016 | $2,581 | $0 | $0 | $0 |
| 2015 | $2,599 | $53,600 | $0 | $0 |
| 2014 | $2,719 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Brown
-
Diane Patty
Seller Co-Listing Agent in 2024
Diane Patty
Keller Williams Realty
(423) 504-5006
11 in this area
382 Total Sales
-
G
Buyer's Agent in 2024
Grace Frank
Chattanooga Real Estate Group LLC
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1383724
APN: 156E-A-006
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