NOT LISTED FOR SALE

1508 Bailey Ave Chattanooga, TN 37404

Highland Park Neighborhood

Estimated Value: $519,000 - $739,000

Studio
-- Bath
2,956 Sq Ft
$219/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $635,000 $215 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,633/month

6 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 3-minute walk to Shaw Playground

About This Home

As of September 2023

AMAZING Investment Opportunity! This beautifully updated tri-plex is located in the Highland Park community and is just minutes to downtown, parks, restaurants, shopping and hospitals. Unit A features a living room, kitchen, 2 bedrooms and 2 bath. Unit B is on the 2nd level with hardwood floors and an open floor plan. This unit has a living room, kitchen, dining area, owner's suite with private bath, 2 additional bedrooms and full bath. Unit C is a 1 bedroom, 1 bath studio apartment. All units are empty and hold the potential for a great investment opportunity! There is plenty of off street parking. Make your appointment for your private showing today.

Last Agent to Sell the Property

Mark Hite

Real Estate Partners Chattanooga, LLC Brokerage Phone: 4236672459 License #283146 Listed on: 07/21/2023

Real Estate Partners Chattanooga, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,563

Year Built

  • Built in 1920

Lot Details

  • 6,534

Home Design

  • Triplex

Interior Spaces

  • 2,956 Sq Ft Home
  • Property has 3 Levels

Schools

  • Orchard Knob Elementary School
  • Orchard Knob Middle School
  • Howard School Of Academics Technology High School

Additional Features

  • Lot Dimensions are 50x135
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 3 Units
  • Highland Park #2 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 146J G 028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,563

Year Built

Built in 1920

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1920
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Triplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 2956
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • 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

  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 50x135
  • Lot Size Units: Acres
  • Parcel #: 146J G 028
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 2563

MLS Schools

  • Elementary School: Orchard Knob Elementary School
  • High School: Howard School Of Academics Technology
  • Middle Or Junior School: Orchard Knob Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2021
Sold by
Mejia Alvarenga Jose L
Bought by
Mejia Brizuela Josue Luzgardo
Current Estimated Value
$647,056

Purchase Details

Closed on
Oct 2, 1995
Bought by
Kennedy L A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mejia Brizuela Josue Luzgardo -- None Available
Kennedy L A $17,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Sold $635,000 -4.5% $215 / Sq Ft
07/27/2023 07/27/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $665,000 -- $225 / Sq Ft
Source: Realtracs

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 $2,401 $158,400 $0 $0
2024 $1,278 $57,120 $0 $0
2023 $1,278 $57,120 $0 $0
2022 $1,278 $57,120 $0 $0
2021 $1,278 $57,120 $0 $0
2020 $1,220 $44,120 $0 $0
2019 $1,220 $44,120 $0 $0
2018 $1,131 $44,120 $0 $0
2017 $1,220 $44,120 $0 $0
2016 $1,195 $0 $0 $0
2015 $2,307 $43,200 $0 $0
2014 $2,307 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Hite

    Seller's Agent in 2023

    Mark Hite

    Real Estate Partners Chattanooga, LLC

    (423) 667-9385

    11 in this area

    1,011 Total Sales

    Mark Hite
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Map

Source: Realtracs

MLS Number: 2713616

Realtracs

APN: 146J-G-028

Tennessee Hamilton County Chattanooga 37404 Highland Park

1508 Bailey Ave, Chattanooga, TN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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