NOT LISTED FOR SALE
Studio
4 Baths
5,000 Sq Ft
6,098 Sq Ft Lot

Last Sold March 27, 2018

Last sale price $588,000 $118 Per Sq Ft

6 Days on Market

Highlights

  • No HOA
  • Heating Available
  • 4-minute walk to Play Wash Pint
  • Central Air

About This Home

As of March 2018

Welcome to 1601 Mitchell Ave - a Southside quadplex within walking distance to Southside Pizza, the future Heaven & Ale, Jefferson Heights Park, Niedlov's, Main St. Meats, Slick's Burgers and more. Easy drive to UTC. Each unit features 3 bedrooms, 1.5 bathrooms, living and dining room, and washer/dryer hookups. Some units have been recently renovated with fresh paint and cabinetry, and sleek black appliances. 100% occupied - a great addition to a real estate investor's portfolio!

Last Buyer's Agent

Katherine Smith

Greater Downtown Realty dba Keller Williams Realty License #279522,294185

Greater Downtown Realty dba Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,085

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 44x125

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 5,000 Sq Ft Home
  • Property has 3 Levels

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 145LDC 003

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Fort Negley Addn Subdivision

Building Details

  • Gross Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,085

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1997
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex
  • 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: 5000
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other, Brick
  • 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: Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 44X125
  • Lot Size Units: Acres
  • Parcel #: 145LDC 003
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 51600
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5085

MLS Schools

  • 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
Aug 15, 2024
Sold by
W2t Five Llc
Bought by
Utc Eight Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Outstanding Balance
$468,352
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2020
Sold by
1601 Mitchell Avenue Llc
Bought by
W2t Five Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2020
Sold by
Urban Growth Capital Llc
Bought by
1601 Mitchell Avenue Llc

Purchase Details

Closed on
Sep 17, 2019
Sold by
Market Street Vl Partners Llc
Bought by
Nelson Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,900
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 2, 2018
Closed on
Mar 26, 2018
Sold by
Wlcs Holdings Llc
Bought by
Urban Growth Capital Llc
Buyer's Agent
Katherine Smith
Greater Downtown Realty dba Keller Williams Realty
List Price
$600,000
Sold Price
$588,000
Premium/Discount to List
-$12,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 16, 2017
Closed on
Aug 2, 2017
Sold by
Bmb Obispo Llc
Bought by
Wlcs Holdings Llc
Seller's Agent
Grace Frank
Zach Taylor Chattanooga
Buyer's Agent
Ryan May
Real Estate Partners Chattanooga, LLC
List Price
$495,000
Sold Price
$500,000
Premium/Discount to List
$5,000
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.83%
Original Mortgage
$375,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2017
Sold by
Marchi On The Southside Llc
Bought by
Bmb Obispo Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$944,248
Interest Rate
4.08%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2013
Sold by
Cne Affordable Housing Lp Iii
Bought by
Marchi On The Southside Llc
Source: Public Records
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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
Utc Eight Llc -- None Listed On Document
Utc Eight Llc -- None Listed On Document
W2t Five Llc $639,000 Title Guaranty & Trust Co
1601 Mitchell Avenue Llc -- Commerce Title & Escrow Llc
Nelson Robin L $249,900 First Choice Title Inc
Urban Growth Capital Llc $588,000 Title Guranty And Trust Co
Wlcs Holdings Llc $500,000 Title Guaranty & Trust Co
Bmb Obispo Llc $772,000 Jones Raulston Title Ins Agc
Marchi On The Southside Llc $350,460 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Utc Eight Llc $475,000
Closed Utc Eight Llc $475,000
Previous Owner W2t Five Llc $352,500
Previous Owner Nelson Robin L $169,900
Previous Owner Urban Growth Capital Llc $330,000
Previous Owner Wlcs Holdings Llc $375,000
Previous Owner Bmb Obispo Llc $944,248
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/27/2018 03/27/18 Sold $588,000 -2.0% $118 / Sq Ft
02/08/2018 02/08/18 Pending -- -- --
02/02/2018 02/02/18 For Sale $600,000 +20.0% $120 / Sq Ft
08/04/2017 08/04/17 Sold $500,000 +1.0% $114 / Sq Ft View Prior Sale
06/22/2017 06/22/17 Pending -- -- --
06/16/2017 06/16/17 For Sale $495,000 -- $113 / 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 $3,704 $244,400 $0 $0
2024 $5,155 $230,400 $0 $0
2023 $5,155 $230,400 $0 $0
2022 $5,155 $230,400 $0 $0
2021 $5,155 $230,400 $0 $0
2020 $4,345 $157,120 $0 $0
2019 $4,345 $157,120 $0 $0
2018 $3,704 $157,120 $0 $0
2017 $2,788 $100,840 $0 $0
2016 $1,654 $0 $0 $0
2015 $3,150 $59,800 $0 $0
2014 $3,150 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2728901

Realtracs

APN: 145LD-C-003

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