NOT LISTED FOR SALE

Estimated Value: $796,000 - $1,150,000

Studio
4 Baths
5,000 Sq Ft
$200/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2018

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

Est. 70% increase in value since last sale

Current estimated payment $5,828 / mo

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 Agent to Sell the Property

Jim Lea

Greater Chattanooga Realty, Keller Williams Realty Brokerage Phone: 4238020066 License #296129 Listed on: 02/08/2018

Greater Chattanooga Realty, Keller Williams Realty

Last Buyer's Agent

Katherine Smith

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

Greater Downtown Realty dba Keller Williams Realty
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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 2 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 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1997
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Building Area Units: Square Feet
  • Living Area: 5000.0
  • 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
  • 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
  • Senior Community: No

Lot Info

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

Rental Info

  • Tenant Pays: Electricity, Gas, Water

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2024
Sold by
Bought by
Current Estimated Value
$1,002,150

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
$465,698
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$536,452

Purchase Details

Closed on
Sep 24, 2020
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Sep 17, 2019
Sold by
Bought by

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 8, 2018
Closed on
Mar 26, 2018
Sold by
Bought by
Seller's Agent
Jim Lea
Greater Chattanooga Realty, Keller Williams Realty
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.
Avg. Annual Appreciation
6.59%
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
Bought by
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
Bought by

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
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Southside, TN

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$639,000 Title Guaranty & Trust Co
-- Commerce Title & Escrow Llc
$249,900 First Choice Title Inc
$588,000 Title Guranty And Trust Co
$500,000 Title Guaranty & Trust Co
$772,000 Jones Raulston Title Ins Agc
$350,460 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $475,000
Previous Owner $352,500
Previous Owner $169,900
Previous Owner $330,000
Previous Owner $375,000
Previous Owner $944,248
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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