NOT LISTED FOR SALE

1701 Forest Ridge Cir SW Cleveland, TN 37311

Estimated Value: $242,000 - $281,222

-- Bed
3 Baths
1,960 Sq Ft
$136/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $255,000 $130 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,436/month

191 Days on Market

Highlights

  • No HOA
  • Brick Exterior Construction
  • Central Heating and Cooling System
  • Eat-In Kitchen
  • Living Room
  • Garage

About This Home

As of June 2023

Triplex!! The perfect income producing property right here!! 2 are 1 bedroom/1 bath. 1 of them has 2 bedrooms/1 bath. One unit has brand new hvac and they all have new LVP flooring all the way through. All painted fresh as well as new light fixtures. Call today to schedule your showing!!

Last Agent to Sell the Property

Sommer Oder

RE/MAX Experience License #329188 Listed on: 12/14/2022

RE/MAX Experience

Last Buyer's Agent

Comps Only

COMPS ONLY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,111

Year Built

  • Built in 1979

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 103x123x109x122
  • Level Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,960 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Parking

  • Garage
  • Parking Accessed On Kitchen Level

Schools

  • Blythe-Bower Elementary School
  • Cleveland Middle School
  • Cleveland High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 057g O 001.00 000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $6,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,111

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.29
  • Lot Size: 103x123x109x122
  • Subdivision Name: None
  • Directions: From Paul Huff Pkwy: Turn left onto Peerless Road; Turn left onto 25th Street; Turn right onto Keith Street; Turn right onto S Lee Hwy; Turn left onto Victory Street; Turn right onto Westland Drive; Turn right onto Forest Ridge Circle; Tri plex is on the left.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 1960.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1979
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 057g O 001.00 000
  • Location Tax and Legal Elementary School: Blythe-Bower Elementary
  • Location Tax and Legal High School: Cleveland High
  • Location Tax and Legal:Tax Annual Amount: 1110.84
  • 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: 0.29
  • General Property Information Lot Size Square Feet2: 12632.4
  • General Property Information Lot Size Dimensions: 103x123x109x122
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Cleveland Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 3 Living Room5: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Kitchen Level
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No

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
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Blythe-Bower Elementary
  • High School: Cleveland High
  • Middle Or Junior School: Cleveland Middle

Lot Info

  • Lot Size Sq Ft: 12632.4
  • Parcel #: 057g O 001.00 000
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 6900.0

Tax Info

  • Tax Annual Amount: 1110.84

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2022
Closed on
Jun 14, 2023
Sold by
Mgco
Bought by
Cunningham Wanda Ammons and Cunningham James Dalton
Seller's Agent
Sommer Oder
RE/MAX Experience
Buyer's Agent
Comps Only
COMPS ONLY
List Price
$289,900
Sold Price
$255,000
Premium/Discount to List
-$34,900
-12.04%
Views
595
Current Estimated Value
$266,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,407
Avg. Annual Appreciation
1.86%
Original Mortgage
$250,381
Outstanding Balance
$243,686
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$22,721

Purchase Details

Closed on
Dec 14, 2020
Sold by
Stedman-Webb Stephanie and Stedman Stephanie
Bought by
Mgco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2015
Sold by
King Debra Denise
Bought by
Stedman Stephanie and King Elijah

Purchase Details

Closed on
Jun 5, 2008
Sold by
Ledford David
Bought by
King Debra Denise
Source: Public Records

Range of Values:

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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
Cunningham Wanda Ammons $255,000 Equi Title
Mgco $137,000 None Listed On Document
Stedman Stephanie -- --
King Debra Denise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cunningham Wanda Ammons $250,381
Previous Owner Mgco $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2023 06/14/23 Sold $255,000 -7.2% $130 / Sq Ft
05/28/2023 05/28/23 Off Market $274,900 -- --
01/28/2023 01/28/23 Price Changed $274,900 -3.5% $140 / Sq Ft
01/10/2023 01/10/23 Price Changed $284,900 -1.7% $145 / Sq Ft
12/14/2022 12/14/22 For Sale $289,900 0.0% $148 / Sq Ft
12/04/2022 12/04/22 Off Market $289,900 -- --
11/12/2022 11/12/22 For Sale $289,900 -- $148 / 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
2024 $507 $35,240 $8,640 $26,600
2023 $1,111 $35,240 $8,640 $26,600
2022 $1,111 $35,240 $8,640 $26,600
2021 $1,111 $35,240 $0 $0
2020 $1,681 $35,240 $0 $0
2019 $1,681 $43,760 $10,000 $33,760
2018 $1,802 $0 $0 $0
2017 $901 $0 $0 $0
2016 $1,261 $0 $0 $0
2015 $1,261 $0 $0 $0
2014 $649 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1365392

Greater Chattanooga REALTORS®

APN: 057G-O-001.00