NOT LISTED FOR SALE

Estimated Value: $101,481 - $124,000

Studio
2 Baths
1,120 Sq Ft
$100/Sq Ft Est. Value

Last Sold December 31, 2021

Last sale price $65,000 $58 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $669/month

33 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Eat-In Kitchen
  • Living Room
  • Level Lot

About This Home

As of December 2021

Great investment in this duplex close to Rossville within a minute's drive to most anything. This duplex has 1 bedroom and 1 bath on each side. It currently rents for $950.00 per month. An increase in rent is certainly possible.

Rental house next door at 1709 E 5oth is also available.

Last Agent to Sell the Property

Bobby Colvin

Horizon Sotheby's International Realty License #251727 Listed on: 11/19/2021

Horizon Sotheby's International Realty

Last Buyer's Agent

Penny Raines

Wallace License #300939

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $678

Year Built

  • Built in 1926

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 45x130
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,120 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Schools

  • East Lake Elementary School
  • East Lake Academy Of Fine Arts Middle School
  • Howard School Of Academics & Tech High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 168p J 007

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $11,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$678

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Lot Size: 45X130
  • Subdivision Name: None
  • Directions: South on Rossville Blvd and turn right on East 49th Street and then immediately turn left on English Avenue. Then take a right on East 50th Street. The duplex is on the right directly behind the CVS Pharmacy.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1120.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1926
  • Owner Pays:Sewer2: Yes
  • Location Tax and Legal Parcel Number2: 168p J 007
  • Location Tax and Legal Elementary School: East Lake Elementary
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 677.67
  • 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: 0.14
  • General Property Information Lot Size Square Feet2: 6098.4
  • General Property Information Lot Size Dimensions: 45X130
  • 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
  • Remarks and Miscellaneous Public Remarks2: Great investment in this duplex close to Rossville within a minute's drive to most anything. This duplex has 1 bedroom and 1 bath on each side. It currently rents for $950.00 per month. An increase in rent is certainly possible. Rental house next door at 1709 E 5oth is also available.
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Lake Academy of Fine Arts
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Cooling:Window Unit(s): Yes
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Owner Pays:Water3: Yes
  • Cooling Wall Unit(s): Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected
  • Water Source: Public
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: East Lake Elementary
  • High School: Howard School of Academics & Tech
  • Middle Or Junior School: East Lake Academy of Fine Arts

Lot Info

  • Lot Size Sq Ft: 6098.4
  • Parcel #: 168p J 007
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 11400.0

Tax Info

  • Tax Annual Amount: 677.67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2022
Sold by
Lance Spencer
Bought by
Tennessee 1 Properties Llc
Current Estimated Value
$112,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.55%
Mortgage Type
Construction

Purchase Details

Listed on
Nov 19, 2021
Closed on
Dec 28, 2021
Sold by
Balevich Nicholas
Bought by
Spencer Lance
Seller's Agent
Bobby Colvin
Horizon Sotheby's International Realty
Buyer's Agent
Penny Raines
Wallace
List Price
$98,900
Sold Price
$65,000
Premium/Discount to List
-$33,900
-34.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.62%

Purchase Details

Closed on
Jul 3, 2008
Sold by
White Scala U
Bought by
Balevich Nicholas

Purchase Details

Closed on
Mar 27, 2006
Sold by
Cortner Forrest C
Bought by
White Scala U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
9.62%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 17, 1999
Sold by
Francis Jodine H
Bought by
Cortner Forrest C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
7.89%

Purchase Details

Closed on
Sep 26, 1999
Sold by
Francis Terry C and Craig Terrance Craig
Bought by
Francis Jodine H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
7.89%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tennessee 1 Properties Llc -- --
Spencer Lance $85,000 None Available
Balevich Nicholas $31,500 None Available
White Scala U $50,000 Legal Title
Cortner Forrest C $35,000 --
Francis Jodine H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tennessee 1 Properties Llc $600,000
Previous Owner White Scala U $45,000
Previous Owner Cortner Forrest C $28,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2021 12/31/21 Sold $65,000 -34.3% $58 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $98,900 -- $88 / 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
2025 $968 $63,840 $0 $0
2024 $403 $18,000 $0 $0
2023 $403 $18,000 $0 $0
2022 $403 $18,000 $0 $0
2021 $403 $18,000 $0 $0
2020 $372 $13,440 $0 $0
2019 $372 $13,440 $0 $0
2018 $433 $13,440 $0 $0
2017 $372 $13,440 $0 $0
2016 $372 $0 $0 $0
2015 $797 $13,440 $0 $0
2014 $797 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1346056

Greater Chattanooga REALTORS®

APN: 168P-J-007