$285,000
SOLD JUN 13, 2023

18 Sheridan Rd Chattanooga, TN 37412

-- Bed
-- Bath
1,800 Sq Ft
0.27 Acres

Recently Sold

$158 Per Sq Ft

2% Above List Price

14 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Central Heating

About This Home

As of June 2023

Here is your chance to own a turnkey, cash-flowing duplex located just minutes from downtown. These two nearly identical units boast updated interiors with an open concept floorplan. On the first floor you will find the kitchen, living room and convenient half bath and washer and dryer hookups. Upstairs, you will have an oversized bedroom with modern vaulted ceilings and exposed beams. Also located upstairs is a full bathroom! Take an afternoon to relax on one of the 2 large decks extended from both units. This Duplex comes equipped with a new roof, new gutters, 2 new front doors, and 1 new water heater. Jumpstart or continue growing your real estate investing journey today!

Last Agent to Sell the Property

Bri Goodrich

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 2244567423 License #416210,362043 Listed on: 05/01/2023

Greater Downtown Realty dba Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,898

Year Built

  • Built in 1980

Lot Details

  • Lot Dimensions are 90.5x130.71

Home Design

  • Duplex

Interior Spaces

  • 1,800 Sq Ft Home
  • Property has 3 Levels

Schools

  • East Ridge Elementary School
  • East Ridge Middle School
  • East Ridge High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Total Actual Rent $1,050
  • Assessor Parcel Number 156E A 007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,898

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1980
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 2244567423
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 1800
  • 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, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 90.5X130.71
  • Lot Size Units: Acres
  • Parcel #: 156E A 007
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Total Actual Rent: 1050

Tax Info

  • Tax Annual Amount: 1898

MLS Schools

  • Elementary School: East Ridge Elementary School
  • High School: East Ridge High School
  • Middle Or Junior School: East Ridge Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Jun 13, 2023
Sold by
Shook Nicholas
Bought by
Isenhower Jacob
Seller's Agent
Bri Goodrich
Greater Downtown Realty dba Keller Williams Realty
List Price
$280,000
Sold Price
$285,000
Premium/Discount to List
$5,000
1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.57%
Original Mortgage
$279,837
Outstanding Balance
$272,946
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$40,098

Purchase Details

Listed on
Jan 4, 2021
Closed on
Feb 16, 2021
Sold by
Aurora Properties Llc
Bought by
Atkins John Clinton
Seller's Agent
Louellen Smith
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Debbie Sue Przybysz
Real Estate Partners Chattanooga, LLC
List Price
$175,000
Sold Price
$191,000
Premium/Discount to List
$16,000
9.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.01%
Original Mortgage
$143,250
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2019
Sold by
Wells Fargo Bank National Association
Bought by
Aurora Properties Llc

Purchase Details

Closed on
May 25, 2018
Sold by
Weiss Joanna L
Bought by
Wells Fargo Bank National Association and Reperforming Loan Remic Trust

Purchase Details

Closed on
May 25, 2001
Sold by
Arp and Kathy
Bought by
Weiss Joanna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,049
Interest Rate
7.02%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 30, 2001
Sold by
Arp and Kathy
Bought by
Potter Carrie L and The 18 Sheridan Road Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,049
Interest Rate
7.02%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 1999
Sold by
Anderson Robert L and Intyre Maureen
Bought by
Arp Don and Arp Kathy
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $285,000 Cumberland Title & Guaranty
Warranty Deed $101,000 Cumberland Ttl & Guaranty Co
Special Warranty Deed $63,962 Servicelink Llc
Trustee Deed $63,962 None Available
Warranty Deed $57,500 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $35,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $279,837 FHA
Previous Owner $143,250 New Conventional
Previous Owner $105,000 Commercial
Previous Owner $57,049 FHA
Previous Owner $39,200 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $349,900 0.0% $194 / Sq Ft
09/21/2024 09/21/24 Off Market $875 -- --
06/13/2023 06/13/23 Sold $285,000 +1.8% $158 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/01/2023 05/01/23 For Sale $280,000 +12.0% $156 / Sq Ft
04/07/2022 04/07/22 Sold $250,000 +6.4% $139 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $234,900 0.0% $131 / Sq Ft
05/21/2021 05/21/21 Rented -- -- --
05/21/2021 05/21/21 Rented $875 -5.4% --
05/14/2021 05/14/21 Under Contract -- -- --
03/22/2021 03/22/21 For Rent $925 0.0% --
02/22/2021 02/22/21 Sold $191,000 +9.1% $106 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $175,000 -- $97 / Sq Ft
Source: Realtracs

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 $658 $29,400 $0 $0
2023 $1,034 $29,400 $0 $0
2022 $1,658 $47,040 $0 $0
2021 $1,898 $47,040 $0 $0
2020 $1,908 $40,200 $0 $0
2019 $1,848 $40,200 $0 $0
2018 $1,848 $40,200 $0 $0
2017 $1,848 $40,200 $0 $0
2016 $1,575 $0 $0 $0
2015 $1,575 $32,880 $0 $0
2014 $1,695 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2537856

Realtracs

APN: 156E-A-007