$100,000
SOLD FEB 18, 2020
8 Beds
2 Baths
1,608 Sq Ft
1950 Built

Recently Sold

$62 Per Sq Ft

9% Below List Price

Highlights

  • No HOA
  • Baseboard Heating
  • 3-minute walk to Tatum Park
  • Cooling System Mounted To A Wall/Window
  • Property has 3 Levels

About This Home

As of February 2020

Great Duplex located in the HISTORIC HIGHLAND PARK. GREAT investment property, located minutes from downtown and MLK. Highland Park will soon be the home of a $5 million athletic complex. (bringing more business and traffic) Currently Tenant occupied with monthly income total of $1,100 (possibility of $1,600 plus). Must bring acceptable offer

Last Agent to Sell the Property

Melanie Settles

Greater Downtown Realty dba Keller Williams Realty License #339367 Listed on: 01/01/2020

Greater Downtown Realty dba Keller Williams Realty

Last Buyer's Agent

Heidi Rau

Zach Taylor Chattanooga License #337555

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,162

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 50x138.75

Home Design

  • Duplex

Interior Spaces

  • 1,608 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Bathrooms

Schools

  • East Side Elementary School
  • Howard School Of Academics Technology High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $1,150
  • Assessor Parcel Number 146O R 014

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Montagues Addn #4 Subdivision

Building Details

  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,162

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1950
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Total Bedrooms: 8
  • Building Area Units: Square Feet
  • Living Area: 1608
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Aluminum Siding, 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: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 50X138.75
  • Lot Size Units: Acres
  • Parcel #: 146O R 014
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 13200
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Total Actual Rent: 1150

Tax Info

  • Tax Annual Amount: 1162

MLS Schools

  • Elementary School: East Side Elementary School
  • High School: Howard School Of Academics Technology

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2020
Closed on
Feb 18, 2020
Sold by
Cleon Coleman and Cleon Coleman Cleon
Bought by
Lorathon Llc
Seller's Agent
Melanie Settles
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Heidi Rau
Zach Taylor Chattanooga
List Price
$110,000
Sold Price
$100,000
Premium/Discount to List
-$10,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.11%
Original Mortgage
$264,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 2013
Sold by
Petersen Randolph A and Petersen Magella
Bought by
Coleman Cleon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 1995
Bought by
Peterson Randolph A and Peterson Mage
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 Type Sale Price Title Company
Warranty Deed $330,000 Title Guaranty & Trust Co
Warranty Deed $32,500 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $264,000 Commercial
Previous Owner $12,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 For Sale $299,000 +199.0% $186 / Sq Ft
02/18/2020 02/18/20 Sold $100,000 -9.1% $62 / Sq Ft
01/01/2020 01/01/20 Pending -- -- --
01/01/2020 01/01/20 For Sale $110,000 -- $68 / 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 $902 $40,320 $0 $0
2023 $902 $40,320 $0 $0
2022 $902 $40,320 $0 $0
2021 $902 $40,320 $0 $0
2020 $637 $23,040 $0 $0
2019 $637 $23,040 $0 $0
2018 $651 $23,040 $0 $0
2017 $637 $23,040 $0 $0
2016 $531 $0 $0 $0
2015 $1,089 $19,200 $0 $0
2014 $1,089 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2724492

Realtracs

APN: 146O-R-014