200 S Aster Ave Chattanooga, TN 37419
Lookout Valley Neighborhood
--
Bed
--
Bath
3,400
Sq Ft
0.38
Acres
Highlights
- Open Floorplan
- Granite Countertops
- Covered patio or porch
- Deck
- No HOA
- Formal Dining Room
About This Home
As of November 2024Investment Opportunity: Fully Renovated Triplex in Chattanooga!
Listing Price: $475,000
Current Monthly Income: $3,900
Potential Monthly Income (Section 8): $4,800
Discover a fantastic investment opportunity with this meticulously renovated triplex located at 200 S Aster Ave, Chattanooga, TN 37419. This property boasts three fully self-contained units, each with its own water and electric meters, ensuring optimal management and tenant independence.
Property Highlights:
Strong Rental Income: Currently generating $3,900 per month with the potential to reach $4,800 per month under Section 8.
Vacant Unit Ready for Owner Occupancy or New Tenant: The top left unit has just become vacant. The seller has a tenant lined up but is willing to wait a week for a buyer interested in living in the unit.
Extensive Renovations: Each unit has been thoughtfully updated with:
New roof and gutters
New Hardie siding on the front
New HVAC systems (including new insulation and drywall in the basement)
New water heaters
All new interior doors, lighting, and fresh paint
Modern LVP flooring throughout
Stylish kitchen upgrades: new cabinets, granite countertops, and stainless appliances
Updated bathrooms featuring new bathtubs with tile surround, vanities, and toilets
Local Attractions:
Lookout Mountain: Just minutes away, this iconic destination offers breathtaking views, hiking trails, and attractions like Rock City and Ruby Falls.
Chattanooga Riverwalk: Enjoy scenic walks, biking, and outdoor activities along the Tennessee River.
Downtown Chattanooga: Experience vibrant dining, shopping, and entertainment options, including the Tennessee Aquarium and the Creative Discovery Museum.
Ruby Falls and Incline Railway: Explore these popular attractions that draw tourists year-round, enhancing the appeal of the area.
Proximity to I-24: Quick access to major highways makes commuting to nearby cities and attractions convenient.
This triplex is an exceptional investment opportunity, combining strong rental income with the potential for personal use. Don't miss out on this chance to own a piece of Chattanooga's thriving rental market! Contact us today to schedule a viewing and explore the potential of this remarkable property.
Last Agent to Sell the Property
Keller Williams Realty License #322647 Listed on: 10/25/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,262
Year Built
- Built in 1980 | Remodeled
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 80x200
- Gentle Sloping Lot
- Cleared Lot
- Back Yard
Home Design
- Triplex
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- <<tubWithShowerToken>>
- 2-Story Property
- Open Floorplan
- Insulated Windows
- Living Room
- Formal Dining Room
- Finished Basement
- Basement Fills Entire Space Under The House
- Pull Down Stairs to Attic
Kitchen
- Stove
- Free-Standing Electric Range
- <<microwave>>
- Dishwasher
- Kitchen Island
- Granite Countertops
Flooring
- Tile
- Luxury Vinyl Tile
Laundry
- Laundry closet
- Washer and Dryer Hookup
Parking
- Paved Parking
- Off-Street Parking
- Assigned Parking
Outdoor Features
- Deck
- Covered patio or porch
Location
- Flood Insurance May Be Required
Schools
- Lookout Valley Elementary School
- Lookout Valley Middle School
- Lookout Valley High School
Utilities
- Central Heating and Cooling System
- Water Heater
- High Speed Internet
Listing and Financial Details
- Total Actual Rent $3,900
- Assessor Parcel Number 154j B 001.04
Community Details
Overview
- No Home Owners Association
- 3 Units
Pet Policy
- Pets Allowed
Security
- Building Fire Alarm
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2024
Closed on
Nov 21, 2024
Sold by
Sansbury Mellon Ltd Co Llc
Bought by
Patricia Adler Revocable Living Trust and Adler
Seller's Agent
Stevie Rifenberick
Keller Williams Realty
Buyer's Agent
Madison DeLoye
Keller Williams Realty
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%
Views
9
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,993
Avg. Annual Appreciation
-2.66%
Purchase Details
Listed on
Apr 8, 2021
Closed on
Jun 30, 2021
Sold by
Cornerstoen Const Of Chattanooga Corp
Bought by
Sansbury Mellon Ltd Co
Seller's Agent
Lana Drevenchuk
Premier Property Group, LLC.
Buyer's Agent
Stevie Rifenberick
Greater Chattanooga Realty, Keller Williams Realty
List Price
$179,900
Sold Price
$155,000
Premium/Discount to List
-$24,900
-13.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.44%
Original Mortgage
$116,250
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 20, 2021
Sold by
Thomison Maudie and Thomison Landon K
Bought by
Cornerstone Const Of Chattanooga Corp
Similar Homes in Chattanooga, TN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $480,000 | Bridge City Title | |
| Warranty Deed | $155,000 | Equititle Inc | |
| Warranty Deed | $140,000 | Equititle Inc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $116,250 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2024 11/21/24 | Sold | $480,000 | +1.1% | $141 / Sq Ft |
| 10/31/2024 10/31/24 | Pending | -- | -- | -- |
| 10/25/2024 10/25/24 | For Sale | $475,000 | +206.5% | $140 / Sq Ft |
| 06/30/2021 06/30/21 | Sold | $155,000 | -13.8% | $113 / Sq Ft |
| 05/04/2021 05/04/21 | Pending | -- | -- | -- |
| 04/08/2021 04/08/21 | For Sale | $179,900 | -- | $131 / Sq Ft |
Source: Greater Chattanooga REALTORS®
Tax History Compared to Growth
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 | $1,128 | $50,400 | $0 | $0 |
| 2023 | $1,128 | $50,400 | $0 | $0 |
| 2022 | $1,128 | $50,400 | $0 | $0 |
| 2021 | $1,128 | $50,400 | $0 | $0 |
| 2020 | $1,040 | $37,600 | $0 | $0 |
| 2019 | $1,040 | $37,600 | $0 | $0 |
| 2018 | $983 | $37,600 | $0 | $0 |
| 2017 | $1,040 | $37,600 | $0 | $0 |
| 2016 | $995 | $0 | $0 | $0 |
| 2015 | $1,942 | $36,000 | $0 | $0 |
| 2014 | $1,942 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Stevie Rifenberick
Seller's Agent in 2024
Stevie Rifenberick
Keller Williams Realty
(423) 991-1543
3 in this area
217 Total Sales
-
Madison DeLoye
M
Buyer's Agent in 2024
Madison DeLoye
Keller Williams Realty
(949) 310-9878
1 in this area
35 Total Sales
-
Lana Drevenchuk
L
Seller's Agent in 2021
Lana Drevenchuk
Premier Property Group, LLC.
(423) 800-1675
4 in this area
86 Total Sales
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1502283
APN: 154J-B-001.04
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