NOT LISTED FOR SALE

2016 Portland St Chattanooga, TN 37406

Highland Park Neighborhood

Estimated Value: $118,687 - $222,000

-- Bed
2 Baths
1,196 Sq Ft
$151/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $90,000 $75 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $1,018/month

8 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Property has 3 Levels
  • Cooling System Mounted To A Wall/Window

About This Home

As of May 2020

Looking for an income producing investment property? This duplex has 2 units both with 2 bedrooms, 1 bathroom and is currently tenant occupied and rents for $1,000/month. This investor is allowing his portfolio to be sold as a package or separately. Call today for more details.

Last Agent to Sell the Property

Bekah Cochran

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4235085986 License #311881 Listed on: 04/09/2020

Greater Downtown Realty dba Keller Williams Realty

Co-Listed By

Amanda Garrison

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4235085986 License #370211,327993

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $787

Year Built

  • Built in 1961

Lot Details

  • Lot Dimensions are 50x132.5

Home Design

  • Duplex

Interior Spaces

  • 1,196 Sq Ft Home
  • Property has 3 Levels

Schools

  • Orchard Knob Elementary School
  • Orchard Knob Middle School
  • Brainerd High School

Utilities

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

Listing and Financial Details

  • Total Actual Rent $1,000
  • Assessor Parcel Number 136N M 013

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mission Hgts Subdivision

Building Details

  • Gross Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$787

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1961
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 4235085986
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 1196
  • 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: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 50X132.5
  • Lot Size Units: Acres
  • Parcel #: 136N M 013
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 12000
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Total Actual Rent: 1000

Tax Info

  • Tax Annual Amount: 787

MLS Schools

  • Elementary School: Orchard Knob Elementary School
  • High School: Brainerd High School
  • Middle Or Junior School: Orchard Knob Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
May 14, 2020
Sold by
Tomahawk Properties Llc
Bought by
Coffy Investments Llc
Seller's Agent
Bekah Cochran
Greater Downtown Realty dba Keller Williams Realty
List Price
$95,000
Sold Price
$90,000
Premium/Discount to List
-$5,000
-5.26%
Current Estimated Value
$180,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,672
Avg. Annual Appreciation
14.14%
Original Mortgage
$224,000
Outstanding Balance
$200,224
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
-$19,552

Purchase Details

Closed on
Apr 12, 2018
Sold by
Thornhill Carey
Bought by
Tomahawk Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2010
Sold by
Fannie Mae
Bought by
Thornhill Carey

Purchase Details

Closed on
Jul 19, 2010
Sold by
Hargiss Billy and Hargiss Lisa
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 20, 2008
Sold by
Somo Enterprises
Bought by
Hargiss Billy and Hargiss Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Coffy Investments Llc $280,000 First Title
Tomahawk Properties Llc $50,000 None Available
Thornhill Carey $8,500 Title Guaranty & Trust Co
Federal National Mortgage Association $63,343 None Available
Hargiss Billy $75,000 Assured Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coffey Investments Llc $89,404
Open Coffy Investments Llc $224,000
Previous Owner Tomahawk Properties Llc $57,058
Previous Owner Tomahawk Properties Llc $50,000
Previous Owner Hargiss Billy $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $90,000 -5.3% $75 / Sq Ft
04/17/2020 04/17/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $95,000 -- $79 / 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 $403 $18,000 $0 $0
2023 $403 $18,000 $0 $0
2022 $403 $18,000 $0 $0
2021 $403 $18,000 $0 $0
2020 $431 $15,600 $0 $0
2019 $431 $15,600 $0 $0
2018 $482 $15,600 $0 $0
2017 $220 $15,600 $0 $0
2016 $431 $0 $0 $0
2015 $907 $15,600 $0 $0
2014 $907 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bekah Cochran

    Seller's Agent in 2020

    Bekah Cochran

    Greater Downtown Realty dba Keller Williams Realty

    (423) 508-5986

    2 in this area

    147 Total Sales

    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Amanda Garrison

    Greater Downtown Realty dba Keller Williams Realty

    1 in this area

    52 Total Sales

    Section Image
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Map

Source: Realtracs

MLS Number: 2340211

Realtracs

APN: 136N-M-013

Tennessee Hamilton County Chattanooga 37406 Highland Park

2016 Portland St, Chattanooga, TN

This home is located at 2016 Portland St, Chattanooga, TN 37406 since 09 April 2020 and is currently estimated at $180,672, approximately $151 per square foot. This property was built in 1961. 2016 Portland St is a home located in Hamilton County with nearby schools including Orchard Knob Elementary School, Orchard Knob Middle School, and Brainerd High School.

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