Seller's Agent in 2023
Robert Backer
Coldwell Banker Pryor Realty
(423) 313-1637
2 in this area
165 Total Sales
2026 Old Lafayette Rd Rock Spring, GA 30739
Rock Spring NeighborhoodEstimated Value: $366,000
--
Bed
--
Bath
3,150
Sq Ft
$116/Sq Ft
Est. Value
Highlights
- Senior Community
- Deck
- Eat-In Kitchen
- 4.22 Acre Lot
- No HOA
- Cooling System Mounted In Outer Wall Opening
About This Home
As of July 2023Great investment opportunity in Rock Springs. Includes the apartment building ,chicken house/barn and a total of 4.22 acres. This building started its life as a barn many years ago and was transformed into a 4 unit building consisting of 3-one bedroom units and 1 two bedroom unit, the one bedrooms rent to long term tenants at $450-500 per month and the 2 bedroom unit is currently vacant for showings but last rented for $600. There is also room in the upper level/loft for an additional larger 2 bedroom unit(plumbing stubbed in). The Quadruplex sits on 1.33 ac and the barn sits on 2.89 ac. Another plus is this property is on Sewer not Septic, there are 2 places for hook ups for the land up front on Old Lafayette rd. and the Quad has sewer lines going to the rear and joining a sewer easement in adjoining properties. So many possibilities for expansion and building other units or build your mini farm on one portion and have an income producing property next door. Zoning on tax records shows as R2. There is a driveway that leads to another property behind that does split the 2 lots.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,511
Year Built
- Built in 2007
Lot Details
- 4.22 Acre Lot
- Lot Dimensions are 399 x425 x411 x 483
- Level Lot
Parking
- Off-Street Parking
Home Design
- Quadruplex
- Slab Foundation
- Metal Roof
Interior Spaces
- 3,150 Sq Ft Home
- 2-Story Property
- Living Room
- Washer and Dryer Hookup
Kitchen
- Eat-In Kitchen
- Stove
Outdoor Features
- Deck
- Patio
Schools
- Saddle Ridge Elementary School
- Saddle Ridge Middle School
- Gordon Lee High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Baseboard Heating
Listing and Financial Details
- Assessor Parcel Number 0326 026
Community Details
Overview
- Senior Community
- No Home Owners Association
- 4 Units
Building Details
- Gross Income $24,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2023
Closed on
Jul 14, 2023
Sold by
Wells Floyd L
Bought by
Wallin Tyler
Seller's Agent
Robert Backer
Coldwell Banker Pryor Realty
Buyer's Agent
Lisa Wallin
RE/MAX Real Estate Center
List Price
$375,000
Sold Price
$330,000
Premium/Discount to List
-$45,000
-12%
Total Days on Market
31
Views
73
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
$36,000
Avg. Annual Appreciation
8.58%
Original Mortgage
$337,050
Outstanding Balance
$322,879
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$60,121
Purchase Details
Closed on
Apr 22, 2019
Sold by
Wells Floyd L
Bought by
Thompson Jeremy R
Purchase Details
Closed on
Dec 18, 1995
Sold by
Wells F M
Bought by
Wells Floyd L and Wells Mickey A
Purchase Details
Closed on
Aug 16, 1988
Sold by
Robert G Williams
Bought by
Wells F M
Purchase Details
Closed on
Sep 17, 1987
Sold by
Everett Harold D and Everett Mary B
Bought by
Robert G Williams
Purchase Details
Closed on
Aug 1, 1983
Sold by
Wf Camp C and Wf Mae Hise
Bought by
Everett Harold D and Everett Mary B
Purchase Details
Closed on
Jan 1, 1972
Bought by
Camp Cas
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wallin Tyler | $330,000 | -- | |
| Thompson Jeremy R | $110,000 | -- | |
| Wells Floyd L | -- | -- | |
| Wells F M | $65,000 | -- | |
| Robert G Williams | $80,000 | -- | |
| Everett Harold D | $53,000 | -- | |
| Camp Cas | -- | -- | |
| Wf Camp C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wallin Tyler | $337,050 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2023 07/14/23 | Sold | $330,000 | -12.0% | $105 / Sq Ft |
| 05/21/2023 05/21/23 | Off Market | $375,000 | -- | -- |
| 04/12/2023 04/12/23 | For Sale | $375,000 | -- | $119 / 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 | $2,696 | $114,143 | $22,292 | $91,851 |
| 2023 | $2,359 | $84,914 | $17,692 | $67,222 |
| 2022 | $1,765 | $58,736 | $16,859 | $41,877 |
| 2021 | $1,911 | $58,736 | $16,859 | $41,877 |
| 2020 | $2,058 | $62,136 | $16,859 | $45,277 |
| 2019 | $2,607 | $81,062 | $35,785 | $45,277 |
| 2018 | $2,146 | $81,089 | $35,812 | $45,277 |
| 2017 | $2,745 | $81,089 | $35,812 | $45,277 |
| 2016 | $2,744 | $81,089 | $35,812 | $45,277 |
| 2015 | $2,572 | $69,550 | $25,212 | $44,338 |
| 2014 | $1,955 | $69,550 | $25,212 | $44,338 |
| 2013 | -- | $69,550 | $25,212 | $44,338 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Backer
-
L
Buyer's Agent in 2023
Lisa Wallin
RE/MAX Real Estate Center
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1371783
APN: 0326-026
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