NOT LISTED FOR SALE

Estimated Value: $419,814 - $501,000

-- Bed
2 Baths
2,596 Sq Ft
$174/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $268,000 $103 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,581/month

125 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Cul-De-Sac
  • Deck
  • Den
  • Patio

About This Home

As of August 2020

Great income producing property in high demand East Brainerd. We maintained. Great investment. 3 Bedrooms, 2 full bath, downstairs den, laundry room, two car garage on each side. Many up grades have been added in the last few years. Granite kitchen top, stainless steel appliances. Long term tenants. Gross rent of $2,230 is 10-15 percent below market. Lot is large enough to add another unit if desired (buyer must confirm).

Accepted contract and proof of funds required before showing.

Interior pictures were taken three years ago when the unit was vacant.

Last Agent to Sell the Property

Jerry Petty

Chattanooga Real Estate Co Listed on: 11/06/2019

Last Buyer's Agent

Jerry Petty

Chattanooga Real Estate Co Listed on: 11/06/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,230

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 25.01x365.0
  • Cul-De-Sac
  • Level Lot
  • Flag Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,596 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room
  • Den
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Microwave

Outdoor Features

  • Deck
  • Patio

Schools

  • East Brainerd Elementary School
  • Ooltewah Middle School
  • Ooltewah High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 149o F 009.04

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Reeves Subdivision

Building Details

  • Gross Income $26,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,230

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 25.01X365.0
  • Subdivision Name: Reeves
  • Directions: SOUTH ON SHALLOWFORD ROAD, RIGHT ON JENKINS. PROPERTY IS APPROX. 3/4 MILE ON RIGHT.
  • Carport Y N: No
  • Garage Yn: Yes
  • Living Area: 2596.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1995
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 149o F 009.04
  • Location Tax and Legal Elementary School: East Brainerd Elementary
  • Location Tax and Legal High School: Ooltewah
  • Location Tax and Legal:Tax Annual Amount: 3230.0
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Dimensions: 25.01X365.0
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Utilities Sewer Connected: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Ooltewah Middle
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Den3: Yes
  • Unit 1 Living Room3: Yes
  • Unit 1 Microwave6: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 2 Microwave7: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Interior Features:Open Floorplan: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Cul-De-Sac, Flag Lot, Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Lot Features:Flag Lot: Yes
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: East Brainerd Elementary
  • High School: Ooltewah
  • Middle Or Junior School: Ooltewah Middle

Lot Info

  • Parcel #: 149o F 009.04

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 26760.0

Tax Info

  • Tax Annual Amount: 3230.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2024
Sold by
Petty Jerry Lebron and Petty Lori Ann
Bought by
Petty Rental Trust and Petty
Current Estimated Value
$452,704

Purchase Details

Listed on
Nov 6, 2019
Closed on
Aug 7, 2020
Sold by
Diaz Strickland Paula L
Bought by
Petty Jerry L
Seller's Agent
Jerry Petty
Chattanooga Real Estate Co
Buyer's Agent
Jerry Petty
Chattanooga Real Estate Co
List Price
$324,900
Sold Price
$268,000
Premium/Discount to List
-$56,900
-17.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$173,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2007
Sold by
Mccarthy Terrence
Bought by
Diaz Strickland Paula L

Purchase Details

Closed on
Apr 25, 2006
Sold by
Hillyer Harvey Jordan
Bought by
Mccarthy Terrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 24, 2006
Sold by
Scott Ann M and Hillyer Anna May
Bought by
Hillyer Harvey Jordan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 12, 1995
Sold by
Reeves Monty E and Reeves Melissa A
Bought by
Siebenlist Gary D
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 Buyer Sale Price Title Company
Petty Rental Trust -- None Listed On Document
Petty Jerry L $268,000 Realty T&E Svcs Inc
Diaz Strickland Paula L $188,000 Pioneer Title Agency Inc
Mccarthy Terrence $170,000 None Available
Hillyer Harvey Jordan -- None Available
Siebenlist Gary D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Petty Jerry L $173,500
Previous Owner Mccarthy Terrence $153,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $268,000 -17.5% $103 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
11/06/2019 11/06/19 For Sale $324,900 -- $125 / Sq Ft
Source: Greater Chattanooga REALTORS®

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 $2,548 $113,880 $0 $0
2023 $2,548 $113,880 $0 $0
2022 $2,548 $113,880 $0 $0
2021 $2,548 $113,880 $0 $0
2020 $955 $66,040 $0 $0
2019 $1,826 $66,040 $0 $0
2018 $1,630 $66,040 $0 $0
2017 $1,826 $66,040 $0 $0
2016 $1,826 $0 $0 $0
2015 $3,466 $66,040 $0 $0
2014 $3,466 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1309202

Greater Chattanooga REALTORS®

APN: 149O-F-009.04