NOT LISTED FOR SALE

Estimated Value: $115,777 - $156,000

-- Bed
2 Baths
1,572 Sq Ft
$89/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $125,000 $80 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $796/month

27 Days on Market

Highlights

  • No HOA
  • Brick Exterior Construction
  • Living Room
  • Eat-In Kitchen
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

About This Home

As of August 2023

INVESTMENT PACKAGE: All brick incoming producing duplex in downtown Chattanooga. Sold as a package with 3114 N Hickory and 1802 Tunnel Blvd for a total package price of 399k. Great opportunity to add 4 total doors to your portfolio for under 100k per door! No showings without accepted contract. Video walk through footage available available upon request.

Last Agent to Sell the Property

Heidi Rau

Zach Taylor - Chattanooga License #337555 Listed on: 06/29/2023

Last Buyer's Agent

Corey Ballew

REAL Broker License #332263

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $892

Year Built

  • Built in 1958

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,572 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 136l G 016

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Burgess Subdivision

Building Details

  • Gross Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$892

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.17
  • Lot Size: 50X150
  • Subdivision Name: Burgess
  • Directions: Wilcox Blvd. - turn North on Dodson, left on Ocoee - Duplex on right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1572.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1958
  • Location Tax and Legal Parcel Number2: 136l G 016
  • Location Tax and Legal Elementary School: Hardy Elementary
  • Location Tax and Legal High School: Brainerd High
  • Location Tax and Legal:Tax Annual Amount: 892.08
  • 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 Acres: 0.17
  • General Property Information Lot Size Square Feet2: 7405.2
  • General Property Information Lot Size Dimensions: 50X150
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Foundation Details Slab: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Orchard Knob Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Cooling:Window Unit(s): Yes
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Cooling Wall Unit(s): Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Electric3: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 136l G 016

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12600.0

Tax Info

  • Tax Annual Amount: 892.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2023
Closed on
Aug 15, 2023
Sold by
Lorathon Llc
Bought by
Deep East Equity Partners Llc
Seller's Agent
Heidi Rau
Zach Taylor - Chattanooga
Buyer's Agent
Corey Ballew
REAL Broker
List Price
$155,000
Sold Price
$125,000
Premium/Discount to List
-$30,000
-19.35%
Views
113
Current Estimated Value
$140,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,444
Avg. Annual Appreciation
5.79%
Original Mortgage
$93,750
Outstanding Balance
$91,850
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$48,594

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
Zach Taylor Real Estate
Buyer's Agent
Heidi Rau
Zach Taylor Chattanooga
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.61%
Original Mortgage
$264,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2009
Sold by
Capital Bank
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
$26,350
Interest Rate
5.29%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 29, 2008
Sold by
Dudley Darrell
Bought by
Capital Bank

Purchase Details

Closed on
Apr 14, 2004
Sold by
Foreclosed Sales Inc
Bought by
Dudley Darrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,500
Interest Rate
5.54%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 28, 2003
Sold by
Mckinney A Wayland and Mckinney Lisa
Bought by
Foreclosed Sales Inc

Purchase Details

Closed on
Aug 17, 2000
Sold by
Epstein Irvin B
Bought by
Mckinney Wayland and Mckinney Lisa
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
Deep East Equity Partners Llc $125,000 None Listed On Document
Lorathon Llc $330,000 Title Guaranty & Trust Co
Coleman Cleon $31,000 None Available
Capital Bank $40,000 None Available
Dudley Darrell $43,500 --
Foreclosed Sales Inc $131,000 First Title
Mckinney Wayland $28,000 Legal Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deep East Equity Partners Llc $93,750
Previous Owner Lorathon Llc $264,000
Previous Owner Lloyd Kim $883,844
Previous Owner Coleman Cleon $226,873
Previous Owner Coleman Cleon $26,350
Previous Owner Dudley Darrell $43,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $125,000 -19.4% $80 / Sq Ft
07/16/2023 07/16/23 Off Market $155,000 -- --
06/29/2023 06/29/23 For Sale $155,000 0.0% $99 / Sq Ft
06/25/2023 06/25/23 Off Market $155,000 -- --
06/14/2023 06/14/23 For Sale $155,000 +138.5% $99 / Sq Ft
02/18/2020 02/18/20 Sold $65,000 0.0% $41 / Sq Ft
01/01/2020 01/01/20 Pending -- -- --
01/01/2020 01/01/20 For Sale $65,000 -- $41 / 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 $445 $19,880 $0 $0
2023 $445 $19,880 $0 $0
2022 $445 $19,880 $0 $0
2021 $445 $19,880 $0 $0
2020 $531 $19,200 $0 $0
2019 $531 $19,200 $0 $0
2018 $564 $19,200 $0 $0
2017 $531 $19,200 $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: Greater Chattanooga REALTORS®

MLS Number: 1375057

Greater Chattanooga REALTORS®

APN: 136L-G-016