Seller's Agent in 2025
Philip Lancaster
Rock Point Real Estate
(423) 752-0710
1 in this area
9 Total Sales
2212 Bailey Ave Chattanooga, TN 37404
Ridgedale-Oak Grove NeighborhoodEstimated Value: $199,085 - $226,000
3
Beds
1
Bath
1,064
Sq Ft
$200/Sq Ft
Est. Value
Highlights
- Private Yard
- Central Heating and Cooling System
- Level Lot
- No HOA
About This Home
As of July 2025PROVEN INCOME PROPERTY. This newer (2002) income-producing asset is in a great area with quick nearby access to highways, UTC, hospitals, and downtown Chattanooga. Always a quick-to-lease rental. Current tenant pays $1,350 rent on a month-to-month lease. Cap rate in 2024 was 6%. Seller has several additional income properties for sale in Chattanooga and is open to negotiating a package deal.
PHOTOS: The only interior photos we have currently are branded with our watermark and so cannot be published on the MLS. You may request those be sent by email.
NOTE RE ACCESS: Since this is an occupied rental property, access for a walk-thru can only be granted within 3 days of an accepted offer with a walk-thru contingency.
Last Agent to Sell the Property
Rock Point Real Estate License #296531 Listed on: 05/28/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,326
Year Built
- Built in 2002
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 50 x 134
- Level Lot
- Private Yard
Parking
- Off-Street Parking
Home Design
- 1,064 Sq Ft Home
- Block Foundation
- Frame Construction
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Location
- City Lot
Schools
- Orchard Knob Elementary School
- Orchard Knob Middle School
- Howard School Of Academics & Tech High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Montagues Addn #2 Subdivision
Listing and Financial Details
- Assessor Parcel Number 146n L 007
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 28, 2025
Closed on
Jul 10, 2025
Sold by
Chattanooga Eleven Llc
Bought by
Silverman Mark and Locascio Jordan
Seller's Agent
Philip Lancaster
Rock Point Real Estate
Buyer's Agent
Krissy Brady
Realty Executives Associates
List Price
$235,000
Sold Price
$208,000
Premium/Discount to List
-$27,000
-11.49%
Views
6
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
$4,521
Avg. Annual Appreciation
2.62%
Original Mortgage
$166,400
Outstanding Balance
$165,973
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$46,548
Purchase Details
Listed on
May 28, 2025
Closed on
Jul 3, 2025
Sold by
Beulah Property Group Llc
Bought by
Chattanooga Eleven Llc
Seller's Agent
Philip Lancaster
Rock Point Real Estate
Buyer's Agent
Krissy Brady
Realty Executives Associates
List Price
$235,000
Sold Price
$208,000
Premium/Discount to List
-$27,000
-11.49%
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Outstanding Balance
$165,973
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$46,548
Purchase Details
Closed on
Apr 16, 2025
Sold by
Mkn Properties Llc
Bought by
Beulah Property Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,064,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 27, 2018
Sold by
Mjp Properties Llc
Bought by
Mkn 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
$66,500
Interest Rate
4.44%
Mortgage Type
Commercial
Purchase Details
Listed on
Feb 21, 2013
Closed on
May 24, 2013
Sold by
Eh Pooled 712 Lp
Bought by
Mjp Properties Llc
Seller's Agent
Ryan Gehris
USRealty.com, LLP
Buyer's Agent
Greg Travis
Coldwell Banker Pryor Realty
List Price
$35,900
Sold Price
$28,000
Premium/Discount to List
-$7,900
-22.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.93%
Original Mortgage
$28,000
Interest Rate
3.44%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 10, 2012
Sold by
The Bank Of New York Mellon
Bought by
Eh Pooled 712 Lp
Purchase Details
Closed on
Jun 5, 2012
Sold by
Popular Financial Services Llc
Bought by
The Bank Of New York Mellon
Purchase Details
Closed on
Feb 5, 2002
Sold by
Mays Willie Calvin
Bought by
Robertson Gene
Purchase Details
Closed on
Aug 4, 2000
Sold by
W W Group
Bought by
Mays Willie Calvin
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Silverman Mark | $205,000 | Southeast Title | |
| Silverman Mark | $205,000 | Southeast Title | |
| Chattanooga Eleven Llc | -- | None Listed On Document | |
| Chattanooga Eleven Llc | -- | None Listed On Document | |
| Beulah Property Group Llc | $1,520,000 | First Title | |
| Mkn Properties Llc | $66,500 | None Available | |
| Mjp Properties Llc | $28,000 | None Available | |
| Eh Pooled 712 Lp | $262,651 | None Available | |
| The Bank Of New York Mellon | -- | None Available | |
| The Bank Of New York Mellon | $55,249 | None Available | |
| Robertson Gene | $3,500 | -- | |
| Mays Willie Calvin | $4,500 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Silverman Mark | $166,400 | |
| Closed | Silverman Mark | $166,400 | |
| Previous Owner | Beulah Property Group Llc | $1,064,000 | |
| Previous Owner | Mkn Properties Llc | $66,500 | |
| Previous Owner | Mjp Properties Llc | $28,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/11/2025 07/11/25 | Sold | $208,000 | -8.4% | $195 / Sq Ft | |
| 06/16/2025 06/16/25 | Pending | -- | -- | -- | |
| 05/16/2025 05/16/25 | Price Changed | $227,000 | -3.4% | $213 / Sq Ft | |
| 05/14/2025 05/14/25 | For Sale | $235,000 | +739.3% | $221 / Sq Ft | |
| 05/28/2013 05/28/13 | Sold | $28,000 | -22.0% | $26 / Sq Ft | View Prior Sale |
| 05/08/2013 05/08/13 | Pending | -- | -- | -- | |
| 02/20/2013 02/20/13 | For Sale | $35,900 | -- | $33 / Sq Ft |
Source: Greater Chattanooga REALTORS®
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 |
|---|---|---|---|---|
| 2025 | $661 | $43,625 | $0 | $0 |
| 2024 | $661 | $29,550 | $0 | $0 |
| 2023 | $661 | $29,550 | $0 | $0 |
| 2022 | $661 | $29,550 | $0 | $0 |
| 2021 | $661 | $29,550 | $0 | $0 |
| 2020 | $600 | $21,700 | $0 | $0 |
| 2019 | $600 | $21,700 | $0 | $0 |
| 2018 | $621 | $21,700 | $0 | $0 |
| 2017 | $600 | $21,700 | $0 | $0 |
| 2016 | $444 | $0 | $0 | $0 |
| 2015 | $930 | $16,050 | $0 | $0 |
| 2014 | $930 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Lancaster
-
Krissy Brady
K
Buyer's Agent in 2025
Krissy Brady
Realty Executives Associates
(865) 318-9987
1 in this area
39 Total Sales
-
R
Seller's Agent in 2013
Ryan Gehris
USRealty.com, LLP
-
Greg Travis
Buyer's Agent in 2013
Greg Travis
Coldwell Banker Pryor Realty
(423) 580-4533
142 Total Sales
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1512884
APN: 146N-L-007
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Data is deemed reliable but is not guaranteed accurate by the MLS.
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