NOT LISTED FOR SALE

Estimated Value: $223,000 - $384,000

-- Bed
-- Bath
1,915 Sq Ft
$154/Sq Ft Est. Value

Last Sold January 26, 2021

Last sale price $188,000 $98 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,635/month

Highlights

  • No HOA
  • Eat-In Kitchen
  • Living Room
  • Formal Dining Room
  • Cooling System Mounted In Outer Wall Opening
  • 4-minute walk to Watkins Street Park

About This Home

As of January 2021

Investment Opportunity! This building has a large front porch, character from years gone by, closed fireplaces with mantels. The present GMI of $1740 per month. All appliances remain. Each unit in this triplex has 1 bedroom and 1 bathroom. Unit A has its own water and electric meter. Units B & C are on shared meters and pay the landlord for utilities. Units A & B have washer/dryer hookups.

Last Agent to Sell the Property

Elaine Collins

First Property Management License #329726 Listed on: 01/12/2021

Last Buyer's Agent

KATIE BETH RICH

Crye-Leike Lakeway West

Crye-Leike Lakeway West

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $681

Year Built

  • Built in 1930

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 50x142
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 1,915 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Formal Dining Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Schools

  • Eastside Elementary School
  • Orchard Knob Middle School
  • Howard School Of Academics & Tech High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 156c L 025

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $20,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$681

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Lot Size: 50X142
  • Subdivision Name: None
  • Directions: From Downtown Chattanooga Head east on W M.L.K. Blvd toward Market St Turn right at the 1st cross street onto Market St Turn left onto E Main St Turn left onto S Watkins St Turn right at the 1st cross street onto E 14th St
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • Living Area: 1915.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1930
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 156c L 025
  • Location Tax and Legal Elementary School: Eastside Elementary
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 680.7
  • 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: 0.16
  • General Property Information Lot Size Square Feet2: 7100.0
  • General Property Information Lot Size Dimensions: 50X142
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Remarks and Miscellaneous Public Remarks2: Investment Opportunity! This building has a large front porch, character from years gone by, closed fireplaces with mantels. The present GMI of $1740 per month. All appliances remain. Each unit in this triplex has 1 bedroom and 1 bathroom. Unit A has its own water and electric meter. Units B & C are on shared meters and pay the landlord for utilities. Units A & B have washer/dryer hookups.
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Orchard Knob Middle
  • General Property Information Stories2: 1
  • Cooling:Window Unit(s): Yes
  • Levels:One and One Half: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: 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

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

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Roof: Shingle
  • 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: Electric, 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
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Eastside Elementary
  • High School: Howard School of Academics & Tech
  • Middle Or Junior School: Orchard Knob Middle

Lot Info

  • Lot Size Sq Ft: 7100.0
  • Parcel #: 156c L 025
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 20880.0

Tax Info

  • Tax Annual Amount: 680.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2021
Closed on
Jan 25, 2021
Sold by
Leavitt Paul T
Bought by
Rnp Llc
Seller's Agent
Elaine Collins
First Property Management
Buyer's Agent
KATIE BETH RICH
Crye-Leike Lakeway West
List Price
$183,000
Sold Price
$188,000
Premium/Discount to List
$5,000
2.73%
Current Estimated Value
$295,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,349
Avg. Annual Appreciation
9.60%

Purchase Details

Listed on
May 9, 2019
Closed on
Jun 28, 2019
Sold by
Rc Investment Group Llc
Bought by
Leavitt Paul T
Seller's Agent
Elaine Collins
First Property Management
Buyer's Agent
Doug Lawrence
Berkshire Hathaway HomeServices J Douglas Properties
List Price
$79,900
Sold Price
$77,500
Premium/Discount to List
-$2,400
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.22%

Purchase Details

Closed on
Dec 20, 2017
Sold by
S And S Invetments Grop Llc
Bought by
Rc Investments Group Llc

Purchase Details

Closed on
Aug 30, 2017
Sold by
S&S Investment Group Llc
Bought by
Rc Investment Group Llc

Purchase Details

Closed on
Jan 22, 2016
Sold by
Drake Brenda
Bought by
S & S Investment Group Llc

Purchase Details

Closed on
Jan 23, 1998
Sold by
Billye Owens and Billye Carolyn B
Bought by
Drake Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,970
Interest Rate
7.19%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rnp Llc $188,000 Title Insurance Comapny
Leavitt Paul T $77,500 Foundation T&E Chattanooga
Rc Investments Group Llc -- First Choice Title Inc
Rc Investment Group Llc -- None Available
S & S Investment Group Llc $26,671 None Available
Drake Brenda $42,500 First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drake Brenda $38,970
Closed Drake Brenda $7,087
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2021 01/26/21 Sold $188,000 +2.7% $98 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/12/2021 01/12/21 For Sale $183,000 +136.1% $96 / Sq Ft
06/28/2019 06/28/19 Sold $77,500 -3.0% $40 / Sq Ft View Prior Sale
06/07/2019 06/07/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $79,900 -- $42 / 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 $1,121 $50,120 $0 $0
2023 $1,121 $50,120 $0 $0
2022 $1,121 $50,120 $0 $0
2021 $626 $28,000 $0 $0
2020 $597 $21,600 $0 $0
2019 $597 $21,600 $0 $0
2018 $618 $21,600 $0 $0
2017 $597 $21,600 $0 $0
2016 $597 $0 $0 $0
2015 $1,211 $21,600 $0 $0
2014 $1,211 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1328945

Greater Chattanooga REALTORS®

APN: 156C-L-025