NOT LISTED FOR SALE

Estimated Value: $508,000 - $537,000

-- Bed
-- Bath
2,416 Sq Ft
$217/Sq Ft Est. Value

Last Sold November 07, 2022

Last sale price $441,000 $183 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,939/month

Highlights

  • 1.33 Acre Lot
  • Deck
  • Cul-De-Sac
  • Open Floorplan
  • No HOA
  • Patio

About This Home

As of November 2022

LOCATION LOCATION LOCATION. This is a great investment opportunity! Two Single Family homes in Red Bank ready for a family to live in one and rent the other or add to your portfolio. The first is a 3 BR 2 BA with a bonus room, huge living room and dining room, new decks in front and back, new floors, bathroom vanities, paint, the HVAC is only a few years old. The second home is 2 BR 1 BA with a large living/dining room and large kitchen. It is rented on month to month to long term tenants with a monthly rent way under market. Agent has personal interest. Owner/Agent

Last Agent to Sell the Property

Maria Chavez

Nest Chattanooga Real Estate & Management, LLC License #318599 Listed on: 11/09/2022

Nest Chattanooga Real Estate & Management, LLC

Last Buyer's Agent

Comps Only

COMPS ONLY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,867

Year Built

  • Built in 1920

Lot Details

  • 1.33 Acre Lot
  • Lot Dimensions are 75x773.25
  • Cul-De-Sac
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 2,416 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room
  • Storage
  • Washer and Dryer Hookup
  • Basement
  • Crawl Space
  • Stove

Parking

  • Garage
  • Parking Accessed On Kitchen Level
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Rivermont Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 127a A 002

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $10,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,867

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.33
  • Lot Size: 75X773.25
  • Subdivision Name: None
  • Directions: Hixson Pike to Altamont to Highpoint Dr. Houses are on the left at the end of the cul-de-sac
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One, Two
  • Living Area: 2416.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1920
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 127a A 002
  • Location Tax and Legal Elementary School: Rivermont Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 1867.28
  • 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: 1.33
  • General Property Information Lot Size Square Feet2: 57934.8
  • General Property Information Lot Size Dimensions: 75X773.25
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Red Bank Middle
  • Levels:One: Yes
  • Fencing Fenced: Yes
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: 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
  • Special Features: None
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Open Floorplan, Storage
  • Basement:Crawl Space: Yes
  • Interior Features:Open Floorplan: Yes
  • Community Features:None4: Yes
  • Interior Features:Storage2: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Cul-De-Sac, Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Patio And Porch Features: Deck, Patio
  • Roof: Metal, Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • Lot Features:Cul-De-Sac: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

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

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Rivermont Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 57934.8
  • Parcel #: 127a A 002
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 10200.0

Tax Info

  • Tax Annual Amount: 1867.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Nov 7, 2022
Sold by
Chavez Maria
Bought by
Hibbs Ethan C and Edwards Cherith A
Seller's Agent
Maria Chavez
Nest Chattanooga Real Estate & Management, LLC
Buyer's Agent
Comps Only
COMPS ONLY
List Price
$441,000
Sold Price
$441,000
Current Estimated Value
$523,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,502
Avg. Annual Appreciation
6.84%
Original Mortgage
$396,900
Outstanding Balance
$384,968
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$148,264

Purchase Details

Closed on
Nov 26, 2013
Sold by
Walker Betty
Bought by
Sams Beth Walker

Purchase Details

Closed on
Feb 4, 2005
Sold by
Phimmachack Mekdara and Phimmachack Sihom
Bought by
Walker Patrick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,700
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
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
Hibbs Ethan C $441,000 Alliance Title
Sams Beth Walker -- None Available
Walker Patrick A $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hibbs Ethan C $396,900
Previous Owner Walker Patrick A $81,700
Previous Owner Phimmachack Mekdara $261,000
Previous Owner Phimmachack Mekdara $256,000
Previous Owner Phimmachack Mekdara $201,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2022 11/09/22 For Sale $441,000 0.0% $183 / Sq Ft
11/07/2022 11/07/22 Sold $441,000 +300.9% $183 / Sq Ft
09/14/2021 09/14/21 Sold $110,000 -- $46 / 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 $2,094 $93,600 $0 $0
2023 $3,727 $93,600 $0 $0
2022 $1,675 $49,000 $0 $0
2021 $1,867 $49,000 $0 $0
2020 $1,643 $34,050 $0 $0
2019 $1,643 $34,050 $0 $0
2018 $1,643 $34,050 $0 $0
2017 $1,572 $34,050 $0 $0
2016 $1,557 $0 $0 $0
2015 $1,557 $32,300 $0 $0
2014 $1,557 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1365244

Greater Chattanooga REALTORS®

APN: 127A-A-002