NOT LISTED FOR SALE

27 Wert St Chattanooga, TN 37405

Estimated Value: $264,954 - $345,000

-- Bed
2 Baths
1,484 Sq Ft
$211/Sq Ft Est. Value

Last Sold February 27, 2020

Last sale price $175,000 $118 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $1,722/month

54 Days on Market

Highlights

  • No HOA
  • Brick Exterior Construction
  • Central Heating and Cooling System
  • Eat-In Kitchen
  • Living Room
  • 2-minute walk to Hill City Park Playground

About This Home

As of February 2020

Great investor duplex in the heart of Hill City/North Chattanooga. Currently under rent market value at $1300 month. Could be rented for $1000 per side for a total GMI of $2000. Long term section 8 tenants month to month currently.



Tenant occupied do not disturb tenants.

Last Agent to Sell the Property

Michael Kelly

Scenic South Properties, LLC License #322724 Listed on: 11/29/2019

Last Buyer's Agent

Mark Jackson

Jackson Real Estate & Auction License #227129

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,144

Year Built

  • Built in 1954

Lot Details

  • 6,850 Sq Ft Lot
  • Lot Dimensions are 50x137
  • Sloped Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,484 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Stove

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 126l B 014

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Spears Subdivision

Building Details

  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,144

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Lot Size: 50X137
  • Subdivision Name: Spears
  • Directions: N market st, left on Hamilton, left on wert. duplex on corner of wert/spears
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1484.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1954
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 126l B 014
  • Location Tax and Legal Elementary School: Red Bank Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 2143.94
  • 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: 6850.0
  • General Property Information Lot Size Dimensions: 50X137
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Red Bank Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 2 Living Room4: 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: Sloped
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Sloped: 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: 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
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 6850.0
  • Parcel #: 126l B 014
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 15600.0

Tax Info

  • Tax Annual Amount: 2143.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2019
Closed on
Feb 27, 2020
Sold by
Kammer Holdings Llc
Bought by
Osorio Miguel Juan
Seller's Agent
Michael Kelly
Scenic South Properties, LLC
Buyer's Agent
Mark Jackson
Jackson Real Estate & Auction
List Price
$225,000
Sold Price
$175,000
Premium/Discount to List
-$50,000
-22.22%
Current Estimated Value
$312,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,489
Avg. Annual Appreciation
10.77%
Original Mortgage
$171,830
Outstanding Balance
$152,467
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$160,022

Purchase Details

Closed on
Oct 16, 2018
Sold by
S & J Southeast Investments Llc
Bought by
Kammer Holdings Llc

Purchase Details

Closed on
Mar 3, 2016
Sold by
Allen Natalie A
Bought by
S & J Southeast Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,600
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2011
Sold by
Cne Affordable Housing Limited Partnersh
Bought by
Sliger Joe
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
Osorio Miguel Juan $175,000 Northshore Title & Escrow
Kammer Holdings Llc -- None Available
S & J Southeast Investments Llc $96,800 Century Title & Escrow Inc
Sliger Joe $22,000 Century Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osorio Miguel Juan $171,830
Previous Owner S & J Southeast Investments Llc $72,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2020 02/27/20 Sold $175,000 -22.2% $118 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
11/29/2019 11/29/19 For Sale $225,000 -- $152 / 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 $1,007 $45,000 $0 $0
2023 $1,611 $72,000 $0 $0
2022 $1,611 $72,000 $0 $0
2021 $1,611 $72,000 $0 $0
2020 $1,176 $42,520 $0 $0
2019 $1,176 $42,520 $0 $0
2018 $1,095 $42,520 $0 $0
2017 $1,176 $42,520 $0 $0
2016 $498 $0 $0 $0
2015 $1,029 $18,000 $0 $0
2014 $1,029 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1310213

Greater Chattanooga REALTORS®

APN: 126L-B-014