NOT LISTED FOR SALE

2703 Franklin Ave NW Cleveland, TN 37312

Estimated Value: $232,000 - $322,000

2 Beds
1 Bath
1,243 Sq Ft
$211/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $201,000 $162 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,425/month

5 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Central Heating and Cooling System
  • Wood Flooring
  • Eat-In Kitchen
  • 3-minute walk to Cherokee National Forest

About This Home

As of February 2022

Welcome to the perfect little starter or investment home in the highly sought after city of Cleveland. Drive up to see its stunning curb appeal and great lawn. There is a fully screened in back porch, out building and singe-car car port. Inside the home features a large living room with a gas-log fireplace, 2 bedrooms, 1 bathroom, an eat-in kitchen and unfinished basement. There is so much potential for an awesome remodel or even with just a few updates. The original details of the home give it such a unique charm that the perfect buyer can just move right in. Come see this home today, before it is snatched off the market!

Last Agent to Sell the Property

Wendy Dixon

Greater Chattanooga Realty, Keller Williams Realty Brokerage Phone: 4237022000 License #317739,308654 Listed on: 01/20/2022

Last Buyer's Agent

Ryan King

Greater Chattanooga Realty, Keller Williams Realty License #284395

Greater Chattanooga Realty, Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,001

Year Built

  • Built in 1940

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 101x140

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,243 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Electric Fireplace
  • Living Room with Fireplace
  • Unfinished Basement

Kitchen

  • Eat-In Kitchen
  • Microwave

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • 1 Carport Space

Schools

  • E.L. Ross Elementary School
  • Cleveland Middle School
  • Cleveland High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 042P O 00700 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,001

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Open Floorplan
  • Appliances: Refrigerator, Microwave
  • Fireplace Features: Living Room, Electric
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Finished Wood
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Has Basement: Unfinished
  • Building Area Units: Square Feet
  • Living Area: 1243
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Garage Yn: No
  • Parking Features: Detached
  • Total Parking Spaces: 1

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Other
  • Lot Size Acres: 0.33
  • Lot Size: 101x140
  • Lot Size Units: Acres
  • Parcel #: 042P O 00700 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1001

MLS Schools

  • Elementary School: E.L. Ross Elementary
  • High School: Cleveland High
  • Middle Or Junior School: Cleveland Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2022
Closed on
Jan 18, 2022
Sold by
Elrod David G
Bought by
Pickett Catherine B
Seller's Agent
Wendy Dixon
Greater Chattanooga Realty, Keller Williams Realty
Buyer's Agent
Ryan King
Greater Chattanooga Realty, Keller Williams Realty
List Price
$165,000
Sold Price
$201,000
Premium/Discount to List
$36,000
21.82%
Current Estimated Value
$262,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,456
Avg. Annual Appreciation
7.25%
Original Mortgage
$194,970
Outstanding Balance
$180,005
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$82,451
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pickett Catherine B $201,000 Foundation Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pickett Catherine B $194,970
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2022 02/18/22 Sold $201,000 +21.8% $162 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $165,000 -- $133 / Sq Ft
Source: Realtracs

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
2025 $525 $54,350 $12,375 $41,975
2024 $525 $36,500 $8,875 $27,625
2023 $1,150 $36,500 $8,875 $27,625
2022 $1,150 $36,500 $8,875 $27,625
2021 $1,150 $36,500 $0 $0
2020 $1,001 $36,500 $0 $0
2019 $1,001 $26,050 $0 $0
2018 $1,074 $0 $0 $0
2017 $537 $0 $0 $0
2016 $962 $0 $0 $0
2015 $962 $0 $0 $0
2014 $493 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2358539

Realtracs

APN: 042P-O-007.00