NOT LISTED FOR SALE

2740 Forest Rd Chattanooga, TN 37406

Murray Hills Neighborhood

Estimated Value: $231,000 - $303,031

Studio
2 Baths
2,160 Sq Ft
$124/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $136,900 $63 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $1,568/month

62 Days on Market

Highlights

  • No HOA
  • Living Room
  • Central Heating and Cooling System
  • Eat-In Kitchen

About This Home

As of January 2020

Nice duplex conveniently located to Highway 153. This duplex is a 2 bedroom 1.5 bath on each side and is fully occupied. This property is next door to another duplex At 2742 Forest Rd. MLS 1309246 and is being sold as a package and seller will not separate. Both good investment properties. A total of 5 units rented.

Last Agent to Sell the Property

Kim Snyder

Greyhaven Realty Management Co Listed on: 11/07/2019

Last Buyer's Agent

Lorraine Johnson

Education Registration

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $234

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 91.8x117.52
  • Sloped Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Schools

  • Hillcrest Elementary School
  • Dalewood Middle School
  • Brainerd High School

Utilities

  • Central Heating and Cooling System
  • Radiant Ceiling
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 128b B 015.02

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Forest Acres Subdivision

Building Details

  • Gross Income $17,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$234

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2
  • Lot Size: 91.8x117.52
  • Subdivision Name: Forest Acres
  • Directions: North on Hwy. 153 take Aminicola Exit, turn left off exit. Go over interstate at red light turn left onto S Access Rd. Onto Harrison Pike. Straight into Kings Point onto Forest Rd.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 2160.0
  • New Construction: No
  • Building Stories: 2
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 128b B 015.02
  • Location Tax and Legal Elementary School: Hillcrest Elementary
  • Location Tax and Legal High School: Brainerd High
  • Location Tax and Legal:Tax Annual Amount: 234.0
  • 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: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information Lot Size Dimensions: 91.8x117.52
  • 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: Nice duplex conveniently located to Highway 153. This duplex is a 2 bedroom 1.5 bath on each side and is fully occupied. This property is next door to another duplex At 2742 Forest Rd. MLS 1309246 and is being sold as a package and seller will not separate. Both good investment properties. A total of 5 units rented.
  • Utilities:Cable Available: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Dalewood Middle
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: None
  • Stories: 2

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

Exterior Features

  • Lot Features: Sloped
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Roof: Shingle
  • 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: Ceiling, Central
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public
  • Heating:Ceiling: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Hillcrest Elementary
  • High School: Brainerd High
  • Middle Or Junior School: Dalewood Middle

Lot Info

  • Lot Size Sq Ft: 8712.0
  • Parcel #: 128b B 015.02
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 17760.0

Tax Info

  • Tax Annual Amount: 234.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2019
Closed on
Jan 29, 2020
Sold by
Oglesby Edward M and Oglesby Mina R
Bought by
Lawrence Justin
Seller's Agent
Kim Snyder
Greyhaven Realty Management Co
Buyer's Agent
Lorraine Johnson
Education Registration
List Price
$144,900
Sold Price
$136,900
Premium/Discount to List
-$8,000
-5.52%
Current Estimated Value
$268,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,108
Avg. Annual Appreciation
11.52%

Purchase Details

Closed on
May 18, 2011
Sold by
Cornerstone Community Bank
Bought by
Oglesby Edward M and Oglesby Mina R

Purchase Details

Closed on
Oct 5, 2009
Sold by
Dean Construction Llc
Bought by
Cornerstone Community Bank

Purchase Details

Closed on
Jun 9, 2008
Sold by
Dean Ronald H and Dean Sandra B
Bought by
Dean Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2007
Sold by
Dean Donald D
Bought by
Dean Ronald H and Dean Sandra B
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
Lawrence Justin $136,900 Reli Settlement Sln Llc
Oglesby Edward M $84,900 None Available
Cornerstone Community Bank $93,748 None Available
Dean Construction Llc -- Preferred
Dean Ronald H -- First Choice Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dean Construction Llc $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2020 01/31/20 Sold $136,900 -5.5% $63 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
11/07/2019 11/07/19 For Sale $144,900 -- $67 / 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 $1,630 $107,520 $0 $0
2024 $1,208 $54,000 $0 $0
2023 $1,208 $54,000 $0 $0
2022 $1,208 $54,000 $0 $0
2021 $1,208 $54,000 $0 $0
2020 $1,115 $40,320 $0 $0
2019 $1,115 $40,320 $0 $0
2018 $1,045 $40,320 $0 $0
2017 $1,115 $40,320 $0 $0
2016 $1,083 $0 $0 $0
2015 $2,102 $39,160 $0 $0
2014 $2,102 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kim Snyder

    Greyhaven Realty Management Co

  • L

    Buyer's Agent in 2020

    Lorraine Johnson

    Education Registration

  • K

    Buyer's Agent in 2020

    Karen Rhodes

    Berkshire Hathaway HomeServices Realty Center

See All Agents

Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1309273

Greater Chattanooga REALTORS®

APN: 128B-B-015.02

Tennessee Hamilton County Chattanooga 37406 Murray Hills

2740 Forest Rd, Chattanooga, TN

Not Listed for Sale

MultiFamily

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