NOT LISTED FOR SALE

2742 Forest Rd Chattanooga, TN 37406

Murray Hills Neighborhood

Estimated Value: $255,000 - $397,000

-- Bed
2 Baths
2,240 Sq Ft
$140/Sq Ft Est. Value

Last Sold January 31, 2020

Last sale price $165,000 $74 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $1,830/month

62 Days on Market

Highlights

  • 0.77 Acre Lot
  • Eat-In Kitchen
  • Living Room
  • No HOA
  • Brick Exterior Construction
  • Central Heating and Cooling System

About This Home

As of January 2020

Nice brick duplex with 3 rental units totally occupied. Good income producing property with a GMI of $1,875 per month. This property is being sold in a package with Another duplex next door 2740 Forest Rd. Which is also listed and being Sold ''As Is''.

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

  • $2,544

Year Built

  • Built in 1969

Lot Details

  • 0.77 Acre Lot
  • Lot Dimensions are 200x 203.42
  • Sloped Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,240 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Finished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • Garage
  • 1 Carport Space
  • Basement Garage
  • Off-Street Parking

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

  • The owner pays for sewer, water
  • Assessor Parcel Number 128b B B015.01

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Kings Point Subdivision

Building Details

  • Gross Income $22,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,544

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.77
  • Lot Size: 200x 203.42
  • Subdivision Name: Kings Point
  • Directions: North on Hwy 153 take Amnicola exit, turn left off exit. Go over interstate at red light turn left onto S Access Rd. Right on Harrison Pike. Straight into Kings Point onto Forest Rd.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 2240.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1969
  • Cooling:Electric: Yes
  • Owner Pays:Sewer2: Yes
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 128b B B015.01
  • Location Tax and Legal Elementary School: Hillcrest Elementary
  • Location Tax and Legal High School: Brainerd High
  • Location Tax and Legal:Tax Annual Amount: 2544.0
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: Yes
  • General Property Information Lot Size Acres: 0.77
  • General Property Information Lot Size Square Feet2: 33541.2
  • General Property Information Lot Size Dimensions: 200x 203.42
  • 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 Carport Spaces2: 1.0
  • Utilities:Cable Available: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Dalewood Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • General Property Information Number Of Units Total2: 3.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 3 Living Room5: Yes
  • Owner Pays:Water3: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Finished, Full, Partial
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Basement:Partial: Yes
  • Full Basement: Yes
  • Interior Features:Eat-in Kitchen: Yes

Exterior Features

  • Lot Features: Sloped
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Sloped: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.0
  • Parking Features: Basement, Off Street
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes
  • Parking Features:Basement: 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: 33541.2
  • Parcel #: 128b B B015.01
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, Electricity, Sewer, Water
  • Tenant Pays:Sewer3: Yes

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 22500.0

Tax Info

  • Tax Annual Amount: 2544.0

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
$174,900
Sold Price
$165,000
Premium/Discount to List
-$9,900
-5.66%
Current Estimated Value
$314,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,113
Avg. Annual Appreciation
10.75%

Purchase Details

Closed on
Sep 7, 2010
Sold by
Oglesby Edward M and Oglesby Mina R
Bought by
Oglesby Edward M and Oglesby Mina R

Purchase Details

Closed on
Jan 10, 2002
Sold by
Winfrey Mary P Mckay and Mckay Mary P
Bought by
Oglesby Edward M and Oglesby Mina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
6.99%
Mortgage Type
Seller Take Back
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
Lawrence Justin $165,000 None Available
Oglesby Edward M -- None Available
Oglesby Edward M $123,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oglesby Edward M $93,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $165,000 -5.7% $74 / Sq Ft
01/08/2020 01/08/20 Pending -- -- --
11/07/2019 11/07/19 For Sale $174,900 -- $78 / 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 $1,414 $63,200 $0 $0
2023 $1,414 $63,200 $0 $0
2022 $1,414 $63,200 $0 $0
2021 $1,414 $63,200 $0 $0
2020 $1,395 $50,440 $0 $0
2019 $1,395 $50,440 $0 $0
2018 $1,275 $50,440 $0 $0
2017 $1,395 $50,440 $0 $0
2016 $1,395 $0 $0 $0
2015 $2,675 $50,440 $0 $0
2014 $2,675 $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: 1309277

Greater Chattanooga REALTORS®

APN: 128B-B-015.01

Tennessee Hamilton County Chattanooga 37406 Murray Hills

2742 Forest Rd, Chattanooga, TN

This home is located at 2742 Forest Rd, Chattanooga, TN 37406 since 07 November 2019 and is currently estimated at $314,113, approximately $140 per square foot. This property was built in 1969. 2742 Forest Rd is a home located in Hamilton County with nearby schools including Harrison Elementary School, Dalewood Middle School, and Brainerd High School.

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