NOT LISTED FOR SALE

Estimated Value: $279,000 - $516,000

-- Bed
4 Baths
1,623 Sq Ft
$237/Sq Ft Est. Value

Last Sold January 10, 2018

Last sale price $130,000 $80 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $2,409/month

73 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Brick Exterior Construction
  • Deck
  • Eat-In Kitchen
  • 2-minute walk to Lincoln Park

About This Home

As of January 2018

Excellent income producing opportunity. Fully renovated and furnished duplex close to UTC, Erlanger, and other downtown destinations. Updates include HVAC, electrical, roofing, windows, all bathrooms, security system, fresh interior/exterior paint, energy efficient LED lighting, kitchen and flooring updates. Both units currently leased at $1125 per unit. Gross income of $27,000 per year. Don't miss this investment opportunity.

Last Agent to Sell the Property

Chas Clements

The James Company Real Estate Brokers & Development License #316241 Listed on: 10/02/2017

Last Buyer's Agent

Shane Wilson

RE/MAX Select Realty License #259576

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $974

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 82x130.6
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Stucco
  • Stone

Interior Spaces

  • 1,623 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

  • Brown Elementary School
  • Orchard Knob Middle School
  • Howard School Of Academics & Tech High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 136o B 029

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Chandlers Subdivision

Recreation

  • Community Playground

Building Details

  • Gross Income $27,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$974

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 82X130.6
  • Subdivision Name: Chandlers
  • Directions: Take 3rd St past Erlanger, left on Central Ave., right on Cleveland Ave, left on Maude, Property on left
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 1623.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1920
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 136o B 029
  • Location Tax and Legal Elementary School: Brown Elementary
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 974.25
  • 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 Dimensions: 82X130.6
  • 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
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Orchard Knob Middle
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: 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, Open Floorplan
  • Basement:Crawl Space: Yes
  • Community Features:Playground: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Stone, Stucco
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Stone: Yes
  • Construction Materials:Stucco: 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: Playground
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Brown Elementary
  • High School: Howard School of Academics & Tech
  • Middle Or Junior School: Orchard Knob Middle

Lot Info

  • Parcel #: 136o B 029

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 27000.0

Tax Info

  • Tax Annual Amount: 974.25

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2022
Sold by
Ellis Joshua I
Bought by
Ellis Property Brothers Llc
Current Estimated Value
$416,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,231,750
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2018
Sold by
Azzouz Rami
Bought by
Ellis Josh

Purchase Details

Listed on
Oct 2, 2017
Closed on
Jan 10, 2018
Sold by
Anand Cathy
Bought by
Azzouz Rami
Seller's Agent
Chas Clements
The James Company Real Estate Brokers & Development
Buyer's Agent
Shane Wilson
RE/MAX Select Realty
List Price
$149,000
Sold Price
$130,000
Premium/Discount to List
-$19,000
-12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.05%

Purchase Details

Listed on
Nov 16, 2016
Closed on
Dec 19, 2016
Sold by
Fannie Mae
Bought by
Anand Cathy
Seller's Agent
Jennifer Stafford
Blue Key Properties LLC
Buyer's Agent
Karen Sharp
Fletcher Bright Realty
List Price
$25,000
Sold Price
$30,777
Premium/Discount to List
$5,777
23.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
289.31%

Purchase Details

Closed on
Dec 11, 2014
Sold by
Corbin Emma L and Onewest Bank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 4, 2007
Sold by
Corbin Emma L and Hughley Glenda Ann
Bought by
Corbin Emma L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,450
Interest Rate
5.95%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Nov 14, 2002
Sold by
Parris Maxfield and Parris Catherine
Bought by
Hill Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,100
Interest Rate
5.98%
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
Ellis Property Brothers Llc -- Magnolia Title And Escrow, Inc
Ellis Josh $185,000 Tennessee Title Services Llc
Azzouz Rami $130,000 None Available
Anand Cathy $30,777 Us Title
Federal National Mortgage Association $55,000 None Available
Corbin Emma L -- None Available
Hill Jennifer $78,000 Century Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellis Property Brothers Llc $1,231,750
Previous Owner Corbin Emma L $99,450
Previous Owner Hill Jennifer $74,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2018 01/10/18 Sold $130,000 -12.8% $80 / Sq Ft
12/14/2017 12/14/17 Pending -- -- --
10/02/2017 10/02/17 For Sale $149,000 +384.1% $92 / Sq Ft
12/19/2016 12/19/16 Sold $30,777 +23.1% $16 / Sq Ft
11/29/2016 11/29/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $25,000 -- $13 / 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 $1,536 $68,640 $0 $0
2023 $1,536 $68,640 $0 $0
2022 $1,536 $68,640 $0 $0
2021 $1,536 $68,640 $0 $0
2020 $1,461 $52,840 $0 $0
2019 $1,461 $52,840 $0 $0
2018 $1,330 $52,840 $0 $0
2017 $531 $19,200 $0 $0
2016 $531 $0 $0 $0
2015 $1,089 $19,200 $0 $0
2014 $724 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1271080

Greater Chattanooga REALTORS®

APN: 136O-B-029