NOT LISTED FOR SALE

3318 Martin Rd Chattanooga, TN 37415

Estimated Value: $300,000 - $397,000

-- Bed
2 Baths
2,627 Sq Ft
$133/Sq Ft Est. Value

Last Sold August 13, 2012

Last sale price $120,000 $46 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $1,990/month

25 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Patio
  • Deck
  • Eat-In Kitchen
  • Central Heating and Cooling System

About This Home

As of August 2012

Well maintained large duplex. Duplex offers 2 bedrooms & 1 full bath on both sides, large eat in kitchen and large living room. Each side has its own private deck.Great investment or perfect if you want to live in one and rent out other side to offset mortgage. Duplex sits on a level 1.3 acres.

Last Agent to Sell the Property

Mac Hibbett

Crye-Leike, REALTORS License #321037 Listed on: 07/09/2012

Crye-Leike, REALTORS

Last Buyer's Agent

Mark Hite

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,087

Year Built

  • Built in 1990

Lot Details

  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 2,627 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Basement
  • Crawl Space
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 117D D 004

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Fairlane Subdivision

Building Details

  • Gross Income $12,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,087

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 100X567.8IRR
  • Subdivision Name: Fairlane
  • Directions: Dayton Blvd. to Red Bank, take a left on Martin Rd., take 3rd right to stay on Martin Rd., Home is on the right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 2627.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1990
  • Location Tax and Legal Parcel Number2: 117D D 004
  • 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: 2087.0
  • 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 Dimensions: 100X567.8IRR
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • 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 Washer Dryer Hookups: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Open Floorplan
  • Basement:Crawl Space: 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: Other
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: 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
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • 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

  • Parcel #: 117D D 004

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12480.0

Tax Info

  • Tax Annual Amount: 2087.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2013
Sold by
Pleasant Management Co
Bought by
Olmstead Sheree L and Olmstead Stephen
Current Estimated Value
$348,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,381
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 14, 2013
Sold by
Turner Nancy D and Turner Stephen N
Bought by
Pleasant Management Company

Purchase Details

Listed on
Jul 9, 2012
Closed on
Aug 9, 2012
Sold by
Pleasant Management Co
Bought by
Turner Nancy D and Turner Stephen N
Seller's Agent
Mac Hibbett
Crye-Leike, REALTORS
Buyer's Agent
Mark Hite
Keller Williams Realty
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.43%
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
Olmstead Sheree L $114,000 Realty Title & Escrow Servic
Pleasant Management Company -- Realty Title And Escrow Serv
Turner Nancy D $120,000 Realty Title And Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olmstead Sheree L $109,381
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2012 08/13/12 Sold $120,000 -7.6% $46 / Sq Ft
08/03/2012 08/03/12 Pending -- -- --
07/09/2012 07/09/12 For Sale $129,900 -- $49 / 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 $1,718 $76,800 $0 $0
2023 $3,141 $76,800 $0 $0
2022 $2,612 $76,800 $0 $0
2021 $2,996 $76,800 $0 $0
2020 $2,487 $49,520 $0 $0
2019 $2,487 $49,520 $0 $0
2018 $2,487 $49,520 $0 $0
2017 $2,384 $49,520 $0 $0
2016 $2,404 $0 $0 $0
2015 $2,431 $48,000 $0 $0
2014 $2,431 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1181236

Greater Chattanooga REALTORS®

APN: 117D-D-004