NOT LISTED FOR SALE

3412 Gail Dr Chattanooga, TN 37412

Estimated Value: $282,043 - $445,000

-- Bed
2 Baths
2,054 Sq Ft
$165/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $275,000 $134 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,884/month

92 Days on Market

Highlights

  • Deck
  • Cul-De-Sac
  • Brick Exterior Construction
  • No HOA
  • Eat-In Kitchen
  • Patio

About This Home

As of February 2022

Showings only allowed with accepted offer. Investors, these units are already leased. So, buy and keep collecting. 2 Bedroom, 1 and 1/2 baths, living room, front porch and back patio, dishwasher, carpet, blinds, washer & dryer hookups, and more. These lifelong family-owned rental properties have been in the family since the 60's. Well maintained and in a central location to all the Chattanooga area. Ten minutes from the mall or downtown. Five minutes from Interstates 24/75. All brick construction. Ten units total can be sold as a group, or as a specific group of 4 or 6.

Last Agent to Sell the Property

Grace Edrington

Berkshire Hathaway HomeServices J Douglas Properties License #291147 Listed on: 09/27/2021

Berkshire Hathaway HomeServices J Douglas Properties

Last Buyer's Agent

Ben Van Gaasbeek

RealSmart License #325574

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,243

Year Built

  • Built in 1968

Lot Details

  • 9,583 Sq Ft Lot
  • Cul-De-Sac
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,054 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Parking

  • Garage
  • Parking Accessed On Kitchen Level
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • East Ridge Elementary School
  • East Ridge Middle School
  • East Ridge High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 168c F 018

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $21,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,243

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Lot Size: Lt 18 Gail Hills Pb 25 Pg 40
  • Subdivision Name: None
  • Directions: Starting onto I-75 South towards Chattanooga. Merge onto I-24 W via EXIT 2 toward Chattanooga/Birmingham/I-59. Take EXIT 183A toward Belvoir Ave/Germantown Rd. Merge onto N Terrace. Turn left onto S Germantown Rd. Turn right onto Ringgold Rd/US-76 W/US-41 N/TN-8. Turn left onto S Seminole Dr. Turn right onto Gail Dr. Then the destination is on the left.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 2054.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1968
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 168c F 018
  • Location Tax and Legal Elementary School: East Ridge Elementary
  • Location Tax and Legal High School: East Ridge High
  • Location Tax and Legal:Tax Annual Amount: 2243.27
  • 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: 0.22
  • General Property Information Lot Size Square Feet2: 9583.2
  • General Property Information Lot Size Dimensions: Lt 18 Gail Hills Pb 25 Pg 40
  • 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 Senior Community YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Ridge Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: Yes
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: 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
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Cul-De-Sac, Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • 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
  • Lot Features:Cul-De-Sac: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • 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: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: East Ridge Elementary
  • High School: East Ridge High
  • Middle Or Junior School: East Ridge Middle

Lot Info

  • Lot Size Sq Ft: 9583.2
  • Parcel #: 168c F 018
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 21240.0

Tax Info

  • Tax Annual Amount: 2243.27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Feb 10, 2022
Sold by
Bennett Family Revocable Trust
Bought by
Stoddard Steven Craig and Stoddard Yesenia Melany
Seller's Agent
Grace Edrington
Berkshire Hathaway HomeServices J Douglas Properties
Buyer's Agent
Ben Van Gaasbeek
RealSmart
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$338,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,261
Avg. Annual Appreciation
5.74%
Original Mortgage
$206,250
Outstanding Balance
$191,519
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$146,742

Purchase Details

Closed on
Apr 20, 2020
Sold by
Bennett Anthony Blake and Bennett Lisa Parks
Bought by
Bennett Anthony Blake and Bennett Lisa Parks

Purchase Details

Closed on
Oct 20, 2016
Sold by
Bennett Lisa Parks and Swords Lara
Bought by
Bennett Lisa Parks

Purchase Details

Closed on
Jun 3, 2013
Sold by
Parks Betty W
Bought by
Parks Betty W and Betty W Parks Revocable Living Trust
Source: Public Records

Range of Values:

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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
Stoddard Steven Craig $275,000 Key Title
Bennett Anthony Blake -- None Available
Bennett Lisa Parks -- None Available
Parks Betty W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stoddard Steven Craig $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $275,000 0.0% $134 / Sq Ft
12/28/2021 12/28/21 Pending -- -- --
09/27/2021 09/27/21 For Sale $275,000 -- $134 / 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 $1,316 $58,800 $0 $0
2023 $2,069 $58,800 $0 $0
2022 $2,069 $58,800 $0 $0
2021 $2,369 $58,800 $0 $0
2020 $2,243 $46,920 $0 $0
2019 $2,243 $46,920 $0 $0
2018 $2,243 $46,920 $0 $0
2017 $2,243 $46,920 $0 $0
2016 $2,023 $0 $0 $0
2015 $2,023 $40,720 $0 $0
2014 $2,023 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1341722

Greater Chattanooga REALTORS®

APN: 168C-F-010