NOT LISTED FOR SALE

3603 Bennett Rd Chattanooga, TN 37412

Estimated Value: $261,000 - $336,000

Studio
2 Baths
2,160 Sq Ft
$136/Sq Ft Est. Value

Last Sold March 01, 2018

Last sale price $103,000 $48 Per Sq Ft

Est. 186% increase in value since last sale

Current estimated payment $1,669/month

Highlights

  • 0.5 Acre Lot
  • No HOA
  • Living Room
  • Private Yard
  • Brick Exterior Construction
  • Central Heating and Cooling System

About This Home

As of March 2018

Partial brick rental duplex located in East Ridge. Each unit features 2 bedrooms and 1.5 baths in 1080 sq feet. The duplex has a flat yard and is in the back of a flag lot with wooded area behind, allowing for privacy from the road. With a combined gross rent of $1150 per month this is a great revenue producing investment.

Last Agent to Sell the Property

Jamie Glenn

Berkshire Hathaway HomeServices Realty Center License #340656 Listed on: 12/06/2017

Last Buyer's Agent

Ashley Burns

Berkshire Hathaway HomeServices Realty Center

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,283

Year Built

  • Built in 1986

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 15x200
  • Level Lot
  • Flag Lot
  • Private Yard

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

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

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 168e B 041.01

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Bennett Subdivision

Building Details

  • Gross Income $7,140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,283

Year Built

Built in 1986

Lot Details

0.5 Acres

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.5
  • Lot Size: 15X200
  • Subdivision Name: Bennett
  • Directions: From I-24 go to South Seminole Drive. Take a right on Bennett. Unit located on the left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 2160.0
  • New Construction: No
  • Year Built: 1986
  • Location Tax and Legal Parcel Number2: 168e B 041.01
  • 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: 2282.96
  • 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: 0.5
  • General Property Information Lot Size Square Feet2: 21780.0
  • General Property Information Lot Size Dimensions: 15X200
  • 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: Partial brick rental duplex located in East Ridge. Each unit features 2 bedrooms and 1.5 baths in 1080 sq feet. The duplex has a flat yard and is in the back of a flag lot with wooded area behind, allowing for privacy from the road. With a combined gross rent of $1150 per month this is a great revenue producing investment.
  • 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: East Ridge Middle
  • 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
  • Special Features: None

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Basement:Crawl Space: Yes

Exterior Features

  • Lot Features: Flag Lot, Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Features: Private Yard
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Private Yard: Yes
  • Lot Features:Flag Lot: 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
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • 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: 21780.0
  • Parcel #: 168e B 041.01
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 7140.0

Tax Info

  • Tax Annual Amount: 2282.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2020
Sold by
Tennessee Housing Development Agency
Bought by
Hall Ronnetta and Hall Quincy
Current Estimated Value
$294,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,023
Outstanding Balance
$70,094
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$224,549

Purchase Details

Closed on
Nov 7, 2019
Sold by
Avery Maria A
Bought by
Tennessee Housing Development Agency

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,023
Outstanding Balance
$70,094
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$224,549

Purchase Details

Listed on
Dec 6, 2017
Closed on
Mar 1, 2018
Sold by
Wildcat Properties Two Llc
Bought by
Avery Maria A
Seller's Agent
Jamie Glenn
Berkshire Hathaway HomeServices Realty Center
Buyer's Agent
Ashley Burns
Berkshire Hathaway HomeServices Realty Center
List Price
$100,000
Sold Price
$103,000
Premium/Discount to List
$3,000
3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%
Original Mortgage
$91,575
Interest Rate
4.04%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 19, 2016
Sold by
Droke Patrick W
Bought by
Wildcat Propedrtiis Llc

Purchase Details

Closed on
Mar 18, 2004
Sold by
Petree Adelene R and Petree Gregory Shawn
Bought by
Droke Patrick W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,200
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2000
Sold by
Northgate Title Escrow Inc
Bought by
Johnson Adelene R and Petree Gregory Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,800
Interest Rate
8.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 1998
Sold by
Earl Hudgens Robert and Earl Stephen D
Bought by
Jenkins James P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,200
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hall Ronnetta $81,500 Cumberland Ttl & Guaranty Co
Tennessee Housing Development Agency $100,952 None Available
Avery Maria A $103,000 None Available
Wildcat Propedrtiis Llc $225,000 None Available
Droke Patrick W $114,000 Insured Title Agency Inc
Johnson Adelene R -- Northgate Title Escrow Inc
Northgate Title Escrow Inc -- Northgate Title Escrow Inc
Johnson Adelene R $81,000 Northgate Title Escrow Inc
Jenkins James P $86,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Ronnetta $80,023
Previous Owner Avery Maria A $91,575
Previous Owner Droke Patrick W $91,200
Previous Owner Johnson Adelene R $64,800
Previous Owner Jenkins James P $71,200
Closed Johnson Adelene R $16,200
Closed Droke Patrick W $22,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2018 03/01/18 Sold $103,000 +3.0% $48 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
12/06/2017 12/06/17 For Sale $100,000 -- $46 / 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 $1,316 $58,800 $0 $0
2023 $2,069 $58,800 $0 $0
2022 $2,069 $58,800 $0 $0
2021 $2,249 $58,800 $0 $0
2020 $2,123 $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 $2,283 $0 $0 $0
2015 $2,283 $46,920 $0 $0
2014 $2,283 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1273918

Greater Chattanooga REALTORS®

APN: 168E-B-041.01

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