NOT LISTED FOR SALE

3628 Lamar Ave Chattanooga, TN 37415

Estimated Value: $242,818 - $395,000

-- Bed
2 Baths
1,945 Sq Ft
$166/Sq Ft Est. Value

Last Sold March 09, 2016

Last sale price $126,000 $65 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $1,865/month

3 Days on Market

Highlights

  • No HOA
  • Eat-In Kitchen
  • Living Room
  • Efficiency Studio
  • Brick Exterior Construction
  • Central Heating and Cooling System

About This Home

As of March 2016

Here is an opportunity to have investment with tenants in place. There are 3 units all together. The basement efficiency is where the property manager lives. The 2 upstairs units each have 2 bedrooms and 1 bath. One unit has the washer/dryer connections in the kitchen, the other one shares the laundry room with the efficiency unit.

Last Agent to Sell the Property

Vicki Trapp

Crye-Leike, REALTORS License #229351 Listed on: 02/09/2016

Crye-Leike, REALTORS

Last Buyer's Agent

Ryan Beagles

Crye-Leike, REALTORS License #333035

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 160x105
  • Flag Lot
  • Gentle Sloping Lot

Home Design

  • Triplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,945 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Efficiency Studio
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Parking

  • Garage
  • Basement Garage

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 109p B 007.03

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,064

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size: 160X105
  • Subdivision Name: None
  • Directions: Take 27N to the Morrison Spring Exit, when you come off the exit turn right then immediately turn right again, house is on a flag lot
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 1945.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1966
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 109p B 007.03
  • 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: 2064.22
  • 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: 160X105
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: 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: 3.0
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 3 Living Room5: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Flag Lot, Gentle Sloping
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Flag Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Basement
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • Parking Features:Basement: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • 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 #: 109p B 007.03

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 16800.0

Tax Info

  • Tax Annual Amount: 2064.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2016
Closed on
Mar 9, 2016
Sold by
Roybal Kathy
Bought by
Mccants Harrison R and Mccants Brooke C
Seller's Agent
Vicki Trapp
Crye-Leike, REALTORS
Buyer's Agent
Ryan Beagles
Crye-Leike, REALTORS
List Price
$129,900
Sold Price
$126,000
Premium/Discount to List
-$3,900
-3%
Current Estimated Value
$323,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,205
Avg. Annual Appreciation
9.98%
Original Mortgage
$107,100
Outstanding Balance
$86,109
Interest Rate
3.72%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$224,358

Purchase Details

Closed on
Jul 13, 2007
Sold by
U S Bank Na
Bought by
Roybal Kathy

Purchase Details

Closed on
Aug 25, 2006
Sold by
Crouch Marion L
Bought by
U S Bank Na and Structured Asset Investment Loan Trust 2

Purchase Details

Closed on
Jun 16, 2005
Sold by
Bhalla Anu M
Bought by
Crouch Marion L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,750
Interest Rate
8.4%
Mortgage Type
Fannie Mae Freddie Mac
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
Mccants Harrison R $126,000 Jones Raulston Title Ins Age
Roybal Kathy $64,000 None Available
U S Bank Na $85,000 None Available
Crouch Marion L $115,000 Century Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccants Harrison R $107,100
Previous Owner Crouch Marion L $97,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2016 03/09/16 Sold $126,000 -3.0% $65 / Sq Ft
02/12/2016 02/12/16 Pending -- -- --
02/09/2016 02/09/16 For Sale $129,900 -- $67 / 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 $1,278 $57,120 $0 $0
2023 $2,372 $57,120 $0 $0
2022 $1,955 $57,120 $0 $0
2021 $2,339 $57,120 $0 $0
2020 $2,111 $40,480 $0 $0
2019 $2,111 $40,480 $0 $0
2018 $2,111 $40,480 $0 $0
2017 $2,027 $40,480 $0 $0
2016 $2,037 $0 $0 $0
2015 $2,064 $39,080 $0 $0
2014 $2,064 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2016

    Vicki Trapp

    Crye-Leike, REALTORS

    (423) 240-2041

    3 in this area

    83 Total Sales

    Vicki Trapp
    Section Image

  • R

    Buyer's Agent in 2016

    Ryan Beagles

    Crye-Leike, REALTORS

    Section Image
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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1240858

Greater Chattanooga REALTORS®

APN: 109P-B-007.03

Tennessee Hamilton County Chattanooga 37415

3628 Lamar Ave, Chattanooga, TN

This home is located at 3628 Lamar Ave, Chattanooga, TN 37415 since 09 February 2016 and is currently estimated at $323,205, approximately $166 per square foot. This property was built in 1966. 3628 Lamar Ave is a home located in Hamilton County with nearby schools including Red Bank Elementary School, Red Bank Middle School, and Red Bank High School.

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