NOT LISTED FOR SALE

3716 Fountain Ave Chattanooga, TN 37412

Estimated Value: $181,621 - $343,000

-- Bed
2 Baths
1,529 Sq Ft
$175/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $101,000 $66 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $1,447/month

2 Days on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • Patio
  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Living Room

About This Home

As of December 2019

Back on Market. Financing fell through. Great investment property located in desirable East Ridge. Solid tenant with good rental history so this will be a great property to add to your portfolio!! Updated in the recent past so this is a true turn key investment that won't last long so make your offer today!! 1 bedroom unit vacant.

Last Agent to Sell the Property

Cole Land

1 Percent Lists Scenic City License #325431 Listed on: 09/11/2019

Last Buyer's Agent

Ben Van Gaasbeek

RealSmart License #325574

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,760

Year Built

  • Built in 1969

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Stone

Interior Spaces

  • 1,529 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 157p F005

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Indian Woods Addn Subdivision

Building Details

  • Gross Income $7,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,760

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Lot Size: 75x162 IRR
  • Subdivision Name: Indian Woods Addn
  • Directions: NORTH ON GERMANTOWN ROAD FROM RINGGOLD ROAD. FOUNTAIN AVENUE IS 1/4 MILE ON RIGHT.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1529.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1969
  • Cooling:Electric: Yes
  • Owner Pays:Sewer2: Yes
  • Location Tax and Legal Parcel Number2: 157p F005
  • 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: 1760.0
  • 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 Acres: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Lot Size Dimensions: 75x162 IRR
  • 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
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Ridge Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Cooling:Window Unit(s): 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
  • Owner Pays:Water3: Yes
  • Cooling Wall Unit(s): Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Owner Pays: Sewer, Water
  • 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: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stone, 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
  • Construction Materials:Stone: 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: Electric, Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Electric3: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Community Features: None
  • 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: 10890.0
  • Parcel #: 157p F005
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 7500.0

Tax Info

  • Tax Annual Amount: 1760.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2019
Closed on
Nov 6, 2019
Sold by
Colston Ricky Dean
Bought by
Stoddard Brittney Coryn
Seller's Agent
Cole Land
1 Percent Lists Scenic City
Buyer's Agent
Ben Van Gaasbeek
RealSmart
List Price
$119,900
Sold Price
$101,000
Premium/Discount to List
-$18,900
-15.76%
Current Estimated Value
$267,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,405
Avg. Annual Appreciation
17.94%
Original Mortgage
$155,612
Outstanding Balance
$137,305
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$130,100

Purchase Details

Listed on
Oct 15, 2016
Closed on
Dec 15, 2016
Sold by
Wilson Brenda J
Bought by
Colston Ricky Dean
Seller's Agent
Jerry Petty
Chattanooga Real Estate Co
Buyer's Agent
Mark Hite
Keller Williams Realty
List Price
$64,900
Sold Price
$69,000
Premium/Discount to List
$4,100
6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.64%
Original Mortgage
$51,750
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2014
Sold by
Jones Kimberly W and Whitaker Angela D
Bought by
Wilson Brenda J

Purchase Details

Closed on
Aug 18, 2013
Sold by
Jones Kimberly W and Whitaker Angela D
Bought by
Jones Kimberly W and Whitaker Angela D

Purchase Details

Closed on
Jul 6, 2006
Sold by
Phillips Harry J
Bought by
Wilson James T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,250
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2005
Sold by
Tomisek Thomas N and Tomisek Wilma H
Bought by
Phillips Harry J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,214
Interest Rate
5.57%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 1, 2000
Sold by
Carden Gene H
Bought by
Tomisek Thomas N and Tomisek Wilma H
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 Brittney Coryn $101,000 Multiple
Colston Ricky Dean $69,000 First Title
Wilson Brenda J -- None Available
Jones Kimberly W -- None Available
Wilson James T $87,000 None Available
Phillips Harry J $72,000 Century Title & Escrow Inc
Tomisek Thomas N $63,500 Title Escrow Of Chattanooga
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stoddard Brittney Coryn $155,612
Previous Owner Colston Ricky Dean $51,750
Previous Owner Wilson James T $65,250
Previous Owner Phillips Harry J $67,214
Closed Phillips Harry J $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2019 12/06/19 Sold $101,000 -15.8% $66 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $119,900 +73.8% $78 / Sq Ft
12/15/2016 12/15/16 Sold $69,000 +6.3% $45 / Sq Ft View Prior Sale
10/15/2016 10/15/16 For Sale $64,900 -- $42 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
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 $564 $25,200 $0 $0
2023 $897 $25,200 $0 $0
2022 $897 $25,200 $0 $0
2021 $1,197 $25,200 $0 $0
2020 $1,220 $35,160 $0 $0
2019 $1,761 $35,160 $0 $0
2018 $1,761 $35,160 $0 $0
2017 $1,761 $35,160 $0 $0
2016 $1,581 $0 $0 $0
2015 $1,581 $30,160 $0 $0
2014 $1,581 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1304650

Greater Chattanooga REALTORS®

APN: 157P-F-005