NOT LISTED FOR SALE

401 Elm Ave Jasper, TN 37347

Estimated Value: $309,274 - $330,000

-- Bed
4 Baths
3,480 Sq Ft
$92/Sq Ft Est. Value

Last Sold February 07, 2024

Last sale price $290,000 $83 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,789/month

38 Days on Market

Highlights

  • Deck
  • Brick Exterior Construction
  • Living Room
  • No HOA
  • Patio
  • Central Heating and Cooling System

About This Home

As of February 2024

This incredible quadplex, located in the heart of Jasper, Tennessee, offers an exceptional investment opportunity for savvy real estate investors. With each unit boasting 870 square feet of comfortable living space, this property provides the perfect combination of size and convenience.

Nestled in the middle of Jasper, this quadplex enjoys easy access to local amenities, schools, shopping, and dining options. It's an ideal location for tenants seeking the convenience of city living with a touch of small-town charm. Each unit is 2 bedrooms and 1 full bath.

Last Agent to Sell the Property

Laura Allen

Century 21 Cumberland Realty License #328125 Listed on: 01/08/2024

Last Buyer's Agent

Laura Allen

Century 21 Cumberland Realty License #328125 Listed on: 01/08/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,103

Year Built

  • Built in 1992

Lot Details

  • 9,300 Sq Ft Lot
  • Lot Dimensions are 93x100
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 3,480 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Stove
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Schools

  • Jasper Elementary School
  • Jasper Middle School
  • Marion County High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 108l B 052.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $7,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,103

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Lot Size: 93X100
  • Subdivision Name: None
  • Directions: From Jasper, Take Betsy Pack, left on 4th Street, Located on corner of 4th and Elm.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 3480.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1992
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 108l B 052.00
  • Location Tax and Legal Elementary School: Jasper Elementary
  • Location Tax and Legal High School: Marion County High
  • Location Tax and Legal:Tax Annual Amount: 2102.82
  • 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: 9300.0
  • General Property Information Lot Size Dimensions: 93X100
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • 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
  • Foundation Details Slab: Yes
  • Location Tax and Legal Middle or Junior School: Jasper Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Living Room3: Yes
  • 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
  • Unit 4 Washer Dryer Hookups4: Yes
  • Unit 4 Living Room6: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio
  • Roof: Metal
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • ConstructionSiding:Roof Metal: 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, 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: Jasper Elementary
  • High School: Marion County High
  • Middle Or Junior School: Jasper Middle

Lot Info

  • Lot Size Sq Ft: 9300.0
  • Parcel #: 108l B 052.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, Electricity, Gas, Sewer, Water
  • Tenant Pays:Sewer3: Yes

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 7800.0

Tax Info

  • Tax Annual Amount: 2102.82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2024
Sold by
Kennesaw Home Buyers Llc
Bought by
Kba Jasper Llc
Current Estimated Value
$312,957

Purchase Details

Listed on
Jan 8, 2024
Closed on
Feb 7, 2024
Sold by
Berry Joshua and Berry Tamara
Bought by
Kennesaw Home Buyers Llc
Seller's Agent
Laura Allen
Century 21 Cumberland Realty
Buyer's Agent
Laura Allen
Century 21 Cumberland Realty
List Price
$315,000
Sold Price
$290,000
Premium/Discount to List
-$25,000
-7.94%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%
Original Mortgage
$232,500
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2021
Sold by
Devore Douglas E
Bought by
Berry Josua and Berry Tamara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 5, 2020
Closed on
Jan 21, 2021
Sold by
Gladden Lisa D
Bought by
Devore Douglas E and Devore Family Partnership
Seller's Agent
Joey Winslett
Better Homes and Gardens Real Estate Signature Brokers
Buyer's Agent
Joey Winslett
Better Homes and Gardens Real Estate Signature Brokers
List Price
$279,900
Sold Price
$210,000
Premium/Discount to List
-$69,900
-24.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%

Purchase Details

Closed on
Apr 27, 2016
Sold by
Thomas Barbara
Bought by
Gladden Lisa D

Purchase Details

Closed on
Sep 11, 1998
Bought by
Thomas Barbara

Purchase Details

Closed on
Jun 28, 1990
Bought by
Thomas Joe D
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
Kba Jasper Llc $300,000 Rudy Ttle
Kennesaw Home Buyers Llc $290,000 None Listed On Document
Berry Josua $260,000 Reliance Title Agency Inc
Devore Douglas E $210,000 None Available
Gladden Lisa D -- --
Thomas Barbara $5,000 --
Thomas Joe D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kennesaw Home Buyers Llc $232,500
Previous Owner Berry Josua $234,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2024 02/07/24 Sold $290,000 -7.9% $83 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
01/08/2024 01/08/24 Price Changed $315,000 0.0% $91 / Sq Ft
01/08/2024 01/08/24 For Sale $315,000 -9.7% $91 / Sq Ft
12/17/2023 12/17/23 Off Market $349,000 -- --
12/02/2023 12/02/23 For Sale $349,000 +66.2% $100 / Sq Ft
01/21/2021 01/21/21 Sold $210,000 -25.0% $60 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
12/05/2020 12/05/20 For Sale $279,900 -- $80 / 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 $719 $99,040 $5,520 $93,520
2023 $719 $99,040 $0 $0
2022 $2,102 $99,040 $5,520 $93,520
2021 $2,102 $99,040 $5,520 $93,520
2020 $1,818 $99,040 $5,520 $93,520
2019 $1,818 $70,360 $4,800 $65,560
2018 $1,818 $70,360 $4,800 $65,560
2017 $1,818 $70,360 $4,800 $65,560
2016 $1,807 $70,360 $0 $0
2015 $1,792 $70,360 $0 $0
2014 $1,792 $72,584 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1383600

Greater Chattanooga REALTORS®

APN: 108L-B-052.00