404 Thompson St Chattanooga, TN 37405
North Chattanooga NeighborhoodEstimated Value: $254,000 - $517,000
Highlights
- No HOA
- Cooling Available
- Central Heating
About This Home
As of December 2022Investor special in highly coveted North Chattanooga! It was discovered that this property has significant structural issues that require either the property to be raised up and a new foundation built underneath, or the property to be torn down and rebuilt. This duplex is just a short walk to Tremont Street, Coolidge Park and all that Northshore has to offer, and brand new duplexes are currently being built right next door! If a buyer decides to tear down the property, most of the following updates can be salvaged to offset demolition cost: NEW roof, two NEW HVAC units, multiple NEW windows, two NEW water heaters, NEW washer and dryer in both units, NEW LVP flooring throughout both units, NEW kitchen and baths (cabinetry, fixtures, shelving, appliances, countertops, etc), NEW doors and all new interior paint. This property is zoned R2, and estimated gross monthly rent of $3,000-$3,500 help make this an excellent short-term or long-term investment. Schedule your private tour today before it's too late!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,735
Year Built
- Built in 1930
Lot Details
- Lot Dimensions are 50x183
Home Design
- Duplex
Interior Spaces
- 2,400 Sq Ft Home
- Property has 3 Levels
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Schools
- Normal Park Museum Magnet Elementary And Middle School
- Red Bank High School
Utilities
- Cooling Available
- Central Heating
Community Details
- No Home Owners Association
- 2 Units
- North Side Land Amended Subdivision
Listing and Financial Details
- Assessor Parcel Number 135E J 009
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kammer Holdings Llc | $200,000 | Key Title | |
| Fisher Ann Geralyn | $145,000 | Key Title & Escrow Llc | |
| Roger & Jo Ann Coe Family Trust | -- | None Available | |
| Henry Coe Roger | $2,000 | -- | |
| Timothy Madaris | -- | -- |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/22/2022 12/22/22 | Sold | $200,000 | -42.8% | $83 / Sq Ft |
| 11/29/2022 11/29/22 | Pending | -- | -- | -- |
| 10/28/2022 10/28/22 | For Sale | $349,900 | -- | $146 / Sq Ft |
Tax History Compared to Growth
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 | $2,361 | $105,520 | $0 | $0 |
| 2023 | $2,361 | $105,520 | $0 | $0 |
| 2022 | $2,361 | $105,520 | $0 | $0 |
| 2021 | $2,361 | $105,520 | $0 | $0 |
| 2020 | $2,056 | $74,360 | $0 | $0 |
| 2019 | $2,056 | $74,360 | $0 | $0 |
| 2018 | $1,820 | $74,360 | $0 | $0 |
| 2017 | $2,056 | $74,360 | $0 | $0 |
| 2016 | $1,112 | $0 | $0 | $0 |
| 2015 | $2,155 | $40,200 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Map
Source: Realtracs
MLS Number: 2716278
APN: 135E-J-009
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