NOT LISTED FOR SALE

405 Red Oak Dr Chattanooga, TN 37415

Estimated Value: $271,000 - $322,000

Studio
1 Bath
1,456 Sq Ft
$201/Sq Ft Est. Value

Last Sold September 09, 2020

Last sale price $179,000 $123 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,615/month

About This Home

As of September 2020

Check out this fully occupied duplex in the heart of Red Bank! It's only a minute drive to the interstate, parks, and restaurants. This duplex has been completely renovated and even has a newer roof and HVAC units. Both units have 2 bedrooms and 1 bathroom with laundry hookups. Don't miss out on this investment opportunity!

Last Agent to Sell the Property

Nathan Torgerson

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4239029445 License #323740 Listed on: 08/05/2020

Greater Downtown Realty dba Keller Williams Realty

Last Buyer's Agent

Collin Rogers

Greater Chattanooga Realty, Keller Williams Realty License #280855

Greater Chattanooga Realty, Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,705

Year Built

  • Built in 1950

Lot Details

  • 8,712

Home Design

  • Duplex

Interior Spaces

  • 1,456 Sq Ft Home
  • Property has 3 Levels

Schools

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

Additional Features

  • Lot Dimensions are 100 x 180
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $1,545
  • Assessor Parcel Number 108M E 014

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Laurel Hill Ext Subdivision

Building Details

  • Gross Income $18,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,705

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1950
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 1456
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 100 x 180
  • Lot Size Units: Acres
  • Parcel #: 108M E 014
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 18540
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Total Actual Rent: 1545

Tax Info

  • Tax Annual Amount: 1705

MLS Schools

  • Elementary School: Red Bank Elementary School
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2020
Closed on
Sep 9, 2020
Sold by
Staten John T and Staten Maein Elizabeth
Bought by
Lida Hanako
Seller's Agent
Nathan Torgerson
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Collin Rogers
Greater Chattanooga Realty, Keller Williams Realty
List Price
$179,000
Sold Price
$179,000
Current Estimated Value
$293,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,089
Avg. Annual Appreciation
9.65%
Original Mortgage
$134,260
Outstanding Balance
$118,101
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$174,988

Purchase Details

Listed on
Apr 20, 2018
Closed on
Aug 30, 2018
Sold by
Heikkila Clinton E and Heikkila Rebecca
Bought by
Staten John T and Staten Maggin Elizabeth
Buyer's Agent
Nathan Torgerson
Greater Downtown Realty dba Keller Williams Realty
List Price
$120,000
Sold Price
$107,000
Premium/Discount to List
-$13,000
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.85%
Original Mortgage
$80,255
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2006
Sold by
Scott Charles H and Scott Geraldine
Bought by
Heikkila Clinton E and Heikkila Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,400
Interest Rate
8%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lida Hanako $179,900 Chattanooga Ttl East Brainee
Staten John T $107,000 None Available
Heikkila Clinton E $78,000 First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lida Hanako $134,260
Previous Owner Staten John T $80,255
Previous Owner Heikkila Clinton E $62,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2020 09/09/20 Sold $179,000 0.0% $123 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
08/05/2020 08/05/20 For Sale $179,000 +67.3% $123 / Sq Ft
08/31/2018 08/31/18 Sold $107,000 -10.8% $73 / Sq Ft View Prior Sale
07/16/2018 07/16/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $120,000 -- $82 / Sq Ft
Source: Realtracs

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
2025 $982 $64,800 $0 $0
2024 $1,007 $45,000 $0 $0
2023 $1,898 $45,000 $0 $0
2022 $1,551 $45,000 $0 $0
2021 $1,935 $45,000 $0 $0
2020 $1,705 $30,720 $0 $0
2019 $1,705 $30,720 $0 $0
2018 $1,705 $30,720 $0 $0
2017 $1,642 $30,720 $0 $0
2016 $1,636 $0 $0 $0
2015 $1,627 $29,320 $0 $0
2014 $1,627 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2723137

Realtracs

APN: 108M-E-014