NOT LISTED FOR SALE

Estimated Value: $212,000 - $285,000

-- Bed
2 Baths
1,995 Sq Ft
$121/Sq Ft Est. Value

Last Sold July 22, 2016

Last sale price $82,700 $41 Per Sq Ft

Est. 192% increase in value since last sale

Current estimated payment $1,409/month

53 Days on Market

Highlights

  • Deck
  • No HOA
  • Brick Exterior Construction
  • Wooded Lot
  • Eat-In Kitchen
  • Patio

About This Home

As of July 2016

Be sure to check out the return on investment from this duplex near the lake with $1200 in gross monthly income. Both sides are the same floor plan with a living room, eat-in kitchen, laundry room, two bedrooms, coat closet and a full bathroom. You can access the private back yard through the separate laundry room. Both units have been renovated with a good clean-up, new flooring, new inside paint, and other details. Once the renovations were completed both sides quickly rented. The right side is leased until September 2016 while the left side is leased until March 2017. The photos on the MLS are from the right unit that has been renovated. We have photos available of the left side upon request. Please do not disturb the tenants! The seller has owned this unit for over 10 years and said that it has never taken more than a few days to rent to unit with only a small sign in the window. Although the seller has accepted section 8 vouchers in the past, he does not currently participate in the section 8 program. Don't miss checking us out if you are in the market for a great duplex just a couple of minutes from Highway 153 and just about anywhere in Chattanooga. (The seller would also consider a lower sales price instead of the renovation if the duplex is purchased prior to the commencement of the work.)

Last Agent to Sell the Property

Andy Hodes

Zach Taylor - Chattanooga License #280586 Listed on: 02/04/2016

Zach Taylor - Chattanooga

Last Buyer's Agent

Wendy Dixon

Dixon Team Keller Williams

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,092

Year Built

  • Built in 1968

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 90 x 115
  • Level Lot
  • Wooded Lot

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 1,995 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Storage
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

  • Harrison Elementary School
  • Brown Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 120o H 009

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Harbor Place Subdivision

Building Details

  • Gross Income $14,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,092

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 90 x 115
  • Subdivision Name: Harbor Place
  • Directions: From Highway 153 take Highway 58 North (toward Decatur) approximately 0.9 miles and turn left at the light onto Webb Road. Take Webb Road about 0.6 miles and make a slight right at the fork to stay on Webb Road. After traveling another 0.3 miles from the fork turn Right onto Arbor Place Lane and look for 4064 & 4066 on the Left. NO SIGN. BOTH SIDES ARE RENTED, PLEASE DO NOT DISTURB THE TENANTS.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1995.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1968
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 120o H 009
  • Location Tax and Legal Elementary School: Harrison Elementary
  • Location Tax and Legal High School: Central High School
  • Location Tax and Legal:Tax Annual Amount: 1092.22
  • 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 Acres: 0.23
  • General Property Information Lot Size Square Feet2: 10018.8
  • General Property Information Lot Size Dimensions: 90 x 115
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Brown Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • 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
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Storage
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Storage2: Yes

Exterior Features

  • Lot Features: Level, Wooded
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • Lot Features:Wooded: 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: Cable Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Harrison Elementary
  • High School: Central High School
  • Middle Or Junior School: Brown Middle

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 120o H 009
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Water
  • Tenant Pays:Sewer3: Yes

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 14400.0

Tax Info

  • Tax Annual Amount: 1092.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 27, 2024
Sold by
Dixon Herby Baxter
Bought by
Herby Baxter Dixon Revocable Trust and Dixon
Current Estimated Value
$241,869

Purchase Details

Closed on
May 14, 2021
Sold by
Maglde Yanet
Bought by
Dixon Herby

Purchase Details

Closed on
Nov 9, 2020
Sold by
Ferrer Rodney
Bought by
Magide Yanet

Purchase Details

Listed on
Feb 4, 2016
Closed on
Jul 22, 2016
Sold by
Bohannon Greg Q and Bohannon Julle C
Bought by
Magide Yanet
Seller's Agent
Andy Hodes
Zach Taylor - Chattanooga
Buyer's Agent
Wendy Dixon
Dixon Team Keller Williams
List Price
$87,900
Sold Price
$82,700
Premium/Discount to List
-$5,200
-5.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.10%
Original Mortgage
$62,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2003
Sold by
Kell Jeffery G and Walker Walter L
Bought by
Bohannon Greg O and Bohannon Julie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,450
Interest Rate
5.86%
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
Herby Baxter Dixon Revocable Trust -- Foundation Title
Dixon Herby $141,000 Foundation T&E Chattanooga
Magide Yanet -- None Listed On Document
Magide Yanet $82,700 Foundation Title & Escrow Ll
Bohannon Greg O $71,000 Northgate Title Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magide Yanet $62,000
Previous Owner Bohannon Greg O $67,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2016 07/22/16 Sold $82,700 -5.9% $41 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $87,900 -- $44 / 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 $1,208 $54,000 $0 $0
2023 $1,208 $54,000 $0 $0
2022 $1,208 $54,000 $0 $0
2021 $755 $33,750 $0 $0
2020 $595 $21,525 $0 $0
2019 $595 $21,525 $0 $0
2018 $617 $21,525 $0 $0
2017 $595 $21,525 $0 $0
2016 $952 $0 $0 $0
2015 $1,863 $34,440 $0 $0
2014 $1,863 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1231075

Greater Chattanooga REALTORS®

APN: 120O-H-009