NOT LISTED FOR SALE

Estimated Value: $306,000 - $350,000

-- Bed
3 Baths
2,900 Sq Ft
$113/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $172,000 $59 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $1,923/month

1 Day on Market

Highlights

  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Central Heating and Cooling System
  • Eat-In Kitchen
  • Living Room
  • Baseboard Heating

About This Home

As of October 2019

This property will cash flow, gross monthly income of $2,450! Convenient location just minutes to downtown Chattanooga. All 4 units will be rented by the end of July.

Last Agent to Sell the Property

David Kilgore

Crye-Leike, REALTORS License #312692 Listed on: 10/05/2019

Crye-Leike, REALTORS

Last Buyer's Agent

Candace McGuffey

Annette Webster Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,374

Year Built

  • Built in 1954

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 75x165
  • Level Lot

Home Design

  • Quadruplex
  • Brick Foundation
  • Block Foundation
  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Washer and Dryer Hookup
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Stove

Parking

  • 2 Carport Spaces
  • Off-Street Parking

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
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 156e L 035

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Woodleys Revised Subdivision

Building Details

  • Gross Income $29,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,374

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Lot Size: 75X165
  • Subdivision Name: Woodleys Revised
  • Directions: Take Germantown Rd toward Brainerd, left onto Frawley St, right on Alice Dr. Property on left.
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 2900.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1954
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 156e L 035
  • 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: 2373.91
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: Yes
  • General Property Information Lot Size Acres: 0.28
  • General Property Information Lot Size Square Feet2: 12196.8
  • General Property Information Lot Size Dimensions: 75X165
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Carport Spaces2: 2.0
  • Utilities Sewer Connected: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Ridge Middle
  • Foundation Details Block2: Yes
  • General Property Information Stories2: 2
  • Cooling:Window Unit(s): Yes
  • Foundation Details BrickMortar: Yes
  • 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
  • Cooling Wall Unit(s): Yes
  • Unit 4 Living Room6: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Has Basement: Finished
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Gentle Sloping, Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Shingle Siding, Other
  • Foundation Details: Block, Brick/Mortar
  • Roof: Shingle
  • Lot Features:Level: Yes
  • Lot Features:Gentle Sloping: Yes
  • Construction Materials:Shingle Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2.0
  • 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, Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Central, Electric, Multi Units
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Heating:Baseboard: Yes
  • Heating:Multi Units2: 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: 12196.8
  • Parcel #: 156e L 035
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 29400.0

Tax Info

  • Tax Annual Amount: 2373.91

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2020
Sold by
Stabile Frank
Bought by
Mreg Llc
Current Estimated Value
$327,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Outstanding Balance
$141,020
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
$174,060

Purchase Details

Listed on
Oct 5, 2019
Closed on
Oct 31, 2019
Sold by
Graham Arvin
Bought by
Stabile Frank
Seller's Agent
David Kilgore
Crye-Leike, REALTORS
Buyer's Agent
Candace McGuffey
Annette Webster Real Estate
List Price
$194,900
Sold Price
$172,000
Premium/Discount to List
-$22,900
-11.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.16%

Purchase Details

Closed on
Feb 28, 2018
Sold by
Buckeye Properties Inc
Bought by
Graham Arvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2000
Sold by
Wood Kenneth R
Bought by
Buckeye Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,936
Interest Rate
7.79%
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
Mreg Llc -- None Available
Stabile Frank $172,000 None Available
Graham Arvin $75,000 None Available
Buckeye Properties Inc $64,500 Title Escrow Of Chattanooga
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mreg Llc $157,600
Previous Owner Graham Arvin $75,000
Previous Owner Buckeye Properties Inc $42,798
Previous Owner Buckeye Properties Inc $50,388
Previous Owner Buckeye Properties Inc $20,000
Previous Owner Buckeye Properties Inc $52,936
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2019 10/31/19 Sold $172,000 -11.7% $59 / Sq Ft
10/06/2019 10/06/19 Pending -- -- --
10/05/2019 10/05/19 For Sale $194,900 -- $67 / 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 $1,316 $58,800 $0 $0
2023 $2,078 $58,800 $0 $0
2022 $2,078 $58,800 $0 $0
2021 $2,498 $58,800 $0 $0
2020 $2,374 $46,960 $0 $0
2019 $2,374 $46,960 $0 $0
2018 $2,374 $46,960 $0 $0
2017 $2,374 $46,960 $0 $0
2016 $2,015 $0 $0 $0
2015 $2,015 $37,440 $0 $0
2014 $2,015 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1303853

Greater Chattanooga REALTORS®

APN: 156E-L-035