NOT LISTED FOR SALE

411 Elm Ave Jasper, TN 37347

Estimated Value: $270,022 - $1,623,000

-- Bed
4 Baths
3,712 Sq Ft
$209/Sq Ft Est. Value

Last Sold June 20, 2022

Last sale price $255,000 $69 Per Sq Ft

Est. 212% increase in value since last sale

Current estimated payment $4,403/month

1 Day on Market

Highlights

  • Open Floorplan
  • No HOA
  • Brick Exterior Construction
  • Deck
  • Den
  • Views

About This Home

As of June 2022

Investment special! Great investment opportunity to add to rental portfolio or perfect start to your rental investing. 2 Units recently upgraded, 1 new ac unit and 2 water heaters. Full brick on slab and in good shape. Located in the middle of town and directly adjacent to Elementary School. Convenient to I24 and the town of Jasper. Rents excellent. Listing agent has an owner interest.

Last Agent to Sell the Property

Brandon Olinger

United Country Real Estate Southeast Land Solutions, LLC License #315320 Listed on: 05/24/2022

Last Buyer's Agent

Cate Goins

Keller Williams Realty License #332083

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $757

Year Built

  • Built in 1970

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 100x100
  • Level Lot

Home Design

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

Interior Spaces

  • 3,712 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Living Room
  • Den
  • Stove
  • Property Views

Parking

  • Garage
  • Parking Accessed On Kitchen Level

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 108l B 064.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $26,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$757

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Lot Size: 100X100
  • Subdivision Name: None
  • Directions: From I 24 Get off the Exit 155 Jasper/Whitwell Exit. Take 28 N to jasper exit. Right onto betsy Pack drive. Left on College st left on Elm. Property on right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Living Area: 3712.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1970
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 108l B 064.00
  • Location Tax and Legal Elementary School: Jasper Elementary
  • Location Tax and Legal High School: Marion County High
  • Location Tax and Legal:Tax Annual Amount: 756.71
  • 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: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Lot Size Dimensions: 100X100
  • General Property Information View YN2: Yes
  • 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
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Marion County Middle
  • General Property Information Stories2: 2
  • Parking Features Kitchen Level2: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Den3: Yes
  • Unit 1 Living Room3: Yes
  • Unit 2 Den4: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Interior Features:Open Floorplan: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: Other
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • 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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Kitchen Level
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: 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: Marion County Middle

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 108l B 064.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 26700.0

Tax Info

  • Tax Annual Amount: 756.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2022
Closed on
Jun 15, 2022
Sold by
Aro Cage Properties Llc
Bought by
Khodiyar Homes Llc
Seller's Agent
Brandon Olinger
United Country Real Estate Southeast Land Solutions, LLC
Buyer's Agent
Cate Goins
Keller Williams Realty
List Price
$285,000
Sold Price
$255,000
Premium/Discount to List
-$30,000
-10.53%
Current Estimated Value
$796,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,167
Avg. Annual Appreciation
42.39%

Purchase Details

Listed on
Jun 13, 2016
Closed on
Dec 9, 2016
Sold by
Sherrill Judy T
Bought by
Aro Cage Properties Llc
Seller's Agent
Michael Willis
Century 21 Cumberland Realty
Buyer's Agent
Brandon Olinger
Mossy Oak Properties Land Sales , LLC
List Price
$96,000
Sold Price
$90,000
Premium/Discount to List
-$6,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.72%
Original Mortgage
$70,000
Interest Rate
3.57%
Mortgage Type
Commercial
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
Khodiyar Homes Llc $255,000 Cumberland Title & Guaranty
Aro Cage Properties Llc $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aro Cage Properties Llc $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Sold $255,000 -10.5% $69 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $285,000 +216.7% $77 / Sq Ft
12/09/2016 12/09/16 Sold $90,000 -6.3% $24 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $96,000 -- $26 / 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 $525 $72,280 $9,200 $63,080
2023 $525 $72,280 $0 $0
2022 $1,534 $72,280 $9,200 $63,080
2021 $756 $35,640 $9,200 $26,440
2020 $1,048 $35,640 $9,200 $26,440
2019 $1,048 $40,560 $8,000 $32,560
2018 $1,048 $40,560 $8,000 $32,560
2017 $1,048 $40,560 $8,000 $32,560
2016 $1,358 $40,560 $0 $0
2015 $1,206 $52,560 $0 $0
2014 $1,206 $48,836 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1354930

Greater Chattanooga REALTORS®

APN: 108L-B-064.00