NOT LISTED FOR SALE

Estimated Value: $386,000 - $600,000

-- Bed
2 Baths
1,859 Sq Ft
$251/Sq Ft Est. Value

Last Sold April 20, 2012

Last sale price $136,000 $73 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $2,733/month

2 Days on Market

Highlights

  • Private Yard
  • Brick Exterior Construction
  • Community Playground
  • No HOA
  • Living Room
  • Central Heating and Cooling System

About This Home

As of April 2012

OFFERS WILL BE ACCEPTED UNTIL 4/6 AT 5PM. NO NEW OFFERS WILL BE ACCEPTED AFTER THAT TIME. Incredible investment opportunity in the heart of booming North Chattanooga! Surrounded by half a million dollar homes on every side, you won't find a better location for a duplex than this. All brick, 1 story, and a brand new roof make this the perfect low-maintenance rental property. You'll love the ease of renting in this desirable area: put the sign out and you'll be flooded with calls! Owner easily obtained rents of $700 per month on each side. As the surrounding market picks up steam, you'll love watching your property value soar. What's the catch? There is some minor deferred maintenance and you'll have to beat all the other investors to the punch! This deal won't last long: call today t ule a viewing.

Last Agent to Sell the Property

Jim Lea

Keller Williams Realty License #296129 Listed on: 04/05/2012

Keller Williams Realty

Last Buyer's Agent

Carlyn Voges

Keller Williams Realty License #318421

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,308

Year Built

  • Built in 1962

Lot Details

  • Level Lot
  • Private Yard

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 1,859 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Microwave

Schools

  • Normal Park Elementary School
  • Normal Park Upper Middle School
  • Red Bank High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 135D J 021

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Frazier Addn #3 Subdivision

Recreation

  • Community Playground

Building Details

  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,308

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 70.8X225MIRR
  • Subdivision Name: Frazier Addn #3
  • Directions: Frazier Avenue, Right on Colville
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1859.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1962
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 135D J 021
  • Location Tax and Legal Elementary School: Normal Park Elementary
  • Location Tax and Legal High School: Red Bank High School
  • 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 Dimensions: 70.8X225MIRR
  • 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: Normal Park Upper
  • 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 Washer Dryer Hookups2: Yes
  • Unit 2 Microwave7: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Community Features:Playground: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Features: Private Yard
  • Foundation Details: Slab
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Private Yard: 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

  • Community Features: Playground
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Normal Park Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Normal Park Upper

Lot Info

  • Parcel #: 135D J 021

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 16800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2012
Closed on
Apr 20, 2012
Sold by
Watts Renee Marie and Watts Renee
Bought by
Robinson Dan and Robinson Ferris
Seller's Agent
Jim Lea
Keller Williams Realty
Buyer's Agent
Carlyn Voges
Keller Williams Realty
List Price
$134,700
Sold Price
$136,000
Premium/Discount to List
$1,300
0.97%
Current Estimated Value
$467,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,176
Avg. Annual Appreciation
9.93%

Purchase Details

Closed on
Mar 25, 2011
Sold by
Watts Jeffrey Allen
Bought by
Watts Renee Marie

Purchase Details

Closed on
Dec 15, 2004
Sold by
First Tennessee Bank Na
Bought by
Watts Jeffrey A and Watts Renee

Purchase Details

Closed on
Dec 5, 1997
Sold by
Paul Bardorf Douglas
Bought by
First Tennessee Bank National Assn
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
Robinson Dan $136,000 None Available
Watts Renee Marie -- None Available
Watts Jeffrey A $125,000 --
First Tennessee Bank Na -- --
First Tennessee Bank National Assn $80,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2012 04/20/12 Sold $136,000 +1.0% $73 / Sq Ft
04/07/2012 04/07/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $134,700 -- $72 / 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 $2,308 $103,160 $0 $0
2023 $2,308 $103,160 $0 $0
2022 $2,308 $103,160 $0 $0
2021 $2,308 $103,160 $0 $0
2020 $2,463 $89,080 $0 $0
2019 $2,463 $89,080 $0 $0
2018 $2,155 $89,080 $0 $0
2017 $2,463 $89,080 $0 $0
2016 $1,505 $0 $0 $0
2015 $1,842 $34,025 $0 $0
2014 $1,842 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1176756

Greater Chattanooga REALTORS®

APN: 135D-J-021