NOT LISTED FOR SALE

4318 Worsham Ave Chattanooga, TN 37412

Estimated Value: $263,057 - $391,000

-- Bed
2 Baths
2,442 Sq Ft
$135/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $290,000 $119 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,854/month

21 Days on Market

Highlights

  • No HOA
  • Living Room
  • Level Lot
  • Brick Exterior Construction
  • Central Heating and Cooling System

About This Home

As of September 2022

Located in the convenient East Ridge area, just off South Terrace and Marlboro Ave, minutes to downtown Chattanooga, East Brainerd and East Ridge. Located on a quiet cul-de-sac, 4316-4318 Worsham is a duplex featuring two 2 bedroom 2 bath units, both with laundry closet. Both huge backyard and off street parking. The property was remodeled in 2021 and the roof was replace in 2019. Currently fully occupied and rents for $1100 and $1000 per month, but market value is $1600 per month per side. Buyer to verify square footage.

Last Agent to Sell the Property

Lisa Brown

Keller Williams Realty License #321895 Listed on: 08/03/2022

Keller Williams Realty

Co-Listed By

Diane Patty

Keller Williams Realty License #320892

Last Buyer's Agent

Erica J Allen

United Real Estate Experts License #353221

United Real Estate Experts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,369

Year Built

  • Built in 1987

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75x142.7
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,442 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Stove
  • Washer and Dryer Hookup

Schools

  • East Ridge Elementary School
  • East Ridge Middle School
  • East Ridge High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 157o K 015

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,369

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Lot Size: 75X142.7
  • Co List Office Mls Id: 10708
  • Co List Office Phone: 423-664-1900
  • Subdivision Name: None
  • Directions: From I-24 take the Belvoir Exit turn left onto S. Terrace, right onto Marlboro then left onto Worsham. Property is on the last unit on the right hand side.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • Living Area: 2442.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1987
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 157o K 015
  • 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: 2368.53
  • 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: 75X142.7
  • 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 Senior Community YN: No
  • Utilities Sewer Connected: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Ridge Middle
  • General Property Information Stories2: 2
  • Levels:One and One Half: Yes
  • 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: None
  • Stories: 2

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Basement:Crawl Space: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • 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: 10890.0
  • Parcel #: 157o K 015
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 25200.0

Tax Info

  • Tax Annual Amount: 2368.53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Sep 2, 2022
Sold by
Smith Patten M
Bought by
Hurrell Mike
Seller's Agent
Lisa Brown
Keller Williams Realty
Buyer's Agent
Erica J Allen
United Real Estate Experts
List Price
$350,000
Sold Price
$290,000
Premium/Discount to List
-$60,000
-17.14%
Current Estimated Value
$330,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,014
Avg. Annual Appreciation
4.10%

Purchase Details

Closed on
Nov 19, 2014
Sold by
Standard Properties Gp
Bought by
Smith Patten M and Standard Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$572,000
Interest Rate
4.03%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 30, 2004
Sold by
Walker Don and Walker Rhonda P
Bought by
Walker Rhonda P and Rhonda P Walker Revocable Living Trust
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
Hurrell Mike $290,000 --
Smith Patten M -- None Available
Walker Rhonda P -- Legal Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Patten M $572,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2022 09/02/22 Sold $290,000 0.0% $119 / Sq Ft
09/02/2022 09/02/22 Sold $290,000 -17.1% $119 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/24/2022 08/24/22 Pending -- -- --
08/03/2022 08/03/22 For Sale $350,000 +11.1% $143 / Sq Ft
06/17/2022 06/17/22 Price Changed $315,000 -3.1% $129 / Sq Ft
06/01/2022 06/01/22 Price Changed $325,000 -7.1% $133 / Sq Ft
04/29/2022 04/29/22 For Sale $350,000 -- $143 / 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 $822 $36,750 $0 $0
2023 $1,300 $36,750 $0 $0
2022 $2,069 $58,800 $0 $0
2021 $2,369 $58,800 $0 $0
2020 $2,380 $50,240 $0 $0
2019 $2,380 $50,240 $0 $0
2018 $2,380 $50,240 $0 $0
2017 $2,380 $50,240 $0 $0
2016 $2,422 $0 $0 $0
2015 $2,422 $50,240 $0 $0
2014 $2,422 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1354172

Greater Chattanooga REALTORS®

APN: 157O-K-015