NOT LISTED FOR SALE

Estimated Value: $263,424 - $282,000

Studio
2 Baths
1,836 Sq Ft
$147/Sq Ft Est. Value

Last Sold October 18, 2012

Last sale price $90,000 $49 Per Sq Ft

Est. 200% increase in value since last sale

Current estimated payment $1,489/month

103 Days on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • Patio
  • No HOA
  • Brick Exterior Construction
  • Living Room

About This Home

As of October 2012

Great brick duplex in convenient location. Each side has two bedrooms, eat in kitchen and living room. Refinished hardwood floors in bedrooms & living area. Level back yard with patio off the kitchen. Heat & Air unit were replaced in 09. Rent for each side is $500. Side ''A'' is under lease until 8-2013 and side ''B'' is under lease until 8-2012. Both sides pay their own utilities. Sold in ''as is'' condition and seller will not make any repairs.

Last Agent to Sell the Property

Melba Pack

Crye-Leike REALTORS License #218963 Listed on: 05/09/2012

Last Buyer's Agent

Erica Green Newman

Horizon Sotheby's International Realty License #323782

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,875

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 85x138.1
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,836 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

  • Hillcrest Elementary School
  • Brown Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 128B B 019

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Cherry Hills Subdivision

Building Details

  • Gross Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,875

Year Built

Built in 1965

Lot Details

0.27 Acres

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 85X138.1
  • Subdivision Name: Cherry Hills
  • Directions: Hwy 153 to N Hwy 58 Left on Trail Woods across 58 highway from Sun Trust Bank
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1836.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1965
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 128B B 019
  • Location Tax and Legal Elementary School: Hillcrest
  • Location Tax and Legal High School: Central High School
  • Location Tax and Legal:Tax Annual Amount: 1875.0
  • 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: 85X138.1
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Remarks and Miscellaneous Public Remarks2: Great brick duplex in convenient location. Each side has two bedrooms, eat in kitchen and living room. Refinished hardwood floors in bedrooms & living area. Level back yard with patio off the kitchen. Heat & Air unit were replaced in 09. Rent for each side is $500. Side ''A'' is under lease until 8-2013 and side ''B'' is under lease until 8-2012. Both sides pay their own utilities. Sold in ''as is'' condition and seller will not make any repairs.
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: 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 2 Living Room4: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • 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
  • 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
  • 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: Hillcrest
  • High School: Central High School
  • Middle Or Junior School: Brown Middle

Lot Info

  • Parcel #: 128B B 019

Rental Info

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

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 12000.0

Tax Info

  • Tax Annual Amount: 1875.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2012
Closed on
Oct 17, 2012
Sold by
Jerrolds Homer and Jerrolds Linda R
Bought by
Posey Dexter
Seller's Agent
Melba Pack
Crye-Leike REALTORS
Buyer's Agent
Erica Green Newman
Horizon Sotheby's International Realty
List Price
$90,000
Sold Price
$90,000
Current Estimated Value
$269,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,856
Avg. Annual Appreciation
8.53%
Original Mortgage
$88,369
Outstanding Balance
$60,797
Interest Rate
3.6%
Mortgage Type
FHA
Estimated Equity
$209,059

Purchase Details

Closed on
Oct 4, 2010
Sold by
Jerrolds Homer
Bought by
Jerrolds Homer and Jerrolds Linda R

Purchase Details

Closed on
Apr 27, 2009
Sold by
Mcdaniel Kimberly Ruth and Hilton Kimberly Ruth
Bought by
Jerrolds Homer

Purchase Details

Closed on
Mar 7, 1995
Sold by
Mark Hilton Robert
Bought by
Ruth Hilton Kimberly
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Posey Dexter $90,000 Realty Center Title & Escrow
Jerrolds Homer -- None Available
Jerrolds Homer -- None Available
Ruth Hilton Kimberly -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Posey Dexter $88,369
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2012 10/18/12 Sold $90,000 0.0% $49 / Sq Ft
08/20/2012 08/20/12 Pending -- -- --
05/09/2012 05/09/12 For Sale $90,000 -- $49 / Sq Ft
Source: Greater Chattanooga REALTORS®

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
2025 $1,019 $67,200 $0 $0
2024 $755 $33,750 $0 $0
2023 $755 $33,750 $0 $0
2022 $755 $33,750 $0 $0
2021 $755 $33,750 $0 $0
2020 $651 $23,550 $0 $0
2019 $651 $23,550 $0 $0
2018 $663 $23,550 $0 $0
2017 $651 $23,550 $0 $0
2016 $651 $0 $0 $0
2015 $1,310 $23,550 $0 $0
2014 $1,310 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1178465

Greater Chattanooga REALTORS®

APN: 129B-B-019

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