NOT LISTED FOR SALE

Estimated Value: $373,000 - $427,000

-- Bed
5 Baths
2,622 Sq Ft
$151/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $365,000 $139 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,356/month

3 Days on Market

Highlights

  • No HOA
  • Brick Exterior Construction
  • 1-Story Property
  • Attached Garage
  • Central Heating and Cooling System

About This Home

As of July 2022

Excellent triplex in a great Hixson submarket. Two of the units have been updated. Spacious units. Two units are 3 bedroom and 2 bath, each with a one car garage. The third unit is one bedroom and one bath. All units are currently tenant occupied.

Last Listed By

Ben Van Gaasbeek

RealSmart License #325574 Listed on: 06/14/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,958

Year Built

  • Built in 1970

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 110x107.7
  • Sloped Lot

Parking

  • Attached Garage

Home Design

  • Triplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,622 Sq Ft Home
  • 1-Story Property
  • Basement
  • Crawl Space

Schools

  • Alpine Crest Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for electricity, sewer, water
  • Assessor Parcel Number 109f E 004

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • James Hardy Lands Subdivision

Building Details

  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,958

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Lot Size: 110X107.7
  • Subdivision Name: James Hardy Lands
  • Directions: From Hixson Pike: West onto Ely Rd Right onto Delashmitt Left onto Cary Lane Property is 450 feet up on the right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half
  • Living Area: 2622.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1970
  • Owner Pays:Sewer2: Yes
  • Location Tax and Legal Parcel Number2: 109f E 004
  • Location Tax and Legal Elementary School: Alpine Crest Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 3957.8
  • 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: 110X107.7
  • 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: Red Bank Middle
  • General Property Information Stories2: 1
  • Levels:One and One Half: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Owner Pays:Water3: Yes
  • Owner Pays:Electricity2: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Owner Pays: Electricity, Sewer, Water
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Basement:Crawl Space: Yes
  • Community Features:None4: Yes

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Alpine Crest Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 109f E 004
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 33600.0

Tax Info

  • Tax Annual Amount: 3957.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2024
Sold by
Norman Colton J
Bought by
Norman Colton J and Russell Elizabeth
Total Days on Market
3
Current Estimated Value
$395,360

Purchase Details

Listed on
Jun 14, 2022
Closed on
Jul 1, 2022
Sold by
Joseph Quinto
Bought by
Norman Colton J
Seller's Agent
Ben Van Gaasbeek
RealSmart
Buyer's Agent
Jessica Lombardo
Keller Williams Realty
List Price
$360,000
Sold Price
$365,000
Premium/Discount to List
$5,000
1.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.53%
Original Mortgage
$273,750
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 21, 2019
Closed on
Feb 4, 2020
Sold by
Davis Clifford T and Davis Quinton
Bought by
Quinto Joseph and Vu Christopher
Seller's Agent
Joe V Williams
Williams & Williams Realty Services
Buyer's Agent
Ben Van Gaasbeek
RealSmart
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.65%
Original Mortgage
$165,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2008
Sold by
Kingston John B and Kelley Linda K
Bought by
Davis John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
6.08%
Mortgage Type
VA

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
Norman Colton J -- None Listed On Document
Norman Colton J $365,000 None Listed On Document
Quinto Joseph $220,000 Title Guaranty & Trust Co
Davis John H $158,000 Cumberland Title & Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norman Colton J $273,750
Previous Owner Quinto Joseph $165,000
Previous Owner Davis John H $156,000
Previous Owner Davis John H $163,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold $365,000 +1.4% $139 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
06/14/2022 06/14/22 For Sale $360,000 +63.6% $137 / Sq Ft
02/04/2020 02/04/20 Sold $220,000 -4.3% $84 / Sq Ft
11/25/2019 11/25/19 Pending -- -- --
11/21/2019 11/21/19 For Sale $230,000 -- $88 / 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 $1,973 $88,200 $0 $0
2023 $1,973 $88,200 $0 $0
2022 $1,973 $88,200 $0 $0
2021 $1,973 $88,200 $0 $0
2020 $1,696 $61,320 $0 $0
2019 $1,696 $61,320 $0 $0
2018 $1,523 $61,320 $0 $0
2017 $1,696 $61,320 $0 $0
2016 $1,660 $0 $0 $0
2015 $3,162 $60,040 $0 $0
2014 $3,162 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1355690

Greater Chattanooga REALTORS®

APN: 109F-E-004