$220,000
SOLD FEB 4, 2020
-- Bed
-- Bath
2,622 Sq Ft
0.25 Acres

Recently Sold

$84 Per Sq Ft

4% Below List Price

4 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Eat-In Kitchen
  • Deck
  • 1 Car Attached Garage
  • Brick Exterior Construction

About This Home

As of July 2022

Brick triplex ready for new ownership.Owner is absentee and has decided to sell. Stable tenant mix and rents are current. Lease rates are currently under market. One of the units was recently renovated. The upstairs units have eack a one car garage and washer dryer connections. The efficiecy unit has off street parking and does not offer washer dryer connections.

The property is well maintained and has regular maintence and pest control.

Last Agent to Sell the Property

Joe V Williams

Williams & Williams Realty Services License #261781 Listed on: 11/21/2019

Last Buyer's Agent

Ben Van Gaasbeek

RealSmart License #325574

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,092

Year Built

  • Built in 1970

Lot Details

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

Parking

  • 1 Car Attached Garage
  • Parking Accessed On Kitchen Level
  • Off-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,622 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Living Room
  • Storage
  • Washer and Dryer Hookup
  • Basement
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units
  • Cable TV Available

Listing and Financial Details

  • Property held in a trust
  • Assessor Parcel Number 109f E 004

Community Details

Overview

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

Pet Policy

  • No Pets Allowed

Building Details

  • Gross Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,092

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Lot Size: 110X107
  • Subdivision Name: James Hardy Lands
  • Directions: Fro Gann Road travel south on Delashment to Cary Lane on the right. From Ely Road travel north on Delashment to Cary Lane on Left
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Living Area: 2622.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1970
  • Cooling:Electric: 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: 3091.88
  • 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: 10757.0
  • General Property Information Lot Size Dimensions: 110X107
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Red Bank Middle
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: Yes
  • Special Listing Conditions Trust: Yes
  • Levels:One and One Half: Yes
  • Pets Allowed:No: Yes
  • General Property Information Number Of Units Total2: 3.0
  • 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: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Open Floorplan, Storage
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Storage2: Yes

Exterior Features

  • Lot Features: Sloped
  • 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:Sloped: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Multi Units
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Heating:Multi Units2: Yes

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: 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: 10757.0
  • Parcel #: 109f E 004
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 2400.0

Tax Info

  • Tax Annual Amount: 3091.88

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
Current Estimated Value
$414,123

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
3.62%
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
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $365,000 None Listed On Document
Warranty Deed $220,000 Title Guaranty & Trust Co
Warranty Deed $158,000 Cumberland Title & Guaranty
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $273,750 New Conventional
Previous Owner $165,000 New Conventional
Previous Owner $163,200 VA
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: 1308785

Greater Chattanooga REALTORS®

APN: 109F-E-004