$71,000
SOLD FEB 20, 2017 RENTED APR 15, 2025

4797 Forest Wood Ln Hixson, TN 37343

Dupont Neighborhood
-- Bed
-- Bath
1,814 Sq Ft
0.3 Acres

Recently Sold

$39 Per Sq Ft

11% Below List Price

292 Days on Market

Highlights

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

About This Home

As of April 2022

Potential for excellent cash flow. One side has been improved with new carpet, flooring in the bathroom, and new paint in all rooms. Ready for occupancy. Long term tenants have been kept at $425 per side. Area rate is higher. Maintained well by the REO manager. Bank/Owner financing is possible with acceptable credit.

Last Agent to Sell the Property

George Patten

Real Estate Brokers License #277775 Listed on: 03/23/2016

Last Buyer's Agent

Cristy Thomas

Lookout Real Estate Investments, Inc License #314808

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 92 x 154
  • Sloped Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,814 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

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

Community Details

  • No Home Owners Association
  • 2 Units
  • Forest Dale Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 109d B 023

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • Lot Size: 92 x 154
  • Subdivision Name: Forest Dale
  • Directions: Hixson Pike to Ely, Delashmitt, Eldridge, Forest Dale, and Forest Wood
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1814.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1972
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 109d B 023
  • 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: 1987.94
  • 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: 0.3
  • General Property Information Lot Size Square Feet2: 14168.0
  • General Property Information Lot Size Dimensions: 92 x 154
  • 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 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
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Special Listing Conditions:Real Estate Owned: 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: RealEstateOwned
  • 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
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Sloped
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Other
  • 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: 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: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • 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

  • Current Use: Residential
  • Lot Size Sq Ft: 14168.0
  • Parcel #: 109d B 023
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1987.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2016
Closed on
Feb 17, 2017
Sold by
Apex Bank
Bought by
Southern Charm Properties Llc
Seller's Agent
George Patten
Real Estate Brokers
Buyer's Agent
Cristy Thomas
Lookout Real Estate Investments, Inc
List Price
$79,900
Sold Price
$71,000
Premium/Discount to List
-$8,900
-11.14%
Current Estimated Value
$303,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,500
Avg. Annual Appreciation
18.22%
Original Mortgage
$127,000
Outstanding Balance
$105,334
Interest Rate
4.09%
Mortgage Type
Commercial
Estimated Equity
$193,221

Purchase Details

Closed on
Mar 12, 2010
Sold by
Markum William D and Markum Angela R
Bought by
Bank Of Camden

Purchase Details

Closed on
Jan 26, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Markum William D and Markum Angela R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,249
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 20, 2006
Sold by
Word Lacy and Word Romonda Walker
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Jun 30, 2003
Sold by
Foundation Realty Management Inc
Bought by
Word Lacy and Walker Word Romonda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,300
Interest Rate
5.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2001
Sold by
Rivers William O and Rivers Dehavilland B
Bought by
Hud
Source: Public Records

Range of Values:

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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
Limited Warranty Deed $71,000 Title Guaranty And Trust Co
Trustee Deed $83,000 None Available
Special Warranty Deed $55,500 Service Link
Trustee Deed $57,750 None Available
Warranty Deed $87,000 Franklin Title & Escrow Llc
Trustee Deed $56,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $127,000 Commercial
Previous Owner $97,600 Purchase Money Mortgage
Previous Owner $70,249 Purchase Money Mortgage
Previous Owner $78,300 Purchase Money Mortgage
Previous Owner $43,150 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2025 04/15/25 Rented -- -- --
03/01/2025 03/01/25 For Rent $1,025 0.0% --
09/21/2024 09/21/24 Off Market $1,025 -- --
09/21/2024 09/21/24 Off Market $985 -- --
09/21/2024 09/21/24 Off Market $1,025 -- --
09/21/2024 09/21/24 Off Market $1,025 -- --
04/05/2024 04/05/24 Rented -- -- --
04/05/2024 04/05/24 Rented $1,025 0.0% --
03/31/2024 03/31/24 Off Market $1,025 -- --
03/26/2024 03/26/24 Under Contract -- -- --
02/22/2024 02/22/24 For Rent $1,025 0.0% --
02/21/2024 02/21/24 For Rent -- -- --
10/14/2023 10/14/23 Rented -- -- --
10/14/2023 10/14/23 Rented $1,025 0.0% --
10/04/2023 10/04/23 Under Contract -- -- --
10/04/2023 10/04/23 Under Contract -- -- --
08/31/2023 08/31/23 For Rent -- -- --
08/31/2023 08/31/23 For Rent $1,025 0.0% --
04/09/2023 04/09/23 Rented -- -- --
04/09/2023 04/09/23 Rented -- -- --
04/09/2023 04/09/23 Rented $1,025 0.0% --
04/06/2023 04/06/23 Under Contract -- -- --
02/27/2023 02/27/23 For Rent -- -- --
02/27/2023 02/27/23 For Rent $1,025 +4.1% --
07/09/2022 07/09/22 Rented -- -- --
07/09/2022 07/09/22 Rented $985 0.0% --
07/08/2022 07/08/22 Under Contract -- -- --
07/08/2022 07/08/22 Under Contract -- -- --
06/23/2022 06/23/22 For Rent $985 -99.6% --
06/22/2022 06/22/22 For Rent -- -- --
04/13/2022 04/13/22 Sold $223,300 -0.8% $132 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $225,000 +216.9% $133 / Sq Ft
02/20/2017 02/20/17 Sold $71,000 -11.1% $39 / Sq Ft
01/09/2017 01/09/17 Pending -- -- --
03/23/2016 03/23/16 For Sale $79,900 -- $44 / 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 $822 $36,750 $0 $0
2022 $1,316 $58,800 $0 $0
2021 $1,316 $58,800 $0 $0
2020 $1,120 $40,520 $0 $0
2019 $1,120 $40,520 $0 $0
2018 $1,049 $40,520 $0 $0
2017 $1,120 $40,520 $0 $0
2016 $1,078 $0 $0 $0
2015 $2,094 $39,000 $0 $0
2014 $2,094 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1243068

Greater Chattanooga REALTORS®

APN: 109D-B-023