$415,000
SOLD NOV 21, 2024
-- Bed
-- Bath
3,480 Sq Ft
86.55 Acres

Recently Sold

$119 Per Sq Ft

2% Below List Price

7 Days on Market

Highlights

  • 86.55 Acre Lot
  • No HOA
  • Covered patio or porch
  • Deck
  • Den
  • Efficiency Studio

About This Home

As of November 2024

INVESTMENT OPPORTUNITY in Hixson! This Triplex is currently 100% OCCUPIED. All three units are currently renting for $2,975/mo. total. Each unit includes 2 bedrooms, 1.5 baths, living room, and eat-in kitchen. Located minutes from restaurants, shopping, and less than 20 minutes to Downtown Chattanooga. Zoned for Alpine Elementary, Red Bank Middle, and Red Bank High School.

Last Agent to Sell the Property

Justin Tate

Real Estate Partners Chattanooga LLC License #335702 Listed on: 10/23/2024

Real Estate Partners Chattanooga LLC

Last Buyer's Agent

Linda Brock

Real Estate Partners Chattanooga LLC License #258780

Real Estate Partners Chattanooga LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,362

Year Built

  • Built in 1996

Lot Details

  • 86.55 Acre Lot
  • Lot Dimensions are 86.54x84.38

Home Design

  • Triplex
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • Bathtub with Shower
  • 3,480 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room
  • Den
  • Efficiency Studio

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave

Flooring

  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Laundry on lower level
  • Washer and Dryer Hookup

Parking

  • Parking Available
  • Driveway

Outdoor Features

  • Deck
  • Covered patio or porch
  • Rain Gutters

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 109c J 004.16

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $357,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,362

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 86.55
  • Lot Size: 86.54X84.38
  • Road Frontage Type: City Street
  • Subdivision Name: None
  • Directions: Hixson Pike to Norcross Road, left on Ely Road, right on Delashmitt, right on Waterford, left on Brighton Lane.
  • Above Grade Finished Sq Ft: 3480.0
  • Unit Levels: Two
  • Living Area: 3480.0
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Triplex
  • Year Built: 1996
  • Location Tax and Legal Parcel Number2: 109c J 004.16
  • 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: 4361.66
  • General Property Information Above Grade Finished Area: 3480.0
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Lot Size Acres: 86.5484
  • General Property Information Lot Size Square Feet2: 3770048.3
  • General Property Information Lot Size Dimensions: 86.54X84.38
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Flooring:Carpet: Yes
  • Flooring:Tile: Yes
  • Interior Features Tub Shower Combo: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Red Bank Middle
  • Sewer:Public Sewer: Yes
  • Utilities:Electricity Connected: Yes
  • Foundation Details Block2: Yes
  • Laundry Features Laundry Room: Yes
  • General Property Information Stories2: 2
  • Patio And Porch Features Porch - Covered: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities:Cable Connected: Yes
  • Laundry Features:Lower Level: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Structure Type:Triplex: Yes
  • Unit 1 Furnished3: Unfurnished
  • Unit 1 Den3: Yes
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: No
  • Unit 1 Microwave6: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 2 Efficiency2: Yes
  • Unit 2 Furnished4: Unfurnished
  • Unit 2 Den4: Yes
  • Unit 2 Separate Dining2: No
  • Unit 2 Microwave7: Yes
  • Unit 3 Efficiency3: Yes
  • Unit 3 Furnished5: Unfurnished
  • Unit 3 Den5: Yes
  • Unit 3 Living Room5: Yes
  • Unit 3 Separate Dining3: No
  • Unit 3 Microwave8: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Tub/shower Combo
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Ceiling Fan(s)2: Yes

Exterior Features

  • Pool Features: None
  • View: No
  • Waterfront: No
  • Exterior Features: Rain Gutters
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Porch - Covered
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Exterior Features:Rain Gutters: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Parking Features:Driveway: Yes
  • Parking Features:Concrete3: Yes

Utilities

  • Laundry Features: Laundry Room, Lower Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • 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: 3770048.3
  • Parcel #: 109c J 004.16
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 357000.0

Tax Info

  • Tax Annual Amount: 4361.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2024
Closed on
Nov 21, 2024
Sold by
Grove Street Properties Llc
Bought by
Patel Pratik
Seller's Agent
Justin Tate
Real Estate Partners Chattanooga LLC
Buyer's Agent
Linda Brock
Real Estate Partners Chattanooga LLC
List Price
$425,000
Sold Price
$415,000
Premium/Discount to List
-$10,000
-2.35%
Total Days on Market
7
Views
13
Current Estimated Value
$414,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25
Avg. Annual Appreciation
-0.01%
Original Mortgage
$311,250
Outstanding Balance
$307,308
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$107,667

Purchase Details

Listed on
Dec 17, 2020
Closed on
Jan 17, 2021
Sold by
Frank Roger L
Bought by
Grove Street Properties Llc
Seller's Agent
Mark Hite
Real Estate Partners Chattanooga, LLC
Buyer's Agent
Jeremy Callahan
BHGRE Signature Brokers
List Price
$240,000
Sold Price
$244,000
Premium/Discount to List
$4,000
1.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.79%

Purchase Details

Listed on
Aug 18, 2017
Closed on
Nov 30, 2017
Sold by
Falls Anthony L
Bought by
Frank Roger L
Seller's Agent
Robyn Ring
Choo Choo Realty
Buyer's Agent
Wayne Bull
Coldwell Banker Pryor Realty
List Price
$225,000
Sold Price
$197,000
Premium/Discount to List
-$28,000
-12.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.07%
Original Mortgage
$197,000
Interest Rate
3.88%
Mortgage Type
VA

Purchase Details

Closed on
Aug 19, 2005
Sold by
Baughman Charles R and Baughman Sandra Lynne
Bought by
Falls Anthony L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,110
Interest Rate
6.85%
Mortgage Type
Fannie Mae Freddie Mac
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
Warranty Deed $415,000 Cumberland Title
Warranty Deed $244,000 First Title
Warranty Deed $197,000 None Available
Warranty Deed $187,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $311,250 Credit Line Revolving
Previous Owner $207,400 Credit Line Revolving
Previous Owner $197,000 VA
Previous Owner $178,132 FHA
Previous Owner $169,110 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2024 11/21/24 Sold $415,000 -2.4% $119 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
10/23/2024 10/23/24 For Sale $425,000 0.0% $122 / Sq Ft
09/21/2024 09/21/24 Off Market $795 -- --
01/15/2021 01/15/21 Sold $244,000 +1.7% $70 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
12/17/2020 12/17/20 For Sale $240,000 0.0% $69 / Sq Ft
02/22/2020 02/22/20 Rented -- -- --
02/22/2020 02/22/20 Under Contract -- -- --
02/22/2020 02/22/20 Rented $795 0.0% --
02/13/2020 02/13/20 For Rent $795 0.0% --
11/30/2017 11/30/17 Sold $197,000 -12.4% $57 / Sq Ft
10/21/2017 10/21/17 Pending -- -- --
08/18/2017 08/18/17 For Sale $225,000 -- $65 / 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 $2,175 $97,200 $0 $0
2023 $2,175 $97,200 $0 $0
2022 $2,175 $97,200 $0 $0
2021 $2,175 $97,200 $0 $0
2020 $1,950 $70,520 $0 $0
2019 $1,950 $70,520 $0 $0
2018 $1,732 $70,520 $0 $0
2017 $1,950 $70,520 $0 $0
2016 $1,909 $0 $0 $0
2015 $3,618 $69,040 $0 $0
2014 $3,618 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1502116

Greater Chattanooga REALTORS®

APN: 109C-J-004.16