$244,000
SOLD JAN 15, 2021
-- Bed
-- Bath
3,480 Sq Ft
86.55 Acres

Recently Sold

$70 Per Sq Ft

2% Above List Price

1 Day on Market

Highlights

  • No HOA
  • Cooling Available
  • Heating System Uses Natural Gas

About This Home

As of November 2024

Great Investment Opportunity! This Triplex is located just minutes to all of the shops and restaurants of Hixson and is completely occupied. Each unit rents for $795 per month and has 2 bedrooms, 1.5 baths, living room, and eat-in kitchen. Each unit is currently occupied.

Last Agent to Sell the Property

Mark Hite

Real Estate Partners Chattanooga, LLC Brokerage Phone: 4236672459 License #283146 Listed on: 12/17/2020

Real Estate Partners Chattanooga, LLC

Last Buyer's Agent

Jeremy Callahan

BHGRE Signature Brokers License #371658, 323014

BHGRE Signature Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,555

Year Built

  • Built in 1996

Lot Details

  • Lot Dimensions are 86.54x84.38

Home Design

  • Property Attached
  • Brick Exterior Construction

Interior Spaces

  • 3,480 Sq Ft Home
  • Property has 3 Levels

Schools

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

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $785
  • Assessor Parcel Number 109C J 004.16

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Waterford Subdivision

Building Details

  • Gross Income $29,580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,555

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1996
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Structure Type: Triplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 4236672459
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 3480
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other, Brick
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 86.54X84.38
  • Lot Size Units: Acres
  • Parcel #: 109C J 004.16
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 29580
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 3
  • Total Actual Rent: 785

Tax Info

  • Tax Annual Amount: 3555

MLS Schools

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

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%
Views
13
Current Estimated Value
$414,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$805
Avg. Annual Appreciation
-0.25%
Original Mortgage
$311,250
Outstanding Balance
$305,966
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$108,229

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
Not Available
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: Realtracs

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: Realtracs

MLS Number: 2722315

Realtracs

APN: 109C-J-004.16