NOT LISTED FOR SALE

5003 Shoals Ln Chattanooga, TN 37416

Estimated Value: $285,000 - $316,000

6 Beds
3 Baths
2,565 Sq Ft
$116/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2019

Last sale price $145,000 $57 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,727 / mo

48 Days on Market

About This Home

As of August 2019

Attention Investors! This brick duplex has great potential. This property is currently rented for $1600 gross monthly rent (800 on 4 bedroom side and $800 on 2 bedroom side. The HUD Fair Market Rent in 37416 for 4 Bedroom is $1410 and $890 for a 2 BR making potential Gross Monthly Rent of $2300. Offers to be cash offers with 7 day close.

Last Agent to Sell the Property

Corey Ballew

Real Broker Brokerage Phone: 4235290696 License #332263 Listed on: 08/06/2019

Last Buyer's Agent

Eddie Bodkin

Zach Taylor Chattanooga License #331596

Zach Taylor Chattanooga

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $884

Year Built

  • Built in 1971

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2,565 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Schools

  • Harrison Elementary School
  • Brown Middle School
  • Central High School

Additional Features

  • Lot Dimensions are 138.7 x 189.9
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for water
  • Rent includes water
  • Assessor Parcel Number 112A A 005

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lake Shoals Subdivision

Building Details

  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$884

Year Built

Built in 1971

Lot Details

0 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1971
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: Existing
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bedrooms: 6
  • Building Area Units: Square Feet
  • Living Area: 2565
  • 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
  • Parking Features: Detached

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size: 138.7 x 189.9
  • Lot Size Units: Acres
  • Parcel #: 112A A 005
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Water
  • HOA Rent Includes: Water
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 19200
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 884

MLS Schools

  • Elementary School: Harrison Elementary School
  • High School: Central High School
  • Middle Or Junior School: Brown Middle School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2019
Closed on
Aug 16, 2019
Sold by
Bought by
Seller's Agent
Corey Ballew
Real Broker
Buyer's Agent
Eddie Bodkin
Zach Taylor Chattanooga
List Price
$160,000
Sold Price
$145,000
Premium/Discount to List
-$15,000
-9.38%
Current Estimated Value
$294,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,671
Avg. Annual Appreciation
10.91%

Purchase Details

Closed on
Feb 13, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,929
Interest Rate
0.0614%
Mortgage Type
FHA
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$145,000 Reli Settlement Sln Llc
$134,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $168,650
Closed $5,634
Closed $131,929
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/16/2019 08/16/19 Sold $145,000 -9.4% $57 / Sq Ft
08/06/2019 08/06/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $160,000 -- $62 / Sq Ft
Source: Realtracs

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,630 $107,520 $0 $0
2024 $1,208 $54,000 $0 $0
2023 $1,226 $54,000 $0 $0
2022 $1,226 $54,000 $0 $0
2021 $1,226 $54,000 $0 $0
2020 $1,404 $31,325 $0 $0
2019 $884 $31,325 $0 $0
2018 $884 $31,325 $0 $0
2017 $884 $31,325 $0 $0
2016 $751 $0 $0 $0
2015 $751 $26,525 $0 $0
2014 $751 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2725769

Realtracs

APN: 112A-A-005

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