NOT LISTED FOR SALE

504 E Valley Rd Jasper, TN 37347

Estimated Value: $329,199 - $476,000

Studio
4 Baths
3,910 Sq Ft
$107/Sq Ft Est. Value

Last Sold May 09, 2022

Last sale price $307,000 $79 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,252/month

5 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Brick Exterior Construction
  • Level Lot

About This Home

As of May 2022

Investment special! Great investment opportunity to add to rental portfolio or start to your rental investing. In Great shape and convenient to I24 and the town of Jasper. This property is part of a 26-home investment portfolio that is being offered for the first time as an individual sale. Co Listing agent is related to seller.

Last Agent to Sell the Property

Brandon Olinger

United Country Real Estate Southeast Land Solutions, LLC License #315320 Listed on: 03/05/2022

Co-Listed By

Joshua Wilson

United Country Real Estate Southeast Land Solutions, LLC License #343828

Last Buyer's Agent

Jason Weathers

Auben Realty License #351637

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,269

Year Built

  • Built in 1987

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 140x159
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3,910 Sq Ft Home
  • 1-Story Property

Schools

  • Jasper Elementary School
  • Jasper Middle School
  • Marion County High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 107 093.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Bobby Gravitt Subdivision

Building Details

  • Gross Income $28,152

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,269

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.55
  • Lot Size: 140X159
  • Co List Office Mls Id: 17242
  • Co List Office Phone: 423-498-3649
  • Subdivision Name: Bobby Gravitt
  • Directions: From I 24 Get off the Exit 155 Jasper/Whitwell Exit. Take 28 N Right on Dixie Hwy Left on E Valley Road. On right
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 3910.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1987
  • Location Tax and Legal Parcel Number2: 107 093.00
  • Location Tax and Legal Elementary School: Jasper Elementary
  • Location Tax and Legal High School: Marion County High
  • Location Tax and Legal:Tax Annual Amount: 1269.21
  • 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: 0.55
  • General Property Information Lot Size Square Feet2: 23958.0
  • General Property Information Lot Size Dimensions: 140X159
  • 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
  • Remarks and Miscellaneous Public Remarks2: Investment special! Great investment opportunity to add to rental portfolio or start to your rental investing. In Great shape and convenient to I24 and the town of Jasper. This property is part of a 26-home investment portfolio that is being offered for the first time as an individual sale. Co Listing agent is related to seller.
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Jasper Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • General Property Information Number Of Units Total2: 4.0
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Slab
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: 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
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Jasper Elementary
  • High School: Marion County High
  • Middle Or Junior School: Jasper Middle

Lot Info

  • Lot Size Sq Ft: 23958.0
  • Parcel #: 107 093.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28152.0

Tax Info

  • Tax Annual Amount: 1269.21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2022
Closed on
May 10, 2022
Sold by
Legacy Investments Llc
Bought by
Haynam Eric
Seller's Agent
Brandon Olinger
United Country Real Estate Southeast Land Solutions, LLC
Buyer's Agent
Jason Weathers
Auben Realty
List Price
$310,000
Sold Price
$307,000
Premium/Discount to List
-$3,000
-0.97%
Current Estimated Value
$418,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,733
Avg. Annual Appreciation
8.85%
Original Mortgage
$230,250
Outstanding Balance
$217,812
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$200,921

Purchase Details

Closed on
May 25, 2016
Sold by
Gravitt Bobby
Bought by
Legacy Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,700
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 1991
Bought by
Gravitt Bobby and Doris Jane

Purchase Details

Closed on
Oct 3, 1986
Bought by
Latex Modinc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Haynam Eric $307,000 New Title Company Name
Legacy Investments Llc $135,000 --
Gravitt Bobby $80,000 --
Latex Modinc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haynam Eric $230,250
Previous Owner Legacy Investments Llc $119,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2022 05/09/22 Sold $307,000 -1.0% $79 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/05/2022 03/05/22 For Sale $310,000 -- $79 / 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
2025 $738 $99,600 $4,600 $95,000
2024 $738 $101,720 $4,600 $97,120
2023 $738 $101,720 $0 $0
2022 $2,160 $101,720 $4,600 $97,120
2021 $986 $46,440 $4,600 $41,840
2020 $1,269 $46,440 $4,600 $41,840
2019 $1,269 $49,120 $4,280 $44,840
2018 $1,269 $49,120 $4,280 $44,840
2017 $1,269 $49,120 $4,280 $44,840
2016 $1,340 $49,120 $0 $0
2015 $1,563 $51,880 $0 $0
2014 $1,563 $63,314 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brandon Olinger

    Seller's Agent in 2022

    Brandon Olinger

    United Country Real Estate Southeast Land Solutions, LLC

    (423) 498-3649

    3 in this area

    158 Total Sales

    Brandon Olinger
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Joshua Wilson

    United Country Real Estate Southeast Land Solutions, LLC

  • J

    Buyer's Agent in 2022

    Jason Weathers

    Auben Realty

    (980) 242-6027

    1 in this area

    48 Total Sales

    Jason Weathers
    Section Image
See All Agents

Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1350173

Greater Chattanooga REALTORS®

APN: 107-093.00

Tennessee Marion County Jasper 37347

504 E Valley Rd, Jasper, TN

Not Listed for Sale

MultiFamily

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