NOT LISTED FOR SALE

511 Thomas Ave Chickamauga, GA 30707

Estimated Value: $430,000 - $935,000

4 Beds
2 Baths
7,256 Sq Ft
$87/Sq Ft Est. Value

Last Sold February 27, 2014

Last sale price $340,000 $47 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,771/month

961 Days on Market

Highlights

  • 1 Acre Lot
  • Eat-In Kitchen
  • Central Heating and Cooling System
  • No HOA
  • Living Room
  • Level Lot

About This Home

As of February 2014

4 duplexes priced way below tax value of $525,610. Each side has 2 bedrooms, 1 full bath, large living room, kitchen/dining combo, double concrete driveway. Two duplexes have 1,920 sq ft each and 2 have 1,708 sq ft each. One unit has a full basement with outside entrance for storage. Priced together at $399,000 or can purchase 1 (523-525) for $105,000. Located in Chickamauga City limits so eligible for awarding winning Chickamauga City Schools.

Last Agent to Sell the Property

Jean Penland

Penland Realty Listed on: 06/29/2011

Last Buyer's Agent

Jean Penland

Penland Realty Listed on: 06/29/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 1 Acre Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 7,256 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Schools

  • Chickamauga Elementary School
  • Gordon Lee Middle School
  • Gordon Lee High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 3006 032C/032D

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

1 Acres

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.0
  • Lot Size: TO BE DETERMINED
  • Subdivision Name: None
  • Directions: Hwy 27 to Lee and Gordon Mill Rd, left on Hamel Drive, right on Terri, left on Thomas Ave
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 7256.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2000
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 3006 032C/032D
  • Location Tax and Legal Elementary School: Chickamauga Elementary
  • Location Tax and Legal High School: Gordon Lee High
  • 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: 1.0
  • General Property Information Lot Size Square Feet2: 43560.0
  • General Property Information Lot Size Dimensions: TO BE DETERMINED
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Remarks and Miscellaneous Public Remarks2: 4 duplexes priced way below tax value of $525,610. Each side has 2 bedrooms, 1 full bath, large living room, kitchen/dining combo, double concrete driveway. Two duplexes have 1,920 sq ft each and 2 have 1,708 sq ft each. One unit has a full basement with outside entrance for storage. Priced together at $399,000 or can purchase 1 (523-525) for $105,000. Located in Chickamauga City limits so eligible for awarding winning Chickamauga City Schools.
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Gordon Lee Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 3 Living Room5: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Unit 4 Washer Dryer Hookups4: Yes
  • Special Features: None
  • 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

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Roof: Shingle
  • 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, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Chickamauga Elementary
  • High School: Gordon Lee High
  • Middle Or Junior School: Gordon Lee Middle

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 3006 032C/032D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 52800.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2011
Closed on
Feb 28, 2014
Sold by
Penland Karen B
Bought by
Gjm Rentals Llc
Seller's Agent
Jean Penland
Penland Realty
Buyer's Agent
Jean Penland
Penland Realty
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%
Current Estimated Value
$634,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,755
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Apr 10, 2008
Sold by
Penland Richard A
Bought by
Penland Karen B

Purchase Details

Closed on
May 22, 2000
Sold by
Penland Construction Company
Bought by
Penland Richard A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Gjm Rentals Llc $340,000 --
Penland Karen B -- --
Penland Richard A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2014 02/27/14 Sold $340,000 -14.8% $47 / Sq Ft
02/14/2014 02/14/14 Pending -- -- --
06/29/2011 06/29/11 For Sale $399,000 -- $55 / Sq Ft
Source: Greater Chattanooga REALTORS®

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 $6,013 $249,030 $14,000 $235,030
2023 $5,889 $236,206 $14,000 $222,206
2022 $2,786 $224,850 $14,000 $210,850
2021 $2,742 $182,823 $14,000 $168,823
2020 $2,502 $146,686 $14,000 $132,686
2019 $2,505 $146,686 $14,000 $132,686
2018 $1,926 $146,686 $14,000 $132,686
2017 $3,148 $155,926 $23,240 $132,686
2016 $2,306 $155,926 $23,240 $132,686
2015 $1,855 $161,440 $17,668 $143,772
2014 $1,988 $161,440 $17,668 $143,772
2013 -- $161,440 $17,668 $143,772
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1165480

Greater Chattanooga REALTORS®

APN: 3006-032C

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