NOT LISTED FOR SALE

Estimated Value: $282,000 - $515,000

4 Beds
3 Baths
1,518 Sq Ft
$272/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $278,000 $183 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,345/month

2 Days on Market

Highlights

  • No HOA
  • Community Playground
  • Central Heating and Cooling System

About This Home

As of June 2019

Unique opportunity is now available in North Chattanooga! 516 Lytle St is an income producing triplex in one of Chattanooga's most booming areas. This property is within walking distance to eateries such as Aretha Frankensteins, close to Coolidge Park, and a short distance to Frazier Ave. While being so close to downtown, this triplex is located in a quiet area and has a large deck off the back for tenants to enjoy. There were significant renovations done to Units one & two in 2013. A new roof was installed in 2016 along with many other updates. Did I mention it is zoned for award winning, nationally recognized Normal Park Schools?! Make sure you don't miss out on this amazing opportunity!

Last Agent to Sell the Property

Kelly Cooper

Greater Downtown Realty dba Keller Williams Realty License #293309 Listed on: 05/28/2019

Greater Downtown Realty dba Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,342

Year Built

  • Built in 1940

Lot Details

  • 7,362

Home Design

  • Triplex

Interior Spaces

  • 1,518 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Schools

  • Normal Park Museum Magnet Elementary And Middle School
  • Red Bank High School

Additional Features

  • Lot Dimensions are 100x74
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $1,000
  • Assessor Parcel Number 135D X 025

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • North Side Land Co Subdivision

Recreation

  • Community Playground

Building Details

  • Gross Income $36,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,342

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1940
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Structure Type: Triplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Building Area Units: Square Feet
  • Living Area: 1518
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • 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: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Amenities: Playground
  • Association: No

Lot Info

  • Lot Size: 100X74
  • Lot Size Units: Acres
  • Parcel #: 135D X 025
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 36120
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 3
  • Total Actual Rent: 1000

Tax Info

  • Tax Annual Amount: 2342

MLS Schools

  • Elementary School: Normal Park Museum Magnet School
  • High School: Red Bank High School
  • Middle Or Junior School: Normal Park Museum Magnet School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Jun 21, 2019
Sold by
Wood Lawrence E and Wood Kristina M
Bought by
Key Property Group Llc
Seller's Agent
Kelly Cooper
Greater Downtown Realty dba Keller Williams Realty
List Price
$300,000
Sold Price
$278,000
Premium/Discount to List
-$22,000
-7.33%
Current Estimated Value
$411,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,442
Avg. Annual Appreciation
6.21%

Purchase Details

Listed on
Jan 27, 2012
Closed on
Sep 25, 2012
Sold by
Kreider Craig Edward
Bought by
Wood Lawrence E and Wood Kristina M
Seller's Agent
Grace Frank
RE/MAX Renaissance Realtors
Buyer's Agent
Grace Frank
RE/MAX Renaissance Realtors
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.49%
Original Mortgage
$75,000
Interest Rate
3.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2011
Sold by
Kreider Craig and Kreider Patricia
Bought by
Kreider Craig Edward and The Edwards Land Trust

Purchase Details

Closed on
Nov 7, 2008
Sold by
Hollingsworth John
Bought by
Kreider Craig and Kreider Patricia

Purchase Details

Closed on
Jan 26, 1996
Bought by
Ahlquist Gary D and Ahlquist Robin L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Key Property Group Llc $278,000 Chattanooga Ttl Downtown Llc
Wood Lawrence E $75,000 First Title
Kreider Craig Edward -- First Title
Kreider Craig Edward -- None Available
Kreider Craig $90,000 First Title
Ahlquist Gary D $72,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wood Lawrence E $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2019 06/21/19 Sold $278,000 -7.3% $183 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $300,000 +300.0% $198 / Sq Ft
09/28/2012 09/28/12 Sold $75,000 -16.6% $49 / Sq Ft View Prior Sale
08/30/2012 08/30/12 Pending -- -- --
01/27/2012 01/27/12 For Sale $89,900 -- $59 / 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
2025 $2,322 $153,200 $0 $0
2024 $2,154 $96,280 $0 $0
2023 $2,154 $96,280 $0 $0
2022 $2,154 $96,280 $0 $0
2021 $2,154 $96,280 $0 $0
2020 $2,313 $46,440 $0 $0
2019 $1,284 $46,440 $0 $0
2018 $1,184 $46,440 $0 $0
2017 $1,284 $46,440 $0 $0
2016 $908 $0 $0 $0
2015 $1,782 $32,840 $0 $0
2014 $1,782 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2338010

Realtracs

APN: 135D-X-025