NOT LISTED FOR SALE

517 Mountain Ridge Rd Chattanooga, TN 37405

Estimated Value: $251,713 - $427,000

-- Bed
3 Baths
1,704 Sq Ft
$184/Sq Ft Est. Value

Last Sold January 04, 2019

Last sale price $140,000 $82 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $1,772/month

606 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Property has 3 Levels
  • Cooling Available

About This Home

As of January 2019

Three duplexes in a desirable rental area make this a great investment opportunity. 507, 517, and 523 Mountain Ridge Rd are contiguous to each other in a quiet Red Bank neighborhood. They offer expansive yards with privacy as well as quick access to downtown and Hixson. Total GMI for the 6 units is $4,150, and they are always 100% occupied. Letter of intent required prior to viewing the interior of the properties. All three can be purchased for $425,000.

Last Agent to Sell the Property

Grace Frank

Zach Taylor Chattanooga Brokerage Phone: 4232083834 License #1182770,339584,305329 Listed on: 04/06/2017

Last Buyer's Agent

Eddie Bodkin

Zach Taylor Chattanooga License #331596

Zach Taylor Chattanooga

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,772

Year Built

  • Built in 1975

Lot Details

  • Lot Dimensions are 112.95x218.46

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,704 Sq Ft Home
  • Property has 3 Levels

Schools

  • Red Bank Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 117K B 014

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Mountain Ridge Subdivision

Building Details

  • Gross Income $15,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,772

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1975
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 4232083834
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 1704
  • 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

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 112.95x218.46
  • Lot Size Units: Acres
  • Parcel #: 117K B 014
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 15900
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1772

MLS Schools

  • Elementary School: Red Bank 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

Closed on
Jun 29, 2022
Sold by
Donald Santangelo Marcus
Bought by
Santangelo Family Trust
Current Estimated Value
$313,928

Purchase Details

Listed on
Apr 6, 2017
Closed on
Jan 4, 2019
Sold by
Rbr Porperties Llc
Bought by
Santangelo Marcus Donald
Seller's Agent
Grace Frank
Zach Taylor Chattanooga
Buyer's Agent
Eddie Bodkin
Zach Taylor Chattanooga
List Price
$450,000
Sold Price
$140,000
Premium/Discount to List
-$310,000
-68.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.71%
Original Mortgage
$105,000
Interest Rate
4.8%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Santangelo Family Trust -- None Listed On Document
Santangelo Marcus Donald $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santangelo Marcus Donald $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2019 01/04/19 Sold $140,000 -68.9% $82 / Sq Ft
12/03/2018 12/03/18 Pending -- -- --
04/06/2017 04/06/17 For Sale $450,000 -- $264 / 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 $1,278 $57,120 $0 $0
2023 $2,372 $57,120 $0 $0
2022 $1,955 $57,120 $0 $0
2021 $2,339 $57,120 $0 $0
2020 $1,838 $33,920 $0 $0
2019 $1,838 $33,920 $0 $0
2018 $1,838 $33,920 $0 $0
2017 $1,768 $33,920 $0 $0
2016 $1,772 $0 $0 $0
2015 $1,763 $32,640 $0 $0
2014 $1,763 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Grace Frank

    Seller's Agent in 2019

    Grace Frank

    Zach Taylor Chattanooga

    (423) 208-3834

    2 in this area

    154 Total Sales

    Grace Frank
    Section Image
  • Eddie Bodkin

    Buyer's Agent in 2019

    Eddie Bodkin

    Zach Taylor Chattanooga

    (423) 665-7355

    1 in this area

    15 Total Sales

    Eddie Bodkin
    Section Image
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Map

Source: Realtracs

MLS Number: 2419170

Realtracs

APN: 117K-B-014

Tennessee Hamilton County Chattanooga 37405

517 Mountain Ridge Rd, Chattanooga, TN

This home is located at 517 Mountain Ridge Rd, Chattanooga, TN 37405 since 06 April 2017 and is currently estimated at $313,928, approximately $184 per square foot. This property was built in 1975. 517 Mountain Ridge Rd is a home located in Hamilton County with nearby schools including Red Bank Elementary School, Red Bank Middle School, and Red Bank High School.

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