C
Seller's Agent in 2024
Chase Buckner
Freestone Property Group
(678) 787-0156
2 in this area
78 Total Sales
549 S Crest Dr Chattanooga, TN 37404
Ridgedale-Oak Grove NeighborhoodEstimated Value: $518,000 - $802,315
--
Bed
5
Baths
4,420
Sq Ft
$162/Sq Ft
Est. Value
Highlights
- Open Floorplan
- No HOA
- Fireplace
- Deck
- Formal Dining Room
- Eat-In Kitchen
About This Home
As of November 2024Don't miss this unique opportunity to own a turnkey Quadplex on the crest of Historical Missionary Ridge. Property is being sold fully furnished! This Quadplex has been thoughtfully designed and maintained to incorporate both original charm and tasteful updates. Enter inside to find beautifully restored hardwood floors, high ceilings, and an abundance of natural light. In addition, views from the back of the property boasts 180 degree views of downtown Chattanooga and Lookout Mountain.
Each of the four units are fully furnished and leased on a mid-term basis with tenants staying anywhere from 3 to 24 months. Demand is such that vacancies are virtually non-existent. The property is currently fully occupied and grossing $6800/mo.
Unit mix consists of three-1 bedroom apartments, and one 2-bedroom apartment. Each is complete with full kitchens, living/dining areas, washer/dryer closets, and master suites.
Please be respectful of tenants and do not trespass. Don't hesitate to reach out directly for further information.
Last Agent to Sell the Property
Freestone Property Group License #357400 Listed on: 07/03/2024
Last Buyer's Agent
Comps Non Member Licensee
COMPS ONLY
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,136
Year Built
- Built in 1921
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 90x121.5
Parking
- Off-Street Parking
Home Design
- Quadruplex
- Shingle Roof
- Aluminum Siding
- Stone
Interior Spaces
- 4,420 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Fireplace
- Living Room
- Formal Dining Room
- Basement
- Basement Cellar
- Washer and Dryer Hookup
- Property Views
Kitchen
- Eat-In Kitchen
- Stove
- Microwave
Outdoor Features
- Deck
- Patio
Schools
- East Ridge Elementary School
- East Ridge Middle School
- East Ridge High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Utilities Included
- The owner pays for all utilities
- Assessor Parcel Number 168j T 014
Community Details
Overview
- No Home Owners Association
- 4 Units
- Missionary Ridge Subdivision
Building Details
- Gross Income $81,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2024
Closed on
Oct 24, 2024
Sold by
Summers Howard
Bought by
Castellanos Miguel and Castellanos Michelle
Seller's Agent
Chase Buckner
Freestone Property Group
Buyer's Agent
Comps Non Member Licensee
COMPS ONLY
List Price
$815,000
Sold Price
$795,000
Premium/Discount to List
-$20,000
-2.45%
Views
46
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$78,421
Avg. Annual Appreciation
-10.06%
Original Mortgage
$545,000
Outstanding Balance
$539,544
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$177,035
Purchase Details
Closed on
Jan 30, 2024
Sold by
Tommey Kenneth and Tommey Kim
Bought by
Summers Howard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$713,450
Interest Rate
6.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 31, 1999
Sold by
David Tommey
Bought by
Tommey Kenneth and Tommey Kim
Purchase Details
Closed on
Oct 2, 1998
Sold by
Hawkins Gary R
Bought by
Tommey David and Tommey Kenny
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,139
Interest Rate
6.95%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Castellanos Miguel | $795,000 | Foundation Title | |
| Summers Howard | $751,000 | Realty Title | |
| Tommey Kenneth | -- | -- | |
| Tommey David | $165,000 | Pioneer Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Castellanos Miguel | $545,000 | |
| Previous Owner | Summers Howard | $713,450 | |
| Previous Owner | Tommey David | $163,139 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2024 11/06/24 | Sold | $795,000 | -2.5% | $180 / Sq Ft |
| 08/24/2024 08/24/24 | Pending | -- | -- | -- |
| 07/03/2024 07/03/24 | For Sale | $815,000 | -- | $184 / Sq Ft |
Source: Greater Chattanooga REALTORS®
Tax History Compared to Growth
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 | $1,289 | $57,600 | $0 | $0 |
| 2023 | $2,062 | $92,160 | $0 | $0 |
| 2022 | $2,062 | $92,160 | $0 | $0 |
| 2021 | $2,062 | $92,160 | $0 | $0 |
| 2020 | $2,290 | $82,800 | $0 | $0 |
| 2019 | $2,290 | $82,800 | $0 | $0 |
| 2018 | $2,012 | $82,800 | $0 | $0 |
| 2017 | $2,290 | $82,800 | $0 | $0 |
| 2016 | $2,290 | $0 | $0 | $0 |
| 2015 | $4,317 | $82,800 | $0 | $0 |
| 2014 | $4,317 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Chase Buckner
-
C
Buyer's Agent in 2024
Comps Non Member Licensee
COMPS ONLY
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1395037
APN: 168J-T-014
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