NOT LISTED FOR SALE

Estimated Value: $103,132 - $173,000

-- Bed
2 Baths
1,456 Sq Ft
$101/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $71,900 $49 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $844/month

5 Days on Market

Highlights

  • No HOA
  • Brick Exterior Construction
  • Living Room
  • Eat-In Kitchen
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

About This Home

As of May 2019

ATTENTION INVESTORS....Absolutely incredible opportunity to own this brick duplex in the St Elmo area, which is one of the hottest real estate markets in our entire region. This property is already tenant occupied and has 2 bedrooms and a full bath on each side. The roof has been upgraded to a metal roof in the last couple of years and it is built on a slab, which alleviates sub floor issues. Property is currently leased at a rate of $475 per unit for a total of $950 per month. At the current price this offers the investor over a 15% return. Please call today and send offers quickly because this is a rare opportunity and will not last long.

Last Agent to Sell the Property

Melissa Whitsett

Keller Williams Realty License #200764 Listed on: 04/24/2019

Last Buyer's Agent

Dawn Pettway

Crye-Leike, REALTORS License #331359

Crye-Leike, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $774

Year Built

  • Built in 1958

Lot Details

  • Lot Dimensions are 50x145
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 1,456 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Schools

  • Calvin Donaldson Elementary School
  • East Lake Academy Of Fine Arts Middle School
  • Howard School Of Academics & Tech High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 167o Q 034

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $11,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$774

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 50X145
  • Subdivision Name: None
  • Directions: From I-24 W, merge onto Rossville Blvd via exit 180B, T/R onto E 37th St, E 37th becomes E 38th St, T/L onto Central Ave, T/R onto Lee Ave, T/R onto O'Leary St, duplex on right
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1456.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1958
  • Location Tax and Legal Parcel Number2: 167o Q 034
  • Location Tax and Legal Elementary School: Calvin Donaldson Elementary
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 774.48
  • 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 Dimensions: 50X145
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Water Source:Public: Yes
  • Foundation Details Slab: Yes
  • Location Tax and Legal Middle or Junior School: East Lake Academy of Fine Arts
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Cooling:Window Unit(s): Yes
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Cooling Wall Unit(s): Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Foundation Details: Slab
  • Roof: Metal
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes
  • ConstructionSiding:Roof Metal: 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: Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Calvin Donaldson Elementary
  • High School: Howard School of Academics & Tech
  • Middle Or Junior School: East Lake Academy of Fine Arts

Lot Info

  • Parcel #: 167o Q 034

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 11400.0

Tax Info

  • Tax Annual Amount: 774.48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2015
Sold by
Hughes Thomas W and Hughes Yvonne E
Bought by
Hughes C Shawn and Hughes Tammy
Current Estimated Value
$147,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Outstanding Balance
$32,970
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$118,200

Purchase Details

Closed on
Dec 10, 2012
Sold by
Adelphos Of Chattanooga Llc
Bought by
Hughes Thomas W and Hughes Yvonne E

Purchase Details

Closed on
Dec 5, 2011
Sold by
Bank Of America Na
Bought by
Aldelphos Of Chattanooga Llc

Purchase Details

Closed on
Jul 5, 2011
Sold by
Coppage Oceleia L and Coppage Grady O
Bought by
Bank Of America N A

Purchase Details

Closed on
Feb 23, 2009
Sold by
Coppage Grady O and Coppage Oceleia L
Bought by
Coppage Enterprises I Inc

Purchase Details

Closed on
Mar 28, 2006
Sold by
Coppage Buddy and Coppage Grady O
Bought by
Coppage Oceleia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,250
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Hughes C Shawn $52,000 Rlty Title & Escrow Svcs Inc
Hughes Thomas W $40,000 Realty Title & Escrow Servic
Aldelphos Of Chattanooga Llc $16,000 Servicelink Hopewell Campus
Bank Of America N A $12,600 None Available
Coppage Enterprises I Inc -- First Title
Coppage Oceleia -- First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hughes C Shawn $52,000
Previous Owner Coppage Grady O $50,250
Previous Owner Coppage Buddy $41,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2019 05/15/19 Sold $71,900 -4.0% $49 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $74,900 -- $51 / 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
2024 $494 $22,080 $0 $0
2023 $494 $22,080 $0 $0
2022 $494 $22,080 $0 $0
2021 $494 $22,080 $0 $0
2020 $425 $15,360 $0 $0
2019 $425 $15,360 $0 $0
2018 $476 $15,360 $0 $0
2017 $425 $15,360 $0 $0
2016 $431 $0 $0 $0
2015 $907 $15,600 $0 $0
2014 $907 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1298190

Greater Chattanooga REALTORS®

APN: 167O-Q-034