NOT LISTED FOR SALE

Estimated Value: $803,000 - $954,310

Studio
5 Baths
3,950 Sq Ft
$217/Sq Ft Est. Value

Sale Details

Date Sold: July 6, 2023

Last sale price $875,000 $222 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,944 / mo

Highlights

  • 0.34 Acre Lot
  • Den
  • Brick Exterior Construction
  • No HOA
  • Eat-In Kitchen
  • Views

About This Home

As of July 2023

Welcome to 563 S Crest, Chattanooga, TN 37404 – a profitable turnkey investment opportunity featuring a 5-unit apartment complex with recently renovated units. Enjoy breathtaking brow views of downtown scenic city Chattanooga from each unit. With a monthly income of $6,865, this property ensures solid cash flow. The complex consists of four 2-bedroom, 1-bathroom units (840 sq ft each) and one 1-bedroom, 1-bathroom unit (610 sq ft). Prime location, gorgeous views, and modern renovations make this a standout investment. Don't miss out – contact us today!

Last Agent to Sell the Property

Mac Hibbett

Crye-Leike, REALTORS License #TN321037 Listed on: 07/06/2023

Crye-Leike, REALTORS

Last Buyer's Agent

Mac Hibbett

Crye-Leike, REALTORS License #TN321037 Listed on: 07/06/2023

Crye-Leike, REALTORS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,514

Year Built

  • Built in 1947

Lot Details

  • 14,810 Sq Ft Lot
  • Lot Dimensions are 98x150.9
  • Sloped Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Stone

Interior Spaces

  • 3,950 Sq Ft Home
  • 1-Story Property
  • Den
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Stove

Parking

  • Garage
  • Parking Accessed On Kitchen Level
  • Off-Street Parking

Schools

  • East Ridge Elementary School
  • East Ridge Middle School
  • East Ridge High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 168j T 016

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Gross Income $82,380

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,514

Year Built

Built in 1947

Lot Details

0.34 Acres

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Lot Size: 98X150.9
  • Subdivision Name: None
  • Directions: 24 East to East Ridge Exit, right at roundabout onto 29th, left on Westside Drive, right on S. Crest.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • Living Area: 3950.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1947
  • Cooling:Electric: Yes
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 168j T 016
  • Location Tax and Legal Elementary School: East Ridge Elementary
  • Location Tax and Legal High School: East Ridge High
  • Location Tax and Legal:Tax Annual Amount: 5513.99
  • 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: 0.34
  • General Property Information Lot Size Square Feet2: 14810.4
  • General Property Information Lot Size Dimensions: 98X150.9
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Welcome to 563 S Crest, Chattanooga, TN 37404 – a profitable turnkey investment opportunity featuring a 5-unit apartment complex with recently renovated units. Enjoy breathtaking brow views of downtown scenic city Chattanooga from each unit. With a monthly income of $6,865, this property ensures solid cash flow. The complex consists of four 2-bedroom, 1-bathroom units (840 sq ft each) and one 1-bedroom, 1-bathroom unit (610 sq ft). Prime location, gorgeous views, and modern renovations make this a standout investment. Don't miss out – contact us today!
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Ridge Middle
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: Yes
  • Levels:One and One Half: Yes
  • General Property Information Number Of Units Total2: 5.0
  • Unit 1 Den3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 2 Den4: Yes
  • Unit 3 Den5: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Unit 4 Washer Dryer Hookups4: Yes
  • Unit 4 Den6: Yes
  • Special Features: None
  • Stories: 1

Interior Features

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

Exterior Features

  • Lot Features: Brow Lot, Sloped
  • View: Other
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Stone, Other
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Sloped: Yes
  • Construction Materials:Stone: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • 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: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: East Ridge Elementary
  • High School: East Ridge High
  • Middle Or Junior School: East Ridge Middle

Lot Info

  • Lot Size Sq Ft: 14810.4
  • Parcel #: 168j T 016
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 82380.0

Tax Info

  • Tax Annual Amount: 5513.99

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Jul 6, 2023
Sold by
Bought by
Seller's Agent
Mac Hibbett
Crye-Leike, REALTORS
Buyer's Agent
Mac Hibbett
Crye-Leike, REALTORS
List Price
$875,000
Sold Price
$875,000
Views
20
Current Estimated Value
$857,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,672
Avg. Annual Appreciation
-0.66%
Original Mortgage
$350,000
Interest Rate
0.0657%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 11, 2022
Closed on
May 20, 2022
Sold by
Bought by
Seller's Agent
Sabrena Turner
Zach Taylor - Chattanooga
Buyer's Agent
Mac Hibbett
Crye-Leike, REALTORS
List Price
$650,000
Sold Price
$650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.40%
Original Mortgage
$25,000,000
Interest Rate
0.0525%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
0.0511%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 1999
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$875,000 Realty Title
$650,000 Realty Title
$335,000 Alliance Title Llc
$105,500 None Available
$152,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $350,000
Previous Owner $25,000,000
Previous Owner $138,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/06/2023 07/06/23 Sold $875,000 0.0% $222 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $875,000 +34.6% $222 / Sq Ft
05/24/2022 05/24/22 Sold $650,000 0.0% $275 / Sq Ft View Prior Sale
04/13/2022 04/13/22 Pending -- -- --
04/11/2022 04/11/22 For Sale $650,000 +72122.2% $275 / Sq Ft
10/15/2012 10/15/12 Sold $900 0.0% $1 / Sq Ft View Prior Sale
10/15/2012 10/15/12 Pending -- -- --
09/06/2012 09/06/12 For Sale $900 -- $1 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,274 $216,000 $0 $0
2024 $2,749 $122,880 $0 $0
2023 $2,749 $122,880 $0 $0
2022 $2,749 $122,880 $0 $0
2021 $2,749 $122,880 $0 $0
2020 $3,242 $117,240 $0 $0
2019 $3,242 $117,240 $0 $0
2018 $2,796 $117,240 $0 $0
2017 $3,242 $117,240 $0 $0
2016 $3,242 $0 $0 $0
2015 $6,064 $117,240 $0 $0
2014 $6,064 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1376144

Greater Chattanooga REALTORS®

APN: 168J-T-016

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