Seller's Agent in 2024
Asher Black
Keller Williams Realty
(423) 551-9810
6 in this area
426 Total Sales
5727 N Morgan Ln Chattanooga, TN 37415
Falling Water Neighborhood
--
Bed
--
Bath
3,348
Sq Ft
0.34
Acres
Highlights
- No HOA
- Garage
- Level Lot
- Cooling System Mounted In Outer Wall Opening
- Fenced
- Heating Available
About This Home
As of March 2024Introducing 5727 N Morgan Ln - a quadplex investment opportunity providing passive income. Comprising three 2-bed units and one 1-bed unit, this rental property ensures a steady financial return. Each unit features back porches for tenants to unwind, and the expansive backyard adds a touch of outdoor charm. Don't miss this chance to invest in a property that blends practicality with the promise of consistent rental income.
Last Agent to Sell the Property
Keller Williams Realty License #359562 Listed on: 11/30/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,908
Year Built
- Built in 1960
Lot Details
- 0.34 Acre Lot
- Lot Dimensions are 191.7x178
- Fenced
- Level Lot
Home Design
- Quadruplex
- Slab Foundation
- Shingle Roof
Interior Spaces
- 3,348 Sq Ft Home
- 2-Story Property
Parking
- Garage
- Parking Accessed On Kitchen Level
Schools
- Hixson Elementary School
- Red Bank Middle School
- Red Bank High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 099c C 007
Community Details
Overview
- No Home Owners Association
- 4 Units
- Hetzel Subdivision
Building Details
- Gross Income $41,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 30, 2023
Closed on
Mar 13, 2024
Sold by
4 Rent West Llc
Bought by
Allen Blake
Seller's Agent
Asher Black
Keller Williams Realty
Buyer's Agent
Carmen Klapper
Compass Tennessee
List Price
$550,000
Sold Price
$508,000
Premium/Discount to List
-$42,000
-7.64%
Views
84
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
$123,329
Avg. Annual Appreciation
15.37%
Original Mortgage
$320,000
Outstanding Balance
$315,295
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$316,034
Purchase Details
Closed on
Feb 14, 2022
Sold by
Property Link Llc
Bought by
4 Rent West Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
3.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 18, 2020
Sold by
Vollman Steve
Bought by
Property Link Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 1, 2020
Sold by
Reynolds Sandra G
Bought by
Vollman Steve and Vollman Sd Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 7, 2009
Sold by
Reynolds Jerry P
Bought by
Reynolds Jerry P and Reynolds Sandra G
Purchase Details
Closed on
Aug 31, 1998
Sold by
Eugene Denham Charles and Eugene Ann Judith
Bought by
Reynolds Jerry P and Reynolds Donna B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.92%
Mortgage Type
Commercial
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $508,000 | Cumberland Title & Guaranty | |
| Quit Claim Deed | -- | Amp Title Llc | |
| Quit Claim Deed | -- | Blueprint Title Llc | |
| Warranty Deed | $360,000 | Blueprint Title Tn | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $85,000 | First Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $320,000 | New Conventional | |
| Previous Owner | $262,500 | New Conventional | |
| Previous Owner | $350,000 | New Conventional | |
| Previous Owner | $64,000 | Commercial | |
| Previous Owner | $68,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/13/2024 03/13/24 | Sold | $508,000 | -7.6% | $152 / Sq Ft |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- |
| 11/30/2023 11/30/23 | For Sale | $550,000 | -- | $164 / 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 | $1,450 | $64,800 | $0 | $0 |
| 2023 | $1,450 | $64,800 | $0 | $0 |
| 2022 | $1,450 | $64,800 | $0 | $0 |
| 2021 | $1,450 | $64,800 | $0 | $0 |
| 2020 | $1,335 | $48,280 | $0 | $0 |
| 2019 | $1,335 | $48,280 | $0 | $0 |
| 2018 | $1,352 | $48,280 | $0 | $0 |
| 2017 | $1,335 | $48,280 | $0 | $0 |
| 2016 | $1,335 | $0 | $0 | $0 |
| 2015 | $2,680 | $48,280 | $0 | $0 |
| 2014 | $2,680 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Asher Black
-
Carmen Klapper
Buyer's Agent in 2024
Carmen Klapper
Compass Tennessee
(615) 425-6976
2 in this area
29 Total Sales
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1383511
APN: 099C-C-007
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