NOT LISTED FOR SALE

602 Mountain Trail Hixson, TN 37343

Dupont Neighborhood

Estimated Value: $227,910 - $324,000

Studio
2 Baths
2,048 Sq Ft
$139/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $230,000 $112 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,566/month

88 Days on Market

Highlights

  • Deck
  • Brick Exterior Construction
  • Living Room
  • No HOA
  • Patio
  • Central Heating and Cooling System

About This Home

As of September 2022

Townhouse style duplex with 2 bedrooms and 1.5 baths per side. Strong rental submarket in Hixson. Units have not been updated in more than 5 years but have been maintained. Major upside in rents. Similar units nearby are renting at $1250 and higher a month. Showings only with accepted offer so as not to inconvenience tenants.

Last Agent to Sell the Property

Ben Van Gaasbeek

RealSmart License #325574 Listed on: 06/06/2022

Last Buyer's Agent

Ben Van Gaasbeek

RealSmart License #325574 Listed on: 06/06/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,262

Year Built

  • Built in 1970

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 98.6x126.6
  • Level Lot

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 2,048 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Stove
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Schools

  • Alpine Crest Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 099m A 011

Community Details

Overview

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

Building Details

  • Gross Income $19,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,262

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.31
  • Lot Size: 98.6X126.6
  • Subdivision Name: Mountain Wood
  • Directions: Gann Rd, to Delashmitt to Mountain Trail.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 2048.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1970
  • Location Tax and Legal Parcel Number2: 099m A 011
  • Location Tax and Legal Elementary School: Alpine Crest Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 2261.6
  • 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: 0.31
  • General Property Information Lot Size Square Feet2: 13503.6
  • General Property Information Lot Size Dimensions: 98.6X126.6
  • General Property Information View YN2: No
  • 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: Townhouse style duplex with 2 bedrooms and 1.5 baths per side. Strong rental submarket in Hixson. Units have not been updated in more than 5 years but have been maintained. Major upside in rents. Similar units nearby are renting at $1250 and higher a month. Showings only with accepted offer so as not to inconvenience tenants.
  • Utilities Sewer Connected: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Red Bank Middle
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Basement:Crawl Space: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: 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: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Heating:Central: Yes

Condo/Co-op/Association

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

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Alpine Crest Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 13503.6
  • Parcel #: 099m A 011
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 19704.0

Tax Info

  • Tax Annual Amount: 2261.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Sep 9, 2022
Sold by
Mmsm Llc
Bought by
Swan Thomas Mathew and Swan Shannon Nicole
Seller's Agent
Ben Van Gaasbeek
RealSmart
Buyer's Agent
Ben Van Gaasbeek
RealSmart
List Price
$265,000
Sold Price
$230,000
Premium/Discount to List
-$35,000
-13.21%
Current Estimated Value
$285,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,478
Avg. Annual Appreciation
6.81%

Purchase Details

Closed on
Feb 5, 2021
Sold by
Shiau Jye Fu and Revocable Trust Agmt Of Jye Fu
Bought by
Mmsm Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,363,094
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 19, 2005
Sold by
Shiau Jye Fu
Bought by
Shiau Jye Fu and Revocable Trust Agreement Jye Fu Shiau
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Swan Thomas Mathew $34,042 --
Mmsm Llc $1,335,516 Title Guaranty & Trust Co
Shiau Jye Fu -- First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mmsm Llc $1,363,094
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2022 09/27/22 Sold $230,000 -13.2% $112 / Sq Ft
09/02/2022 09/02/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $265,000 -- $129 / 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
2025 $873 $57,600 $0 $0
2024 $705 $31,500 $0 $0
2023 $1,128 $50,400 $0 $0
2022 $1,128 $50,400 $0 $0
2021 $1,128 $50,400 $0 $0
2020 $965 $34,880 $0 $0
2019 $965 $34,880 $0 $0
2018 $921 $34,880 $0 $0
2017 $965 $34,880 $0 $0
2016 $927 $0 $0 $0
2015 $1,816 $33,520 $0 $0
2014 $1,816 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1356498

Greater Chattanooga REALTORS®

APN: 099M-A-011