NOT LISTED FOR SALE

Estimated Value: $137,246 - $172,000

-- Bed
2 Baths
1,518 Sq Ft
$101/Sq Ft Est. Value

Last Sold August 15, 2016

Last sale price $43,000 $28 Per Sq Ft

Est. 255% increase in value since last sale

Current estimated payment $853/month

37 Days on Market

Highlights

  • Private Yard
  • Brick Exterior Construction
  • Baseboard Heating
  • No HOA
  • Living Room
  • Garage

About This Home

As of August 2016

This building has two units, side A tenant has vacated, the unit has been remodeled with Stove and Refrigerator included. Side B is presently occupied at a rental rate of $500 per month, section 8 tenant. In side B the appliances do not covey including the window air units. Both units have wall heat. The roof was replaced on the building within the last year. PLEASE NOTE the GMI is estimated with the vacant unit potential rent. Buidling is being sold ''As Is''. Based on termite inspection The following was found:
1.Previous evidence of subterranean termite activity, could not find any current activity.
2.Wood debris laying in crawl space. Wood on ground is conducive to termite activity.
3.Wood decay fungus on subfloor in crawl space.
4.Insufficient moisture barrier in crawl space.

Based on this information, seller is correcting the issues with a cerified Pest Control Company:
1.Remove the wood debris from the crawl space.
2.Add additional material to the moisture barrier.
3.Treat the subfloor for the control of wood decay fungus. This treatment would also serve as a barrier against future termite infestations.

Last Agent to Sell the Property

Elaine Collins

Choo Choo Realty Listed on: 05/21/2016

Last Buyer's Agent

Austin Heithcock

Keller Williams Realty License #334862

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $913

Year Built

  • Built in 1958

Lot Details

  • Lot Dimensions are 65x140
  • Level Lot
  • Private Yard

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,518 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Partial Basement
  • Stove
  • Washer and Dryer Hookup

Parking

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

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number 167n E 047

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Piney Woods Subdivision

Building Details

  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$913

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 65X140
  • Subdivision Name: Piney Woods
  • Directions: Rossvile Blvd to right on Workman Rd, left on Wilson Rd turn right onto 52nd, building on left.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 1518.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1958
  • Location Tax and Legal Parcel Number2: 167n E 047
  • Location Tax and Legal Elementary School: East Lake Elementary
  • Location Tax and Legal High School: Howard School of Academics & Tech
  • Location Tax and Legal:Tax Annual Amount: 913.36
  • 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: 65X140
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Utilities Sewer Connected: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: East Lake Academy of Fine Arts
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: Yes
  • Cooling:None5: Yes
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Has Basement: Partial
  • Basement YN: Yes
  • Fireplace: No
  • Basement:Partial: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Features: Private Yard
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Private Yard: 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: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Parcel #: 167n E 047

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 13200.0

Tax Info

  • Tax Annual Amount: 913.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2016
Closed on
Aug 15, 2016
Sold by
Breitbart Sheila
Bought by
Edwards Enterprises Llc
Seller's Agent
Elaine Collins
Choo Choo Realty
Buyer's Agent
Austin Heithcock
Keller Williams Realty
List Price
$52,000
Sold Price
$43,000
Premium/Discount to List
-$9,000
-17.31%
Current Estimated Value
$152,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,562
Avg. Annual Appreciation
14.84%

Purchase Details

Closed on
Feb 17, 2010
Sold by
Kennedy Charles and Kennedy Charles Lovette
Bought by
Breitbart P Robert and Breitbart Sheila

Purchase Details

Closed on
Mar 10, 2006
Sold by
Breitbart P Robert and Breitbart Sheila
Bought by
Kennedy Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
6.05%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 2, 2004
Sold by
Breibart P Robert
Bought by
Breitbart Sheila
Source: Public Records

Range of Values:

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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
Edwards Enterprises Llc $43,000 Premier Land Title
Breitbart P Robert -- First Title
Kennedy Charles $47,500 First Title
Breitbart Sheila -- First Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kennedy Charles $47,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2016 08/15/16 Sold $43,000 -17.3% $28 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
05/21/2016 05/21/16 For Sale $52,000 -- $34 / 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 $478 $17,280 $0 $0
2019 $478 $17,280 $0 $0
2018 $520 $17,280 $0 $0
2017 $478 $17,280 $0 $0
2016 $498 $0 $0 $0
2015 $1,029 $18,000 $0 $0
2014 $1,029 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1246515

Greater Chattanooga REALTORS®

APN: 167N-E-047