M
Seller's Agent in 2020
Melissa Faircloth
Faircloth Realty
(423) 400-2082
2 in this area
24 Total Sales
628 Pan Gap Rd Chattanooga, TN 37419
Lookout Valley NeighborhoodEstimated Value: $164,295 - $359,000
--
Bed
2
Baths
3,200
Sq Ft
$73/Sq Ft
Est. Value
Highlights
- 0.5 Acre Lot
- Deck
- Brick or Stone Mason
- Open Floorplan
- No HOA
- Patio
About This Home
As of November 2020Truly a rare find! 2 Duplexes side by side located in desirable Lookout Valley. This area is home to 17 hotels and is a hot spot for housing which is very limited. The many upscale subdivisions and proximity to Downtown Chattanooga make this areas real estate highly sought after. The supply can't meet the demand! Only 6 miles from the middle of Downtown Chattanooga, TN. Sitting at the bottom of Elder Mountian.
628 Pan Gap Rd & 3463 Cagle Rd
Unit A just rented for $750
Unit B is vacant
Unit C currently rent is $425
Unit D currently rent is $425
Owner/ Agent
Last Agent to Sell the Property
Faircloth Realty License #320405 Listed on: 09/18/2020
Last Buyer's Agent
Wade Kelley
EXP Realty LLC
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1986
Lot Details
- 0.5 Acre Lot
- Gentle Sloping Lot
Parking
- Off-Street Parking
Home Design
- Duplex
- Brick or Stone Mason
- Slab Foundation
- Shingle Roof
- Stone
Interior Spaces
- 3,200 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Living Room
- Stove
- Washer and Dryer Hookup
Outdoor Features
- Deck
- Patio
Schools
- Lookout Valley Elementary School
- Lookout Valley Middle School
- Lookout Valley High School
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 144c A 009 & 114c A 010
Community Details
Overview
- No Home Owners Association
- 4 Units
- Burns Ests Subdivision
Building Details
- Gross Income $19,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2020
Closed on
Nov 10, 2020
Sold by
Faircloth Justin Ryan and Faircloth Melissa D
Bought by
Folbrecht Nathan Robert
Seller's Agent
Melissa Faircloth
Faircloth Realty
Buyer's Agent
Wade Kelley
EXP Realty LLC
List Price
$239,900
Sold Price
$110,000
Premium/Discount to List
-$129,900
-54.15%
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
$171,092
Avg. Annual Appreciation
20.97%
Original Mortgage
$82,875
Outstanding Balance
$74,583
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$196,656
Purchase Details
Closed on
Feb 25, 2020
Sold by
Fountain Anthony R and Fountain Shirley E
Bought by
Ryan Faircloth Justin and Faircloth Melissa D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
3.6%
Mortgage Type
Unknown
Purchase Details
Closed on
Sep 11, 1995
Bought by
Fountain Anthony R and Fountain Shirl
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Folbrecht Nathan Robert | $110,500 | None Available | |
| Ryan Faircloth Justin | $147,000 | First Title | |
| Fountain Anthony R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Folbrecht Nathan Robert | $82,875 | |
| Previous Owner | Ryan Faircloth Justin | $147,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/12/2020 11/12/20 | Sold | $110,000 | -54.1% | $34 / Sq Ft |
| 09/21/2020 09/21/20 | Pending | -- | -- | -- |
| 09/18/2020 09/18/20 | For Sale | $239,900 | -- | $75 / 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 | $977 | $43,680 | $0 | $0 |
| 2023 | $977 | $43,680 | $0 | $0 |
| 2022 | $977 | $43,680 | $0 | $0 |
| 2021 | $977 | $43,680 | $0 | $0 |
| 2020 | $927 | $33,520 | $0 | $0 |
| 2019 | $927 | $33,520 | $0 | $0 |
| 2018 | $890 | $33,520 | $0 | $0 |
| 2017 | $927 | $33,520 | $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
-
-
W
Buyer's Agent in 2020
Wade Kelley
EXP Realty LLC
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1324624
APN: 144C-A-009
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