Seller's Agent in 2023
Mac Hibbett
Crye-Leike, REALTORS
(423) 596-3004
68 in this area
238 Total Sales
709 Summit Ave Chattanooga, TN 37412
Estimated Value: $312,000 - $401,000
4
Beds
4
Baths
2,544
Sq Ft
$137/Sq Ft
Est. Value
About This Home
As of April 2024Don't miss this opportunity to own a turn key townhome style duplex in the heart of East Ridge! Each side has 2 spacious bedrooms, 1 full bathroom, and 1 half bathroom. This duplex is perfectly set up for investors or home owners wanting to build equity while off-setting their mortgage. Both units have been remodeled with new siding, new plumbing/bathrooms, remodeled kitchens, new water heaters and much more! Both units include all appliances - refrigerators, dishwashers, ovens, microwaves, and stackable washer/dryer units. Side A is vacant and can be owner occupied or rented. Side B has renters with a lease agreement that will end with new ownership. Current lease agreement is for $1600 per month plus utilities. Here's a great chance to secure a prime piece of real estate for your rental portfolio!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,275
Year Built
- Built in 1970
Home Design
- Duplex
- Brick Exterior Construction
- Aluminum Siding
Interior Spaces
- 2,544 Sq Ft Home
- Property has 3 Levels
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Schools
- East Ridge Elementary School
- East Ridge Middle School
- East Ridge High School
Utilities
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 156L B 002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 3, 2024
Closed on
Apr 5, 2024
Sold by
Edwards Dax and Edwards Bethany
Bought by
Moore Jennifer Marie and Moore Orman David
List Price
$359,900
Sold Price
$350,900
Premium/Discount to List
-$9,000
-2.5%
Views
14
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
-$13,048
Avg. Annual Appreciation
-0.18%
Original Mortgage
$263,175
Outstanding Balance
$257,822
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$91,739
Purchase Details
Listed on
Nov 27, 2022
Closed on
Jan 5, 2023
Sold by
Equity Advantage Llc
Bought by
Edwards Dax and Edwards Bethany
Seller's Agent
Mac Hibbett
Crye-Leike, REALTORS
Buyer's Agent
Shannon Miller
Real Broker
List Price
$289,500
Sold Price
$310,000
Premium/Discount to List
$20,500
7.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.42%
Original Mortgage
$304,385
Interest Rate
6.58%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 23, 2022
Sold by
Ray Randall E and Ray Teena A
Bought by
Music City Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 23, 2001
Sold by
Bowden Wesley George and Bowden Barbara H
Bought by
Ray Randall E and Ray Teena A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,391
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| Moore Jennifer Marie | $350,900 | Key Title | |
| Edwards Dax | $310,000 | Key Title | |
| Edwards Dax | $310,000 | Key Title | |
| Music City Holdings Llc | $140,000 | None Listed On Document | |
| Music City Holdings Llc | $140,000 | None Listed On Document | |
| Equity Advantage Llc | $175,000 | 1 | |
| Equity Advantage Llc | $175,000 | 1 | |
| Ray Randall E | $180,500 | -- |
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 | Moore Jennifer Marie | $263,175 | |
| Previous Owner | Edwards Dax | $304,385 | |
| Previous Owner | Equity Advantage Llc | $202,500 | |
| Previous Owner | Ray Randall E | $162,391 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/05/2024 04/05/24 | Sold | $350,900 | -2.5% | $138 / Sq Ft | |
| 03/03/2024 03/03/24 | Pending | -- | -- | -- | |
| 02/27/2024 02/27/24 | For Sale | $359,900 | +16.1% | $141 / Sq Ft | |
| 01/06/2023 01/06/23 | Sold | $310,000 | +7.1% | $122 / Sq Ft | View Prior Sale |
| 11/28/2022 11/28/22 | Pending | -- | -- | -- | |
| 11/27/2022 11/27/22 | For Sale | $289,500 | -- | $114 / Sq Ft |
Source: Realtracs
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 | $2,037 | $134,400 | $0 | $0 |
| 2024 | $2,577 | $115,200 | $0 | $0 |
| 2023 | $4,035 | $115,200 | $0 | $0 |
| 2022 | $1,658 | $47,040 | $0 | $0 |
| 2021 | $1,898 | $47,040 | $0 | $0 |
| 2020 | $2,183 | $46,920 | $0 | $0 |
| 2019 | $2,183 | $46,920 | $0 | $0 |
| 2018 | $2,183 | $46,920 | $0 | $0 |
| 2017 | $2,183 | $46,920 | $0 | $0 |
| 2016 | $2,082 | $0 | $0 | $0 |
| 2015 | $1,398 | $27,225 | $0 | $0 |
| 2014 | $1,398 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mac Hibbett
-
S
Buyer's Agent in 2023
Shannon Miller
Real Broker
Map
Source: Realtracs
MLS Number: 2711879
APN: 156L-B-002
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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