Seller's Agent in 2022
Lisa Headrick
Elite Realtors LLC
(423) 593-8052
2 in this area
72 Total Sales
712 Summitt Ave Chattanooga, TN 37412
Estimated Value: $310,000 - $608,000
Studio
4
Baths
3,000
Sq Ft
$143/Sq Ft
Est. Value
Highlights
- No HOA
- Living Room
- Garage
- Multiple cooling system units
- Central Heating and Cooling System
About This Home
As of October 2022INVESTOR OPPORTUNITY!! Here's your chance to finish a remodel of current owner from a 3/2 duplex to a 1/1 quadraplex similar to adjoining property. Own rental property in up and coming East Ridge near all that the Red Wolves Soccer Stadium is bringing to the city. Close to Camp Jordan, Top Golf and Bass Pro Shop. Also very easy access to I-24 to downtown Chatt. Current owner had applied for R3 rezoning to allow for STVR back during Covid shutdown but never finished the process. THIS BUILDING IS CURRENTLY NOT BEING RENTED AS OWNER WAS IN PROCESS OF REMODEL/CONVERSION. **Gross rent number for informational purposes similar to adjacent property because MLS requires a number to input property. Two properties in close proximity are R3. Owner/Investor also selling two adjoining properties ; one with a fully rented quadraplex and a vacant lot zoned R2 all may be purchased as a package. SEE. MLS # 1361965 and MLS #1361966
Last Agent to Sell the Property
Elite Realtors LLC License #209452 Listed on: 09/05/2022
Last Buyer's Agent
Tevan Holder
Keller Williams Realty
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1976
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 25x127.4
- Sloped Lot
Home Design
- Quadruplex
- Shingle Roof
- Stucco
Interior Spaces
- 3,000 Sq Ft Home
- 2-Story Property
- Living Room
- Washer and Dryer Hookup
- Unfinished Basement
Parking
- Garage
- Parking Accessed On Kitchen Level
- Off-Street Parking
Schools
- East Ridge Elementary School
- East Ridge Middle School
- East Ridge High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 156l C 004
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Gross Income $31,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 5, 2022
Closed on
Oct 12, 2022
Sold by
Stallard Ricky Lynn and Stallard Angela Lynn
Bought by
Minnick Nerissa
Seller's Agent
Lisa Headrick
Elite Realtors LLC
Buyer's Agent
Tevan Holder
Keller Williams Realty
List Price
$220,000
Sold Price
$220,000
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
$209,667
Avg. Annual Appreciation
21.55%
Purchase Details
Listed on
Sep 5, 2022
Closed on
Sep 20, 2022
Sold by
Stallard Roma L
Bought by
Stallard Ricky Lynn and Stutz Angela Lynn
Seller's Agent
Lisa Headrick
Elite Realtors LLC
Buyer's Agent
Tevan Holder
Keller Williams Realty
List Price
$220,000
Sold Price
$220,000
Purchase Details
Closed on
Feb 11, 2011
Sold by
Stallard Rick
Bought by
Stallard Roma L
Purchase Details
Closed on
Jun 9, 2004
Sold by
Khrs Llc
Bought by
Stallard Roma and Stallard Rick
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,000
Interest Rate
6.3%
Mortgage Type
Construction
Purchase Details
Closed on
Mar 19, 1997
Sold by
Anderson Betty Parks and Anderson Betty P
Bought by
Anderson Daniel W
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Minnick Nerissa | $220,000 | -- | |
| Stallard Ricky Lynn | -- | Elite Title | |
| Stallard Roma L | -- | None Available | |
| Stallard Roma | $229,000 | Elite Title Co Llc | |
| Anderson Daniel W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Stallard Roma | $459,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/12/2022 10/12/22 | Sold | $220,000 | 0.0% | $73 / Sq Ft |
| 09/09/2022 09/09/22 | Pending | -- | -- | -- |
| 09/05/2022 09/05/22 | For Sale | $220,000 | -- | $73 / Sq Ft |
Source: Greater Chattanooga REALTORS®
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 | $2,319 | $153,000 | $0 | $0 |
| 2024 | $2,255 | $100,800 | $0 | $0 |
| 2023 | $3,551 | $100,800 | $0 | $0 |
| 2022 | $3,551 | $100,800 | $0 | $0 |
| 2021 | $3,971 | $100,800 | $0 | $0 |
| 2020 | $2,793 | $56,960 | $0 | $0 |
| 2019 | $2,793 | $56,960 | $0 | $0 |
| 2018 | $2,955 | $56,960 | $0 | $0 |
| 2017 | $2,955 | $56,960 | $0 | $0 |
| 2016 | $2,957 | $0 | $0 | $0 |
| 2015 | $2,957 | $55,840 | $0 | $0 |
| 2014 | $2,795 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lisa Headrick
-
T
Buyer's Agent in 2022
Tevan Holder
Keller Williams Realty
-
Tevan Pickett
T
Buyer's Agent in 2022
Tevan Pickett
Keller Williams Realty
(931) 409-2579
7 in this area
158 Total Sales
-
A
Buyer Co-Listing Agent in 2022
Adrienne Green
Keller Williams Realty
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1361964
APN: 156L-C-004
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