$76,500
SOLD SEP 2, 2014
-- Bed
-- Bath
1,915 Sq Ft
0.28 Acres

Recently Sold

$40 Per Sq Ft

12% Below List Price

270 Days on Market

Highlights

  • No HOA
  • Outdoor Storage
  • Level Lot
  • Brick Exterior Construction
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of April 2016

By Appointment Advance Notice, Tenant Occupied. Seller Disclosure on File. Investors this Duplex has great income potential. Located in the Midtown of Chattanooga - Brainerd. Hardwood floors Investors this Duplex has great income potential. Located in the Midtown of Chattanooga - Brainerd. Hardwood floors, private concrete drive way on each side.

Last Agent to Sell the Property

Velma Wilson

Bridge City Realty, LLC License #307885 Listed on: 11/17/2013

Last Buyer's Agent

Gina Mason

Bridge City Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,741

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 78x160
  • Level Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,915 Sq Ft Home
  • 1-Story Property
  • Basement
  • Crawl Space

Outdoor Features

  • Outdoor Storage

Schools

  • Woodmore Elementary School
  • Dalewood Middle School
  • Brainerd High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 147N H 015

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Gillespie Park Subdivision

Building Details

  • Gross Income $11,880

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,741

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 78X160
  • Subdivision Name: Gillespie Park
  • Directions: I-24 to North Moore left on Belle Vista, left on Caruthers RD. Duplex is on left
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1915.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1966
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 147N H 015
  • Location Tax and Legal Elementary School: Woodmore Elementary
  • Location Tax and Legal High School: Brainerd High
  • Location Tax and Legal:Tax Annual Amount: 1741.0
  • 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: 78X160
  • 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
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Dalewood Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • General Property Information Number Of Units Total2: 2.0
  • Special Features: None
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Basement:Crawl Space: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Features: Storage
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Storage: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Woodmore Elementary
  • High School: Brainerd High
  • Middle Or Junior School: Dalewood Middle

Lot Info

  • Parcel #: 147N H 015

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 11880.0

Tax Info

  • Tax Annual Amount: 1741.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2015
Closed on
Apr 11, 2016
Sold by
Lam Henny
Bought by
Johnson Jacob M and Red Tail Irrevocable Trust
Seller's Agent
Rose Pham
Century 21 Professional Group
Buyer's Agent
Comps Only
COMPS ONLY
List Price
$93,000
Sold Price
$85,000
Premium/Discount to List
-$8,000
-8.6%
Current Estimated Value
$227,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,102
Avg. Annual Appreciation
10.45%
Original Mortgage
$63,750
Outstanding Balance
$51,230
Interest Rate
3.62%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$164,686

Purchase Details

Listed on
Nov 17, 2013
Closed on
Sep 2, 2014
Sold by
Phipps Vincent I
Bought by
Lam Henny
Seller's Agent
Velma Wilson
Bridge City Realty, LLC
Buyer's Agent
Gina Mason
Bridge City Realty, LLC
List Price
$87,000
Sold Price
$76,500
Premium/Discount to List
-$10,500
-12.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%

Purchase Details

Closed on
Feb 28, 2005
Sold by
Day Jeannette C and Siniard Jeannette D
Bought by
Phipps Vincent I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,115
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 2001
Sold by
Siniard Mark A
Bought by
Siniard Jeanette D

Purchase Details

Closed on
May 28, 1999
Sold by
Campbell Manuel F and Campbell Dorothy E
Bought by
Siniard Mark A and Siniard Jeannette D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $85,000 Rlty Title & Escrow Svcs Inc
Warranty Deed $76,500 First Title
Warranty Deed $91,700 National Title Insurance Age
Interfamily Deed Transfer -- --
Warranty Deed $50,000 Title Escrow Chattanooga Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $63,750 Purchase Money Mortgage
Previous Owner $87,115 Purchase Money Mortgage
Previous Owner $60,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2016 04/11/16 Sold $85,000 -8.6% $42 / Sq Ft
02/29/2016 02/29/16 Pending -- -- --
12/14/2015 12/14/15 For Sale $93,000 +21.6% $45 / Sq Ft
09/02/2014 09/02/14 Sold $76,500 -12.1% $40 / Sq Ft
08/14/2014 08/14/14 Pending -- -- --
11/17/2013 11/17/13 For Sale $87,000 -- $45 / 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 $902 $40,320 $0 $0
2023 $902 $40,320 $0 $0
2022 $902 $40,320 $0 $0
2021 $902 $40,320 $0 $0
2020 $876 $31,680 $0 $0
2019 $876 $31,680 $0 $0
2018 $848 $31,680 $0 $0
2017 $876 $31,680 $0 $0
2016 $836 $0 $0 $0
2015 $1,650 $30,240 $0 $0
2014 $1,650 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1203401

Greater Chattanooga REALTORS®

APN: 147N-H-015