NOT LISTED FOR SALE

723 Mississippi Ave Chattanooga, TN 37405

North Chattanooga Neighborhood

Estimated Value: $688,000 - $971,863

5 Beds
4 Baths
2,810 Sq Ft
$281/Sq Ft Est. Value

Last Sold March 02, 2023

Last sale price $565,000 $201 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,306/month

20 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • Heating Available
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2023

4 Units , rare find in North Chattanooga . Main Unit is perfect for the potential new airbnb rules. This property is zoned R3 , as well as perfect spot for tourist and long term tenants . Fully rented currently. This property has garage in back, as well as full laundry room for tenants to share.

Last Agent to Sell the Property

Jonathan Campbell

Greater Downtown Realty dba Keller Williams Realty License #291911 Listed on: 01/05/2023

Co-Listed By

Nate Card

Greater Downtown Realty dba Keller Williams Realty License #323726

Last Buyer's Agent

Gregory Depasquale

Greater Downtown Realty dba Keller Williams Realty License #406655,357488

Greater Downtown Realty dba Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,256

Year Built

  • Built in 1939

Lot Details

  • Lot Dimensions are 50x160.4

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 2,810 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Schools

  • Normal Park Museum Magnet Elementary And Middle School
  • Red Bank High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 126M Q 019

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Chatt Land Co Subdivision

Building Details

  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,256

Year Built

Built in 1939

Lot Details

10,019 Sq Ft Lot

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1939
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Total Bedrooms: 5
  • Building Area Units: Square Feet
  • Living Area: 2810
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Detached
  • Total Parking Spaces: 2

Utilities

  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 50X160.4
  • Lot Size Units: Acres
  • Parcel #: 126M Q 019
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 42000
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5256

MLS Schools

  • Elementary School: Normal Park Museum Magnet School
  • High School: Red Bank High School
  • Middle Or Junior School: Normal Park Museum Magnet School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2023
Closed on
Feb 24, 2023
Sold by
Kennedy Nikkolas Julian
Bought by
Mountain Stream Capital Llc
Seller's Agent
Jonathan Campbell
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Gregory Depasquale
Greater Downtown Realty dba Keller Williams Realty
List Price
$599,000
Sold Price
$565,000
Premium/Discount to List
-$34,000
-5.68%
Views
93
Current Estimated Value
$788,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,466
Avg. Annual Appreciation
11.55%
Original Mortgage
$735,000
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2022
Sold by
Whitten Stephen D and Whitten Linda
Bought by
Kennedy Nikkolas Julian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,146
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 2016
Sold by
Whitten John R and Hempy Joy Ward
Bought by
Whitten Stephen D

Purchase Details

Closed on
Aug 23, 2012
Sold by
Whitten Richard K
Bought by
Whitten John R and Hempy Joy Ward
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Mountain Stream Capital Llc $565,000 --
Kennedy Nikkolas Julian $475,000 Epstein Law Firm Pllc
Whitten Stephen D -- Cumberland Title & Guaranty
Whitten John R -- Cumberland Title & Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mountain Stream Capital Llc $735,000
Previous Owner Kennedy Nikkolas Julian $459,146
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2023 03/02/23 Sold $565,000 -5.7% $201 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
01/05/2023 01/05/23 For Sale $599,000 -- $213 / 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 $1,903 $125,525 $0 $0
2024 $2,620 $117,120 $0 $0
2023 $2,620 $117,120 $0 $0
2022 $2,620 $117,120 $0 $0
2021 $2,620 $117,120 $0 $0
2020 $2,129 $77,000 $0 $0
2019 $2,129 $77,000 $0 $0
2018 $1,880 $77,000 $0 $0
2017 $2,129 $77,000 $0 $0
2016 $1,467 $0 $0 $0
2015 $2,807 $53,040 $0 $0
2014 $2,807 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jonathan Campbell

    Greater Downtown Realty dba Keller Williams Realty

  • N

    Seller Co-Listing Agent in 2023

    Nate Card

    Greater Downtown Realty dba Keller Williams Realty

    (423) 667-5861

    8 in this area

    55 Total Sales

    Nate Card
    Section Image
  • Gregory Depasquale

    Buyer's Agent in 2023

    Gregory Depasquale

    Greater Downtown Realty dba Keller Williams Realty

    (423) 664-3074

    3 in this area

    107 Total Sales

    Gregory Depasquale
    Section Image
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Map

Source: Realtracs

MLS Number: 2715675

Realtracs

APN: 126M-Q-019

Tennessee Hamilton County Chattanooga 37405 North Chattanooga

723 Mississippi Ave, Chattanooga, TN

Not Listed for Sale

MultiFamily

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.

Realtracs Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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