NOT LISTED FOR SALE

905 Forest Dale Ln Hixson, TN 37343

Dupont Neighborhood

Estimated Value: $298,000 - $366,000

-- Bed
2 Baths
1,972 Sq Ft
$169/Sq Ft Est. Value

Last Sold May 18, 2022

Last sale price $240,000 $122 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,837/month

Highlights

  • Open Floorplan
  • No HOA
  • Eat-In Kitchen
  • Deck
  • Fireplace
  • Brick Exterior Construction

About This Home

As of May 2022

Attention investors! No showings without a binding contract. This is an amazing opportunity for investors who would like to build an investment portfolio. Great investment property or make one unit your home and lease the other unit for rental income. Pictures are of the B side. Unit A is long term tenant and lease at $700 per month through 6/3/22. Unit B is at $795 with a lease through 10/31/22. Possible GMI $1900-2k. Both units have 2 bedrooms, 1 full bathroom, laundry room, and living room with vaulted ceiling and wood burning fireplace.

Last Agent to Sell the Property

Sarah Brogdon

Real Estate Partners Chattanooga LLC License #324028 Listed on: 04/22/2022

Real Estate Partners Chattanooga LLC

Last Buyer's Agent

David Arnold

Keller Williams Realty License #353961

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,829

Year Built

  • Built in 1972

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 80.7x172.7
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Shingle Roof

Interior Spaces

  • 1,972 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Fireplace
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

  • Alpine Crest Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 109d B 008

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Forest Dale Subdivision

Building Details

  • Gross Income $17,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,829

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Lot Size: 80.7X172.7
  • Subdivision Name: Forest Dale
  • Directions: From Hixson Pike heading toward Hwy 153, turn Left on Ely Rd, turn right on Delashmitt Rd/Eldridge Rd, Turn Left on Forest Dale Lane, Home is on the Right.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1972.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1972
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 109d B 008
  • Location Tax and Legal Elementary School: Alpine Crest Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 1829.31
  • 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 Acres: 0.32
  • General Property Information Lot Size Square Feet2: 13939.2
  • General Property Information Lot Size Dimensions: 80.7X172.7
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • General Property Information Senior Community 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: Red Bank Middle
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Foundation Details BrickMortar: Yes
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, Open Floorplan
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Alpine Crest Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 13939.2
  • Parcel #: 109d B 008
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 17940.0

Tax Info

  • Tax Annual Amount: 1829.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2024
Sold by
Parsons Christopher and Parsons Lauren
Bought by
Parsons Family Trust and Parsons
Current Estimated Value
$327,123

Purchase Details

Listed on
Apr 22, 2022
Closed on
May 18, 2022
Sold by
Shimel Aaron J
Bought by
Parsons Christopher and Parsons Lauren
Seller's Agent
Sarah Brogdon
Real Estate Partners Chattanooga LLC
Buyer's Agent
David Arnold
Keller Williams Realty
List Price
$235,000
Sold Price
$240,000
Premium/Discount to List
$5,000
2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.67%
Original Mortgage
$180,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2020
Closed on
Jul 23, 2020
Sold by
Dhiman Nitin and Dhiman Clristiana
Bought by
Shimel Aaron J
Seller's Agent
Elaine Collins
First Property Management
Buyer's Agent
Sarah Brogdon
Real Estate Partners Chattanooga LLC
List Price
$147,000
Sold Price
$153,000
Premium/Discount to List
$6,000
4.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.89%
Original Mortgage
$114,750
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2017
Sold by
Equite Trust Company
Bought by
Dhiman Nitin and Dhiman Christiana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,062
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2017
Sold by
Chattanooga Funding Llc
Bought by
Equity Trust Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,062
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2017
Sold by
Waddill Gloria
Bought by
Chattanooga Funding Llc

Purchase Details

Closed on
Dec 28, 2004
Sold by
Laskoski Shawn R and Ludwig Mark S
Bought by
Waddill Gloria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,300
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2004
Sold by
Bte Llc
Bought by
Laskoski Shawn R and Ludwig Mark S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,300
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2003
Sold by
Ludwig Mark S and Laskoski Shawn R
Bought by
Bte Llc

Purchase Details

Closed on
Nov 25, 2002
Sold by
Boon Ogden Eugene and Boon Betty Jean
Bought by
Ludwig Mark S and Laskoski Shawn R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,100
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Parsons Family Trust -- None Listed On Document
Parsons Christopher $240,000 Team Title
Shimel Aaron J $153,000 Team Title Svcs Llcccccccccc
Dhiman Nitin $81,250 None Available
Equity Trust Co $69,000 Choice Title Co Inc
Chattanooga Funding Llc $60,000 None Available
Waddill Gloria $92,000 First American Title Ins Co
Laskoski Shawn R -- First Title
Bte Llc -- First Title
Ludwig Mark S $79,000 Northgate Title Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parsons Christopher $180,000
Previous Owner Shimel Aaron J $114,750
Previous Owner Dhiman Nitin $86,062
Previous Owner Waddill Gloria $89,300
Previous Owner Ludwig Mark S $71,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2022 05/18/22 Sold $240,000 +2.1% $122 / Sq Ft
04/22/2022 04/22/22 For Sale $235,000 +53.6% $119 / Sq Ft
04/20/2022 04/20/22 Pending -- -- --
07/20/2020 07/20/20 Sold $153,000 +4.1% $83 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $147,000 -- $80 / 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 $1,316 $58,800 $0 $0
2023 $1,316 $58,800 $0 $0
2022 $1,316 $58,800 $0 $0
2021 $1,316 $58,800 $0 $0
2020 $1,003 $36,280 $0 $0
2019 $1,003 $36,280 $0 $0
2018 $953 $36,280 $0 $0
2017 $1,003 $36,280 $0 $0
2016 $965 $0 $0 $0
2015 $1,885 $34,880 $0 $0
2014 $1,885 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1351425

Greater Chattanooga REALTORS®

APN: 109D-B-008