NOT LISTED FOR SALE

Estimated Value: $885,000 - $1,688,000

-- Bed
-- Bath
5,066 Sq Ft
$236/Sq Ft Est. Value

Last Sold November 17, 2017

Last sale price $390,000 $77 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $6,650/month

114 Days on Market

Highlights

  • Open Floorplan
  • Deck
  • Formal Dining Room
  • Lookout Mountain Elementary School Rated A-
  • No HOA
  • Fireplace

About This Home

As of November 2017

Wonderful investment opportunity on Lookout Mountain! This charming 1935 Craftsman-style bungalow consists of six apartments, four in the main house and two in a separate carriage house. Hardwood floors in all units but one; 10' ceilings in main house and 8' in carriage house; and large front porch offering limited view of the city. Don't miss out on this rare investment opportunity!

Last Agent to Sell the Property

Lizzer Graham, ABR

Fletcher Bright Realty License #330465 Listed on: 05/10/2017

Last Buyer's Agent

Dawn Pettway

Crye-Leike, REALTORS License #331359

Crye-Leike, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,503

Year Built

  • Built in 1935

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 75 x 150

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 5,066 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Fireplace
  • Living Room
  • Formal Dining Room
  • Storage
  • Washer and Dryer Hookup
  • Unfinished Basement
  • Basement Cellar
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

  • Lookout Mountain Elementary School
  • Lookout Valley Middle School
  • Lookout Valley High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 155p C 008

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Lookout Mountain Co Addn #1 Subdivision

Building Details

  • Gross Income $40,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,503

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Lot Size: 75 X 150
  • Subdivision Name: Lookout Mountain Co Addn #1
  • Directions: Up Lookout Mtn via Scenic Highway/Ruby Falls. Take immediate right onto East Brow Rd. Home is on left, just past Incline Station.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 5066.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1935
  • Cooling:Electric: Yes
  • Owner Pays:Sewer2: Yes
  • Location Tax and Legal Parcel Number2: 155p C 008
  • Location Tax and Legal Elementary School: Lookout Mountain Elementary
  • Location Tax and Legal High School: Lookout Valley High
  • Location Tax and Legal:Tax Annual Amount: 4503.0
  • 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 Acres: 0.26
  • General Property Information Lot Size Square Feet2: 11250.0
  • General Property Information Lot Size Dimensions: 75 X 150
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Lookout Valley Middle
  • Cooling:Multi Units: Yes
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 6.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 2 Separate Dining2: Yes
  • Unit 3 Living Room5: Yes
  • Unit 3 Separate Dining3: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Owner Pays:Water3: Yes
  • Unit 4 Washer Dryer Hookups4: Yes
  • Unit 4 Living Room6: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Cellar, Unfinished
  • Basement YN: Yes
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, Open Floorplan, Storage
  • Basement:Unfinished: Yes
  • Basement:Cellar: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Community Features:None4: Yes
  • Interior Features:Storage2: Yes

Exterior Features

  • View: Other
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stucco
  • Patio And Porch Features: Deck, Patio
  • Roof: Shingle
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Stucco: 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, Multi Units
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas, Multi Units
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: Yes
  • Heating:Multi Units2: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Lookout Mountain Elementary
  • High School: Lookout Valley High
  • Middle Or Junior School: Lookout Valley Middle

Lot Info

  • Lot Size Sq Ft: 11250.0
  • Parcel #: 155p C 008
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 40500.0

Tax Info

  • Tax Annual Amount: 4503.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2017
Closed on
Nov 17, 2017
Sold by
Crouch Andrea Meyer and Crouch John Clayton
Bought by
Oliver Alicia and Oliver Eric J
Seller's Agent
Lizzer Graham, ABR
Fletcher Bright Realty
Buyer's Agent
Dawn Pettway
Crye-Leike, REALTORS
List Price
$479,900
Sold Price
$390,000
Premium/Discount to List
-$89,900
-18.73%
Total Days on Market
114
Current Estimated Value
$1,194,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$804,749
Avg. Annual Appreciation
16.07%
Original Mortgage
$215,000
Interest Rate
3.85%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 7, 2011
Sold by
Crouch John Clayton and Crouch Andrea Meyer
Bought by
Crouch John Clayton and Crouch Andrea Meyer

Purchase Details

Closed on
Apr 8, 1999
Sold by
Bush Barbara Gott and Gott Donald F
Bought by
Crouch John C and Crouch Andrea M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.85%
Source: Public Records

Range of Values:

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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
Oliver Alicia $390,000 Title Guaranty & Trust Cop
Crouch John Clayton -- None Available
Crouch John C $155,000 Scenic City Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oliver Kathryn Alicia $260,688
Closed Oliver Kathryn Alicia $265,000
Closed Oliver Eric J $215,000
Closed Oliver Alicia $215,000
Previous Owner Crouch John C $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2017 11/17/17 Sold $390,000 -18.7% $77 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
05/10/2017 05/10/17 For Sale $479,900 -- $95 / 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 $3,720 $166,250 $0 $0
2023 $3,729 $166,250 $0 $0
2022 $3,747 $166,250 $0 $0
2021 $3,959 $175,760 $0 $0
2020 $2,865 $102,630 $0 $0
2019 $2,865 $102,630 $0 $0
2018 $2,865 $102,630 $0 $0
2017 $2,865 $102,630 $0 $0
2016 $2,630 $0 $0 $0
2015 $2,630 $94,120 $0 $0
2014 $2,630 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1254244

Greater Chattanooga REALTORS®

APN: 155P-C-008