NOT LISTED FOR SALE

Estimated Value: $637,000 - $1,562,000

4 Beds
4 Baths
5,066 Sq Ft
$219/Sq Ft Est. Value

Last Sold November 17, 2017

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

Est. 185% increase in value since last sale

Current estimated payment $6,175/month

319 Days on Market

Highlights

  • No HOA
  • Lookout Mountain Elementary School Rated A-
  • Central Heating and Cooling System

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!

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,503

Year Built

  • Built in 1935

Lot Details

  • 0.26

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • 5,066 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Schools

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

Additional Features

  • Lot Dimensions are 75 x 150
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for 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

  • Prop. Type: Residential Income
  • Year Built: 1935
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Building Area Units: Square Feet
  • Living Area: 5066
  • Living Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 75 X 150
  • Lot Size Units: Acres
  • Parcel #: 155P C 008
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 40500
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 4503

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2016
Closed on
Nov 17, 2017
Sold by
Crouch Andrea Meyer and Crouch John Clayton
Bought by
Oliver Alicia and Oliver Eric J
List Price
$479,900
Sold Price
$390,000
Premium/Discount to List
-$89,900
-18.73%
Current Estimated Value
$1,110,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$720,937
Avg. Annual Appreciation
13.71%
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
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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
Closed Oliver Alicia $215,000
Previous Owner Crouch John C $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2017 11/17/17 Sold $390,000 -18.7% $77 / Sq Ft
09/01/2017 09/01/17 Pending -- -- --
10/17/2016 10/17/16 For Sale $479,900 -- $95 / Sq Ft
Source: Realtracs

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
2025 $4,386 $289,400 $0 $0
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

Map

Source: Realtracs

MLS Number: 2913599

Realtracs

APN: 155P-C-008