NOT LISTED FOR SALE

Estimated Value: $262,000 - $321,000

Studio
2 Baths
1,628 Sq Ft
$183/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $315,000 $193 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,854/month

14 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Property has 3 Levels

About This Home

As of January 2024

Evergreen Property Group is pleased to present 923/925 Ely Rd. An all-brick duplex in desirable Hixson, TN complete with 2BR/1BA per side and situated on over half an acre of level ground. Both sides have lots of recent updates! The left unit was lived in by the previous owner and currently vacant leaving you the perfect opportunity to do the same and have much of your mortgage paid for! The right unit is currently occupied with a long-term tenant paying $1050/mo with lease expiring May 2024. Current tenant will consider signing new lease at market rate.

Last Agent to Sell the Property

Jeremy Parker

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 8659641125 License #321116 Listed on: 12/01/2023

Greater Downtown Realty dba Keller Williams Realty

Last Buyer's Agent

Turner Olson

Greater Downtown Realty dba Keller Williams Realty License #357015

Greater Downtown Realty dba Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,062

Year Built

  • Built in 1964

Lot Details

  • 0.63

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1,628 Sq Ft Home
  • Property has 3 Levels

Schools

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

Additional Features

  • Lot Dimensions are 83.3x333.7
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $1,050
  • Assessor Parcel Number 109K B 015

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,062

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1964
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 1628
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other, Brick
  • 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

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 83.3X333.7
  • Lot Size Units: Acres
  • Parcel #: 109K B 015
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 12600
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Total Actual Rent: 1050

Tax Info

  • Tax Annual Amount: 2062

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Jan 4, 2024
Sold by
Mckissick Lorynne N
Bought by
Grace Joshua and Grace Olivia
Seller's Agent
Jeremy Parker
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Turner Olson
Greater Downtown Realty dba Keller Williams Realty
List Price
$319,000
Sold Price
$315,000
Premium/Discount to List
-$4,000
-1.25%
Views
30
Current Estimated Value
$325,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,488
Avg. Annual Appreciation
-2.59%
Original Mortgage
$220,500
Outstanding Balance
$216,690
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$81,762

Purchase Details

Listed on
May 18, 2018
Closed on
Aug 31, 2018
Sold by
King James A and King Arlene S
Bought by
Mckissick Lorynne N
Seller's Agent
Matthew Ballard
Uptown Firm, LLC
Buyer's Agent
Tim West
Keller Williams Realty
List Price
$132,000
Sold Price
$133,000
Premium/Discount to List
$1,000
0.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.49%
Original Mortgage
$130,591
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 7, 2008
Sold by
Flanigan Donald
Bought by
King James A and King Arlene S

Purchase Details

Closed on
Aug 15, 2006
Sold by
Crouch Marion L
Bought by
Flanigan Donald

Purchase Details

Closed on
Apr 25, 2005
Sold by
Bhalla Anu and Bhalla Ron
Bought by
Crouch Marion L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,480
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 30, 2001
Sold by
Jan Steve H and Jan Austine L
Bought by
Bhalla Anu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.9%
Mortgage Type
Purchase Money Mortgage
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
Grace Joshua $315,000 Bridge City Title
Mckissick Lorynne N $133,000 None Available
King James A $65,000 Lookout Title Services Llc
Flanigan Donald $71,631 None Available
Crouch Marion L $97,200 Century Title & Escrow Inc
Bhalla Anu $240,000 Century Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grace Joshua $220,500
Previous Owner Mckissick Lorynne N $130,591
Previous Owner Crouch Marion L $87,480
Previous Owner Bhalla Anu $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2024 01/05/24 Sold $315,000 -1.3% $193 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
12/01/2023 12/01/23 For Sale $319,000 +139.8% $196 / Sq Ft
08/31/2018 08/31/18 Sold $133,000 +0.8% $82 / Sq Ft View Prior Sale
07/26/2018 07/26/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $132,000 -- $81 / 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 $1,941 $128,040 $0 $0
2024 $1,645 $73,520 $0 $0
2023 $1,028 $45,950 $0 $0
2022 $1,028 $45,950 $0 $0
2021 $1,028 $45,950 $0 $0
2020 $796 $28,800 $0 $0
2019 $796 $28,800 $0 $0
2018 $921 $34,880 $0 $0
2017 $965 $34,880 $0 $0
2016 $927 $0 $0 $0
2015 $1,816 $33,520 $0 $0
2014 $1,816 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2607196

Realtracs

APN: 109K-B-015