944 E Elmwood Dr Chattanooga, TN 37405
Moccasin Bend NeighborhoodEstimated Value: $416,060 - $534,000
--
Bed
2
Baths
2,800
Sq Ft
$178/Sq Ft
Est. Value
Highlights
- 0.58 Acre Lot
- Eat-In Kitchen
- Living Room
- No HOA
- Multiple cooling system units
- Central Heating and Cooling System
About This Home
As of April 2019OCCUPIED, do not walk property or disturb tenants. 944 & 946 E Elmwood. Two identical duplexes located in the Red Bank/North Chatt area.e. Shotgun style floorplan. 1 unit completely renovated with new fridge, dishwasher, LVT flooring throughout, new toilet, vanity, cabinets, etc & 2nd bedroom closed in with door. 1 unit very well maintained, clean. 2 units will need updating once the tenants move out. 3 units have 1 completely private bedroom w/ the other being open. Wall easy to add to make 2nd private bedroom. 100% occ w/ tenants who pay rent on time. 3 are long term - month-to-month leases, 1 is newer in the reno unit for $750 p/m. Gross rent potential is $3k p/m. Lots of new construction in the area and adjacent to the duplex. Easy to Dayton Blvd, Hwy 27, Dtown. Owner/Agent. Adjacent to new construction. All tenants now on month-to-month lease. Seller to credit security deposits at closing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,970
Year Built
- Built in 1930
Lot Details
- 0.58 Acre Lot
- Gentle Sloping Lot
Home Design
- Duplex
- Shingle Roof
Interior Spaces
- 2,800 Sq Ft Home
- 1-Story Property
- Living Room
- Basement
- Crawl Space
- Washer and Dryer Hookup
Kitchen
- Eat-In Kitchen
- Stove
Parking
- Garage
- Parking Accessed On Kitchen Level
- Off-Street Parking
Schools
- Red Bank Elementary School
- Red Bank Middle School
- Red Bank High School
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
Listing and Financial Details
- Assessor Parcel Number 135b B 017
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Gross Income $28,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2019
Closed on
Apr 25, 2019
Sold by
Conncree Llc
Bought by
Chambers Bryce
Seller's Agent
Thomas Connolly
Uptown Firm, LLC
Buyer's Agent
Thomas Connolly
Uptown Firm, LLC
List Price
$252,500
Sold Price
$225,000
Premium/Discount to List
-$27,500
-10.89%
Total Days on Market
52
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,515
Avg. Annual Appreciation
15.49%
Original Mortgage
$180,000
Interest Rate
4.2%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 30, 2016
Sold by
Holland Garrett We and Ingram Glenn
Bought by
Conncree Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.43%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 24, 2016
Sold by
110 Oneal Llc
Bought by
Holland Garrett
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.65%
Purchase Details
Listed on
Oct 16, 2012
Closed on
Dec 28, 2012
Sold by
Northwest Georgia Bank
Bought by
Holland Garrett and Ingram Glenn
Seller's Agent
Lisa Brown
Keller Williams Realty
Buyer's Agent
Lisa Brown
Keller Williams Realty
List Price
$109,000
Sold Price
$80,000
Premium/Discount to List
-$29,000
-26.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.65%
Original Mortgage
$850,000
Interest Rate
3.35%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Aug 27, 2012
Sold by
Woods Bradley Vernon
Bought by
Northwest Georgia Bank
Purchase Details
Closed on
May 28, 2004
Sold by
Fitch Edward L and Fitch Bobbie M
Bought by
Third Day Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,156
Interest Rate
5.88%
Mortgage Type
Unknown
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Similar Homes in Chattanooga, TN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chambers Bryce | $225,000 | First Choice Title Inc | |
| Conncree Llc | $150,000 | First Choice Title Inc | |
| Holland Garrett | -- | -- | |
| Holland Garrett | $80,000 | Northwest Georgia Land Titl | |
| Northwest Georgia Bank | $103,249 | None Available | |
| Third Day Properties Llc | $90,000 | Pioneer Title Agency Inc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Chambers Bryce John | $262,500 | |
| Closed | Chambers Bryce | $176,250 | |
| Closed | Chambers Bryce | $180,000 | |
| Previous Owner | Conncree Llc | $127,500 | |
| Previous Owner | Holland Garrett | $480,000 | |
| Previous Owner | Holland Garrett | -- | |
| Previous Owner | Tower Community Bank | $480,000 | |
| Previous Owner | Holland Garrett | $26,500 | |
| Previous Owner | Holland Garrett | $850,000 | |
| Previous Owner | Third Day Properties Llc | $83,156 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2019 04/25/19 | Sold | $225,000 | -10.9% | $80 / Sq Ft |
| 03/26/2019 03/26/19 | Pending | -- | -- | -- |
| 02/02/2019 02/02/19 | For Sale | $252,500 | +215.6% | $90 / Sq Ft |
| 12/28/2012 12/28/12 | Sold | $80,000 | -26.6% | $29 / Sq Ft |
| 12/26/2012 12/26/12 | Pending | -- | -- | -- |
| 10/16/2012 10/16/12 | For Sale | $109,000 | -- | $39 / Sq Ft |
Source: Greater Chattanooga REALTORS®
Tax History Compared to Growth
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 | $2,175 | $97,200 | $0 | $0 |
| 2023 | $2,175 | $97,200 | $0 | $0 |
| 2022 | $2,175 | $97,200 | $0 | $0 |
| 2021 | $2,175 | $97,200 | $0 | $0 |
| 2020 | $1,629 | $58,920 | $0 | $0 |
| 2019 | $1,629 | $58,920 | $0 | $0 |
| 2018 | $1,468 | $58,920 | $0 | $0 |
| 2017 | $1,629 | $58,920 | $0 | $0 |
| 2016 | $1,146 | $0 | $0 | $0 |
| 2015 | $2,218 | $41,440 | $0 | $0 |
| 2014 | $2,218 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Connolly
T
Seller's Agent in 2019
Thomas Connolly
Uptown Firm, LLC
(423) 313-7424
110 Total Sales
-
Lisa Brown
Seller's Agent in 2012
Lisa Brown
Keller Williams Realty
(423) 664-1900
304 Total Sales
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1294090
APN: 135B-B-017
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