NOT LISTED FOR SALE

Estimated Value: $443,000 - $690,000

Studio
2 Baths
2,800 Sq Ft
$191/Sq Ft Est. Value

Sale Details

Date Sold: April 25, 2019

Last sale price $225,000 $80 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $3,112 / mo

52 Days on Market

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 2019

OCCUPIED, 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.

Last Agent to Sell the Property

Thomas Connolly

Uptown Firm, LLC License #327007 Listed on: 02/02/2019

Last Buyer's Agent

Thomas Connolly

Uptown Firm, LLC License #327007 Listed on: 02/02/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,970

Year Built

  • Built in 1930

Lot Details

  • 25,265 Sq Ft 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,970

Year Built

Built in 1930

Lot Details

0.58 Acres

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.58
  • Lot Size: 135 X 187 IRR
  • Subdivision Name: None
  • Directions: NORTH ON DAYTON BLVD. FROM THE TUNNEL AT CHEROKEE BLVD., 1ST LT ON E. FRONTAGE RD, IMMEDIATE RT ON E. ELMWOOD, GO UNDER FREEWAY AND PROCEED STRAIGHT ABOUT 2 BLOCKS.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 2800.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1930
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 135b B 017
  • Location Tax and Legal Elementary School: Red Bank Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 2970.0
  • 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: 0.58
  • General Property Information Lot Size Square Feet2: 25264.8
  • General Property Information Lot Size Dimensions: 135 X 187 IRR
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Remarks and Miscellaneous Public Remarks2: OCCUPIED, 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.
  • 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
  • Cooling:Multi Units: Yes
  • General Property Information Stories2: 1
  • Parking Features Kitchen Level2: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Gentle Sloping
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Roof: Shingle
  • Lot Features:Gentle Sloping: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • 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, Electric, Multi Units
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: 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: Red Bank Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 25264.8
  • Parcel #: 135b B 017
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28800.0

Tax Info

  • Tax Annual Amount: 2970.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2019
Closed on
Apr 25, 2019
Sold by
Bought by
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%
Current Estimated Value
$533,991

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,991
Avg. Annual Appreciation
12.89%
Original Mortgage
$180,000
Outstanding Balance
$68,553
Interest Rate
4.2%
Mortgage Type
Commercial
Estimated Equity
$465,438

Purchase Details

Closed on
Sep 30, 2016
Sold by
Bought by

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
Bought by

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
Bought by
Seller's Agent
Lisa Brown
Keller Williams Realty
Buyer's Agent
Patty Milby
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
15.16%

Purchase Details

Closed on
Aug 27, 2012
Sold by
Bought by

Purchase Details

Closed on
May 28, 2004
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$225,000 First Choice Title Inc
$150,000 First Choice Title Inc
-- --
$80,000 Northwest Georgia Land Titl
$103,249 None Available
$90,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $180,000
Previous Owner $127,500
Previous Owner $480,000
Previous Owner --
Previous Owner $83,156
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,794 $184,320 $0 $0
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

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1294090

Greater Chattanooga REALTORS®

APN: 135B-B-017

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