NOT LISTED FOR SALE

944 Ely Rd Chattanooga, TN 37343

Lupton City Neighborhood

Estimated Value: $248,318 - $328,000

Studio
2 Baths
2,450 Sq Ft
$121/Sq Ft Est. Value

Last Sold September 07, 2022

Last sale price $261,000 $107 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,784/month

Highlights

  • No HOA
  • Brick Exterior Construction
  • Level Lot
  • Eat-In Kitchen
  • Central Heating and Cooling System

About This Home

As of September 2022

Attention All Investors! This duplex is located in the heart of Hixson close to shopping, and only 15 mins to downtown, There aren't many 3 bedroom 1.5 bath two story duplexes in the area so this is a great investment. Unit 944 is occupied so we ask that you please do not disturb the tenant. Unit 946 is vacant and you are welcome to take a tour!

Last Agent to Sell the Property

Wanda Chubbs

Rock Point Real Estate, LLC Listed on: 07/30/2022

Last Buyer's Agent

Christie Sharpe

SVN I Wood Properties License #275227

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,639

Year Built

  • Built in 1970

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 81.2x135.2
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,450 Sq Ft Home
  • 2-Story Property
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Schools

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

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 109k E 010

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Brynewood Village Subdivision

Building Details

  • Gross Income $11,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,639

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Lot Size: 81.2x135.2
  • Co List Office Mls Id: 10851
  • Co List Office Phone: 423-752-0709
  • Subdivision Name: Brynewood Village
  • Directions: From downtown take Hixson Pike towards Hixson, turn left on Norcross Rd, and left on Ely Rd, duplex is on the left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 2450.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1970
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 109k E 010
  • Location Tax and Legal Elementary School: Alpine Crest Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 2638.56
  • 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: 0.25
  • General Property Information Lot Size Square Feet2: 10890.0
  • General Property Information Lot Size Dimensions: 81.2x135.2
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Attention All Investors! This duplex is located in the heart of Hixson close to shopping, and only 15 mins to downtown, There aren't many 3 bedroom 1.5 bath two story duplexes in the area so this is a great investment. Unit 944 is occupied so we ask that you please do not disturb the tenant. Unit 946 is vacant and you are welcome to take a tour!
  • 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: Red Bank Middle
  • General Property Information Stories2: 2
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Special Features: None
  • Stories: 2

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: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: 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
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 109k E 010
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 11100.0

Tax Info

  • Tax Annual Amount: 2638.56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2022
Closed on
Nov 5, 2022
Sold by
Ramchandran Vinil
Bought by
Hixson Homes Llc
Seller's Agent
Wanda Chubbs
Rock Point Real Estate, LLC
Buyer's Agent
Christie Sharpe
SVN I Wood Properties
List Price
$270,000
Sold Price
$261,000
Premium/Discount to List
-$9,000
-3.33%
Current Estimated Value
$321,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,060
Avg. Annual Appreciation
3.79%
Original Mortgage
$195,750
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 30, 2022
Closed on
Sep 7, 2022
Sold by
Chattanooga Ten Llc
Bought by
Ramchandran Vinil and Atanassova Boriana
Seller's Agent
Wanda Chubbs
Rock Point Real Estate, LLC
Buyer's Agent
Christie Sharpe
SVN I Wood Properties
List Price
$270,000
Sold Price
$261,000
Premium/Discount to List
-$9,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,750
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2022
Sold by
Lhb Properties Llc
Bought by
Chattanooga Ten Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Interest Rate
3.69%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 6, 2018
Sold by
Brooks Linda H
Bought by
Lhb Properties Llc
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
Hixson Homes Llc -- --
Hixson Homes Llc -- None Listed On Document
Ramchandran Vinil $270,000 --
Chattanooga Ten Llc $1,438,750 None Listed On Document
Lhb Properties Llc -- Cumberland Title & Guaranty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramchandran Vinil $195,750
Previous Owner Chattanooga Ten Llc $1,240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2022 09/07/22 Sold $261,000 -3.3% $107 / Sq Ft
07/30/2022 07/30/22 Pending -- -- --
07/30/2022 07/30/22 For Sale $270,000 -- $110 / Sq Ft
Source: Greater Chattanooga REALTORS®

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 $1,397 $92,160 $0 $0
2024 $1,316 $58,800 $0 $0
2023 $1,316 $58,800 $0 $0
2022 $1,316 $58,800 $0 $0
2021 $1,316 $58,800 $0 $0
2020 $1,197 $43,280 $0 $0
2019 $1,197 $43,280 $0 $0
2018 $1,112 $43,280 $0 $0
2017 $1,197 $43,280 $0 $0
2016 $1,158 $0 $0 $0
2015 $2,240 $41,880 $0 $0
2014 $2,240 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2022

    Wanda Chubbs

    Rock Point Real Estate, LLC

  • Philip Lancaster

    Seller Co-Listing Agent in 2022

    Philip Lancaster

    Rock Point Real Estate

    (423) 752-0710

    1 in this area

    8 Total Sales

    Philip Lancaster
    Section Image

  • C

    Buyer's Agent in 2022

    Christie Sharpe

    SVN I Wood Properties

  • M

    Buyer Co-Listing Agent in 2022

    Michael Reynolds

    Village Realty

See All Agents

Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1359991

Greater Chattanooga REALTORS®

APN: 109K-E-010

Tennessee Hamilton County Chattanooga 37343 Lupton City

944 Ely Rd, Chattanooga, TN

Not Listed for Sale

MultiFamily

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