NOT LISTED FOR SALE

Estimated Value: $451,000 - $524,851

8 Beds
5 Baths
4,488 Sq Ft
$111/Sq Ft Est. Value

Sale Details

Date Sold: May 31, 2024

Last sale price $497,000 $111 Per Sq Ft

Current estimated payment $3,044 / mo

5 Days on Market

Highlights

  • No HOA
  • Heritage Middle School Rated A-
  • Central Heating and Cooling System

About This Home

As of May 2024

Step into a lucrative investment opportunity at 98 Vicki Lane, where significant upgrades have been made to enhance its appeal and value. This property boasts four individual units, each spanning two stories, offering spacious living areas, well-equipped kitchens, substantial storage space, and convenient laundry hookups. Noteworthy enhancements include a brand-new roof, ensuring long-term durability and protection., energy-efficient windows have been installed throughout, additionally, new hot water heaters have been fitted, providing reliable and efficient hot water supply to each unit. The meticulous maintenance of each unit underscores the property's exceptional condition, presenting investors with minimal immediate need for repairs or renovations—a substantial advantage in the competitive real estate market. Detailed images are available for your perusal, showcasing the quality craftsmanship and potential of this income-generating property. To fully appreciate the investment potential of 98 Vicki Lane, we invite you to schedule a private showing and experience its features firsthand. Whether you're a seasoned investor or expanding your portfolio with income properties, this opportunity merits serious consideration. Contact us today to arrange your private viewing, and let us assist you in realizing your investment goals.

Last Agent to Sell the Property

Grace Edrington

Berkshire Hathaway HomeServices J Douglas Prop. License #291147 Listed on: 04/18/2024

Berkshire Hathaway HomeServices J Douglas Prop.

Last Buyer's Agent

Lori Montieth

Greater Chattanooga Realty, Keller Williams Realty License #320352,310349

Greater Chattanooga Realty, Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,208

Year Built

  • Built in 1980

Lot Details

  • 0.42

Home Design

  • Quadruplex

Interior Spaces

  • 4,488 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Schools

  • Boynton Elementary School
  • Heritage Middle School
  • Heritage High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 0038C109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,208

Year Built

Built in 1980

Lot Details

0.42 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1980
  • Unit Levels: Three Or More
  • New Construction: No
  • 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: 8
  • Building Area Units: Square Feet
  • Living Area: 4488
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • 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

  • Sewer: Septic Tank
  • 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: 138x127 IR
  • Lot Size Units: Acres
  • Parcel #: 0038C109
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2208

MLS Schools

  • Elementary School: Boynton Elementary School
  • High School: Heritage High School
  • Middle Or Junior School: Heritage Middle School

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
Apr 18, 2024
Closed on
May 31, 2024
Sold by
Bought by
Seller's Agent
Grace Edrington
Berkshire Hathaway HomeServices J Douglas Prop.
Buyer's Agent
Lori Montieth
Greater Chattanooga Realty, Keller Williams Realty
List Price
$450,000
Sold Price
$497,000
Premium/Discount to List
$47,000
10.44%
Views
88
Current Estimated Value
$497,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213
Avg. Annual Appreciation
0.02%
Original Mortgage
$372,750
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2015
Sold by
Bought by

Purchase Details

Closed on
Feb 10, 1986
Bought by
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
$497,000 --
$240,000 --
$100,000 --
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 $386,900
Closed $372,750
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
05/31/2024 05/31/24 Sold $497,000 +10.4% $111 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $450,000 -- $100 / Sq Ft
Source: Realtracs

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 $3,772 $162,419 $20,000 $142,419
2024 $3,301 $154,776 $10,752 $144,024
2023 $2,318 $103,538 $10,752 $92,786
2022 $2,318 $103,538 $10,752 $92,786
2021 $2,166 $103,538 $10,752 $92,786
2020 $2,396 $103,538 $10,752 $92,786
2019 $2,390 $102,194 $9,408 $92,786
2018 $2,525 $102,194 $9,408 $92,786
2017 $1,371 $55,501 $9,408 $46,093
2016 $1,442 $55,501 $9,408 $46,093
2015 -- $55,501 $9,408 $46,093
2014 -- $55,501 $9,408 $46,093
2013 -- $55,500 $9,408 $46,092
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Realtracs

MLS Number: RTC2916473

Realtracs

APN: 0038C-109

Your Personal Tour Guide

Ask me questions while you tour the home.