$835,000
SOLD DEC 30, 2024
-- Bed
-- Bath
2,352 Sq Ft
10,595 Sq Ft Lot

Recently Sold

$355 Per Sq Ft

178% Above List Price

7 Days on Market

Highlights

  • No HOA
  • Efficiency Studio
  • Living Room
  • Covered Patio or Porch
  • 2 Car Attached Garage
  • Laundry closet

About This Home

As of December 2024

Sale price of $835,000 covers four adjacent property listings (2303, 2301, 2299, 2297 Gale Ln, MLS # 1500777, 1500858, 1500934, 1500945). MULTIPLE OFFER NOTIFICATION -- highest & best by Friday October 4th at 12 PM. Bankruptcy sale - three duplexes (2303, 2301, 2299 Gale Ln) and one vacant lot (2297 Gale Ln) - in four separate listings. Very convenient location, close to Hamilton Place Mall, Hwy 153, and a short drive to I-75 and the Volkswagen plant. Sale terms must be approved by Bankruptcy Court. Five of six units are tenant occupied. Interior of occupied units may be shown after an offer is accepted.

Last Agent to Sell the Property

Scott Louisell

Crye-Leike, REALTORS License #312333 Listed on: 09/30/2024

Crye-Leike, REALTORS

Last Buyer's Agent

Caroline Ledford

Keller Williams Realty License #360618

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1994

Lot Details

  • 10,595 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Front Facing Garage
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,352 Sq Ft Home
  • 2-Story Property
  • Vinyl Clad Windows
  • Living Room
  • Efficiency Studio

Kitchen

  • Electric Range
  • Stove
  • Microwave

Flooring

  • Carpet
  • Laminate

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Bess T. Shepherd Elementary School
  • Tyner Middle Academy
  • Tyner Academy High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Bankruptcy Property
  • Assessor Parcel Number 138k F 017
  • $81,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Lot Size: 60 x164 IRR
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
  • Subdivision Name: None
  • Directions: From Hwy 153, take the Shallowford Rd exit and go eastward (toward the Post Office), Gale Ln is on the LEFT just past Noah Read Rd. From Lee Hwy or I-75, westward on Shallowford Rd, Gale Ln is on the RIGHT just past Standifer Gap. Three duplexes and a vacant lot, all for sale in separate listings, are on the corner of Shallowford and Gale.
  • Above Grade Finished Sq Ft: 2352.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Living Area: 2352.0
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built: 1994
  • Cooling:Electric: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 138k F 017
  • Location Tax and Legal Elementary School: Bess T. Shepherd Elementary
  • Location Tax and Legal High School: Tyner Academy
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Above Grade Finished Area: 2352.0
  • General Property Information Enhanced Accessible2: No
  • 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: 0.2432
  • General Property Information Lot Size Square Feet2: 10595.0
  • General Property Information Lot Size Dimensions: 60 x164 IRR
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Spa YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Sale price of $835,000 covers four adjacent property listings (2303, 2301, 2299, 2297 Gale Ln, MLS # 1500777, 1500858, 1500934, 1500945). MULTIPLE OFFER NOTIFICATION -- highest & best by Friday October 4th at 12 PM. Bankruptcy sale - three duplexes (2303, 2301, 2299 Gale Ln) and one vacant lot (2297 Gale Ln) - in four separate listings. Very convenient location, close to Hamilton Place Mall, Hwy 153, and a short drive to I-75 and the Volkswagen plant. Sale terms must be approved by Bankruptcy Court. Five of six units are tenant occupied. Interior of occupied units may be shown after an offer is accepted.
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels:Two: Yes
  • Flooring:Carpet: Yes
  • Laundry Features Laundry Closet: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Tyner Middle Academy
  • Sewer:Public Sewer: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Roof Asphalt5: Yes
  • General Property Information Stories2: 2
  • Location Tax and Legal Tax Other Annual Assessment Amount: 81000.0
  • Patio And Porch Features Porch - Covered: Yes
  • Pets Allowed:Yes: Yes
  • Utilities:Cable Connected: Yes
  • Utilities:Phone Connected: Yes
  • Flooring Laminate: Yes
  • General Property Information Above Grade Unfinished Area: 2352.0
  • General Property Information Green Features YN2: No
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Furnished3: Unfurnished
  • Unit 1 Den3: No
  • Unit 1 Living Room3: Yes
  • Unit 1 Separate Dining: No
  • Unit 1 Microwave6: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: No
  • Unit 2 Efficiency2: Yes
  • Unit 2 Furnished4: Unfurnished
  • Unit 2 Den4: No
  • Unit 2 Separate Dining2: No
  • Unit 2 Microwave7: Yes
  • Pets Allowed Cats OK: Yes
  • Pets Allowed Dogs OK: Yes
  • Structure Type Duplex: Yes
  • Special Listing Conditions Bankruptcy Property: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: No
  • Appliances: Refrigerator, Microwave, Electric Range
  • Basement YN: No
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Window Features: Vinyl Frames
  • Appliances:Electric Range: Yes

Exterior Features

  • Fencing: None
  • Lot Features: Rectangular Lot
  • View: No
  • Waterfront: No
  • Disclosures: None
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Exterior Features: None
  • Foundation Details: Slab
  • Patio And Porch Features: Porch - Covered
  • Roof: Asphalt, Shingle
  • Exterior Features:None8: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Window Features:Vinyl Frames: Yes
  • Lot Features:Rectangular Lot: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Garage, Garage Faces Front, Gravel, Off Street
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Garage Faces Front: Yes
  • Parking Features:Concrete3: Yes
  • Parking Features:Gravel: Yes

Utilities

  • Laundry Features: Laundry Closet
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No
  • Pets Allowed: Yes, Cats OK, Dogs OK

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Bess T. Shepherd Elementary
  • High School: Tyner Academy
  • Middle Or Junior School: Tyner Middle Academy

Lot Info

  • Lot Size Sq Ft: 10595.0
  • Additional Parcels: No
  • Parcel #: 138k F 017
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Other Annual Assessment Amount: 81000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Dec 30, 2024
Sold by
Johnson Douglas R
Bought by
Om 3 Duplex Gp
Seller's Agent
Scott Louisell
Crye-Leike, REALTORS
Buyer's Agent
Caroline Ledford
Keller Williams Realty
List Price
$300,000
Sold Price
$835,000
Premium/Discount to List
$535,000
178.33%
Views
13
Current Estimated Value
$485,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$349,944
Avg. Annual Appreciation
-42.88%
Original Mortgage
$208,750
Outstanding Balance
$207,292
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$277,764

Purchase Details

Closed on
Jan 23, 2018
Sold by
Patel Dhaval and Patel Anta
Bought by
Bengal Five Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
3.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2008
Sold by
Livi Walker Rhonda P
Bought by
Ward Properties Llc

Purchase Details

Closed on
Sep 30, 2004
Sold by
Walker Don and Walker Rhonda P
Bought by
Livi Walker Rhonda P and Rhonda P Walker Revocable Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Date Type Sale Price Title Company
Warranty Deed $835,000 Title Guaranty & Trust
Warranty Deed $835,000 Title Guaranty & Trust
Warranty Deed $650,000 Jones Raulston Title Ins Age
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- Legal Title & Escrow Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $208,750 New Conventional
Closed $208,750 New Conventional
Previous Owner $52,500 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2024 12/30/24 Sold $835,000 +178.3% $355 / Sq Ft
10/07/2024 10/07/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $300,000 -37.5% $128 / Sq Ft
03/13/2015 03/13/15 Sold $480,000 +174.3% $197 / Sq Ft View Prior Sale
02/27/2015 02/27/15 Pending -- -- --
02/06/2015 02/06/15 For Sale $175,000 -- $72 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,812 $81,000 $0 $0
2023 $1,812 $81,000 $0 $0
2022 $1,812 $81,000 $0 $0
2021 $1,812 $81,000 $0 $0
2020 $1,942 $70,240 $0 $0
2019 $1,942 $70,240 $0 $0
2018 $1,726 $70,240 $0 $0
2017 $1,942 $70,240 $0 $0
2016 $1,682 $0 $0 $0
2015 $3,202 $60,840 $0 $0
2014 $3,202 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Source: Greater Chattanooga REALTORS®

MLS Number: 1500858

Greater Chattanooga REALTORS®

APN: 138K-F-017