198 Ellis Street

Closed 2/14/25

Sold

Last Sold Price

$165,000

2,000 sqft$83/sqft

198 Ellis St, Spring City, TN 37381

Multi FamilyProperty Type

5,662 sq ftLot Size

1973Year Built

$83/sq ftPrice per sq ft

Description

Stop! Before you read any further go to YouTube and type in 198 Ellis St Spring City, TN. Check out the video tours then let's talk numbers! GREAT, AFFORDABLE INVESTMENT OPPORTUNITY. 2 buildings with 3 total rental units. Front unit is a recently updated 1000 sq ft space with 2 bedrooms, living area, kitchen and half bath. Seller is willing to negotiate converting the half bath back to a full bath. Back building has 2 500 sq ft units with 1 bedroom, 1 bath, living area and kitchen in each unit. These...Stop! Before you read any further go to YouTube and type in 198 Ellis St Spring City, TN. Check out the video tours then let's talk numbers! GREAT, AFFORDABLE INVESTMENT OPPORTUNITY. 2 buildings with 3 total rental units. Front unit is a recently updated 1000 sq ft space with 2 bedrooms, living area, kitchen and half bath. Seller is willing to negotiate converting the half bath back to a full bath. Back building has 2 500 sq ft units with 1 bedroom, 1 bath, living area and kitchen in each unit. These are very convenient and located in the Spring City Limits. Call for your appointment today!

Listed by: Angie Stumbo • simpliHOM

Listing closed: 02/14/2025 12:00 AM • Source: Greater Chattanooga Association of REALTORS, MLS#: 1503113

Recent comparable sales

Median sold price

$24,000

Avg days on market

271

Sale-to-list ratio

76.4%

1/2

$205,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: Unavailable
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Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: 0.73
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Lot 22 Moon Circle, Unit 22, Spring City, TN 37381

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Bathrooms: Unavailable
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Acres

Lot 2 Hinch Street, Unit 25 & 811, Spring City, TN 37381

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Bedrooms: Unavailable
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Square Feet: 0.5
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281 Ketchersid Avenue, Spring City, TN 37381

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$13,000

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Bedrooms: Unavailable
Bathrooms: Unavailable
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0 Kings Hill Road, Spring City, TN 37381

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Unavailable
Bedrooms: Unavailable
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Acres

352 Mars Hill Road, Spring City, TN 37381

1/10

$20,750

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Unavailable
Bedrooms: Unavailable
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Square Feet: 1.1
Acres

1-ac Reed Strickland Lane, Spring City, TN 37381

1/2

$90,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: Unavailable
Square Feet: 3.77
Acres

Lot 33-35 Spring Harbor Drive, Spring City, TN 37381

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Location

Listing Courtesy of simpliHOM, Angie Stumbo (423.428.9181)

Sold By COMPS ONLY, Comps Non Member Licensee (423.555.5555)

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$965 per month

30 year fixed, 6.55% Interest

Principal and Interest

$839

Property Taxes

$127

HOA Dues

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Property Information for 198 Ellis Street

Property Details

Taxes: $1,518 / year
MLS Type: Residential Income / Triplex
County: Rhea County
Architectural Style: Other
Waterfront: No

Building Information

Stories: 1
Residences: 3
Year Built: 1973
Lot Size: 0.13 AC / 5,662 SF

Summary

Location and General Information

City: Spring City
County Or Parish: Rhea

Directions: Hwy 27 North to Spring City. Just before 1st red light, take a right onto Ellis Street. Property is on the right.
Latitude: 35.688398
Longitude: -84.861488
Postal Code: 37381
State Or Province: TN
Subdivision Name: None
Road : Gravel: Yes

Taxes and HOA

Tax Legal Description: 031P C 001.01
Additional Parcels: No

Parcel Number: 031p C 001.01
Association Fee: $0
Association: No
Tax Annual Amount: $1,518

School Information

Middle Or Junior School: Spring City
High School: Rhea County High School

Elementary School: Spring City

Parking

Garage: No
Attached Garage: No

Property

Lot Information

Lot Features: City Lot, Level
Lot Size Dimensions: 30 X 188

Lot Size Acres: 0.13
Living Area Source: Tax Records
Lot Size Square Feet: 5662.8
Building Area Total: 2000.0
Lot Size Units: Acres
Living Area: 2000.0

Property and Assessments

Property Type Label: Residential Income
New Construction: No

Home Warranty: No
Floor Plans Count: 0
Year Built: 1973
Property Type: Residential Income
Property Sub Type: Triplex

Utilities

Water Source: Public
Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Available

Interior and Exterior Features

Exterior Features

Senior Community: No
Construction Materials: Block

Pool Features: None
Community Features: None
Parking Features: Gravel
Exterior Features: None
Roof: Asphalt, Shingle
Roofing : Shingle: Yes
Structures : None: Yes

Interior Features

Fireplace: No
Appliances: Refrigerator, Electric Range

Bathrooms Total Integer: 0
Bathrooms Total Decimal: 0.0
Bathrooms Total Notational: 0.0
Cooling: Yes
Heating: Yes
Foundation Details: Slab
Cooling: Central Air, Varies by Unit, Window Unit(s)
Heating: Central, Multi Units
Levels: One
Flooring: Carpet, Laminate
Stories: 1
Green Features : Central Air: Yes
Foundation : Block: Yes
Cooling : Central: Yes
Bed/Bath : None: Yes
Floors : Carpet: Yes
Floors : Laminate: Yes

Multi Family

Multi-Family Information

Number Of Units Total: 3

Unit 1

Unit 1 Features : Den: No
Unit 1 Features : Efficiency: No

Unit 1 Features : Kitchen: Yes
Unit 1 Features : Microwave: No
Unit 1 Features : Refrigerator: Yes

Unit 2

Unit 2 : Bedrooms: 1
Unit 2 Features : Den: No

Unit 2 Features : Efficiency: Yes
Unit 2 Features : Separate Dining: No

Unit 3

Unit 3 : Bedrooms: 1
Unit 3 Features : Efficiency: Yes

Unit 3 Features : Living Room: Yes
Unit 3 Features : Separate Dining: No

Unit 4

Unit 4 : Bedrooms: 2
Unit 4 Features : Kitchen: Yes

Unit 4 Features : Living Room: Yes
Unit 4 Features : Separate Dining: No

Rental

Rental Information

Tenant Pays: All Utilities
Tenant Pays : None: Yes

Property History for 198 Ellis Street

Date	Event & Source	Price	Appreciation
Feb 14, 2025	Closed (Public Record) Public Record #1551002658	$165,000	—
Feb 14, 2025	Closed (Public Record) Public Record #1551002658	$165,000	+24.8% / yr
Feb 14, 2025	Closed REALTRACS #2978936	$165,000	—
Feb 14, 2025	Closed Greater Chattanooga Association of REALTORS #1503113	$165,000	—
Jan 27, 2025	Contract - Not Showing Greater Chattanooga Association of REALTORS #1503113		—
Jan 27, 2025	Contract - Showing Greater Chattanooga Association of REALTORS #1503113		—
Jan 24, 2025	Contract - Not Showing REALTRACS #2978936		—
Jan 7, 2025	Price Change Greater Chattanooga Association of REALTORS #1503113	$174,900	—
Dec 3, 2024	Price Change Greater Chattanooga Association of REALTORS #1503113	$179,000	—
Nov 13, 2024	Listed (Active) Greater Chattanooga Association of REALTORS #1503113	$188,900	—
Oct 31, 2024	Expired REALTRACS #2669938	$189,900	—
Oct 31, 2024	Expired REALTRACS #2710162	$189,900	—
Oct 15, 2024	Price Change REALTRACS #2669938	$199,500	—
Oct 13, 2024	Price Change REALTRACS #2669938	$199,600	—
Oct 3, 2024	Price Change REALTRACS #2669938	$199,700	—
Sep 26, 2024	Price Change REALTRACS #2669938	$199,800	—
Sep 6, 2024	Price Change REALTRACS #2669938	$199,900	—
Sep 2, 2024	Price Change REALTRACS #2669938	$208,900	—
Jul 30, 2024	Price Change REALTRACS #2669938	$209,000	—
Jun 20, 2024	Listed (Active) REALTRACS #2669938	$235,000	—
May 24, 2024	Expired REALTRACS #2642719	$245,000	—
Mar 15, 2024	Listed (Active) REALTRACS #2642719	$245,000	—
Aug 28, 2018	Withdrawn REALTRACS #3303076	$69,900	—
Aug 20, 2018	Closed REALTRACS #3302925	$39,000	—
Aug 16, 2018	Closed (Public Record) Public Record #628918817	$39,000	—
Aug 16, 2018	Closed (Public Record) Public Record #628918817	$39,000	—
Aug 16, 2018	Closed (Public Record) Public Record #628918817	$39,000	-4.4% / yr
Aug 9, 2018	Closed Greater Chattanooga Association of REALTORS #1215589	$39,000	—
Aug 9, 2018	Closed Greater Chattanooga Association of REALTORS #1215589	$39,000	—
Aug 9, 2018	Closed KAARMLS #905421	$39,000	—
Jul 16, 2018	Contract - Not Showing Greater Chattanooga Association of REALTORS #1215589		—
Jul 16, 2018	Contract - Not Showing Greater Chattanooga Association of REALTORS #1215589		—
Jul 12, 2018	Contract - Not Showing REALTRACS #3302925		—
Jul 12, 2018	Contract - Not Showing KAARMLS #905421		—
Oct 13, 2017	Price Change Greater Chattanooga Association of REALTORS #1215589	$69,900	—
Oct 13, 2017	Price Change Greater Chattanooga Association of REALTORS #1215589	$69,900	—
Oct 13, 2017	Price Change KAARMLS #905421	$69,900	—
Nov 3, 2014	Listed (Active) KAARMLS #905421	$109,000	—
Aug 15, 2014	Listed (Active) Greater Chattanooga Association of REALTORS #1215589	$109,000	—
Aug 15, 2014	Listed (Active) Greater Chattanooga Association of REALTORS #1215589	$109,000	—
Apr 9, 2014	Expired KAARMLS #869046		—
Dec 5, 2013	Listed (Active) KAARMLS #869046	$109,000	—
Apr 18, 2007	Closed (Public Record) Public Record #222157534	$65,000	—
Apr 18, 2007	Closed (Public Record) Public Record #222279319	$65,000	—

Date	Event & Source	Price
02/14/2025	Closed (Public Record) Public Record #1551002658	$165,000
02/14/2025	Closed (Public Record) Public Record #1551002658	$165,000 +24.8% / yr
02/14/2025	Closed REALTRACS #2978936	$165,000
02/14/2025	Closed Greater Chattanooga Association of REALTORS #1503113	$165,000
01/27/2025	Contract - Not Showing Greater Chattanooga Association of REALTORS #1503113	—
01/27/2025	Contract - Showing Greater Chattanooga Association of REALTORS #1503113	—
01/24/2025	Contract - Not Showing REALTRACS #2978936	—
01/07/2025	Price Change Greater Chattanooga Association of REALTORS #1503113	$174,900
12/03/2024	Price Change Greater Chattanooga Association of REALTORS #1503113	$179,000
11/13/2024	Listed (Active) Greater Chattanooga Association of REALTORS #1503113	$188,900
10/31/2024	Expired REALTRACS #2669938	$189,900
10/31/2024	Expired REALTRACS #2710162	$189,900
10/15/2024	Price Change REALTRACS #2669938	$199,500
10/13/2024	Price Change REALTRACS #2669938	$199,600
10/03/2024	Price Change REALTRACS #2669938	$199,700
09/26/2024	Price Change REALTRACS #2669938	$199,800
09/06/2024	Price Change REALTRACS #2669938	$199,900
09/02/2024	Price Change REALTRACS #2669938	$208,900
07/30/2024	Price Change REALTRACS #2669938	$209,000
06/20/2024	Listed (Active) REALTRACS #2669938	$235,000
05/24/2024	Expired REALTRACS #2642719	$245,000
03/15/2024	Listed (Active) REALTRACS #2642719	$245,000
08/28/2018	Withdrawn REALTRACS #3303076	$69,900
08/20/2018	Closed REALTRACS #3302925	$39,000
08/16/2018	Closed (Public Record) Public Record #628918817	$39,000
08/16/2018	Closed (Public Record) Public Record #628918817	$39,000
08/16/2018	Closed (Public Record) Public Record #628918817	$39,000 -4.4% / yr
08/09/2018	Closed Greater Chattanooga Association of REALTORS #1215589	$39,000
08/09/2018	Closed Greater Chattanooga Association of REALTORS #1215589	$39,000
08/09/2018	Closed KAARMLS #905421	$39,000
07/16/2018	Contract - Not Showing Greater Chattanooga Association of REALTORS #1215589	—
07/16/2018	Contract - Not Showing Greater Chattanooga Association of REALTORS #1215589	—
07/12/2018	Contract - Not Showing REALTRACS #3302925	—
07/12/2018	Contract - Not Showing KAARMLS #905421	—
10/13/2017	Price Change Greater Chattanooga Association of REALTORS #1215589	$69,900
10/13/2017	Price Change Greater Chattanooga Association of REALTORS #1215589	$69,900
10/13/2017	Price Change KAARMLS #905421	$69,900
11/03/2014	Listed (Active) KAARMLS #905421	$109,000
08/15/2014	Listed (Active) Greater Chattanooga Association of REALTORS #1215589	$109,000
08/15/2014	Listed (Active) Greater Chattanooga Association of REALTORS #1215589	$109,000
04/09/2014	Expired KAARMLS #869046	—
12/05/2013	Listed (Active) KAARMLS #869046	$109,000
04/18/2007	Closed (Public Record) Public Record #222157534	$65,000
04/18/2007	Closed (Public Record) Public Record #222279319	$65,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 198 Ellis Street

Taxable ValueLand$5,160Additions$46,160Total$51,320

Home Facts

Beds0Total Finished SqFt1,040 SqFtAbove Grade Finished SqFt1,040 SqFtStories1Lot Size5,663 SqFtStyleSingle Family ResidenceYear Built1981CountyRHEAAPN031P C 00101

Schools near 198 Ellis Street

This home is within Rhea County School District.


Rating	School	Type	Grades	Distance
8/10	Spring City Elementary School	Public - Nearby school	PK to 5	0.4 mi
7/10	Spring City Middle School	Public - Nearby school	6 to 8	0.6 mi
4/10	Rhea County High School	Public - Serves this home	9 to 12	8.3 mi
6/10	Rhea Middle School	Public - Nearby school	6 to 8	8.3 mi
8/10	Frazier Elementary School	Public - Nearby school	K to 5	14.7 mi
6/10	Rhea Central Elementary	Public - Nearby school	PK to 5	16.1 mi


Rating	School	Distance
8/10	Spring City Elementary School PublicPK to 5 Nearby school	0.4 mi
7/10	Spring City Middle School Public6 to 8 Nearby school	0.6 mi
4/10	Rhea County High School Public9 to 12 Serves this home	8.3 mi
6/10	Rhea Middle School Public6 to 8 Nearby school	8.3 mi
8/10	Frazier Elementary School PublicK to 5 Nearby school	14.7 mi
6/10	Rhea Central Elementary PublicPK to 5 Nearby school	16.1 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 198 Ellis Street, Spring City, TN 37381	$165,000	–	–	2,000	5,662
210 Ellis Street, Spring City, TN 37381	$160,000	–	3	8,928	65,776
194 Ellis Street, Spring City, TN 37381	$195,000	–	5.5	3,640	41,382
152 Ellis Street, Spring City, TN 37381	$110,000	–	0.5	7,706	28,750
144 Ellis Street, Spring City, TN 37381	$98,000	–	1.5	4,680	93,218
211 Ellis Street, Spring City, TN 37381	–	–	0.5	42,430	77,972
22320 Rhea County Highway, Spring City, TN 37381	–	–	1	1,344	–
22400 Rhea County Highway, Spring City, TN 37381	$250,000	–	1.5	3,468	28,750
545 North Hillcrest Drive, Spring City, TN 37381	–	–	2	1,438	57,935
22456 Rhea County Highway, Spring City, TN 37381	–	–	–	4,152	33,106
872 Hinch Street, Spring City, TN 37381	–	–	–	–	116,741
574 North Hillcrest Drive, Spring City, TN 37381	–	–	4	3,535	213,444
125 West Magaffin Avenue, Spring City, TN 37381	$40,000	–	2	1,338	36,590
650 North Hillcrest Drive, Spring City, TN 37381	–	–	2	1,583	206,910
532 North Hillcrest Drive, Spring City, TN 37381	–	–	2	2,547	142,006
446 Timber Dr Spring, Spring City, TN 37381	$185,000	5	3	2,548	13,068

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of simpliHOM, Angie Stumbo (423.428.9181)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 02/19/2025 06:16 PM

Spring City, TN

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