507 Mountain Ridge Road

Closed 1/4/19Virtual Tour
Closed 1/4/19Virtual Tour
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Last Sold Price
$57,500
4 beds2,232 sqft$26/sqft
507 Mountain Ridge Rd, Chattanooga, TN 37405

Description

Three duplexes in a desirable rental area make this a great investment opportunity. 507, 517, and 523 Mountain Ridge Rd are contiguous to each other in a quiet Red Bank neighborhood. They offer expansive yards with privacy as well as quick access to downtown and Hixson. Total GMI for the 6 units is $4,150, and they are always 100% occupied. Letter of intent required prior to viewing the interior of the properties. All three can be purchased for $425,000.Three duplexes in a desirable rental area make this a great investment opportunity. 507, 517, and 523 Mountain Ridge Rd are contiguous to each other in a quiet Red Bank neighborhood. They offer expansive yards with privacy as well as quick access to downtown and Hixson. Total GMI for the 6 units is $4,150, and they are always 100% occupied. Letter of intent required prior to viewing the interior of the properties. All three can be purchased for $425,000.
LISTING CLOSED: 01/04/2019 01:00 AM

  1. Listed by Grace Frank • Real Estate Partners Chattanooga LLC

Property Details for 507 Mountain Ridge Road

Status
Closed
MLS #
1261846
Days on Market
606
Pet Policy
-
Taxes
$1,932 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
MultiFamily
Year Built
1975
County
Hamilton County
Waterfront
No
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Location

Listing Courtesy of Real Estate Partners Chattanooga LLC, Grace Frank (423.265.0088)

Sold By Real Estate Partners Chattanooga LLC, Eddie Bodkin (423.265.0088)

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Building Information for 507 Mountain Ridge Road

Building/Complex507 Mountain Ridge RdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1975Building Size-

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$453 per month

30 year fixed, 6.55% Interest

Principal and Interest

$292

Property Taxes

$161

HOA Dues

$0

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Property Information for 507 Mountain Ridge Road

Summary
Location and General Information
  • City: Chattanooga
  • County Or Parish: Hamilton
  • Directions: Following Dayton Blvd N, turn Left onto Hedgewood Dr. Turn Right onto Lullwater Rd. Turn Left onto Mountain Ridge Rd, and the duplex will be on the Right.
  • Latitude: 35.100643
  • Longitude: -85.314401
  • Postal Code: 37405
  • State Or Province: TN
  • Subdivision Name: Mountain Ridge
Taxes and HOA
  • Tax Book Number: 5357
  • Tax Legal Description: Lot 1 Mountain Ridge Sub Pb 27 Pg 349
  • Parcel Number: 117k B 013
  • Association Fee: $0
  • Association: No
  • Tax Annual Amount: $1,932
  • Location Tax Legal Info : Deed Page: 485
School Information
  • Middle Or Junior School: Red Bank Middle
  • High School: Red Bank High School
  • Elementary School: Red Bank Elementary
Parking
  • Garage: No
  • Attached Garage: No
  • Parking : Off Street Parking: Yes
Property
Lot Information
  • Lot Features: Gradual Sloping, Cul-De-Sac
  • Lot Size Dimensions: 108x161.62
  • Lot Size Acres: 0.0
  • Lot Size Square Feet: 0.0
  • Building Area Total: 2232.0
  • Lot Size Units: Acres
  • Living Area: 2232.0
  • Living Area Units: Square Feet
Property and Assessments
  • Location Tax Legal Info : Multi-Use: No
  • Property Type Label: MultiFamily
  • Property Attached: Yes
  • Sewer: Septic Tank
  • New Construction: No
  • Documents Available: Confirmation of Agency, Disclaimer Notice, Seller's Disclosure
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1975
  • Property Type: MultiFamily
  • Property Sub Type: Duplex
Utilities
  • WaterSewer : Septic Tank: Yes
  • WaterSewer : Sewer Available: Yes
  • Water Source: Septic Tank, Sewer Available
  • Utilities: Electricity Available
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Brick over Foundation, Siding
  • Pool Private: No
  • Community Features: None
  • Parking Features: Off Street
  • Roof: Shingle
  • Property Details : Special Needs: N
  • Roofing : Shingle: Yes
Interior Features
  • Fireplace: No
  • Electric: Yes
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • Foundation Details: Block, Brick/Mortar
  • Basement: Crawl Space
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Levels: 2 Level
  • Interior Features: Eat-in Kitchen
  • Stories: 2
  • Green Features : Central Air: Yes
  • Description : 2 Level: Yes
  • Cooling : Central: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Unit 1
  • Unit 1 : Unit #: 505
  • Unit 1 : Bedrooms: 2
  • Unit 1 : Full Baths: 1
  • Unit 1 : Half Baths: 1
  • Unit 1 Features : 15 Baths: Yes
  • Unit 1 Features : 2 Bedrooms: Yes
  • Unit 1 Features : Deck/Patio: Yes
  • Unit 1 Features : Eat-In Kitchen: Yes
  • Unit 1 Features : Fireplace: Yes
  • Unit 1 Features : Kitchen: Yes
  • Unit 1 Features : Laundry Hookup: Yes
  • Unit 1 Features : Living Room: Yes
  • Unit 1 Features : Oven/Range: Yes
  • Unit 1 Features : Refrigerator: Yes
Unit 2
  • Unit 2 : Unit #: 507
  • Unit 2 : Bedrooms: 2
  • Unit 2 : Full Baths: 1
  • Unit 2 : Half Baths: 1
  • Unit 2 Features : Kitchen: Yes
  • Unit 2 Features : 15 Baths: Yes
  • Unit 2 Features : 2 Bedrooms: Yes
  • Unit 2 Features : Deck/Patio: Yes
  • Unit 2 Features : Eat-in Kitchen: Yes
  • Unit 2 Features : Laundry Hookup: Yes
  • Unit 2 Features : Living Room: Yes
  • Unit 2 Features : Oven/Range: Yes
  • Unit 2 Features : Refrigerator: Yes
Unit 3
  • Unit 3 : Bedrooms: 2
  • Unit 3 Features : Living Room: Yes
Unit 4
  • Unit 4 : Bedrooms: 2
  • Unit 4 Features : Kitchen: Yes
  • Unit 4 Features : Eat-in Kitchen: Yes
  • Unit 4 Features : Living Room: Yes
Rental
Rental Information
  • Tenant Pays: All Utilities
  • Property Details : Gross Monthly Rent: $1,300.00

Property History for 507 Mountain Ridge Road

DateEvent & SourcePriceAppreciation
Jan 4, 2019

Closed

REALTRACS #2419111

$57,500—
Jan 4, 2019

Closed

Greater Chattanooga Association of REALTORS #1261846

$57,500—
Jan 4, 2019

Closed

Greater Chattanooga Association of REALTORS #1261846

$57,500—
DateEvent & SourcePrice
01/04/2019

Closed

REALTRACS #2419111

$57,500
01/04/2019

Closed

Greater Chattanooga Association of REALTORS #1261846

$57,500
01/04/2019

Closed

Greater Chattanooga Association of REALTORS #1261846

$57,500

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

Public Records for 507 Mountain Ridge Road

Taxable ValueLand-Additions-Total-
Tax Record2025$1,397 ($116 / month)
Home Facts
Baths6Total Finished SqFt2,232 SqFtAbove Grade Finished SqFt2,232 SqFtStories2Lot Size16,123 SqFtStyleDuplexYear Built1975Year Renovated1975ZoningR1CountyHAMILTONAPN117K B 013

Schools near 507 Mountain Ridge Road

This home is within Hamilton County School District.
Rating
School
Type
Grades
Distance
Red Bank Elementary School
Public - PK to 5
Red Bank Middle School
Public - 6 to 8
Red Bank High School
Public - 9 to 12
Chatt High Center For Creative Arts
Public - 6 to 12
Rating
School
Distance
Red Bank Elementary School
PublicPK to 5

Red Bank Middle School
Public6 to 8

Red Bank High School
Public9 to 12

Chatt High Center For Creative Arts
Public6 to 12

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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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 Real Estate Partners Chattanooga LLC, Grace Frank (423.265.0088)

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: 08/28/2024 02:31 AM