517 Mountain Ridge Road

Closed 1/4/19Virtual Tour

Sold

Last Sold Price

$140,000

4 beds2 baths1,704 sqft

517 Mountain Ridge Rd, Chattanooga, TN 37405

Multi FamilyProperty Type

1975Year Built

$82/sq ftPrice per sq ft

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 • Source: Greater Chattanooga Association of REALTORS as distributed by MLS GRID, MLS#: 1261852

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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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$895 per month

30 year fixed, 7.03% Interest

Principal and Interest

$747

Property Taxes

$148

HOA Dues

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Property Information for 517 Mountain Ridge Road

Property Details

Taxes: $1,772 / year
MLS Type: MultiFamily
County: Hamilton County
Waterfront: No

Building Information

Building/Complex: 517 Mountain Ridge Rd
Stories: 1
Year Built: 1975

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: 35.100703
Longitude: -85.314756
Postal Code: 37405
State Or Province: TN
Subdivision Name: Mountain Ridge

Taxes and HOA

Tax Book Number: 5357
Tax Legal Description: Lot 2 Mountain Ridge Sub Pb27 Pg349

Parcel Number: 117k B 014
Association Fee: $0
Association: No
Tax Annual Amount: $1,772
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

Virtual Tour

Virtual Tour URL Unbranded: http://www.circlepix.com/home2/GP5V2L/517-Mountain-Ridge-Rd-Chattanooga-TN-1261852

Property

Lot Information

Lot Features: Gradual Sloping, Cul-De-Sac
Lot Size Dimensions: 112.95x218.46

Lot Size Acres: 0.0
Lot Size Square Feet: 0.0
Building Area Total: 1704.0
Lot Size Units: Acres
Living Area: 1704.0
Living Area Units: Square Feet

Property and Assessments

Location Tax Legal Info : Multi-Use: No
Property Type Label: MultiFamily

Property Attached: Yes
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 : On Sewer: Yes
Water Source: On Sewer

Utilities: Electricity Available

Interior and Exterior Features

Exterior Features

Senior Community: No
Construction Materials: Brick, Brick over Foundation

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: Brick/Mortar
Basement: Crawl Space
Cooling: Central Air, Electric
Heating: Central, Electric
Levels: 1 Level
Interior Features: Eat-in Kitchen
Stories: 1
Green Features : Central Air: Yes
Description : 1 Level: Yes
Cooling : Central: Yes

Multi Family

Multi-Family Information

Number Of Units Total: 0

Unit 1

Unit 1 : Unit #: 515
Unit 1 : Bedrooms: 2

Unit 1 : Full Baths: 1
Unit 1 : Half Baths: 0
Unit 1 Features : 1 Bath: Yes
Unit 1 Features : 2 Bedrooms: Yes
Unit 1 Features : Eat-In 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 #: 517
Unit 2 : Bedrooms: 2

Unit 2 : Full Baths: 1
Unit 2 : Half Baths: 0
Unit 2 Features : 1 Bath: Yes
Unit 2 Features : 2 Bedrooms: 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 : Eat-in Kitchen: Yes

Unit 4 Features : Living Room: Yes

Rental

Rental Information

Tenant Pays: All Utilities
Property Details : Gross Monthly Rent: $1,325.00

Property History for 517 Mountain Ridge Road

Date	Event & Source	Price	Appreciation
Jan 4, 2019	Closed (Public Record) Public Record #638473448	$140,000	—
Jan 4, 2019	Closed REALTRACS #2419170	$140,000	—
Jan 4, 2019	Closed Greater Chattanooga Association of REALTORS #1261852	$140,000	—
Jan 4, 2019	Closed Greater Chattanooga Association of REALTORS #1261852	$140,000	—
Dec 4, 2018	Contract - Not Showing Greater Chattanooga Association of REALTORS #1261852		—
Dec 4, 2018	Contract - Not Showing Greater Chattanooga Association of REALTORS #1261852		—
Dec 3, 2018	Contract - Not Showing REALTRACS #2419170		—
Nov 2, 2018	Listed (Active) Greater Chattanooga Association of REALTORS #1261852	$450,000	—
Nov 2, 2018	Listed (Active) Greater Chattanooga Association of REALTORS #1261852	$450,000	—
Apr 6, 2017	Listed (Active) REALTRACS #2419170	$450,000	—

Date	Event & Source	Price
01/04/2019	Closed (Public Record) Public Record #638473448	$140,000
01/04/2019	Closed REALTRACS #2419170	$140,000
01/04/2019	Closed Greater Chattanooga Association of REALTORS #1261852	$140,000
01/04/2019	Closed Greater Chattanooga Association of REALTORS #1261852	$140,000
12/04/2018	Contract - Not Showing Greater Chattanooga Association of REALTORS #1261852	—
12/04/2018	Contract - Not Showing Greater Chattanooga Association of REALTORS #1261852	—
12/03/2018	Contract - Not Showing REALTRACS #2419170	—
11/02/2018	Listed (Active) Greater Chattanooga Association of REALTORS #1261852	$450,000
11/02/2018	Listed (Active) Greater Chattanooga Association of REALTORS #1261852	$450,000
04/06/2017	Listed (Active) REALTRACS #2419170	$450,000

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

Public records

517 Mountain Ridge Road

Total Finished SqFt

1,704 SqFt

Above Grade Finished SqFt

1,704 SqFt

Stories

Lot Size

24,657 SqFt

Style

Duplex

Year Built

1975

Schools near 517 Mountain Ridge Road

This home is within Hamilton County School District.


Rating	School	Type	Grades	Distance
4/10	Red Bank Elementary School	Public - Serves this home	PK to 5	0.8 mi
5/10	Red Bank Middle School	Public - Serves this home	6 to 8	1.5 mi
5/10	Red Bank High School	Public - Serves this home	9 to 12	1.6 mi
9/10	Chatt High Center For Creative Arts	Public - Choice school	6 to 12	1.6 mi
8/10	Chattanooga School For The Arts And Science Csas L	Public - Choice school	K to 5	3.7 mi
8/10	Chattanooga School for Arts and Sciences Csas Uppe	Public - Nearby school	6 to 12	3.7 mi


Rating	School	Distance
4/10	Red Bank Elementary School PublicPK to 5 Serves this home	0.8 mi
5/10	Red Bank Middle School Public6 to 8 Serves this home	1.5 mi
5/10	Red Bank High School Public9 to 12 Serves this home	1.6 mi
9/10	Chatt High Center For Creative Arts Public6 to 12 Choice school	1.6 mi
8/10	Chattanooga School For The Arts And Science Csas L PublicK to 5 Choice school	3.7 mi
8/10	Chattanooga School for Arts and Sciences Csas Uppe Public6 to 12 Nearby school	3.7 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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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.