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Chattanooga 37411 Brainerd
310 Gillespie Road
Photo of 310 Gillespie Road
Sold on Nov 10, 2021

24

Map

Photo of 310 Gillespie Road
Photo of 310 Gillespie Road
$149,900
● House - Off Market

310 Gillespie Road

Chattanooga, TN 37411
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,225 Ft²
$177,296
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

This charming 2 bedroom 1 bath home is a great starter home or investment property. Beautiful original hardwood floors thru-out, Cathedral ceiling in living room. Large, shaded and fenced in back yard. Arched doorways and so many 1940''s original designs. This home has loads of character and potential. Unfinished basement with garage. Make your appointment for your private showing today.
Unit Size
1,225 Ft²
Days on Market
31 days
Land Size
0.17 acres
Price per sqft
$130
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (Realtracs #RTC2467507)

Price History

Date / Event Date Event Price
Nov 10, 2021 Sold
Premium
Sold
Oct 7, 2021 Listed by Keller Williams Cleveland $159,000
Listed by Keller Williams Cleveland
Jul 9, 2017 Listed $75,000
Listed
Great Investment Opportunity! This 2 bedroom 1 bath home would be a great starter home or investment property. Beautiful hardwood floors through-out. Make your appointment for your private showing today. Home is being sold As Is.The manager has listed the unit size as 1225 square feet.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1972
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 29
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,730
  • Lot Size Depth Feet: 1,546
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,233
  • Building Area: 1,233
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 1,233
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNNYSIDE
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 111
  • Legal Description 1: LT 9 BLK D RESUB BLK D SUNNYSIDE PB 12 PG47

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 002900

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: MB 12 PG 47
  • Account Number: 0000094847
  • District: 1
  • Parcel: 157A E 013
  • Block: D
  • Lot: 9
  • Municipality: CHATTANOOGA
  • Latitude: 35.0274
  • Longitude: -85.2421

    Address

  • Full Address: 310 Gillespie Rd
  • Address - House Number: 310
  • Address - Street Name: Gillespie
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C009
  • 4-Digit Zip Code: 3104
  • Zip Code: 37411

Valuation

    Tax

  • Total Area: 1,339
  • Tax Year: 2023
  • Tax Amount: $58,114

    Appraisal Valuation

  • Standard Deviation: 0.4541
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 9
  • Final Value: 67,629
  • High Value: 98,345
  • Low Value: 36,912

    Market Valuation

  • Market Total Value: $103,900
  • Market Land Value: $18,800
  • Market Improvement Value: $85,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,975

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021111200020
  • Previous Sale Recording Date: Apr 30, 2018
  • Previous Sale Contract Date: Apr 27, 2018
  • Previous Sale Amount: $64,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Brainerd

Stats & Trends

Median Asking:

$293,000

Sale Price/ft²

$177

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1441 ft²

Average Home Age

84 years

Currently For Sale

12 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Liz Cockrell, Keller Williams Cleveland
Last Updated: 6 months ago
Data Source: Realtracs, MLS# RTC2467507
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 310 Gillespie Road built and last sold?
The property at 310 Gillespie Road was built in 1940 and last sold on Nov 10, 2021 for $149,900.
How much is this home worth?
The estimated value of the home located at 310 Gillespie Road is $158,449.
What are some comparable homes to 310 Gillespie Road?
There are currently no comparable homes to 310 Gillespie Road.
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