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Sold for $281,500
  • $281,500

    701 Summit Ave, Chattanooga, TN 37412

    6beds
    2,214sqft
    Duplex
    Built in 1980
    -- sqft lot
    $313,200 Zestimate®
    $127/sqft
    $1,678 Estimated rent

    Home value

    $313,200

    $294,000 - $332,000

    $1,678/mo

    Zestimate® history
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    Owner options

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    $1,678/mo

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    $1,678/mo

    Rent Zestimate®

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    $1,625/mo

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    $1,625/mo

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    What's special

    Investment Opportunity! Welcome to 701 Summit Ave, a duplex just minutes from downtown Chattanooga in East Ridge. This updated property offers a seamless blend of comfort, style, and convenience. The interior boasts new flooring, a fully modernized kitchen with stainless steel appliances, and spacious living areas for relaxation and entertainment. With two generously sized bedrooms and recently updated bathrooms, this duplex provides a stylish and comfortable living experience. Convenience is key with ample parking, outdoor storage, and additional storage space inside. Positioned on a prominent hill, enjoy a serene living environment flooded with natural light and surrounded by tranquil trees. 701 Summit Ave is move-in ready, presenting the perfect mix of comfort and practicality. Whether you're looking for an investment or a new home, don't miss the opportunity to embrace modern convenience and timeless style in East Ridge. The left Unit B is rented for $1295/month until December 2024 and the right side Unit A is ready for an owner occupant buyer or to be leased by the new investor. Only the vacant side can be shown and the tenant occupied side can only be shown after an accepted offer within the inspection period. Financing eligible for owner occupants with 0%, 3.5% or 5% down via VA, FHA, and Conventional Financing. Call to schedule a showing or additional information.

    Zillow last checked:

    Listing updated:

    Listed by:

    Corey Ballew 423-529-0696,

    REAL Broker

    Bought with:

    Wade Kelley, 332459

    LPT Realty LLC

    Source: Greater Chattanooga Realtors,MLS#: 1384176

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Features
    • Storage
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,214
    • Total interior livable area: 2,214 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Two
    • Patio & porch: Deck, Patio
    Lot
    • Size: 0.36 Acres
    • Dimensions: 200 x 80.6
    • Features: Sloped
    Details
    • Parcel number: 156l B 001.01
    • Special conditions: Investor

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    Materials
    • Brick, Other
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1980

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Connected

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: Chattanooga
    • Subdivision: None

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    1/31/2024Sold$281,500-9.2%$127/sqft
    Source: Greater Chattanooga Realtors #1384176 Report a problem
    12/17/2023Contingent$310,000$140/sqft
    Source: Greater Chattanooga Realtors #1384176 Report a problem
    12/16/2023Listed for sale$310,000+77.1%$140/sqft
    Source: Greater Chattanooga Realtors #1384176 Report a problem
    6/27/2022Sold$175,000$79/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,831 +44.6%$107,520 +128.6%
    2024$1,958 $47,040
    2023$1,958 $47,040
    2022$1,958 +86.1%$47,040
    2021$1,052 -18.9%$47,040 +0.3%
    2020$1,297 $46,920
    2019$1,297 $46,920
    2018$1,297 -42.2%$46,920
    2017$2,243 -0.3%$46,920
    2016$2,251 --
    2015$2,251 $46,160
    2014$2,251 +47.4%--
    2013$1,528 $46,160 -16.4%
    2012$1,528 $55,240
    2011$1,528 $55,240
    2010$1,528 $55,240
    2009$1,528 $55,240 +9.6%
    2008-- $50,400
    2007-- $50,400
    2006-- $50,400
    2005-- $50,400 +10.6%
    2004-- $45,560
    2003-- $45,560 +53.5%
    2002-- $29,680
    2001-- $29,680 +10.6%
    2000-- $26,840

    Find assessor info on the county website

    Neighborhood: 37412

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: East Ridge Elementary
    • Middle: East Ridge Middle
    • High: East Ridge High

    Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $313,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $313,200