3 months on rocket

1469 Palisades Rd, Signal Mountain, TN, 37377

$485,000

Home List Price

$5,759*

Closing Credit

0 Baths
1,992 SqFt
$243/SqFt
Multi

Location

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1469 Palisades Rd, Signal Mountain$485,000

Buyer Closing Credits

$5,759*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOff Street
Attached Garage2 spaces
Year Built1973
HeatingCentral, Electric
CoolingCentral Air, Electric
BasementYes
ViewOther
MLS #1394036
Lot Size0.45 Acres
StatusActive

About 1469 Palisades Rd

** No showings until there is an accepted offer in place. Welcome to 1469 Palisades Rd, a split-level duplex situated halfway up the front of Signal Mountain and zoned for the nationally recognized and award-winning Signal Mountain schools. This duplex offers unparalleled convenience for commuting to downtown Chattanooga while still providing the serene and scenic lifestyle that Signal Mountain is known for. This property is an outstanding investment opportunity, offering both current rental income and the potential for even higher returns. Each side of this split-level duplex features 2 bedrooms and 1 bathroom, providing ample space for comfortable living. The design ensures privacy and separation for occupants on both sides, making it suitable for various rental arrangements or multi-generational living. The units feature wood flooring, adding a touch of elegance and warmth to the living spaces. One side of the duplex has been recently updated, showcasing modern touches that enhance its appeal. The updated unit boasts a beautiful kitchen with white cabinetry for ample storage and matching white appliances, creating a classic and clean look. Fresh and cohesive paint colors throughout give the unit a bright and inviting atmosphere. New doors and hardware provide a contemporary feel, while new lighting fixtures and ceiling fans add style and functionality. Each bedroom within the units offers plenty of storage with spacious closets, catering to the needs of renters. Currently, the property generates rental income, but there is significant potential for increasing this revenue. The updates made to one side of the duplex enhance its desirability and similar improvements to the other side could further elevate the property's appeal and rental value. With its prime location and attractive features, this duplex could be fetching more rental income than the current owner is receiving. Please Note: This is a tenant occupied property. 1471 (left side) lease ends 12/6/2024. 1469 (right side) lease ends 11/1/2025. Local lenders are preferred.

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Stories: 1
  • Living Area: 1,992 SqFt

Listing Office:

  • Office Name: Real Estate Partners Chattanooga LLC
  • Office Phone: (423) 265-0088

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Eat-in Kitchen, Open Floorplan

Exterior Features

Exterior Information:

  • View: Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Gentle Sloping, Wooded
  • Lot Size: 0.45 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Signal Mountain Middle - High School, Public Magnet Grades 6-12
  • Chattanooga School for The Arts and Science Upper School, Public District Grades 6-12
  • Hamilton County Middle College High School At Chattanooga S, Public District Grades 10-12
  • Thrasher Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From downtown Chattanooga, take Hwy 27 N; get off on the Signal Mountain Road exit and head towards the front of Signal Mountain from Signal Mountain Road; continue on Signal Mountain Blvd; turn left on Palisades Rd; the duplex will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $485,000
  • Price Per SqFt: $243/SqFt

Tax Information:

  • Annual Amount: $2,476
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Signal Mountain, TN.

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Signal Mountain, TN

City

Med. Sold Price

$682K

Med. Price/SqFt

$245

Avg. Days On Market

73

# of Sold Homes

23

1469 Palisades Rd vs Signal Mountain

95 DAYS ON ROCKET

+22 Days

$485,000

-$197K Less

$243/SqFt

-$3 Less

KEY TAKEAWAY

This property is $197K less than the Median Sold Price and $3/SqFt less than other homes in Signal Mountain, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Chattanooga REALTORS®
  • MLS Number: #1394036

Listing Office:

  • Office Name: Real Estate Partners Chattanooga LLC
  • Office Phone: (423) 265-0088

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/20/2024, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 24, 2021Home Sold
$220,000
May 01, 2012Home Sold
$99,000
Feb 07, 2006Home Sold
$141,200

Tax History

YEARPROP. TAXASSESSMENT
2020$2,476$46,080
2019$1,274$46,080
2017$1,274$46,080

History based on county public records data.

Payment Calculator

$2,488

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,521

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-177762
8
/10

  • Thrasher Elementary School

  • 1301 James Blvd

  • 2.67 miles

  • Public District Grades KG-5

High School

school-card-donut-177763
8
/10

  • Signal Mountain Middle - High School

  • 2650 Sam Powell Trl

  • 3.77 miles

  • Public Magnet Grades 6-12

school-card-donut-177764
7
/10

  • Chattanooga School for The Arts and Science Upper School

  • 865 E 3rd St

  • 5.16 miles

  • Public District Grades 6-12

school-card-donut-177765
9
/10

  • Hamilton County Middle College High School At Chattanooga S

  • 4501 Amnicola Hwy

  • 6.49 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,787. Most Signal Mountain, TN residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Tennessee›Hamilton County›Signal Mountain›37377›1469 Palisades Rd

This home is located at 1469 Palisades Rd in Signal Mountain, TN and zip code 37377 in the Mountain Creek / Moccasin Bend neighborhood. This 1,992 square foot home, which was built in 1973, sits on a 0.45 acre lot. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $485,000.

While more than 7 listings in Signal Mountain, TN in August 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 9 were sold below. In August 2024 in Signal Mountain, TN there were 6.7% more homes for sale than in July 2024. Listings spent 73 days on the market in August 2024, and had a median list price of $682,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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