Rare opportunity to purchase a 5+ acre home site in Signal Mountain's highly desired and established Old Towne. The home site(s) has SEWER APPROVAL and will offer partial views of Lookout Mountain and stunning mountain scenery. Just minutes from downtown Chattanooga, this gorgeous property is located in the established cul-de-sac of Mathes Ln and is ready for you to start the building process. Your backyard would include gorgeous rock formations and mature trees. Located around the corner from the famous Signal Point hiking trail, Edwards Point, Rainbow Lake Wilderness Park and numerous other hiking trails and overlooks that are absolutely breathtaking. Also nearby is the Signal Mountain Golf and Country Club, Mayfly Coffee, CVS Pharmacy, Pruett's Signal Mountain Market Grocery, restaurants and shopping and all that Signal Mountain offers. Offered for sale as 4 total parcels (Lot 5 which is 204 Mathes Ln plus Lot 6, 7 and 8). Zoned for award winning Thrasher Elementary School, Signal Mountain Middle and High School. The Baylor School (private) is located minutes away at the foot of the mountain. The University of Tennessee - Chattanooga is just minutes away downtown. Build your home and enjoy true Signal Mountain living in beautiful East Tennessee.
Property Details
Property Features
Listing Office:
Office Name: Berkshire Hathaway HomeServices Realty Center
Directions: Signal Mountain Blvd., sharp left at top of mountain before traffic light. Left on Mississippi, Left on Riverpoint, Left on Brady Point, Right on Mathes, end of cul-de-sac. Lot 5 along the left and Lot 6-8 straight ahead.
Price Information
Listing Price Info
Price Summary:
List Price: $600,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Signal Mountain, TN.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,062
Per Month
Principal & Interest
$2,995
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,865
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Red Bank Elementary School
1100 Mountain Creek Rd
Distance between this listing and this school1.97 miles
Public District Grades PK-5
8
/10
Thrasher Elementary School
1301 James Blvd
Distance between this listing and this school2.33 miles
Public District Grades KG-5
8
/10
Nolan Elementary School
4435 Shackleford Ridge Rd
Distance between this listing and this school3.07 miles
Public District Grades KG-5
Nearby Schools
3
/10
Red Bank Middle School
3701 Tom Weathers Dr
Distance between this listing and this school2.87 miles
Public District Grades 6-8
6
/10
Normal Park Museum Magnet School
1219 W Mississippi Ave
Distance between this listing and this school4.11 miles
Public Magnet Grades PK-8
4
/10
Orchard Knob Middle School
500 N Highland Park Ave
Distance between this listing and this school6.69 miles
Public District Grades 6-8
Nearby Schools
4
/10
Red Bank High School
640 Morrison Springs Rd
Distance between this listing and this school2.85 miles
Public District Grades 9-12
8
/10
Signal Mountain Middle/High School
2650 Sam Powell Trl
Distance between this listing and this school3.21 miles
Public Magnet Grades 6-12
9
/10
Chatt High Center for Creative Arts
1301 Dallas Rd
Distance between this listing and this school3.90 miles
The neighbors living near this home have an average income of $64,063. Typical income of Signal Mountain, TN residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 204 Mathes Ln Unit 5, 6, 7 & 8
What is the listing price of this property?
The listing price of 204 Mathes Ln Unit 5, 6, 7 & 8 property is $600,000.
What type of property is this?
The property 204 Mathes Ln Unit 5, 6, 7 & 8 is land located in Signal Mountain, Tennessee, 37377.
Is this property for sale now?
Active Listing: 204 Mathes Ln Unit 5, 6, 7 & 8 is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 204 Mathes Ln Unit 5, 6, 7 & 8 is 5.42 acres.
Interested in 204 Mathes Ln Unit 5, 6, 7 & 8? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 204 Mathes Ln Unit 5, 6, 7 & 8 in Signal Mountain, TN and zip code 37377. This home sits on a 5.42 acre lot. It has been listed on Rocket Homes since March 09, 2023 and is currently priced at $600,000.
In November 2024 more than 5 listings in Signal Mountain, TN were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 7 were sold below. In November 2024 in Signal Mountain, TN there were 10% less homes for sale than in October 2024. Listings spent 31 days on the market in November 2024, and had a median list price of $693,750 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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®.
College Football
College Football
Skiing/snowboarding
PGA/LPGA
Express/Express For Men
BJs Wholesale Club
Stein Mart
Sonic
Panera
Bob Evans
Kia
Infiniti
Lincoln
New Country
Adult Hits
News/Talk/Information