Undeveloped 12.31 acres of Wooded rolling land. No deed restrictions. Lots of tall Hardwood trees. Good soil for septic system. All utilities at the road including high-speed one gig Internet from EPB. Its a little deceiving looking from the road but once you walk back on to the property it levels out and you find your self in a very peaceful and secluded area. The property is very convenient. Located to the Hamilton Place shopping area and to everything you need within a few minute drive.
Property Details
Property Features
Listing Office:
Office Name: homecoin.com
Office Phone: (888) 400-2513
Listing Agent: Jonathan Minerick
Exterior Features
Exterior Information:
Private Pool: No
View: Valley
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot: Other
Lot Size: 12.31 Acres
Other
Directions Information:
Directions: From I-75 North take exit 7A, right Jenkins Rd., go 1.1 mile then left on Standifer Gap Rd., Go 1.5 miles then turn right on Banks Rd., Propertyy located approximately 0.3 miles on right
Price Information
Listing Price Info
Price Summary:
List Price: $279,000
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 Chattanooga, TN.
This property is $51K less than the Median Sold Price in Chattanooga, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: REALTRAC
MLS Number: #2688530
Listing Office:
Office Name: homecoin.com
Office Phone: (888) 400-2513
Listing Agent: Jonathan Minerick
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 1:18:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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.
$1,460
Per Month
Principal & Interest
$1,393
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
$903
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
8
/10
Westview Elementary School
9629 E Brainerd Rd
Distance between this listing and this school2.05 miles
Public District Grades KG-5
4
/10
East Brainerd Elementary School
3350 Brentwood Cove Dr
Distance between this listing and this school2.13 miles
Public District Grades PK-5
4
/10
Bess T. Shepherd Elementary School
7126 Tyner Rd
Distance between this listing and this school2.89 miles
Public District Grades KG-5
Nearby Schools
3
/10
Tyner Middle Academy
6837 Tyner Rd
Distance between this listing and this school3.34 miles
Public Magnet Grades 6-8
6
/10
Ooltewah Middle School
5100 Ooltewah Ringgold Rd
Distance between this listing and this school3.44 miles
Public District Grades 6-8
7
/10
Chattanooga School for the Liberal Arts
6579 E Brainerd Rd
Distance between this listing and this school4.59 miles
Public Magnet Grades KG-8
Nearby Schools
7
/10
East Hamilton High School
2015 Ooltewah Ringgold Rd
Distance between this listing and this school1.82 miles
Public District Grades 9-12
4
/10
Tyner Academy
6836 Tyner Rd
Distance between this listing and this school3.30 miles
Public Magnet Grades 9-12
3
/10
Hamilton County Virtual School
3074 Hickory Valley Rd
Distance between this listing and this school3.91 miles
The neighbors living near this home have an average income of $87,852. Typical income of Chattanooga, TN residents is between $35k-100k annually. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3407 Banks Rd
What is the listing price of this property?
The listing price of 3407 Banks Rd property is $279,000.
What type of property is this?
The property 3407 Banks Rd is land located in Chattanooga, Tennessee, 37421.
Is this property for sale now?
Active Listing: 3407 Banks Rd is For Sale (Active/New) which means the seller is accepting offers.
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 3407 Banks Rd in Chattanooga, TN and zip code 37421 in the Westview / Mountain Shadows neighborhood. This home sits on a 12.31 acre lot. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $279,000.
In November 2024 more than 47 listings in Chattanooga, TN were sold above the asking price. During the same period more than 89 listings were sold at asking price, while more than 195 were sold below. The number of listings in Chattanooga, TN decreased by 6.9% between October 2024 and November 2024. The median list price of listings available in November 2024 was $330,018, while the average time on the real estate market was 37 days.
From Rocket Homes Real Estate and based on county public records data.