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501 Reads Lake Rd, Chattanooga, TN, 37415

$349,900

Home List Price

$4,155*

Closing Credit

4 Bedrooms
2 Full Baths
1,724 SqFt
$203/SqFt
House

Location

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501 Reads Lake Rd, Chattanooga$349,900

Buyer Closing Credits

$4,155*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel, Off Street
Year Built1927
HeatingElectric
CoolingElectric
ViewMountain(s)
MLS #1500668
Lot Size1.16 Acres
StatusActive

About 501 Reads Lake Rd

''A Private Oasis with Stunning Mountain Views - Your Retreat at Read's Lake'' Set on over an acre of land—including a rare extra lot—this Read's Lake property offers the kind of privacy and space that's nearly impossible to find in Red Bank. Whether you're hosting outdoor gatherings or savoring peaceful evenings at home, the expansive yard provides endless possibilities. And for the perfect finishing touch, enjoy unforgettable moments on your massive rooftop deck with breathtaking mountain views, ideal for relaxing under the stars. Inside, the home is designed with both style and function in mind. The open-concept kitchen boasts elegant Honed Black Stone countertops, stainless steel appliances, and a versatile bar top—perfect for family breakfasts or entertaining guests. A spacious walk-in pantry adds practical storage to this beautiful, welcoming space. Retreat to your private master suite, where a luxurious walk-in shower offers a daily escape. Every corner of the home has been carefully updated, with brand-new HVAC, plumbing, and electrical systems, plus a newly paved road and city sewer connection—all ensuring a stress-free move-in experience. With four bedrooms and two bathrooms, this home provides plenty of room to live and grow. The U-shaped driveway and ample off-street parking add convenience, making life here easy and enjoyable. This is more than just a house—it's a retreat with space, privacy, and views you won't find anywhere else. Schedule your showing today and discover why Read's Lake is truly one-of-a-kind. *Agent has personal interest in the property.

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Living Area: 1,724 SqFt

Listing Office:

  • Office Name: Working Moms Realty LLC
  • Office Phone: (423) 826-9093

Interior Features

Interior Information:

  • Appliances: Electric Range, Dishwasher
  • Basement: No
  • Flooring Type: Luxury Vinyl
  • Interior: Separate Shower, Tub/shower Combo

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Other, Deck, See Remarks

Parking Information:

  • Attached Garage: No
  • Parking: Gravel, Off Street

Lot Features

Lot Information:

  • Lot: Open Lot, Rectangular Lot, Views
  • Lot Size: 1.16 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

Other

Directions Information:

  • Directions: From US-27 N, take the Morrison Springs Rd exit towards Red Bank. Turn right onto Morrison Springs Road. Turn left onto McCahill Rd. Slight left onto Reads Lake Rd. In 0.3 miles, arrive at 501 Reads Lake Road on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $349,900
  • Price Per SqFt: $203/SqFt

Tax Information:

  • Annual Amount: $838
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Chattanooga, TN.

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Chattanooga, TN

City

Med. Sold Price

$329.3K

Med. Price/SqFt

$199

Avg. Days On Market

35

# of Sold Homes

345

501 Reads Lake Rd vs Chattanooga

57 DAYS ON ROCKET

+22 Days

$349,900

+$20.5K More

$203/SqFt

+$4 More

KEY TAKEAWAY

This property is $20.5K more than the Median Sold Price and $4/SqFt more than other homes in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Chattanooga REALTORS®
  • MLS Number: #1500668

Listing Office:

  • Office Name: Working Moms Realty LLC
  • Office Phone: (423) 826-9093

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: 11/21/2024, 10:20:56 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

Apr 26, 2019Home Sold
$49,900

Tax History

YEARPROP. TAXASSESSMENT
2020$838$14,575
2019$833$14,575
2017$803$14,575

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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.

Nearby Schools

school-card-donut-442954
6
/10

  • Alpine Crest Elementary School

  • 4700 Stagg Rd

  • 1.37 miles

  • Public District Grades KG-5

school-card-donut-442955
4
/10

  • Red Bank Elementary School

  • 1100 Mountain Creek Rd

  • 1.87 miles

  • Public District Grades PK-5

school-card-donut-442956
5
/10

  • Rivermont Elementary School

  • 3330 Hixson Pike

  • 2.16 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,742. Most Chattanooga, TN residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 Reads Lake Rd

What is the listing price of this property?

The listing price of 501 Reads Lake Rd property is $349,900.

What type of property is this?

The property 501 Reads Lake Rd is a house located in Chattanooga, Tennessee, 37415.

Is this property for sale now?

Active Listing: 501 Reads Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $838 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 26, 2019 for $49,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 501 Reads Lake Rd has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 501 Reads Lake Rd is 1,724 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 Reads Lake Rd is 1927.

Rocket Homes›Tennessee›Hamilton County›Chattanooga›37415›501 Reads Lake Rd

This home is located at 501 Reads Lake Rd in Chattanooga, TN and zip code 37415 in the Mountain Creek / Moccasin Bend neighborhood. This 1,724 square foot home, which was built in 1927, sits on a 1.16 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $349,900.

In October 2024, from all listings sold in Chattanooga, TN there were more than 54 sold above asking price, over 181 sold below and more than 108 were sold right at the asked price. The number of homes for sale in Chattanooga, TN decreased by 0.3% between September 2024 and October 2024. The median list price of listings available in October 2024 was $329,348, while the average time on the real estate market was 35 days.

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

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