10 days on rocket

502 Shannon Ave, Chattanooga, TN, 37411

$415,000

Home List Price

$4,928*

Closing Credit

4 Bedrooms
3 Full Baths
2,225 SqFt
$187/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

502 Shannon Ave, Chattanooga$415,000

Buyer Closing Credits

$4,928*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Garage, Off Street
Attached Garage1 space
Year BuiltNew Const., 2024
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #1504824
Lot Size0.34 Acres
StatusActive

About 502 Shannon Ave

Welcome home to this thoughtfully designed 3-bedroom, 2-bath main house paired with a versatile 1-bedroom, 1-bath ADU (Accessory Dwelling Unit) in the backyard, offering endless opportunities for investors, extended families, or those looking for income potential. Nestled in a convenient Brainerd location near Shallowford Road and North Germantown Road, this property delivers modern comfort with a prime central setting. Enjoy the ease of one-level living in the main home, where handsome 7'' wide engineered luxury floors in the Titan Heritage Birch finish add warmth and sophistication throughout. The open-concept floor plan features a spacious living area, perfect for gathering, and a generous dining space that can easily accommodate a large table for hosting family and friends. The kitchen boasts stainless steel appliances, sleek granite countertops, and a large island with bar seating—ideal for both cooking and entertaining. A convenient laundry closet on the main level simplifies daily tasks. The primary suite is a true retreat, offering ample space, an en suite bathroom with a double vanity, a tub/shower combo with a tiled surround, and a walk-in closet complete with built-in shelving for all your storage needs. The additional bedrooms also include walk-in closets with built-in shelving, providing ample storage and organization for everyone. The shared bathroom features a double vanity and a tub/shower combo beautifully accented with a tile surround. For added convenience, there's a garage located below, offering extra storage and parking options. The brand-new ADU in the backyard provides flexibility and potential. With a comfortable living area, a fully equipped kitchen, and a cozy bedroom and bathroom, it's perfect as a guest house, in-law suite, or income-producing rental space. Situated just 15 minutes from downtown Chattanooga or Hamilton Place, this property ensures easy access to shopping, dining, and Brainerd amenities, combining convenience and charm. Whether you're an investor, multi-generational family, or a homeowner seeking extra income, this is the opportunity you've been waiting for. Schedule your showing today! Local lenders are preferred.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Stories: 1
  • Living Area: 2,225 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator, Electric Range, Dishwasher
  • Basement: No
  • Flooring Type: Luxury Vinyl, Tile
  • Interior: Double Vanity, Open Floorplan, Tub/shower Combo, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Gutters, Porch/Covered

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Concrete, Garage, Off Street

Lot Features

Lot Information:

  • Lot: Sloped
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From downtown, head over Missionary Ridge via Shallowford Road. Turn right on Gillespie Road, turn right on Shannon Ave. The home will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $415,000
  • Price Per SqFt: $187/SqFt
House and calculator

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.

Med. Sold Price

$329.8K

Med. Price/SqFt

$200

Avg. Days On Market

40

# of Sold Homes

364

502 Shannon Ave vs Chattanooga

10 DAYS ON ROCKET

-30 Days

$415,000

+$85.1K More

$187/SqFt

-$14 Less

KEY TAKEAWAY

This property is $85.1K more than the Median Sold Price and $14/SqFt less 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: #1504824

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© 2025 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: 1/2/2025, 11:51:08 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

$2,139

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,311

Powered By

Rocket Mortgage

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.

Nearby Schools

school-card-donut-34950
4
/10
  • Woodmore Elementary School

  • 800 Woodmore Ln

  • 0.81 miles

  • Public District Grades PK-5

school-card-donut-34951
3
/10
  • Barger Academy

  • 4808 Brainerd Rd

  • 1.62 miles

  • Public Magnet Grades KG-5

school-card-donut-34952
2
/10
  • Orchard Knob Elementary School

  • 400 N Orchard Knob Ave

  • 1.75 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,511. Most Chattanooga, TN residents have annual incomes less than $35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 Shannon Ave

What is the listing price of this property?

The listing price of 502 Shannon Ave property is $415,000.

What type of property is this?

The property 502 Shannon Ave is a house located in Chattanooga, Tennessee, 37411.

Is this property for sale now?

Active Listing: 502 Shannon Ave is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 502 Shannon Ave has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 502 Shannon Ave is 2,225 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 Shannon Ave is 2024.

Rocket HomesTennesseeHamilton CountyChattanooga37411502 Shannon Ave

This home is located at 502 Shannon Ave in Chattanooga, TN and zip code 37411 in the Woodmore / Dalewood neighborhood. This 2,225 square foot home, which was built in 2024, sits on a 0.34 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 23, 2024 and is currently priced at $415,000.

In December 2024, from all listings sold in Chattanooga, TN there were more than 47 sold above asking price, over 216 sold below and more than 100 were sold right at the asked price. The number of homes for sale in Chattanooga, TN decreased by 8.3% between November 2024 and December 2024. While the average time on the market in December 2024 was 40 days, the median list price was $329,879.

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

More Resources