Welcome to LUXURY living on Chattanooga's North Shore. This stunning home combines the best of design & lifestyle all within a short stroll to dining, shopping, the TN River, and Coolidge Park. This designer home features a third-floor wet bar, two bedrooms including the primary suite on the main level, and a terrace level in-law suite featuring a well-appointed kitchen. Enjoy your morning coffee and evening cocktail while taking in majestic view from one of your expansive patios. Views of Lookout Mountain make this home quintessential Chattanooga living. Entertaining family and guests at your resort-inspired pool is sure to create life-long memories for all. All though this home was built in 2020, the current owner/designer put their thoughtful touch on this already well-constructed home, giving it the elegance and design, it deserved. NEW FEATURES include Wide plank, White Oak flooring throughout, interior and exterior paint, Custom wood shutters throughout, the addition of a wine chiller, washer dryer for both laundry rooms, and newly tiled porches.
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 2020
Stories: 3
Living Area: 5,768 SqFt
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (423) 664-1900
Interior Features
Interior Information:
Appliances: Oven, Washer, Tankless Water Heater, Refrigerator, Microwave, Gas Range, Double Oven, Dishwasher
Basement: Yes
Flooring Type: Hardwood, Tile
Interior: Double Vanity, En Suite, Entrance Foyer, Granite Counters, High Ceilings, In-Law Floorplan, Open Floorplan, Pantry, Primary Downstairs, Separate Shower, Soaking Tub, Sound System, Split Bedrooms, Tub/shower Combo, Walk-In Closet(s), Wet Bar
Lot: Gentle Sloping, Split Possible, Sprinklers In Front, Sprinklers In Rear
Lot Size: 0.46 Acres
Utilities
Utilities Information:
Heating: Central, Natural Gas
Cooling: Central Air, Electric, Multi Unit(s)
Other
Directions Information:
Directions: 27N to Manufacturers Road. Right on Manufacturers Road. Right on Cherokee Blvd / Fraizer Avenue. Left at 2nd traffic light = Forest Avenue. Home is on the left. Sign in Yard.
Price Information
Listing Price Info
Price Summary:
List Price: $2,650,000
Price Per SqFt: $459/SqFt
Tax Information:
Annual Amount: $3,499
Tax Year: 2020
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13.2K
Per Month
Principal & Interest
$13.2K
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
$8,011
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
5
/10
Chattanooga School for The Arts and Science Lower School
865 E 3rd St
Distance between this listing and this school1.30 miles
Public Magnet Grades KG-5
3
/10
Brown Academy
718 E 8th St
Distance between this listing and this school1.61 miles
Public Magnet Grades PK-5
4
/10
Battle Academy
1601 Market St
Distance between this listing and this school2.11 miles
Public Magnet Grades PK-5
Nearby Schools
6
/10
Normal Park Museum Magnet School
1219 W Mississippi Ave
Distance between this listing and this school0.75 miles
Public Magnet Grades PK-8
4
/10
Orchard Knob Middle School
500 N Highland Park Ave
Distance between this listing and this school2.26 miles
Public District Grades 6-8
5
/10
Chattanooga Preparatory School
1849 Union Ave
Distance between this listing and this school2.86 miles
Public Charter Grades 6-8
Nearby Schools
9
/10
Chatt High Center for Creative Arts
1301 Dallas Rd
Distance between this listing and this school0.91 miles
Public Magnet Grades 6-12
7
/10
Chattanooga School for The Arts and Science Upper School
865 E 3rd St
Distance between this listing and this school1.30 miles
Public District Grades 6-12
2
/10
The Howard School
2500 Market St
Distance between this listing and this school2.78 miles
The neighbors living near this home have an average income of $45,632. The majority of Chattanooga, TN residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 503 Forest Ave
What is the listing price of this property?
The listing price of 503 Forest Ave property is $2,650,000.
What type of property is this?
The property 503 Forest Ave is a house located in Chattanooga, Tennessee, 37405.
Is this property for sale now?
Active Listing: 503 Forest Ave 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 $3,499 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 19, 2021 for $163,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 503 Forest Ave has 4 bedrooms and 5 bathrooms.
What is the square footage of this property?
The property 503 Forest Ave is 5,768 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 503 Forest Ave is 2020.
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 503 Forest Ave in Chattanooga, TN and zip code 37405 in the North Chattanooga / Hill City neighborhood. This 5,768 square foot home, which was built in 2020, sits on a 0.46 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $2,650,000.
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. Between October 2024 and November 2024, Chattanooga, TN real estate market has seen decrease in the number of listings by 6.9%. In November 2024 median list price was $330,018 and the average listing age was 37 days.
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®.
NBA/WNBA
NBA/WNBA
Mexican League Soccer
Symphony or Opera
New York & Company
Books-a-Million
Chico's
Qdoba
Church's Chicken
Boston Market
Infiniti
Toyota
Volvo
Active Rock
Adult Hits
Talk/Personality