4 months on rocket

503 Forest Ave, Chattanooga, TN, 37405

$2,650,000

4 Bedrooms
5 Full Baths
6,994 SqFt
$379/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingGarage Door Opener, Garage Faces Side
Garage2 spaces
Year Built2020
HeatingCentral, Natural Gas
CoolingCentral Air, Electric, Multi Unit(s)
BasementYes
FireplaceGas Log, Living Room
ViewCity, Mountain(s), Other
Private PoolYes
MLS #1395390
Lot Size0.46 Acres
StatusActive

About 503 Forest Ave

Welcome to LUXURY living on Chattanooga's North Shore. This stunning home is being offered with an additional building lot 63x103 (mls#1395386) and 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. Additional, adjacent, building LOT located at 505 Forest Avenue is included this listing price.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2020
  • Stories: 3
  • Living Area: 6,994 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
  • Fireplace: Gas Log, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: City, Mountain(s), Other
  • Exterior: Lighting, Fence, Porch/Covered, Deck, Patio, Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Garage Door Opener, Garage Faces Side

Lot Features

Lot Information:

  • 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: $379/SqFt

Tax Information:

  • Annual Amount: $3,499
  • Tax Year: 2020
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

$329.3K

Med. Price/SqFt

$199

Avg. Days On Market

35

# of Sold Homes

345

503 Forest Ave vs Chattanooga

127 DAYS ON ROCKET

+92 Days

$2,650,000

+$2.3M More

$379/SqFt

+$180 More

KEY TAKEAWAY

This property is $2.3M more than the Median Sold Price and $180/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: #1395390

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (423) 664-1900

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: 11/14/2024, 8:20:55 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

Feb 19, 2021Home Sold
$163,000
Jan 22, 2015Home Sold
$216,500
Apr 03, 2014Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,499$30,000
2019$829$30,000
2017$1,478$53,450

History based on county public records data.

Payment Calculator

$13.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,011

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-190079
5
/10
  • Chattanooga School for The Arts and Science Lower School

  • 865 E 3rd St

  • 1.30 miles

  • Public Magnet Grades KG-5

school-card-donut-190080
3
/10
  • Brown Academy

  • 718 E 8th St

  • 1.61 miles

  • Public Magnet Grades PK-5

school-card-donut-190081
4
/10
  • Battle Academy

  • 1601 Market St

  • 2.11 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,632. Residents of Chattanooga, TN typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically 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 6,994 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Forest Ave is 2020.
Rocket Homes logo

Interested in 503 Forest Ave? Let's connect.

Let Us Contact You

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.


Rocket HomesTennesseeHamilton CountyChattanooga37405503 Forest Ave

This home is located at 503 Forest Ave in Chattanooga, TN and zip code 37405 in the North Chattanooga / Hill City neighborhood. This 6,994 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.

While more than 54 listings in Chattanooga, TN in October 2024 were sold above asking price, there were more than 108 listings sold at asking price, and more than 181 were sold below. The number of listings in Chattanooga, TN decreased by 0.3% between September 2024 and October 2024. While the average time on the market in October 2024 was 35 days, the median list price was $329,348.

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

More Resources