4 months on rocket

505 Forest Ave, Chattanooga, TN, 37405

$495,000

0.29 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
ViewOther
MLS #1395386
Lot Size0.29 Acres
StatusActive

About 505 Forest Ave

Build your DREAM HOME in the beautiful North Shore community! A short stroll to dining, parks, shopping, and a short drive to downtown Chattanooga, museums, and hospitals. Your dream home could feature views of Lookout Mountain along with breathtaking sunsets. This LOT is offered as an individual sale for $495,000 OR combined with 503 Forest Ave.

Property Details

Property Features

Listing Office:

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

Exterior Features

Exterior Information:

  • View: Other

Lot Features

Lot Information:

  • Lot: Cleared, Level, Pie Shaped Lot, Rectangular Lot, Sloped, Split Possible
  • Lot Size: 0.29 Acres

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. Lot is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $495,000

Tax Information:

  • Annual Amount: $1,509
  • Tax Year: 2020
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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

505 Forest Ave vs Chattanooga

127 DAYS ON ROCKET

+92 Days

$495,000

+$165.6K More

KEY TAKEAWAY

This property is $165.6K more than the Median Sold Price in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Chattanooga REALTORS®
  • MLS Number: #1395386

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, 11:20:55 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

Mar 05, 2019Home Sold
$265,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,509$59,600
2019$1,648$59,600
2017$1,648$59,600

History based on county public records data.

Payment Calculator

$2,538

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,551

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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-210000
5
/10
  • Chattanooga School for The Arts and Science Lower School

  • 865 E 3rd St

  • 1.31 miles

  • Public Magnet Grades KG-5

school-card-donut-210001
3
/10
  • Brown Academy

  • 718 E 8th St

  • 1.63 miles

  • Public Magnet Grades PK-5

school-card-donut-210002
4
/10
  • Battle Academy

  • 1601 Market St

  • 2.12 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. 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 505 Forest Ave

What is the listing price of this property?

The listing price of 505 Forest Ave property is $495,000.

What type of property is this?

The property 505 Forest Ave is land located in Chattanooga, Tennessee, 37405.

Is this property for sale now?

Active Listing: 505 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 $1,509 (source: MLS/based on county public records data).

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

The last sale was on March 5, 2019 for $265,000. (source: MLS/tax record).

How much acreage is this property?

The property 505 Forest Ave is 0.29 acres.
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Rocket HomesTennesseeHamilton CountyChattanooga37405505 Forest Ave

This home is located at 505 Forest Ave in Chattanooga, TN and zip code 37405 in the North Chattanooga / Hill City neighborhood. This home sits on a 0.29 acre lot. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $495,000.

In October 2024 more than 54 listings in Chattanooga, TN were sold above the asking price. During the same period more than 108 listings were sold at asking price, while more than 181 were sold below. The number of homes for sale in Chattanooga, TN decreased by 0.3% between September 2024 and October 2024. In October 2024 median list price was $329,348 and the average listing age was 35 days.

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

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