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Backup Offers

508 Molly Ln, Chattanooga, TN, 37402

$2,900,000

1.25 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
WaterfrontRiver Front
ViewWater
MLS #2440504
Lot Size1.25 Acres
StatusAccepting Backup Offers
(Under Contract - Showing)

About 508 Molly Ln

Cameron Harbor announces that 1.3 acres of the last remaining property downtown along the Tennessee River in the prestigious Cameron Harbor development is for sale. This property comes with ten (10) boat slips in the Cameron Harbor Marina and is designed for either an office building or high end condominiums. The views over the $1,000,000 + townhomes both upstream and downstream are amazing. An added benefit is that the River Walk meanders through the property along the banks of the river.

Property Details

Property Features

Listing Office:

  • Office Name: Real Estate Partners Chattanooga, LLC
  • Office Phone: (423) 667-5922
  • Listing Agent: Ryan May

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: River Front
  • View: Water

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Other, Cleared
  • Lot Size: 1.25 Acres

Other

Directions Information:

  • Directions: From W Main St, take Riverfront Pkwy. Turn Left onto Molly Lane, then Right onto Molly Lane, turn Left onto Latitude Circle, property on Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,900,000

Tax Information:

  • Annual Amount: $15,757
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$330K

Med. Price/SqFt

$200

Avg. Days On Market

37

# of Sold Homes

331

508 Molly Ln vs Chattanooga

820 DAYS ON ROCKET

+783 Days

$2,900,000

+$2.5M More

KEY TAKEAWAY

This property is $2.5M more than the Median Sold Price in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: REALTRAC
  • MLS Number: #2440504

Listing Office:

  • Office Name: Real Estate Partners Chattanooga, LLC
  • Office Phone: (423) 667-5922
  • Listing Agent: Ryan May

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:48:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$15,757$312,500
2019$8,641$312,500
2017$8,641$312,500

History based on county public records data.

Payment Calculator

$14.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,761

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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-4433345
4
/10
  • Battle Academy

  • 1601 Market St

  • 1.43 miles

  • Public Magnet Grades PK-5

school-card-donut-4433346
3
/10
  • Brown Academy

  • 718 E 8th St

  • 1.45 miles

  • Public Magnet Grades PK-5

school-card-donut-4433347
5
/10
  • Chattanooga School for The Arts and Science Lower School

  • 865 E 3rd St

  • 1.57 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $10,357. Typical income of Chattanooga, TN residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 Molly Ln

What is the listing price of this property?

The listing price of 508 Molly Ln property is $2,900,000.

What type of property is this?

The property 508 Molly Ln is land located in Chattanooga, Tennessee, 37402.

Is this property for sale now?

Accepting Backup Offers: 508 Molly Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $15,757 (source: MLS/based on county public records data).

How much acreage is this property?

The property 508 Molly Ln is 1.25 acres.
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Rocket HomesTennesseeHamilton CountyChattanooga37402508 Molly Ln

This home is located at 508 Molly Ln in Chattanooga, TN and zip code 37402 in the Downtown Chattanooga neighborhood. This home sits on a 1.25 acre lot. It has been listed on Rocket Homes since September 19, 2022 and is currently priced at $2,900,000.

Chattanooga, TN housing market in November 2024 saw over 47 listings sold above listed price, more than 89 sold at listed price and over 195 sold below. The inventory of homes for sale in Chattanooga, TN between October 2024 and November 2024 decreased 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.

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