10 days on rocket

5811 Rainbow Springs Dr, Chattanooga, TN, 37416

$775,000

Home List Price

$9,203*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
3,781 SqFt
$205/SqFt
House

Location

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5811 Rainbow Springs Dr, Chattanooga$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level
Attached Garage2 spaces
Year Built1988
HeatingCentral, Natural Gas
CoolingCeiling Fan(s), Central Air, Electric, Multi Unit(s)
WaterfrontPond
FireplaceBedroom, Gas Log, Great Room
ViewPond
MLS #1504216
Lot Size1.00 Acres
StatusActive

About 5811 Rainbow Springs Dr

This beautiful and stately home on the nicest lot on the Eagle Bluff Golf Course could be yours! Surrounded by beautiful greens and backing up to a stocked pond, this home boasts almost 4000 square feet of beauty. This home is designed for entertaining and relaxing, both inside and out. A wrap-around covered deck gives you a superb view of the ridges nearby, the wildlife and the adjoining 9th tee which makes this this yard feel twice as big as other lots in the neighborhood. There is easy entry from the circular driveway into a dramatic foyer & front staircase. Relax in the custom library while large windows capture the natural light around you. Make a drink in the custom wet bar and warm by the massive fireplace in the sunken great room, with a beautiful plank ceiling that also spans the entire rear of the home, or cook up a feast in the vast kitchen, which is the centerpiece of the home. Upstairs, enjoy the elegance of a superb master bedroom, large yet still cozy with a fireplace and bookshelves. The master bath offers a large free-standing tub, which is uniquely situated to take advantage of several views. Dual sinks, large open spaces and multiple closets complete the master ensemble. All bedrooms and bathrooms are larger than average, for a true custom-home feel. One of the bedrooms serves perfectly as a large In-Law/Guest/Teen-Ager Suite or Bonus/Rec Room with its own bathroom. There is a large 2-car garage and ample overflow parking as well as an entrance from the garage (past the mudroom) straight into the kitchen. Mature landscaping compliments the low-maintenance exterior. The shrubs and plant beds are designed to minimize trimming, freeing up your time to enjoy the home. Extra storage (dry and lockable) was added underneath the deck to maximize the garage space. At night, the landscape lighting highlights this home or enjoy the warm glow of the lights from the homes across the ridge. New HVAC systems installed in 2023 with transferable warranty, new gutters and guards, new dishwasher, roof is 5 years old! Whether inside or out, the views and surroundings of this home are what makes it unique. Beautiful hardwoods, granite throughout, vaulted ceilings, crown moldings, spacious rooms, high baseboards, custom lighting and more make this home a must see! Lake/Water Access and Public Boat Ramps Close By! Community-Wide High-Tech Video Security Surveillance at Neighborhood Entrance! Schedule your viewing today to see the best home in this prestigious neighborhood! (Chandelier in the dining room does NOT convey. Seller will replace prior to closing.)

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1988
  • Stories: 2
  • Living Area: 3,781 SqFt

Listing Office:

  • Office Name: LPT Realty LLC
  • Office Phone: (877) 366-2213

Interior Features

Interior Information:

  • Appliances: Washer, Trash Compactor, Refrigerator, Microwave, Gas Water Heater, Freezer, Electric Cooktop, Dryer, Double Oven, Disposal, Dishwasher
  • Basement: No
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Laminate, Slate
  • Interior: Bookcases, Breakfast Room, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Chandelier, Crown Molding, Double Closets, Double Vanity, En Suite, Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Pantry, Recessed Lighting, Separate Dining Room, Separate Shower, Sitting Area, Soaking Tub, Storage, Tub/shower Combo, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
  • Fireplace: Bedroom, Gas Log, Great Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Pond
  • View: Pond
  • Exterior: Dog Run, Lighting, Gutters, None, Porch/Covered, Deck, Porch, Wrap Around Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side, Kitchen Level

Lot Features

Lot Information:

  • Lot: Gentle Sloping, Level, Sprinklers In Front, See Remarks
  • Lot Size: 1.00 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Electric, Multi Unit(s)

Other

Directions Information:

  • Directions: Hwy 58 - N. Turn left on N. Hickory Valley Road. Right on Harrison Pike. Left on Vincent Rd. Turn right on River Run Drive (into Eagle Bluff). Right on Rainbow Springs. House is on the left. SOP. (HOA does not allow directional signs in the neighborhood.)

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000
  • Price Per SqFt: $205/SqFt

HOA Fees:

  • Amount: $250
  • Frequency: Annually

Tax Information:

  • Annual Amount: $2,585
  • 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

5811 Rainbow Springs Dr vs Chattanooga

10 DAYS ON ROCKET

-27 Days

$775,000

+$444.9K More

$205/SqFt

+$4 More

KEY TAKEAWAY

This property is $444.9K more than the Median Sold Price and $4/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: #1504216

Listing Office:

  • Office Name: LPT Realty LLC
  • Office Phone: (877) 366-2213

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: 12/18/2024, 10:21:11 AM 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 24, 2021Home Sold
$519,000
Oct 29, 2018Home Sold
$430,000
Apr 06, 2017Home Sold
$367,000
Jan 31, 2011Home Sold
$352,000
May 21, 1997Home Sold
$221,500
Aug 12, 1996Home Sold
$221,500
Feb 28, 1992Home Sold
$221,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,585$93,150
2019$2,584$93,150
2017$2,585$93,150

History based on county public records data.

Payment Calculator

$3,955

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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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-4498979
2
/10
  • Harrison Elementary School

  • 5637 Highway 58

  • 2.30 miles

  • Public District Grades PK-5

school-card-donut-4498980
7
/10
  • Big Ridge Elementary School

  • 5210 Cassandra Smith Rd

  • 3.19 miles

  • Public District Grades KG-5

school-card-donut-4498981
8
/10
  • Wallace A. Smith Elementary School

  • 6930 Hunter Rd

  • 3.88 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $94,929. The most common annual income of people living in Chattanooga, TN is between $35k-100k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5811 Rainbow Springs Dr

What is the listing price of this property?

The listing price of 5811 Rainbow Springs Dr property is $775,000.

What type of property is this?

The property 5811 Rainbow Springs Dr is a house located in Chattanooga, Tennessee, 37416.

Is this property for sale now?

Active Listing: 5811 Rainbow Springs Dr 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 $2,585 (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 24, 2021 for $519,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5811 Rainbow Springs Dr has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 5811 Rainbow Springs Dr is 3,781 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5811 Rainbow Springs Dr is 1988.

Rocket HomesTennesseeHamilton CountyChattanooga374165811 Rainbow Springs Dr

This home is located at 5811 Rainbow Springs Dr in Chattanooga, TN and zip code 37416 in the Harrison neighborhood. This 3,781 square foot home, which was built in 1988, sits on a 1.00 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 08, 2024 and is currently priced at $775,000.

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 number of listings in Chattanooga, TN decreased by 6.9% between October 2024 and November 2024. In November 2024, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $330,018.

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

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