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5922 Rainbow Springs Dr, Chattanooga, TN, 37416

$460,000

Home List Price

$5,463*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,575 SqFt
$179/SqFt
Townhouse

Location

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5922 Rainbow Springs Dr, Chattanooga$460,000

Buyer Closing Credits

$5,463*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeTownhouse
ParkingDriveway, Garage, Garage Faces Front, Off Street
Attached Garage2 spaces
Year Built1993
CoolingCentral Air, Electric
BasementYes
FireplaceFamily Room, Gas Log
ViewMountain(s)
MLS #1502969
Lot Size0.16 Acres
StatusActive

About 5922 Rainbow Springs Dr

Welcome to 5922 Rainbow Springs Dr, a charming retreat perfect for relaxation or your next adventure. The highlight of this spacious 3-bedroom, 2.5-bath townhome is its vaulted ceilings adorned with wooden beams in the living room, which effortlessly creates a warm, inviting atmosphere perfect for gatherings, unwinding by the fireplace, or enjoying the natural light and scenic view. Eager to please, this townhome's layout has everything you need on a daily basis available on the main floor and an additional two bedrooms, full bathroom, and a bonus room,complete with a wet bar, available in the basement. The townhome also offers abundant storage options helping to ensure everything has its place. Complete with new paint, a new roof, new LVP flooring throughout the basement, and more, this townhome has been well prepared for its next owners. Come see it for yourself!

Property Details

Property Features

Property Information:

  • Year Built: 1993
  • Stories: 2
  • Living Area: 2,575 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 519-5113

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Luxury Vinyl, Tile, Vinyl
  • Fireplace: Family Room, Gas Log

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Smart Camera(s)/Recording, Porch/Covered, Deck, Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Driveway, Garage, Garage Faces Front, Off Street

Lot Features

Lot Information:

  • Lot: Sloped, Views
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: North on Highway 58, Left on Hickory Valley Road. At yield sign, merge Right onto Harrison Pike, turn Left onto Vincent Road. Turn Right on River Run Drive into Eagle Bluff Subdivision, then Right on Rainbow Springs Drive. Unit is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $460,000
  • Price Per SqFt: $179/SqFt

HOA Fees:

  • Amount: $250
  • Frequency: Annually

Tax Information:

  • Annual Amount: $1,958
  • Tax Year: 2020
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Housing Market Comparison

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

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Chattanooga, TN

City

Med. Sold Price

$330K

Med. Price/SqFt

$200

Avg. Days On Market

37

# of Sold Homes

331

5922 Rainbow Springs Dr vs Chattanooga

43 DAYS ON ROCKET

+6 Days

$460,000

+$129.9K More

$179/SqFt

-$22 Less

KEY TAKEAWAY

This property is $129.9K more than the Median Sold Price and $22/SqFt less 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: #1502969

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 519-5113

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: 12/22/2024, 7:21:08 AM 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$1,958$70,825
2019$1,967$70,825
2017$1,967$70,825

History based on county public records data.

Payment Calculator

$2,383

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,446

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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-917125
2
/10

  • Harrison Elementary School

  • 5637 Highway 58

  • 2.20 miles

  • Public District Grades PK-5

school-card-donut-917126
7
/10

  • Big Ridge Elementary School

  • 5210 Cassandra Smith Rd

  • 3.36 miles

  • Public District Grades KG-5

school-card-donut-917127
8
/10

  • Wallace A. Smith Elementary School

  • 6930 Hunter Rd

  • 3.70 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $94,929. Most Chattanooga, TN residents have annual incomes between $35k-100k. Most 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 5922 Rainbow Springs Dr

What is the listing price of this property?

The listing price of 5922 Rainbow Springs Dr property is $460,000.

What type of property is this?

The property 5922 Rainbow Springs Dr is a townhouse located in Chattanooga, Tennessee, 37416.

Is this property for sale now?

Active Listing: 5922 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 $1,958 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5922 Rainbow Springs Dr has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 5922 Rainbow Springs Dr is 2,575 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5922 Rainbow Springs Dr is 1993.

Rocket Homes›Tennessee›Hamilton County›Chattanooga›37416›5922 Rainbow Springs Dr

This home is located at 5922 Rainbow Springs Dr in Chattanooga, TN and zip code 37416 in the Harrison neighborhood. This 2,575 square foot home, which was built in 1993, sits on a 0.16 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $460,000.

In November 2024, from all listings sold in Chattanooga, TN there were more than 47 sold above asking price, over 195 sold below and more than 89 were sold right at the asked price. The inventory of homes for sale in Chattanooga, TN between October 2024 and November 2024 decreased by 6.9%. While the average time on the market in November 2024 was 37 days, the median list price was $330,018.

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

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