2 months on rocket

7111 Bonny Oaks Dr, Chattanooga, TN, 37421

$185,000

Home List Price

$2,197*

Closing Credit

2 Bedrooms
2 Full Baths
1,500 SqFt
$123/SqFt
House

Location

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7111 Bonny Oaks Dr, Chattanooga$185,000

Buyer Closing Credits

$2,197*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAsphalt, Garage
Year Built1960
HeatingCentral
CoolingCentral Air
MLS #1501026
Lot Size0.34 Acres
StatusActive

About 7111 Bonny Oaks Dr

**Public Remarks:** Discover a fantastic opportunity in a prime Chattanooga location at 7111 Bonny Oaks Dr! This 2-bedroom, 2-bath home, offering approximately 1,500 square feet of living space, is brimming with potential. Whether you're a savvy investor or a homeowner ready to roll up your sleeves, this property is ripe for renovation and creativity. With a spacious layout and solid structure, it's easy to envision converting this home into a 3-bedroom, adding even more value and appeal. The neighborhood is ideal for those seeking convenience and accessibility, located just minutes from local amenities, shopping, and dining. Anyone will be excited by the after-repair value (ARV) potential, making this a perfect flip opportunity. With a little bit of work, this home could be transformed into a modern gem that turns a solid profit on resale, or simply builds significant equity for those looking to make it their own. The large lot and existing floor plan make the renovation process more straightforward, giving you ample space to expand and customize. It's not often that a fixer-upper with this much upside hits the market, especially in such a sought-after area of Chattanooga. Don't miss your chance to bring this hidden treasure back to life. Whether you're looking for an investment or a place to call home with room to grow, 7111 Bonny Oaks Dr is a fantastic canvas waiting for your vision!

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Living Area: 1,500 SqFt

Listing Office:

  • Office Name: Coldwell Banker Kinard Realty
  • Office Phone: (423) 476-5532

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Carpet, Ceramic Tile
  • Interior: Split Bedrooms

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: None, Privacy Fence

Parking Information:

  • Attached Garage: No
  • Parking: Asphalt, Garage

Lot Features

Lot Information:

  • Lot: Views
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Starting from downtown Chattanooga, head east on I-24 E. Take exit 185B to merge onto I-75 N toward Knoxville. After about 5 miles, take exit 7 for Bonny Oaks Dr toward Collegedale. Turn right onto Bonny Oaks Dr, and continue for about 1.5 miles. 7111 Bonny Oaks Dr will be on your right. Safe travels!

Price Information

Listing Price Info

Price Summary:

  • List Price: $185,000
  • Price Per SqFt: $123/SqFt

Tax Information:

  • Annual Amount: $538
  • 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

7111 Bonny Oaks Dr vs Chattanooga

76 DAYS ON ROCKET

+39 Days

$185,000

-$145K Less

$123/SqFt

-$78 Less

KEY TAKEAWAY

This property is $145K less than the Median Sold Price and $78/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: #1501026

Listing Office:

  • Office Name: Coldwell Banker Kinard Realty
  • Office Phone: (423) 476-5532

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: 12/17/2024, 11:51:07 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$538$16,925
2019$468$16,925
2017$468$16,925

History based on county public records data.

Payment Calculator

$991

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$621

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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-4341392
4
/10
  • Bess T. Shepherd Elementary School

  • 7126 Tyner Rd

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-4341393
4
/10
  • East Brainerd Elementary School

  • 3350 Brentwood Cove Dr

  • 2.76 miles

  • Public District Grades PK-5

school-card-donut-4341394
2
/10
  • Harrison Elementary School

  • 5637 Highway 58

  • 2.89 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,373. Most Chattanooga, TN residents have annual incomes less than $35k. Typical family type is 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 7111 Bonny Oaks Dr

What is the listing price of this property?

The listing price of 7111 Bonny Oaks Dr property is $185,000.

What type of property is this?

The property 7111 Bonny Oaks Dr is a house located in Chattanooga, Tennessee, 37421.

Is this property for sale now?

Active Listing: 7111 Bonny Oaks 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 $538 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7111 Bonny Oaks Dr has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 7111 Bonny Oaks Dr is 1,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7111 Bonny Oaks Dr is 1960.

Rocket HomesTennesseeHamilton CountyChattanooga374217111 Bonny Oaks Dr

This home is located at 7111 Bonny Oaks Dr in Chattanooga, TN and zip code 37421 in the Tyner / Greenwood neighborhood. This 1,500 square foot home, which was built in 1960, sits on a 0.34 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 02, 2024 and is currently priced at $185,000.

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. Between October 2024 and November 2024, Chattanooga, TN real estate market has seen decrease in the number of listings 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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