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Sale Pending

7116 Garfield Rd, Harrison, TN, 37341

$400,000

Home List Price

$4,750*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,404 SqFt
$285/SqFt
House

Location

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7116 Garfield Rd, Ooltewah$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage, Parking Lot
Garage2 spaces
Year Built1985
CoolingCentral Air
MLS #1503525
Lot Size7.90 Acres
StatusSale Pending
(Contingent)

About 7116 Garfield Rd

Fixer Upper on 7.9 Acres Near Harrison Bay - A Builder's Dream! This expansive 7.9-acre property offers endless possibilities for development, located less than one mile from the serene Harrison Bay. The existing home is a fixer-upper, presenting a unique opportunity for builders and developers to customize and create a space that fits their vision. The property also includes a detached 2-car garage and a manufactured home; however, caution is advised as the manufactured home might not be habitable. With ample storage or workspace options, the potential for this property is truly limitless. Situated in a prime location, this property combines tranquility with convenience, being close to local amenities while offering the space and privacy of nearly 8 acres. The land is ideal for residential development, with the potential for multiple new home sites or a small subdivision, making it perfect for builders looking to create a new community. The property is also situated within a short drive to Cambridge Square, adding to its convenience and appeal. The proximity to Harrison Bay enhances its desirability, making it a sought-after location for future homeowners. Seize this rare opportunity to own a prime piece of real estate in Harrison. With the flexibility to renovate the existing structures or start fresh with new construction, this property is a lucrative investment for any builder or developer. Contact us today to schedule a viewing and explore the potential of this incredible property.

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Living Area: 1,404 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (423) 664-1600

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Exterior: Storage

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Garage, Parking Lot

Lot Features

Lot Information:

  • Lot Size: 7.90 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: Ooltewah Hunter Road-Left on Garfield Road-Property is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000
  • Price Per SqFt: $285/SqFt

Tax Information:

  • Annual Amount: $1,002
  • Tax Year: 2020
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Housing Market Comparison

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

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Ooltewah, TN

City

Med. Sold Price

$467.8K

Med. Price/SqFt

$201

Avg. Days On Market

40

# of Sold Homes

96

7116 Garfield Rd vs Ooltewah

1 DAY ON ROCKET

-39 Days

$400,000

-$67.8K Less

$285/SqFt

+$83 More

KEY TAKEAWAY

This property is $67.8K less than the Median Sold Price and $83/SqFt more than other homes in Ooltewah, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Chattanooga REALTORS®
  • MLS Number: #1503525

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (423) 664-1600

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: 11/20/2024, 11:50:55 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$1,002$35,900
2019$1,001$35,900
2017$1,002$35,900

History based on county public records data.

Payment Calculator

$2,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

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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-178889
8
/10

  • Wallace A. Smith Elementary School

  • 6930 Hunter Rd

  • 1.29 miles

  • Public District Grades PK-5

school-card-donut-178890
2
/10

  • Harrison Elementary School

  • 5637 Highway 58

  • 1.64 miles

  • Public District Grades PK-5

school-card-donut-178891
4
/10

  • Bess T. Shepherd Elementary School

  • 7126 Tyner Rd

  • 4.49 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,534. Most Ooltewah, TN residents have annual incomes between $35k-100k. The most common type of family is married, with kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7116 Garfield Rd

What is the listing price of this property?

The listing price of 7116 Garfield Rd property is $400,000.

What type of property is this?

The property 7116 Garfield Rd is a house located in Harrison, Tennessee, 37341.

Is this property for sale now?

Sale Pending: 7116 Garfield Rd is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,002 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7116 Garfield Rd has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 7116 Garfield Rd is 1,404 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7116 Garfield Rd is 1985.

Rocket Homes›Tennessee›Hamilton County›Ooltewah›37341›7116 Garfield Rd

This home is located at 7116 Garfield Rd in Harrison, TN and zip code 37341 in the Ooltewah / Summit neighborhood. This 1,404 square foot home, which was built in 1985, sits on a 7.90 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $400,000.

While more than 13 listings in Ooltewah, TN in October 2024 were sold above asking price, there were more than 26 listings sold at asking price, and more than 57 were sold below. In October 2024 in Ooltewah, TN there were 0.7% less homes for sale than in September 2024. In October 2024 median list price was $467,826 and the average listing age was 40 days.

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

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