Welcome to your dream lakefront lifestyle at this exceptional lot in the heart of an exclusive neighborhood! Positioned as the last available lakefront lot within the community, this prime piece of real estate is eagerly awaiting the construction of your perfect lakefront home. Situated adjacent to the community lot, convenience meets luxury with direct access to a boat ramp and a boat dock equipped with covered slips. Imagine the ease of launching your boat for a day on the water or enjoying a serene sunset cruise right from your doorstep. As you envision your future home, take in the breathtaking views that stretch across the tranquil waters, offering a picturesque backdrop that changes with the seasons. Privacy is assured with strategically planted trees that not only enhance seclusion but also add to the natural beauty of the surroundings. Located in a coveted neighborhood known for its upscale homes and community spirit, this lot promises not only a peaceful retreat but also the opportunity to become part of a vibrant lakefront community. Don't miss out on this rare chance to build your lakefront oasis. Contact us today to schedule a visit and begin planning your future in this unparalleled setting. Your lakefront paradise awaits!
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty
Office Phone: (423) 664-1800
Exterior Features
Exterior Information:
Waterfront: Marina in Community
View: Other
Exterior: Boat Slip, Boat Dock
Lot Features
Lot Information:
Lot: Level, Rectangular Lot, Other, Cleared
Lot Size: 0.83 Acres
Other
Directions Information:
Directions: From I-75 S, take Exit 4 for TN-153 N. Take Exit 5A to merge onto TN-58 N. Left onto N Hickory Valley Rd. Right onto Harrison Pike. Right onto Lakeshore Dr. The site for your dream lake home will be on the Right.
Price Information
Listing Price Info
Price Summary:
List Price: $525,000
HOA Fees:
Amount: $400
Frequency: Annually
Tax Information:
Annual Amount: $1,901
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Chattanooga, TN.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,721
Per Month
Principal & Interest
$2,621
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$33
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,640
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Harrison Elementary School
5637 Highway 58
Distance between this listing and this school1.72 miles
Public District Grades PK-5
8
/10
Wallace A. Smith Elementary School
6930 Hunter Rd
Distance between this listing and this school3.17 miles
Public District Grades PK-5
7
/10
Big Ridge Elementary School
5210 Cassandra Smith Rd
Distance between this listing and this school3.76 miles
Public District Grades KG-5
Nearby Schools
4
/10
Brown Middle School
5716 Highway 58
Distance between this listing and this school1.57 miles
Public District Grades 6-8
8
/10
Hunter Middle School
6810 Teal Ln
Distance between this listing and this school3.23 miles
Public District Grades 6-8
7
/10
Loftis Middle School
8611 Columbus Rd
Distance between this listing and this school4.44 miles
Public District Grades 6-8
Nearby Schools
4
/10
Central High School
5728 Highway 58
Distance between this listing and this school1.61 miles
Public District Grades 9-12
3
/10
Hamilton County Virtual School
3074 Hickory Valley Rd
Distance between this listing and this school4.08 miles
Public District Grades KG-12
5
/10
Hixson High School
5705 Middle Valley Rd
Distance between this listing and this school4.67 miles
The neighbors living near this home have an average income of $94,929. Residents of Chattanooga, TN typically earn between $35k-100k each year. The most common type of family is 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 7241 Lakeshore Dr
What is the listing price of this property?
The listing price of 7241 Lakeshore Dr property is $525,000.
What type of property is this?
The property 7241 Lakeshore Dr is land located in Chattanooga, Tennessee, 37416.
Is this property for sale now?
Active Listing: 7241 Lakeshore 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 $1,901 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7241 Lakeshore Dr in Chattanooga, TN and zip code 37416 in the Harrison neighborhood. This home sits on a 0.83 acre lot. It has been listed on Rocket Homes since July 02, 2024 and is currently priced at $525,000.
In October 2024, from all listings sold in Chattanooga, TN there were more than 54 sold above asking price, over 181 sold below and more than 108 were sold right at the asked price. The inventory of homes for sale in Chattanooga, TN between September 2024 and October 2024 decreased by 0.3%. While the average time on the market in October 2024 was 35 days, the median list price was $329,348.
From Rocket Homes Real Estate and based on county public records data.