7 months on rocket

7642 Padgett Ln, Ooltewah, TN, 37363

$3,500,000

3 Bedrooms
2 Full Baths, 1 Partial
2,322 SqFt
$1,507/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Door Opener, Garage Faces Front, Kitchen Level
Attached Garage3 spaces
Year Built1973
HeatingCentral, Electric
CoolingCentral Air, Electric
BasementYes
FireplaceDen, Family Room, Gas Log
ViewMountain(s), Other
Private PoolYes
MLS #1390127
Lot Size89.00 Acres
StatusActive

About 7642 Padgett Ln

An unbelievable opportunity exists with this unique property, including 2 gorgeous homes on a total of approximately 89 acres. This sale includes both homes located at 7642 Padgett Lane and 7646 Padgett Lane and the total of approximately 89 acres. 7642 Padgett Lane is a gorgeous, updated all brick rancher with 3 bedrooms, 2.5 baths, 3 car garage, formal living and dining rooms, Huge eat in kitchen, perfect den, beautiful sunroom, Inground pool and fenced back yard. 7646 Padgett Lane is a beautifully remodeled farmhouse with gorgeous hardwood flooring, open concept design, 3 bedrooms, 2 baths and rocking chair front porch. The possibilities and potential of this property are unsurpassed! The buyer is responsible to do their due diligence to verify all information.

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Stories: 1
  • Living Area: 2,322 SqFt

Listing Office:

  • Office Name: Coldwell Banker Pryor Realty
  • Office Phone: (423) 894-6762

Interior Features

Interior Information:

  • Appliances: Microwave, Electric Range, Electric Water Heater, Dishwasher
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Tile
  • Interior: Eat-in Kitchen, Granite Counters, Primary Downstairs, Separate Dining Room, Tub/shower Combo, Walk-In Closet(s)
  • Fireplace: Den, Family Room, Gas Log

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Mountain(s), Other
  • Exterior: Porch/Covered, Deck, Patio, Porch

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Garage Door Opener, Garage Faces Front, Kitchen Level

Lot Features

Lot Information:

  • Lot Size: 89.00 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: From Hwy 58, turn right on Mahan Gap Road, right on Snow Hill Road, right onto Padgett Lane. 7642 is first house on the right. 7646 is second property is on the right, on top of small hill (white house).

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,500,000
  • Price Per SqFt: $1,507/SqFt

Tax Information:

  • Annual Amount: $1,495
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$467.8K

Med. Price/SqFt

$201

Avg. Days On Market

40

# of Sold Homes

96

7642 Padgett Ln vs Ooltewah

218 DAYS ON ROCKET

+178 Days

$3,500,000

+$3.0M More

$1,507/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $3.0M more than the Median Sold Price and $1.3K/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: #1390127

Listing Office:

  • Office Name: Coldwell Banker Pryor Realty
  • Office Phone: (423) 894-6762

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: 11/16/2024, 1:20:57 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$1,495$53,750
2019$1,495$53,750
2017$1,495$53,750

History based on county public records data.

Payment Calculator

$17.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.5K

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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.

Nearby Schools

school-card-donut-130783
5
/10
  • Snow Hill Elementary School

  • 9042 Career Ln

  • 0.97 miles

  • Public District Grades PK-5

school-card-donut-130784
7
/10
  • Ooltewah Elementary School

  • 8890 Snowy Owl Rd

  • 2.96 miles

  • Public District Grades PK-5

school-card-donut-130785
8
/10
  • Wallace A. Smith Elementary School

  • 6930 Hunter Rd

  • 4.26 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $55,297. Most Ooltewah, TN residents have annual incomes less than $35k. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7642 Padgett Ln

What is the listing price of this property?

The listing price of 7642 Padgett Ln property is $3,500,000.

What type of property is this?

The property 7642 Padgett Ln is a house located in Ooltewah, Tennessee, 37363.

Is this property for sale now?

Active Listing: 7642 Padgett Ln 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 $1,495 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7642 Padgett Ln has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 7642 Padgett Ln is 2,322 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7642 Padgett Ln is 1973.
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Rocket HomesTennesseeHamilton CountyOoltewah373637642 Padgett Ln

This home is located at 7642 Padgett Ln in Ooltewah, TN and zip code 37363 in the Harrison Bay neighborhood. This 2,322 square foot home, which was built in 1973, sits on a 89.00 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $3,500,000.

Over 13 listings were sold over their listed price in October 2024 in Ooltewah, TN. In the same period over 57 listings were sold below the listed price and 26 listings were sold for the listed price. Between September 2024 and October 2024, Ooltewah, TN real estate market has seen decrease in the number of listings by 0.7%. The median list price of listings available in October 2024 was $467,826, while the average time on the real estate market was 40 days.

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

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