7 months on rocket

842 S Germantown Rd, Chattanooga, TN, 37412

$275,000

Home List Price

$3,266*

Closing Credit

4 Bedrooms
1 Full Bath, 2 Partial
3,641 SqFt
$76/SqFt
House

Location

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842 S Germantown Rd, Chattanooga$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Year Built1900
HeatingCentral
CoolingCentral Air
BasementYes
MLS #1391640
Lot Size0.47 Acres
StatusActive

About 842 S Germantown Rd

Even though the property has been utilized as an office for many years, it presents a unique opportunity to convert it back to residential, continue to use it as an office, or customize it for both, as a work/life property. This property combines the best of both worlds - offering the tranquility of residential living with the convenient proximity of retail and services. This property was recently purchased by a non-profit organization to be renovated and used as a school but they found another building that is larger and currently used as a pre-school, so they are able to occupy it immediately. This creates a fantastic opportunity for an investor or business owner to purchase a property at a great price with significant upside potential. Most of the interior has been stripped down to the wall studs and some walls have been completely removed. This provides a blank canvas for customization, allowing the new owner to tailor the space according to their needs or preferences, whether it will be for their own use, for a new tenant, or to divide it for multiple tenants or sharing space with others. The property's suitability for traditional offices or open concept layouts widens its appeal to a diverse range of uses and tenants. Survey and Architectural Drawings Available: Having these documents readily available may streamline the renovation process, provide clarity for potential buyers and tenants, and significantly reduce the renovation cost. Income Generation Potential: The ability to divide the building into multiple units offers the flexibility to generate rental income while still having space for the owner's use or until owner's business grows to utilize the entire building. Large Parking Lot and Land to Expand: Approximately half an acre.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 2
  • Living Area: 3,641 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (423) 664-1900

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes
  • Interior: Open Floorplan

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: None

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Gentle Sloping
  • Lot Size: 0.47 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From I-75, take the Ringgold Road exit headed West, take a right at South Germantown Road. The property will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $76/SqFt

Tax Information:

  • Annual Amount: $3,281
  • 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

842 S Germantown Rd vs Chattanooga

223 DAYS ON ROCKET

+186 Days

$275,000

-$55K Less

$76/SqFt

-$125 Less

KEY TAKEAWAY

This property is $55K less than the Median Sold Price and $125/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: #1391640

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (423) 664-1900

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$3,281$73,440
2019$3,281$73,440
2017$3,281$73,440

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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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-4383287
3
/10
  • East Ridge Elementary School

  • 1014 John Ross Rd

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-4383288
2
/10
  • East Lake Elementary School

  • 3600 13th Ave

  • 1.23 miles

  • Public District Grades KG-5

school-card-donut-4383289
4
/10
  • Chattanooga Charter School of Excellence

  • 2029 E 23rd St

  • 1.66 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,318. Most Chattanooga, TN residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Chattanooga, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Chattanooga, TN?

Chattanooga's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles range from historic Victorian and Tudor homes to contemporary new constructions. The market is dynamic, with a mix of older homes that reflect the city's rich history and newer developments that cater to modern living preferences. While the exact composition of the housing market can vary, there is a healthy balance between homeownership and rental opportunities, accommodating a variety of lifestyle needs.

What are the advantages of living in Chattanooga, TN?

Chattanooga is celebrated for its vibrant community spirit and scenic beauty, nestled along the Tennessee River and surrounded by mountains. The city prides itself on its outdoor recreational opportunities, including world-class rock climbing, hiking, and water sports. Cultural events and festivals throughout the year showcase the city's diverse heritage and foster a strong sense of community among residents.

Are essential services in Chattanooga, TN convenient?

The community benefits from a robust educational system, with numerous public and private schools, as well as higher education institutions that contribute to the city's intellectual environment. Healthcare facilities in Chattanooga are comprehensive, offering a range of services from primary care to specialized treatments. The city also features a network of public libraries and a variety of retail and dining options that reflect the local culture. Initiatives to enhance services, particularly in response to demographic shifts, are a testament to the city's commitment to meeting the needs of its residents.

How do Chattanooga, TN residents get around?

Chattanooga's transportation infrastructure includes a mix of public transit options and well-maintained roads and highways that facilitate travel within the city and to surrounding areas. The public transit system provides connectivity across neighborhoods, with schedules designed to accommodate commuters and residents. The city is also bike-friendly, with dedicated lanes and trails that encourage cycling as a mode of transport. Efforts to improve transport efficiency and accessibility are ongoing, reflecting Chattanooga's dedication to a sustainable and connected urban environment.

Frequently Asked Questions About 842 S Germantown Rd

What is the listing price of this property?

The listing price of 842 S Germantown Rd property is $275,000.

What type of property is this?

The property 842 S Germantown Rd is a house located in Chattanooga, Tennessee, 37412.

Is this property for sale now?

Active Listing: 842 S Germantown Rd 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 $3,281 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 842 S Germantown Rd has 4 bedrooms and 1 full and 2 half bathrooms.

What is the square footage of this property?

The property 842 S Germantown Rd is 3,641 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 842 S Germantown Rd is 1900.

Rocket HomesTennesseeHamilton CountyChattanooga37412842 S Germantown Rd

This home is located at 842 S Germantown Rd in Chattanooga, TN and zip code 37412. This 3,641 square foot home, which was built in 1900, sits on a 0.47 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $275,000.

In November 2024 more than 47 listings in Chattanooga, TN were sold above the asking price. During the same period more than 89 listings were sold at asking price, while more than 195 were sold below. Between October 2024 and November 2024, Chattanooga, TN real estate market has seen decrease in the number of listings by 6.9%. Listings spent 37 days on the market in November 2024, and had a median list price of $330,018 during the same period.

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

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