6 months on rocket

1603 E 47th St, Chattanooga, TN, 37407

$125,000

Home List Price

$1,484*

Closing Credit

2 Bedrooms
1 Full Bath
1,042 SqFt
$120/SqFt
House
Schools Nearby

Location

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1603 E 47th St, Chattanooga$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingMain Level, None, Off Street Parking
Year Built1930
HeatingCentral, Electric
CoolingCentral Air, Electric
MLS #1381547
Lot Size0.20 Acres
StatusActive

About 1603 E 47th St

Outstanding Investment Opportunity and Charming Home Awaits You!Are you seeking an exceptional property that can offer both a lucrative investment and a comfortable place to call home? Look no further. This strategically positioned property is situated in a highly desirable area, where convenience to all the essentials is key. Located just minutes away from the bustling downtown area, hospitals, shopping centers, and a variety of dining options, its central location serves as a valuable asset.At present, this property is a reliable source of rental income, yielding $1,112 per month. This establishes it as a solid, income-generating investment right from day one. It's important to note that the property has recently undergone a minor renovation, ensuring it's in top shape for either a new tenant or a new owner.In consideration of the privacy and comfort of our valued tenants, we kindly request that property viewings be scheduled following an accepted contract. This approach is designed to facilitate a seamless process for all parties involved.Whether you're an astute investor searching for a promising addition to your portfolio or someone looking for an affordable and welcoming place to live, this property offers a multitude of possibilities.Don't miss the chance to explore this remarkable investment opportunity or to discover the benefits of making it your own home. Act now and seize this opportunity while it's still available!

Property Details

Property Features

Property Information:

  • Architectural Style: 1 Level, Site Built
  • Year Built: 1930
  • Living Area: 1,042 SqFt

Listing Office:

  • Office Name: EXP Realty, LLC

Interior Features

Interior Information:

  • Appliances: Electric Range, Electric Water Heater
  • Basement: No
  • Flooring Type: Hardwood Engineered, Laminate, Tile
  • Interior: Washer & Dryer Hookup

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Porch Covered

Parking Information:

  • Attached Garage: No
  • Parking: Main Level, None, Off Street Parking

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • The Howard School, Public District Grades 9-12
  • Chattanooga School for The Arts and Science Upper School, Public District Grades 6-12
  • STEM School Chattanooga, Public District Grades 9-10
  • East Lake Academy of Fine Arts, Public Magnet Grades 6-8
  • East Lake Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Chattanooga, South on Rossville Blvd. Right on Workman Rd. Left on English Ave. Right on E. 47th St. House on Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $120/SqFt

Tax Information:

  • Annual Amount: $396
  • Tax Year: 2020
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Housing Market Comparison

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

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Chattanooga, TN

City

Med. Sold Price

$325.3K

Med. Price/SqFt

$192

Avg. Days On Market

39

# of Sold Homes

388

1603 E 47th St vs Chattanooga

192 DAYS ON ROCKET

+153 Days

$125,000

-$200.3K Less

$120/SqFt

-$72 Less

KEY TAKEAWAY

This property is $200.3K less than the Median Sold Price and $72/SqFt less than other homes in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #1381547

Listing Office:

  • Office Name: EXP Realty, LLC

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: 4/29/2024, 8:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 14, 2019Home Sold
$50,000
Apr 11, 2017Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2020$396$4,825
2019$133$4,825
2017$133$4,825

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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.

Elementary School

school-card-donut-2971698
2
/10

  • East Lake Elementary School

  • 3600 13th Ave

  • 0.95 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2971699
3
/10

  • East Lake Academy of Fine Arts

  • 2700 E 34th St

  • 1.00 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-2971700
2
/10

  • The Howard School

  • 2500 S Market St

  • 2.83 miles

  • Public District Grades 9-12

school-card-donut-2971701
7
/10

  • Chattanooga School for The Arts and Science Upper School

  • 865 E 3rd St

  • 4.26 miles

  • Public District Grades 6-12

school-card-donut-2971702
8
/10

  • STEM School Chattanooga

  • 4501 Amnicola Hwy

  • 8.27 miles

  • Public District Grades 9-10

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,684. Most Chattanooga, TN residents have annual incomes less than $35k. 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

Frequently Asked Questions About 1603 E 47th St

What is the listing price of this property?

The listing price of 1603 E 47th St property is $125,000.

What type of property is this?

The property 1603 E 47th St is a house located in Chattanooga, Tennessee, 37407.

Is this property for sale now?

Active Listing: 1603 E 47th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1603 E 47th St are:
East Lake Elementary School: GreatSchools Rating 2/10
East Lake Academy of Fine Arts: GreatSchools Rating 3/10
The Howard School: GreatSchools Rating 2/10
Chattanooga School for The Arts and Science Upper School: GreatSchools Rating 7/10
STEM School Chattanooga: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $396 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 14, 2019 for $50,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1603 E 47th St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1603 E 47th St is 1,042 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1603 E 47th St is 1930.

Rocket Homes›Tennessee›Hamilton County›Chattanooga›37407›1603 E 47th St

This home is located at 1603 E 47th St in Chattanooga, TN and zip code 37407 in the South Chattanooga neighborhood. This 1,042 square foot home, which was built in 1930, sits on a 0.20 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 19, 2023 and is currently priced at $125,000.

In March 2024 more than 81 listings in Chattanooga, TN were sold above the asking price. During the same period more than 108 listings were sold at asking price, while more than 199 were sold below. Between February 2024 and March 2024, Chattanooga, TN real estate market has seen increase in the number of listings by 8.1%. While the average time on the market in March 2024 was 39 days, the median list price was $325,305.

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

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