9 months on rocket

338 NE Michigan Avenue Rd, Cleveland, TN, 37323

$630,000

11.34 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential
ViewTrees/Woods
MLS #1376678
Lot Size11.34 Acres
StatusActive

About 338 NE Michigan Avenue Rd

Location, Location, Location! Developers will appreciate the opportunity to maximize their investment potential while meeting the growing demand in the housing area with these 12 beautiful acres in a private setting. Whether you envision creating a charming community of single family homes or a modern complex. You have the ability to split this property into 24 lots and put 18 quadraplexes and 4 duplexes which would be a total of 82 units. The Sky is really the limit! Sewer is available on this property. The potential to rezone is also possible. These are two separate parcels, to be sold together and not separated. Don't miss out on the chance to turn your vision into a reality. Reach out today to secure this prime land listing.

Property Details

Property Features

Listing Office:

  • Office Name: Premier Property Group Inc.

Exterior Features

Exterior Information:

  • View: Trees/Woods

Lot Features

Lot Information:

  • Lot: Level, Sloped, Wooded
  • Lot Size: 11.34 Acres

Other

Directions Information:

  • Directions: from I-75 S, take Exit 4 to SR-153N. Take exit 1 onto Lee Hwy. Turn left onto Lee Hwy. Turn left to merge on SR-153 S toward I-75. Take exit 27 onto Paul Huff Pkwy toward Cleveland. Turn Right onto Michigan Ave Rd NE. Lot will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $630,000
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Housing Market Comparison

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

Med. Sold Price

$300K

Med. Price/SqFt

$178

Avg. Days On Market

24

# of Sold Homes

78

338 NE Michigan Avenue Rd vs Cleveland

289 DAYS ON ROCKET

+265 Days

$630,000

+$330K More

KEY TAKEAWAY

This property is $330K more than the Median Sold Price in Cleveland, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #1376678

Listing Office:

  • Office Name: Premier Property Group Inc.

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: 4/30/2024, 5:25:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,212

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,955

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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-3531327
8
/10
  • Michigan Avenue

  • 188 Michigan Ave North East

  • 0.45 miles

  • Public District Grades PK-5

school-card-donut-3531328
6
/10
  • Parkview Elementary School

  • 300 Minnis Rd NE

  • 0.75 miles

  • Public District Grades KG-5

school-card-donut-3531329
7
/10
  • Oak Grove Elementary School

  • 400 Durkee Rd SE

  • 1.43 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,489. The most common annual income of people living in Cleveland, TN is between $35k-100k. 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 338 NE Michigan Avenue Rd

What is the listing price of this property?

The listing price of 338 NE Michigan Avenue Rd property is $630,000.

What type of property is this?

The property 338 NE Michigan Avenue Rd is land located in Cleveland, Tennessee, 37323.

Is this property for sale now?

Active Listing: 338 NE Michigan Avenue Rd is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 338 NE Michigan Avenue Rd is 11.34 acres.
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Rocket HomesTennesseeBradley CountyCleveland37323338 NE Michigan Avenue Rd

This home is located at 338 NE Michigan Avenue Rd in Cleveland, TN and zip code 37323. This home sits on a 11.34 acre lot. It has been listed on Rocket Homes since July 15, 2023 and is currently priced at $630,000.

While more than 18 listings in Cleveland, TN in March 2024 were sold above asking price, there were more than 17 listings sold at asking price, and more than 43 were sold below. The inventory of homes for sale in Cleveland, TN between February 2024 and March 2024 increased by 8.5%. While the average time on the market in March 2024 was 24 days, the median list price was $300,000.

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

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