3 months on rocket

503 Forest Ave, Chattanooga, TN, 37405

$2,389,900

Home List Price

$10,000*

Closing Credit

4 Bedrooms
5 Full Baths
6,994 SqFt
$342/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

503 Forest Ave, Chattanooga$2,389,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Parking2 Car Garage, Detached, Side Loading
Garage2 spaces
Year Built2020
HeatingCentral, Natural Gas
CoolingMulti Unit(s), Central Air, Electric
BasementYes
FireplaceGas Logs, In Living Room
ViewCity, Mountain(s), Other
Private PoolYes
MLS #1385388
Lot Size0.21 Acres
StatusActive

About 503 Forest Ave

Welcome to LUXURY living on Chattanooga's North Shore. This stunning home combines the best of design & lifestyle all within a short stroll to dining, shopping, the TN River, and Coolidge Park. This designer home features a third-floor wet bar, two bedrooms including the primary suite on the main level, and a terrace level in-law suite featuring a well-appointed kitchen. Enjoy your morning coffee and evening cocktail while taking in majestic sunrises and sunsets from one of your expansive patios. Views of Lookout Mountain make this home quintessential Chattanooga living. Entertaining family and guests at your resort-inspired pool is sure to create life-long memories for all. All though this home was built in 2020, the current owner/designer put their thoughtful touch on this already well-constructed home, giving it the elegance and design, it deserved. NEW FEATURES include Wide plank, White Oak flooring throughout, interior and exterior paint, Custom wood shutters throughout, the addition of a wine chiller, and washer dryer for both laundry rooms. Additional, adjacent, building LOT located at 505 Forest Avenue is available for purchase. Ask about combined offering price.

Property Details

Property Features

Property Information:

  • Architectural Style: 3 Level, Site Built
  • Year Built: 2020
  • Living Area: 6,994 SqFt

Listing Office:

  • Office Name: Keller Williams Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Double Oven, Gas Range, Microwave, Refrigerator, Oven, Washer, Tankless Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood Solid, Tile
  • Interior: Attic Storage - Ceiling, Ceiling - 9 Ft or More, Expansion Area, Granite Counter Tops, Island Work/Center, Laundry Room, Pantry, Pantry - Butler, Sound System Wiring, Walk-in Closet, Washer & Dryer Hookup, Wet Bar/Refresh Center
  • Fireplace: Gas Logs, In Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: City, Mountain(s), Other
  • Exterior: Fence, Landscape Lights, Lawn Sprinklers, Patio/Deck Covered, Pool - Below Ground, Pool - Heated, Porch Covered

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: 2 Car Garage, Detached, Side Loading

Lot Features

Lot Information:

  • Lot: City Lot, Views
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Multi Unit(s), Central Air, Electric

School Info

Assigned Schools Information:

  • Chattanooga School for The Arts and Science Upper School, Public District Grades 6-12
  • Red Bank High School, Public District Grades 9-12
  • STEM School Chattanooga, Public District Grades 9-10
  • Normal Park Museum Magnet School, Public Magnet Grades PK-8

Other

Directions Information:

  • Directions: 27N to Manufacturers Road. Right on Manufacturers Road. Right on Cherokee Blvd / Fraizer Avenue. Left at 2nd traffic light = Forest Avenue. Home is on the left. Sign in Yard.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,389,900
  • Price Per SqFt: $342/SqFt

Tax Information:

  • Annual Amount: $3,499
  • Tax Year: 2020
House and calculator

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.

Map thumbnail provided by MapBox

Chattanooga, TN

City

Med. Sold Price

$325.3K

Med. Price/SqFt

$192

Avg. Days On Market

39

# of Sold Homes

388

503 Forest Ave vs Chattanooga

101 DAYS ON ROCKET

+62 Days

$2,389,900

+$2.0M More

$342/SqFt

+$150 More

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $150/SqFt more than other homes in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #1385388

Listing Office:

  • Office Name: Keller Williams Realty

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

Feb 19, 2021Home Sold
$163,000
Jan 22, 2015Home Sold
$216,500
Apr 03, 2014Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,499$30,000
2019$829$30,000
2017$1,478$53,450

History based on county public records data.

Payment Calculator

$11.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,232

Powered By

Rocket Mortgage

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.

Middle School

school-card-donut-2978036
5
/10

  • Normal Park Museum Magnet School

  • 1219 W Mississippi Ave

  • 0.76 miles

  • Public Magnet Grades PK-8

High School

school-card-donut-2978037
7
/10

  • Chattanooga School for The Arts and Science Upper School

  • 865 E 3rd St

  • 1.30 miles

  • Public District Grades 6-12

school-card-donut-2978038
4
/10

  • Red Bank High School

  • 640 Morrison Springs Rd

  • 3.91 miles

  • Public District Grades 9-12

school-card-donut-2978039
8
/10

  • STEM School Chattanooga

  • 4501 Amnicola Hwy

  • 4.53 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 $45,632. Most Chattanooga, TN residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 Forest Ave

What is the listing price of this property?

The listing price of 503 Forest Ave property is $2,389,900.

What type of property is this?

The property 503 Forest Ave is a house located in Chattanooga, Tennessee, 37405.

Is this property for sale now?

Active Listing: 503 Forest Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 503 Forest Ave are:
Normal Park Museum Magnet School: GreatSchools Rating 5/10
Chattanooga School for The Arts and Science Upper School: GreatSchools Rating 7/10
Red Bank High School: GreatSchools Rating 4/10
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 $3,499 (source: MLS/based on county public records data).

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

The last sale was on February 19, 2021 for $163,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 503 Forest Ave has 4 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 503 Forest Ave is 6,994 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Forest Ave is 2020.

Rocket Homes›Tennessee›Hamilton County›Chattanooga›37405›503 Forest Ave

This home is located at 503 Forest Ave in Chattanooga, TN and zip code 37405 in the North Chattanooga / Hill City neighborhood. This 6,994 square foot home, which was built in 2020, sits on a 0.21 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since January 18, 2024 and is currently priced at $2,389,900.

Over 81 listings were sold over their listed price in March 2024 in Chattanooga, TN. In the same period over 199 listings were sold below the listed price and 108 listings were sold for the listed price. The number of listings in Chattanooga, TN increased by 8.1% between February 2024 and March 2024. In March 2024, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $325,305.

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

More Resources