3 months on rocket

505 Forest Ave, Chattanooga, TN, 37405

$499,900

0.29 Acres
Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeResidential
ViewOther
MLS #1385389
Lot Size0.29 Acres
StatusActive

About 505 Forest Ave

Build your DREAM HOME in the beautiful North Shore community! A short stroll to dining, parks, shopping, and a short drive to downtown Chattanooga, museums, and hospitals. Your dream home could feature views of Lookout Mountain along with breathtaking sunsets. This LOT is offered as an individual sale for $499,900 OR combined with 503 Forest. Combined price upon request.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty

Exterior Features

Exterior Information:

  • View: Other

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.29 Acres

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. Lot is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,900

Tax Information:

  • Annual Amount: $1,509
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$325.3K

Med. Price/SqFt

$192

Avg. Days On Market

39

# of Sold Homes

388

505 Forest Ave vs Chattanooga

102 DAYS ON ROCKET

+63 Days

$499,900

+$174.5K More

KEY TAKEAWAY

This property is $174.5K more than the Median Sold Price in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #1385389

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, 3:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 05, 2019Home Sold
$265,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,509$59,600
2019$1,648$59,600
2017$1,648$59,600

History based on county public records data.

Payment Calculator

$2,562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,565

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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.

Middle School

school-card-donut-3195187
5
/10
  • Normal Park Museum Magnet School

  • 1219 W Mississippi Ave

  • 0.75 miles

  • Public Magnet Grades PK-8

High School

school-card-donut-3195188
7
/10
  • Chattanooga School for The Arts and Science Upper School

  • 865 E 3rd St

  • 1.31 miles

  • Public District Grades 6-12

school-card-donut-3195189
4
/10
  • Red Bank High School

  • 640 Morrison Springs Rd

  • 3.90 miles

  • Public District Grades 9-12

school-card-donut-3195190
8
/10
  • STEM School Chattanooga

  • 4501 Amnicola Hwy

  • 4.52 miles

  • Public District Grades 9-10

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,632. Typical income of Chattanooga, TN residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Forest Ave

What is the listing price of this property?

The listing price of 505 Forest Ave property is $499,900.

What type of property is this?

The property 505 Forest Ave is land located in Chattanooga, Tennessee, 37405.

Is this property for sale now?

Active Listing: 505 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 505 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 $1,509 (source: MLS/based on county public records data).

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

The last sale was on March 5, 2019 for $265,000. (source: MLS/tax record).

How much acreage is this property?

The property 505 Forest Ave is 0.29 acres.
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Rocket HomesTennesseeHamilton CountyChattanooga37405505 Forest Ave

This home is located at 505 Forest Ave in Chattanooga, TN and zip code 37405 in the North Chattanooga / Hill City neighborhood. This home sits on a 0.29 acre lot. It has been listed on Rocket Homes since January 18, 2024 and is currently priced at $499,900.

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. 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.

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