5 months on rocket

557 Cranberry Way, Hixson, TN, 37343

$550,000

Home List Price

$6,531*

Closing Credit

0 Baths
2,700 SqFt
$204/SqFt
Multi
Schools Nearby

Location

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557 Cranberry Way, Chattanooga$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingMain Level
Year Built1973
HeatingElectric
CoolingWall/Window Unit(s)
MLS #1383512
Lot Size0.25 Acres
StatusActive

About 557 Cranberry Way

Welcome to 557 Cranberry Way, where investment meets serenity. This quadplex, nestled on a flat lot and surrounded by mature trees, offers both a peaceful setting and passive income potential. With a fenced-in yard, this property is not just a rental; it's a home where tenants can enjoy privacy. Don't miss this opportunity to invest in a property that combines the best of both worlds - a smart financial move and a haven of natural beauty.

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Level
  • Year Built: 1973
  • Stories: 1
  • Living Area: 2,700 SqFt

Listing Office:

  • Office Name: Keller Williams Realty

Exterior Features

Parking Information:

  • Parking: Main Level

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.25 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • STEM School Chattanooga, Public District Grades 9-10
  • Hamilton County Middle College High School At Chattanooga S, Public District Grades 10-12
  • Red Bank High School, Public District Grades 9-12
  • Red Bank Middle School, Public District Grades 6-8
  • Dupont Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: coming soon

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $204/SqFt

Tax Information:

  • Annual Amount: $2,325
  • 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

557 Cranberry Way vs Chattanooga

150 DAYS ON ROCKET

+111 Days

$550,000

+$224.6K More

$204/SqFt

+$12 More

KEY TAKEAWAY

This property is $224.6K more than the Median Sold Price and $12/SqFt more than other homes in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #1383512

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, 6:25:15 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

Dec 02, 2020Home Sold
$360,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,325$43,080
2019$1,191$43,080
2017$1,191$43,080

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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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-2937166
5
/10

  • Dupont Elementary School

  • 4134 Hixson Pike

  • 0.92 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2937167
3
/10

  • Red Bank Middle School

  • 3701 Tom Weathers La

  • 2.46 miles

  • Public District Grades 6-8

High School

school-card-donut-2937168
8
/10

  • STEM School Chattanooga

  • 4501 Amnicola Hwy

  • 2.23 miles

  • Public District Grades 9-10

school-card-donut-2937169
9
/10

  • Hamilton County Middle College High School At Chattanooga S

  • 4501 Amnicola Hwy

  • 2.23 miles

  • Public District Grades 10-12

school-card-donut-2937170
4
/10

  • Red Bank High School

  • 640 Morrison Springs Rd

  • 2.49 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,125. The majority of Chattanooga, TN residents have income less than $35k annually. 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

Rocket Homes›Tennessee›Hamilton County›Chattanooga›37343›557 Cranberry Way

This home is located at 557 Cranberry Way in Hixson, TN and zip code 37343 in the Dupont / Murray Hills neighborhood. This 2,700 square foot home, which was built in 1973, sits on a 0.25 acre lot. It has been listed on Rocket Homes since November 30, 2023 and is currently priced at $550,000.

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. In March 2024 in Chattanooga, TN there were 8.1% more homes for sale than in February 2024. In March 2024 median list price was $325,305 and the average listing age was 39 days.

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

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