Offering an exceptional opportunity for development, this property situated at 8074 Old Lee Highway in Ooltewah, Tennessee, falls under the coveted R-3 zoning and a permit has been issued by WWTA with plans constructed accordingly. Spanning across raw land, the parcel is primed for the construction of townhomes, promising a lucrative investment in a rapidly evolving community. With its strategic location and zoning allowances, this property stands as a blank canvas for a visionary developer to shape a thriving residential project. Power, public water and sewer connections, high-speed fiber optics, and telephone lines are all readily available at or nearby the site. Please note that this listing comprises three separate parcels as follows:Address: 8074 Old Lee Hwy PARCEL ID: 140 011.10 SLIVER PT TR 2 SUMMIT POINTE SITE BOUNDARY SURVEYAddress: 4905 Pattentown Road PARCEL ID:140_012.02 NW 1/4 SEC 30 TWP 4 R2Address: 4907 Pattentown Road PARCEL ID: 140_012 PT NW 1/4 SEC 30 TWP 4 R2Unleash the full potential of this raw land, tailor it to your creative aspirations, and witness the transformation into a coveted townhome haven. Seize the chance to sculpt the future of this sought-after locale, where possibilities are as vast as the land itself. Act now and be the architect of a thriving residential masterpiece. Your canvas awaits at 8074 Old Lee Highway - where dreams meet development. Agent is daughter of Sellers.
Property Details
Property Features
Listing Office:
Office Name: Scenic South Properties, LLC
Exterior Features
Exterior Information:
View: Trees/Woods
Lot Features
Lot Information:
Lot: Wooded
Lot Size: 12.26 Acres
School Info
Assigned Schools Information:
Ooltewah High School, Public District Grades 9-12
STEM School Chattanooga, Public District Grades 9-10
Hamilton County Middle College High School At Chattanooga S, Public District Grades 10-12
Ooltewah Middle School, Public District Grades 6-8
Wolftever Creek Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Go to Fat Boy's Roadside Eats at8210 Apison Pike Ooltewah, TN 37363.Leave Fat Boy's Roadside Eats and turn right which is southeast on TN-317 Apison Pike. Go east towards toward Patsy Place. Then turn right onto Pattentown Rd. Entrance of address is 4905 Pattentown RdOoltewah, TN 37363 which is diagonally opposite of the Trading Post at 4896 Pattentown Road, Ooltewah, TN 37363.
Price Information
Listing Price Info
Price Summary:
List Price: $3,000,000
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 Ooltewah, TN.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15K
Per Month
Principal & Interest
$14.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,061
Powered By
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.
Elementary School
6
/10
Wolftever Creek Elementary School
5080 Ooltewah Ringgold Rd
Distance between this listing and this school2.25 miles
Public District Grades PK-5
Middle School
6
/10
Ooltewah Middle School
5100 Ooltewah Ringgold Rd
Distance between this listing and this school2.48 miles
Public District Grades 6-8
High School
4
/10
Ooltewah High School
6123 Mt View Rd
Distance between this listing and this school2.95 miles
Public District Grades 9-12
8
/10
STEM School Chattanooga
4501 Amnicola Hwy
Distance between this listing and this school7.77 miles
Public District Grades 9-10
9
/10
Hamilton County Middle College High School At Chattanooga S
4501 Amnicola Hwy
Distance between this listing and this school7.77 miles
Public District Grades 10-12
Assigned Schools
6
/10
Wolftever Creek Elementary School
5080 Ooltewah Ringgold Rd
Distance between this listing and this school2.25 miles
Public District Grades PK-5
Nearby Schools
4
/10
Bess T Shepherd Elementary School
7126 Tyner Rd
Distance between this listing and this school2.49 miles
Public District Grades KG-5
8
/10
Wallace A. Smith Elementary School
6930 Hunter Rd
Distance between this listing and this school3.47 miles
Public District Grades KG-5
Assigned Schools
6
/10
Ooltewah Middle School
5100 Ooltewah Ringgold Rd
Distance between this listing and this school2.48 miles
Public District Grades 6-8
Nearby Schools
3
/10
Tyner Middle Academy
6837 Tyner Rd
Distance between this listing and this school2.77 miles
Public Magnet Grades 6-8
7
/10
Hunter Middle School
6810 Teal Ln
Distance between this listing and this school3.17 miles
Public District Grades 6-8
Assigned Schools
4
/10
Ooltewah High School
6123 Mt View Rd
Distance between this listing and this school2.95 miles
Public District Grades 9-12
8
/10
STEM School Chattanooga
4501 Amnicola Hwy
Distance between this listing and this school7.77 miles
Public District Grades 9-10
9
/10
Hamilton County Middle College High School At Chattanooga S
4501 Amnicola Hwy
Distance between this listing and this school7.77 miles
The neighbors living near this home have an average income of $25,580. Typical income of Ooltewah, TN residents is less than $35k annually. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8074 Old Lee Hwy Unit 5
What is the listing price of this property?
The listing price of 8074 Old Lee Hwy Unit 5 property is $3,000,000.
What type of property is this?
The property 8074 Old Lee Hwy Unit 5 is land located in Ooltewah, Tennessee, 37363.
Is this property for sale now?
Active Listing: 8074 Old Lee Hwy Unit 5 is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 8074 Old Lee Hwy Unit 5 are: Wolftever Creek Elementary School: GreatSchools Rating 6/10Ooltewah Middle School: GreatSchools Rating 6/10Ooltewah High School: GreatSchools Rating 4/10STEM School Chattanooga: GreatSchools Rating 8/10Hamilton County Middle College High School At Chattanooga S: GreatSchools Rating 9/10
How much acreage is this property?
The property 8074 Old Lee Hwy Unit 5 is 12.26 acres.
Interested in 8074 Old Lee Hwy Unit 5? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 8074 Old Lee Hwy Unit 5 in Ooltewah, TN and zip code 37363. This home sits on a 12.26 acre lot. It has been listed on Rocket Homes since January 17, 2024 and is currently priced at $3,000,000.
In April 2024, from all listings sold in Ooltewah, TN there were more than 10 sold above asking price, over 25 sold below and more than 29 were sold right at the asked price. The number of homes for sale in Ooltewah, TN increased by 7% between March 2024 and April 2024. In April 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $465,000.
From Rocket Homes Real Estate and based on county public records data.
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®.
Extreme Sports
Extreme Sports
Figure Skating
Motocross
Academy Sports & Outdoors
Kmart
GameStop
Little Caesars
Bob Evans
Sonic
Chevrolet
Buick
Jeep
Country
Oldies