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Backup Offers

8516 Georgetown Trace Ln, Chattanooga, TN, 37421

$653,000

Home List Price

$7,754*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
2,662 SqFt
$245/SqFt
House
Schools Nearby

Location

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8516 Georgetown Trace Ln, Chattanooga$653,000

Buyer Closing Credits

$7,754*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Parking3 Car Garage or more, Attached, Basement
Attached Garage3 spaces
Year Built2024
HeatingCentral, Natural Gas
CoolingCentral Air
BasementYes
FireplaceGas Logs, In Great Room
ViewCity, Other
MLS #1386670
Lot Size0.28 Acres
StatusAccepting Backup Offers
(Contingent)

About 8516 Georgetown Trace Ln

You will be captivated by the stunning views from the new construction home at 8516 Georgetown Trace Lane. The design of this home, expected to be completed this year by local builders, is influenced by earthtones, timeless traditional features, with a twist of modern/industrial accents. Tile selections throughout this home feature a variety of textures. Warm and welcoming, the home retains its grounded feel with site finished oak hardwoods, darker wood toned cabinetry, and a neutral paint palette. In the kitchen, there is a 48-inch range to meet any chef's needs, plus a deep rich blue tile backsplash and white quartz countertops to give it a modern feel. This home's space is created by a number of features such as a breakfast nook in the kitchen, a formal dining room adjacent to it, and a private office. With a gas log chevron tiled fireplace in the great room, gatherings are extra cozy, especially when you can observe the views from the double doors that lead out to the walkout deck. The views in this home are so amazing, you have to see them yourself to appreciate them! Your very own relaxing oasis can be found just a couple steps away from the primary bedroom and the two guest bedrooms. The laundry is conveniently located centrally to the bedrooms. As an added bonus, there is 862 square feet to accommodate a 3 car garage with an opportunity to do whatever you are inspired to do inside of 1,427 square ft of unfinished basement space with 12-16 ft ceilings! On the back side of the house there is a covered deck with a level part of the yard to put a fire pit where you can also have a serene, scenic view . Schedule your showing soon! This build is still in progress but has a completion date of May 1st 2024. *UPDATED photos coming soon!

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Level
  • Year Built: 2024
  • Living Area: 2,662 SqFt

Listing Office:

  • Office Name: Crye-Leike, REALTORS

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Gas Water Heater, Tankless Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood Solid, Tile
  • Interior: Ceiling - 9 Ft or More, Granite Counter Tops, Island Work/Center, Laundry Room, Walk-in Closet
  • Fireplace: Gas Logs, In Great Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: City, Other
  • Exterior: Patio/Deck, Patio/Deck Covered, Porch, Porch Covered

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: 3 Car Garage or more, Attached, Basement

Lot Features

Lot Information:

  • Lot: City Lot, Sloped
  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • East Hamilton School, Public District Grades 6-12
  • STEM School Chattanooga, Public District Grades 9-10
  • Hamilton County Middle College High School At Chattanooga S, Public District Grades 10-12
  • Westview Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From Gunbarrel Rd, Turn right onto Igou Gap RdAt the traffic circle, continue straightContinue onto Igou Gap RdAt the next traffic circle, continue straight to stay on Igou Gap Rd.Turn right onto Morris Hill RdDrive to Georgetown Trace Ln. Turn Left onto Georgetown Trace Ln. Property will be on your Left

Price Information

Listing Price Info

Price Summary:

  • List Price: $653,000
  • Price Per SqFt: $245/SqFt

Tax Information:

  • Annual Amount: $441
  • 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

8516 Georgetown Trace Ln vs Chattanooga

77 DAYS ON ROCKET

+38 Days

$653,000

+$327.6K More

$245/SqFt

+$53 More

KEY TAKEAWAY

This property is $327.6K more than the Median Sold Price and $53/SqFt more than other homes in Chattanooga, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #1386670

Listing Office:

  • Office Name: Crye-Leike, REALTORS

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: 4/28/2024, 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

Feb 24, 2021Home Sold
$47,000
Mar 02, 2020Home Sold
$36,500

Tax History

YEARPROP. TAXASSESSMENT
2020$441$8,750
2019$241$8,750
2017$242$8,750

History based on county public records data.

Payment Calculator

$3,327

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,024

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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-1966529
8
/10
  • Westview Elementary School

  • 9629 E Brainerd Rd

  • 1.53 miles

  • Public District Grades KG-5

High School

school-card-donut-1966530
7
/10
  • East Hamilton School

  • 2015 Ooltewah Ringgold Rd

  • 1.56 miles

  • Public District Grades 6-12

school-card-donut-1966531
8
/10
  • STEM School Chattanooga

  • 4501 Amnicola Hwy

  • 9.06 miles

  • Public District Grades 9-10

school-card-donut-1966532
9
/10
  • Hamilton County Middle College High School At Chattanooga S

  • 4501 Amnicola Hwy

  • 9.06 miles

  • Public District Grades 10-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,427. Residents of Chattanooga, TN typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8516 Georgetown Trace Ln

What is the listing price of this property?

The listing price of 8516 Georgetown Trace Ln property is $653,000.

What type of property is this?

The property 8516 Georgetown Trace Ln is a house located in Chattanooga, Tennessee, 37421.

Is this property for sale now?

Accepting Backup Offers: 8516 Georgetown Trace Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 8516 Georgetown Trace Ln are:
Westview Elementary School: GreatSchools Rating 8/10
East Hamilton School: GreatSchools Rating 7/10
STEM School Chattanooga: GreatSchools Rating 8/10
Hamilton County Middle College High School At Chattanooga S: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $441 (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 24, 2021 for $47,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8516 Georgetown Trace Ln has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 8516 Georgetown Trace Ln is 2,662 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8516 Georgetown Trace Ln is 2024.

Rocket HomesTennesseeHamilton CountyChattanooga374218516 Georgetown Trace Ln

This home is located at 8516 Georgetown Trace Ln in Chattanooga, TN and zip code 37421 in the Westview / Mountain Shadows neighborhood. This 2,662 square foot home, which was built in 2024, sits on a 0.28 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 10, 2024 and is currently priced at $653,000.

While more than 81 listings in Chattanooga, TN in March 2024 were sold above asking price, there were more than 108 listings sold at asking price, and more than 199 were sold below. The inventory of homes for sale in Chattanooga, TN between February 2024 and March 2024 increased by 8.1%. While the average time on the market in March 2024 was 39 days, the median list price was $325,305.

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

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