$1,000,000
SOLD DEC 18, 2024

824 Fortunate Way Hixson, TN 37343

Falling Water Neighborhood
3 Beds
2 Baths
2,328 Sq Ft
8 Acres

Recently Sold

$430 Per Sq Ft

17% Below List Price

37 Days on Market

Highlights

  • Barn
  • Waterfront
  • Open Floorplan
  • Solar Power System
  • 8 Acre Lot
  • Creek or Stream View

About This Home

As of December 2024

Welcome to 824 Fortunate Way: 8 beautiful, flat acres in Falling Water, TN just 15 minutes from downtown Chattanooga. This property has already been subdivided and perc (soil) tested if the new owner wishes to build another structure on the property! 5 acres including the home, creek and garage/workshop are also available for $799,900 (MLS #1394473).

Fortunate Way is the definition of a serene retreat: sit on your covered front porch to hear only the sounds of the birds, wind chimes and creek flowing through the back of the property. This property is not within city limits therefore allowing livestock. Build your dream garden or have your ideal land for animals while being close to everything in town. Built in 2014 and offering all one-level living, this home has 3 bedrooms, 2 bathrooms and an open living/dining room combo perfect for entertaining. Some amazing features of this property include: climate controlled attic storage that runs almost the entire length of the house; a storm shelter below the floor of the laundry room; tankless instant-on water heaters that conserves energy and provides abundant hot water; multiple frost-free fire hydrants spread through the property; shaded trails throughout the property that provide a park-like setting for walks, extensive/unique landscaping with trees and shrubs as well as river rock obtained from the property. One important thing to note about this unique property is the layout/design and floor plan: it was built based on passive solar design which lowers energy consumption and keeps utility bills at a minimum. The home was built with Structural Insulated Panels which contribute to the energy efficiency and creates a highly insulated space as well as climate-controlled attic storage space. The solar panels on the roof generate electricity which is sold back to the power board each month. This offsets energy costs and results in a financial gain each month. The owner is in Year 10 of 20 Year contract with EPB.

Last Agent to Sell the Property

Chloe Tiano

Real Estate Partners Chattanooga LLC License #359212

Real Estate Partners Chattanooga LLC

Last Buyer's Agent

Chloe Tiano

Real Estate Partners Chattanooga LLC License #359212

Real Estate Partners Chattanooga LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,057

Year Built

  • Built in 2014

Lot Details

  • 8 Acre Lot
  • Waterfront
  • Level Lot

Property Views

  • Creek or Stream
  • Mountain

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,328 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Insulated Windows
  • Tile Flooring
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Free-Standing Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting
  • Gazebo
  • Outbuilding

Schools

  • Middle Valley Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Multiple cooling system units
  • Underground Utilities
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • Enhanced Accessible Features
  • Solar Power System
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 081 048

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,057

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 8.0
  • Lot Size: 0
  • Subdivision Name: None
  • Directions: N on 153 from Hixson, go past Boy Scout Rd and under the Hwy 27 overpass, then left on Old Dayton Pk, right on Pitts Rd to right on Levi Rd, F Way on your left.
  • Above Grade Finished Sq Ft: 2328.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 2328.0
  • New Construction: No
  • Green Power: Solar
  • Structure Type: Free Standing Building
  • Year Built: 2014
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 081 048
  • Location Tax and Legal Elementary School: Middle Valley Elementary
  • Location Tax and Legal Middle Or Junior School2: Red Bank Middle
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 2056.69
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Above Grade Finished Area: 2328.0
  • General Property Information Enhanced Accessible2: Yes
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 8.0
  • General Property Information Lot Size Square Feet2: 348480.0
  • General Property Information Lot Size Dimensions: 0
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Underground Utilities: Yes
  • Water Source:Public: Yes
  • Flooring:Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Utilities Phone Available: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • View:Mountain(s): Yes
  • Cooling:Multi Units: Yes
  • Foundation Details Concrete Perimeter: Yes
  • Laundry Features Laundry Room: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • Other Structures:Out Building: Yes
  • Other Structures:Barn(s): Yes
  • Other Structures Gazebo: Yes
  • View CreekStream2: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Microwave, Free-Standing Electric Range, Electric Water Heater, Dishwasher
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Tile
  • Interior Amenities: Granite Counters, Open Floorplan, Pantry, Primary Downstairs, Walk-In Closet(s)
  • Window Features: Insulated Windows
  • Appliances Dishwasher: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Basement:None3: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Attic Features:Storage Only: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Granite Counters: Yes

Exterior Features

  • Lot Features: Level
  • View: Creek/Stream, Mountain(s), Other
  • View: Yes
  • Waterfront: Yes
  • Home Warranty: No
  • Exterior Features: Lighting
  • Foundation Details: Concrete Perimeter
  • Other Structures: Barn(s), Gazebo, Outbuilding
  • Patio And Porch Features: Porch, Porch - Covered
  • Roof: Shingle
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Lighting: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Utilities: Cable Available, Electricity Available, Phone Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Middle Valley Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 348480.0
  • Additional Parcels: No
  • Parcel #: 081 048
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Generation:Solar2: Yes

Tax Info

  • Tax Annual Amount: 2056.69

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2024
Closed on
Dec 18, 2024
Sold by
Hampton Elizabeth R and Harrison Rodney H
Bought by
Perkins Dustin and Perkins Jalina
Seller's Agent
Chloe Tiano
Real Estate Partners Chattanooga LLC
Buyer's Agent
Chloe Tiano
Real Estate Partners Chattanooga LLC
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Total Days on Market
37
Views
19
Current Estimated Value
$890,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$109,889
Avg. Annual Appreciation
-11.36%
Original Mortgage
$620,000
Outstanding Balance
$619,470
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$334,580

Purchase Details

Closed on
Jan 30, 2013
Sold by
Griffith Roy and Griffith Bobbie J
Bought by
Hampton Elizabeth R and Harrison Rodney H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
3.38%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 1999
Sold by
Brown Pearl L
Bought by
Griffith Roy and Griffith Bobbie J

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $775,000 Hon & Kopet Title
Warranty Deed $775,000 Hon & Kopet Title
Warranty Deed $110,000 None Available
Warranty Deed $57,000 First Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $620,000 New Conventional
Closed $620,000 New Conventional
Previous Owner $217,000 New Conventional
Previous Owner $216,593 Stand Alone Refi Refinance Of Original Loan
Previous Owner $289,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2024 12/18/24 Sold $1,000,000 -16.7% $430 / Sq Ft
10/14/2024 10/14/24 Pending -- -- --
09/07/2024 09/07/24 For Sale $1,200,000 -- $515 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,841 $82,300 $0 $0
2023 $2,057 $91,525 $0 $0
2022 $2,057 $91,525 $0 $0
2021 $2,057 $91,525 $0 $0
2020 $1,791 $64,450 $0 $0
2019 $1,791 $64,450 $0 $0
2018 $1,791 $64,450 $0 $0
2017 $1,791 $64,450 $0 $0
2016 $1,772 $0 $0 $0
2015 $2,019 $73,025 $0 $0
2014 $741 $0 $0 $0
Source: Public Records

Source: Greater Chattanooga REALTORS®

MLS Number: 1398870

Greater Chattanooga REALTORS®

APN: 081-048

Tennessee Hamilton County Hixson 37343 Falling Water

824 Fortunate Way, Hixson, TN

Homes for Sale in Hixson, TN

This home is located at 824 Fortunate Way, Hixson, TN 37343 and is currently priced at $1,000,000, approximately $429 per square foot. This property was built in 2014. 824 Fortunate Way is a home located in Hamilton County with nearby schools including Ganns Middle Valley Elementary School, Red Bank Middle School, and Red Bank High School.

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