$479,898
$60K PRICE DROP

Estimated payment $2,835/month

Total Views 4,119
1.2 Acres
$399,915 Price per Acre
52,272 Sq Ft Lot

Highlights

  • Skyline View
  • Property is near public transit
  • No HOA
  • 1.2 Acre Lot
  • Private Yard
  • Outdoor Storage

About This Lot

Exciting Development Opportunity: 8-Unit Townhome Project Near Downtown Chattanooga. Superb location close to Downtown Chattanooga, Normal Park, & Red Bank.

* Seller is offering a Buyer Credit of $15,000.00 with a full list price Seller accepted offer.* This prime real estate offering presents an incredible opportunity to develop a modern 8-unit townhome community in one of the most sought-after locations near Downtown Chattanooga. With easy access to local parks, dining, shopping, and entertainment, this location is perfect for superior residential units. The Sale Includes: Preliminary site plan showcasing the layout and flow of the townhome development. Carefully curated interior design selections to help visualize the project's potential. Proposed floor plans designed for maximum functionality and style. The rezoning application fee has already been paid, and the seller will complete the rezoning process prior to closing, ensuring a smooth transition for the buyer. This is an excellent opportunity to shape a thriving community in Chattanooga. Don't miss out on this exceptional development opportunity! Contact us today for more information and to schedule a tour of the property.

Listing Agent

Pete Prosser

Norluxe Realty Chattanooga llc License #300332 Listed on: 05/20/2025

Norluxe Realty Chattanooga llc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,637

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 217x200
  • Private Entrance
  • Partially Fenced Property
  • Chain Link Fence
  • Paved or Partially Paved Lot
  • Lot Sloped Up
  • Private Yard
  • Back and Front Yard

Parking

  • Driveway

Schools

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

Additional Features

  • Skyline Views
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 117k A 008.01

Community Details

Overview

  • No Home Owners Association

Recreation

  • Outdoor Storage

Property Details

Property Type

Land

Est. Annual Taxes

$2,637

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 1.2
  • Lot Size: 217x200
  • Road Frontage Type: City Street, Interstate Access Within 5 Miles
  • Road Surface Type: Asphalt
  • Inclusions: Out building, appliances, riding lawnmower.
  • Subdivision Name: None
  • Directions: From downtown take 27 North to Runyan Dr. Turn right onto Runyan Drive, the destination will be on the right.
  • Location Tax and Legal Parcel Number2: 117k A 008.01
  • Location Tax and Legal Elementary School: Red Bank 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: 2637.41
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Lot Size Acres: 1.2
  • General Property Information Lot Size Square Feet2: 52272.0
  • General Property Information Lot Size Dimensions: 217x200
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: No
  • Other Structures:Storage3: Yes
  • Utilities:Electricity Available: Yes
  • Water Source:Public: Yes
  • General Property Information Senior Community YN2: No
  • Sewer:Public Sewer: Yes
  • General Property Information Flood Zone YN2: No
  • Utilities:Water Available: Yes
  • Fencing:Partial2: Yes
  • Utilities:Sewer Available: Yes
  • Location Tax and Legal Zoning2: R-1
  • Location Tax and Legal Zoning Description2: Single-Family Residential District
  • Fencing:Chain Link: Yes
  • Exterior Features Driveway2: Yes
  • General Property Information Number Of Lots2: 1.0
  • View Skyline: Yes
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Development, Multi-Family, Residential, Subdivision
  • Community Features:None4: Yes

Exterior Features

  • Fencing: Chain Link, Partial
  • Lot Features: Back Yard, Front Yard, Near Public Transit, Paved, Rolling Slope, Sloped Up, Views
  • View: Skyline
  • View: Yes
  • Waterfront: No
  • Disclosures: None
  • Exterior Features: Private Entrance, Private Yard, Driveway
  • Other Structures: Storage
  • Exterior Features:Private Yard: Yes
  • Lot Features:Back Yard2: Yes
  • Lot Features:Front Yard2: Yes
  • Lot Features:Views: Yes
  • Lot Features:Near Public Transit: Yes
  • Exterior Features:Private Entrance: Yes
  • Lot Features:Paved: Yes
  • Lot Features:Sloped Up: Yes
  • Lot Features:Rolling Slope: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 52272.0
  • Number Of Lots: 1
  • Additional Parcels: No
  • Parcel #: 117k A 008.01
  • Zoning Description: Single-Family Residential District
  • Zoning: R-1

Tax Info

  • Tax Annual Amount: 2637.41

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

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 $1,315 $58,775 $0 $0
2023 $1,315 $58,775 $0 $0
2022 $1,315 $58,775 $0 $0
2021 $1,315 $58,775 $0 $0
2020 $1,235 $44,675 $0 $0
2019 $1,235 $44,675 $0 $0
2018 $1,144 $44,675 $0 $0
2017 $1,235 $44,675 $0 $0
2016 $1,141 $0 $0 $0
2015 $2,210 $41,275 $0 $0
2014 $2,210 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $479,898 -11.1% --
05/20/2025 05/20/25 For Sale $539,900 +80.0% --
04/22/2022 04/22/22 Sold $300,000 0.0% $114 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $300,000 -- $114 / Sq Ft
Source: Greater Chattanooga REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Ensign Title & Escrow Inc
Deed $18,000 --
Source: Public Records

Source: Greater Chattanooga REALTORS®

MLS Number: 1513181

Greater Chattanooga REALTORS®

APN: 117K-A-008.01