38 Clift Trail
About This Property
Much of the early work is already done. The large trees have been cleared, opening the view, and site work is underway: the driveway has been started, the top of the lot has been graded, and a ground study has been completed. A city water line runs from the top of the ridge down between this lot and its neighbor, so a key piece of the build is already in place.
At approximately 0.59 acres, the lot is rectangular and sloped, fronting a concrete street among established single-family homes. Zoning is R-1 single-family residential, and there is no HOA, so the builder, the plans, and the style are yours to choose.
The slope works in your favor. Set the main living level high to take in the full sweep of the valley, and tuck a walk-out lower level into the grade beneath it. Think of a wall of glass across the great room, a primary suite that wakes up to the ridgeline, and a deep covered porch where the day ends with the city lights coming on below.
The property sits outside a designated flood zone, and at this price more of your budget can go where it matters most: the house, the glass, and the view.
Stand at the top of the lot and take in the view for yourself. Private showings are available by appointment.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Listed by Greater Downtown Realty dba Keller Williams Realty | $40,000 | |
| Listed by Greater Downtown Realty dba Keller Williams Realty | |||
| Jan 23, 2025 | Listed | $80,000 | |
| Listed | |||
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Welcome to 38 Clift Trail, an extraordinary opportunity to create your dream new construction home surrounded by the stunning panoramic views of downtown Rossville and Chattanooga! Imagine waking up to breathtaking sunrises and winding down with picturesque sunsets, all from the comfort of your own sanctuary. This prime location not only offers a visual feast but also ensures a seamless lifestyle with convenient access to major routes like 75-S, and nearby attractions, including the vibrant downtown Chattanooga and charming St. Elmo. Let your agent expert guide you through this journey, helping you realize your vision of homeownership in this idyllic setting. Embrace the beauty and convenience of life at 38 Clift Trail, where every day feels like a getaway!
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| Dec 12, 2023 | No longer available | - | |
| No longer available | |||
| Dec 15, 2022 | Listed by Keller Williams Realty | $1,200,000 | |
| Listed by Keller Williams Realty | |||
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Luxury new construction with incredible scenic view near Missionary Ridge in Rossville, GA. With 5 bedrooms and 5 full baths spread out over 3,300 square feet of living space, this three-level home features a striking modern exterior with abundant natural light. Entertain outdoors on one of two rooftop terraces overlooking the panoramic views of the Chattanooga valley, downtown, and surrounding mountains. Centrally located just a few minutes drive from downtown Chattanooga and East Brainerd shopping, dining, and entertainment. Currently under construction with an estimated completion date of Fall/Winter 2023. Call today for more information. The manager has listed the unit size as 3300 square feet.
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| Aug 13, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017