Check Availability
$499,900
Land - For Sale

505 Forest Ave

Chattanooga, TN 37405
bedrooms
Studio
bathrooms
0 Bath
$2,595
Estimated Monthly
$0
HOA / Fees
1.31%
Cap Rate

About This Property

Build your DREAM HOME in the beautiful North Shore community! A short stroll to dining, parks, shopping, and a short drive to downtown Chattanooga, museums, and hospitals. Your dream home could feature views of Lookout Mountain along with breathtaking sunsets. This LOT is offered as an individual sale for $499,900 OR combined with 503 Forest. Combined price upon request.
Unit Size
-
Days on Market
103 days
Land Size
0.29 acres
Price per sqft
-
Property Type
Land
Property Taxes
$140
HOA Dues
-
Year Built
1973
Listed By
Joal Henke
Joal Henke
Keller Williams Realty
Last updated: 4 months ago (CARTN #1385389)

Price History

Date / Event Date Event Price
Jan 18, 2024 Listed by Keller Williams Realty Greater Downtown $499,900
Listed by Keller Williams Realty Greater Downtown
Dec 28, 2023 No longer available -
No longer available
Sep 22, 2023 Price Decreased $495,000
↓ $100K (16.8%)
Price Decreased
Jun 15, 2023 Listed by Keller Williams Realty Greater Downtown $595,000
Listed by Keller Williams Realty Greater Downtown
Build your DREAM HOME in the beautiful North Shore community! A short stroll to dining, parks, shopping, and a short drive to downtown Chattanooga, museums, and hospitals. Your dream home could feature views of Lookout Mountain along with breathtaking sunsets. This LOT is offered as an individual sale for $595,000 OR combined with 503 Forest. Combined price upon request.
May 5, 2023 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,300
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 615
  • Total Building Area: 984
  • Building Area: 984
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 984
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: FRAZIER & COLVILLES
  • Land Acres: 0.282
  • Legal Description 1: LT 14 PT 13 BLK A FRAZIER & COLVILL ES ADDN TO HILL CITY AMENDED PB4 PG 28

Ownership

  • Current Owner : LAPITZ LUIS
  • Previous Owner : CHAUDHARI RAMSIBHAI P
  • Previous Owner 2: CHAUDHARI ELLEN
  • Owner Before Previous Owner: JENKINS JAMES V
  • Owner Before Previous Owner 2: JENKINS MARGARET D

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 000600

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: MB 4 PG 28
  • District: 1
  • Parcel: 135D R 010
  • Block: A
  • Lot: 14PT13
  • Municipality: CHATTANOOGA
  • Latitude: 35.0668
  • Longitude: -85.306

    Address

  • Full Address: 505 Forest Ave
  • Address - House Number: 505
  • Address - Street Name: Forest
  • Address - Suffix Type: Ave
  • State: TN
  • City Name: Chattanooga
  • Carrier Code: C014
  • 4-Digit Zip Code: 3926
  • Zip Code: 37405

Valuation

    Tax

  • Total Area: 1,309
  • Tax Year: 2023
  • Tax Amount: $839

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,827,500
  • First Open Lien Mortgage Lender: FIRST-CITIZENS BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: May 02, 2022
  • First Open Lien Mortgage Loan Amount: $1,827,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $150,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $37,500

    Sales

  • Current Sale Contract Date: Apr 27, 2022
  • Current Sale Recording Date: May 02, 2022
  • Current Sale Transaction ID: 11886845702
  • Current Sale Price: $2,150,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 212
  • Previous Sale Recording Date: Mar 05, 2019
  • Previous Sale Contract Date: Mar 01, 2019
  • Previous Sale Amount: $256,000
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: FIRST-CITIZENS BANK & TRUST CO
  • First Mortgage Transaction Date: May 02, 2022
  • First Mortgage Loan Amount: $1,827,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: THE FIDELITY DEPOSIT & DISCOUN
  • Previous Mortgage Transaction Date: Mar 05, 2019
  • Previous Mortgage Loan Amount: $212,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: Mar 01, 2034

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
3 Beds
2.5 Baths
1,772 ft²
$276/ft²
$489,900 Jul 28, 2023
-
$1,260/mo
Condo
2 Beds
2 Baths
986 ft²
$492/ft²
$485,000 Sep 7, 2023
-
$635/mo
Townhouse
3 Beds
2.5 Baths
1,772 ft²
$276/ft²
$489,900 Jul 28, 2023
-
$1,260/mo
House
3 Beds
3.5 Baths
2,271 ft²
$225/ft²
$510,000 Nov 10, 2023
-
$313/mo
Townhouse
3 Beds
2.5 Baths
1,772 ft²
$276/ft²
$489,900 Jul 28, 2023
-
$1,260/mo
Condo
2 Beds
2 Baths
1,906 ft²
$246/ft²
$469,000 Dec 2, 2023
-
$563/mo
House
3 Beds
2.5 Baths
1,456 ft²
$319/ft²
$465,000 Jan 12, 2024
-
$362/mo
House
2 Beds
2 Baths
1,645 ft²
$322/ft²
$529,900 Feb 13, 2024
-
$259/mo
House
3 Beds
2 Baths
2,426 ft²
$226/ft²
$549,000 May 13, 2022
-
$251/mo
Condo
2 Beds
2 Baths
1,006 ft²
$442/ft²
$445,000 Jan 19, 2024
-
$568/mo
House
3 Beds
3 Baths
2,553 ft²
$219/ft²
$559,000 Oct 16, 2023
-
$259/mo
Condo
2 Beds
1 Bath
905 ft²
$486/ft²
$439,900 Feb 2, 2024
-
$608/mo

About North Chattanooga - Hill City - UTC


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Frequently Asked Questions

When was property at 505 Forest Avenue built and last sold?
The property at 505 Forest Avenue was built in 1973 and last sold on Apr 27, 2022 for $2,150,000.
How much is this home worth?
The estimated value of the home located at 505 Forest Avenue is $504,899.
What are some comparable homes to 505 Forest Avenue?
Homes that are comparable to 505 Forest Avenue include a townhouse property at 899 Cherokee Boulevard, a condo property at 129 Walnut Street, a house property at 212 Baker Street.

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