by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Hamilton 37363 Ooltewah - Summit
7047 Luther Trail
Photo of 7047 Luther Trail
Sold on Jan 16, 2025

31

Map

Photo of 7047 Luther Trail
Photo of 7047 Luther Trail
$175,000
● House - Off Market

7047 Luther Trail

Ooltewah, TN 37363
bedrooms
1 Bed
bathrooms
1 Bath
square feet
640 Ft²
$892
Est. Monthly

About This Property

Welcome to this charming updated 1 bedroom, 1 bathroom house. Step inside to find a beautifully renovated interior with an open floor plan and modern finishes throughout. This property features a 15x8 insulated shed that is perfect for storage or as a workshop. This shed is equipped with air conditioning and electric, making it a versatile space for any hobbyist. Additionally, a new survey was completed in 11/2024, providing peace of mind for the new owner. Whether you are looking for a starter home, looking to downsize, or potential rental income, this could be the perfect house for you!
Unit Size
640 Ft²
Days on Market
-
Land Size
0.99 acres
Price per sqft
$273
Property Type
House
Property Taxes
$32
HOA Dues
-
Year Built
1983

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 months ago (Realtracs #RTC2779894)

Price History

Date / Event Date Event Price
Jan 16, 2025 Sold
Premium
Sold
Nov 23, 2024 Listed by eXp Realty, LLC $175,000
Listed by eXp Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 11
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 29
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 640
  • Building Area: 640
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 640
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAMPBELL R D PROPERT
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 111
  • Legal Description 1: PT LT 5 R D CAMPBELL PROPERTY N/R O UT OF 113I-B-6 FOR 1983

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011447

Geography

  • Account Number: 0000041317
  • District: 2
  • Parcel: 113I B 006.03
  • Lot: PT 5
  • Municipality: COUNTY SOUTH
  • Latitude: 35.1193
  • Longitude: -85.1073

    Address

  • Full Address: 7047 Luther Trl
  • Address - House Number: 7047
  • Address - Street Name: Luther
  • Address - Suffix Type: Trl
  • State: TN
  • City Name: Ooltewah
  • Carrier Code: R018
  • 4-Digit Zip Code: 4616
  • Zip Code: 37363

Valuation

    Tax

  • Total Area: 665
  • Tax Year: 2023
  • Tax Amount: $38,934

    Appraisal Valuation

  • Standard Deviation: 0.2478
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 65
  • Final Value: 146,170
  • High Value: 182,395
  • Low Value: 109,946

    Market Valuation

  • Market Total Value: $68,000
  • Market Land Value: $26,900
  • Market Improvement Value: $41,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 55
  • Previous Sale Recording Date: Oct 09, 2015
  • Previous Sale Contract Date: Sep 29, 2015
  • Previous Sale Amount: $28,000
  • Previous Sale Document Type: 68
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Ooltewah - Summit

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$205

Below Asking

0.02%

Average Days on Market

92

Average Home Size

3288 ft²

Average Home Age

22.7 years

Currently For Sale

72 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Darren Miller, eXp Realty, LLC
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC2779894
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 7047 Luther Trail built and last sold?
The property at 7047 Luther Trail was built in 1983 and last sold on Sep 1, 2022 for $150,000.
How much is this home worth?
The estimated value of the home located at 7047 Luther Trail is $176,750.
What are some comparable homes to 7047 Luther Trail?
There are currently no comparable homes to 7047 Luther Trail.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Hamilton Homes for Sale
Hamilton Houses for Sale
Hamilton Condos for Sale
Hamilton Townhouses for Sale
Hamilton Multifamily for Sale
Hamilton Land for Sale
Hamilton Commercial for Sale
Hamilton Homes with Basements
Nearby Cities
Chattanooga Homes for Sale
Cleveland Homes for Sale
Calhoun Homes for Sale
Dalton Homes for Sale
Athens Homes for Sale
East Ridge Homes for Sale
Lake Tansi Homes for Sale
Jasper Homes for Sale
Nearby Property Records
Hamilton County, TN Property Records
Sequatchie County, TN Property Records
Bradley County, TN Property Records
Catoosa County, GA Property Records
Dade County, GA Property Records
Marion County, TN Property Records
Whitfield County, GA Property Records
Bledsoe County, TN Property Records
Neighborhoods
Hickory Valley - Hamilton Place Real Estate
North Chattanooga - Hill City - UTC Real Estate
Westview - Mountain Shadows Real Estate
Riverview - Stuart Heights Real Estate
Downtown Chattanooga Real Estate
Brainerd Real Estate
Woodmore - Dalewood Real Estate
Dupont - Murray Hills Real Estate
Nearby Counties
Gilmer Homes for Sale
Bradley Homes for Sale
Gordon Homes for Sale
Whitfield Homes for Sale
Roane Homes for Sale
McMinn Homes for Sale
Walker Homes for Sale
Catoosa Homes for Sale
Top Real Estate Agents
Top Agents in Ooltewah - Summit
Top Agents in Hamilton
Top Agents in Chattanooga
Top Agents in Gilmer
Top Agents in Bradley
Top Agents in Gordon
Top Agents in 30540
Top Agents in Whitfield