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Hamilton 37363 Collegedale
9400 Somerset Drive
Photo of 9400 Somerset Drive

16

Map

Photo of 9400 Somerset Drive
Photo of 9400 Somerset Drive
$55,000
● Land - For Sale

9400 Somerset Drive

Ooltewah, TN 37363
bedrooms
Studio
bathrooms
0 Bath
$285
Est. Monthly

About This Property

This beautiful 1.20-acre lot is the perfect canvas for a new construction home or smart investment opportunity. Tucked into a quiet, established neighborhood in Ooltewah, the property features an abundance of mature trees, serene views overlooking a large pond, and a gently sloping topography--all zoned R-2 with utilities available at the street. (Please note: the property offers views of the pond only and does not include pond access.) Centrally located between Ooltewah and East Brainerd, you're just a quick drive from grocery stores, restaurants, local shops, major retailers, and schools.
Unit Size
-
Days on Market
131 days
Land Size
1.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
$14
HOA Dues
-
Year Built
-

Listed By

Asher Black
Asher Black
[email protected]
Keller Williams Realty

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 months ago (Realtracs #RTC3245761)

Price History

Date / Event Date Event Price
Jun 18, 2026 Listed by Greater Downtown Realty dba Keller Williams Realty $55,000
Listed by Greater Downtown Realty dba Keller Williams Realty
Jan 2, 2022 No longer available -
No longer available
Jun 6, 2021 Listed by United Real Estate Experts $75,000
Listed by United Real Estate Experts
If you are looking for a subdivision but want privacy like you are in the country.... I have just the lot for you! This rare 1.2 acre property located in a well established neighborhood that is completely wooded is waiting for you. Hurry this lot won't last long.
Dec 4, 2019 No longer available -
No longer available
Sep 5, 2018 Listed $16,000
Listed
Building lot convenient to Hamilton Place, restaurants and Hospitals. Lot backs up to a man-made lake and has very attractive views.

Property Highlights

Exterior Details
Lot Features: Other
Lot Size Area: 1.2
Lot Size Units: Acres
Lot Size Acres: 1.2
Lot Size Square Feet: 52272
Lot Size Dimensions: 145X200.42
Water Source: Public
Financial Details
Tax Annual Amount: $172
Utilities Details
Sewer : None

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,450
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SOMERSET ESTATES
  • Land Acres: 0000001000
  • Standard Land Use Code: 8000
  • County Land Use Code: 910
  • Legal Description 1: LT 57,PT LTS 65 & 66 SOMERSET ESTAT ES UNIT 1 26-176

Neighborhood

  • School District Name: Hamilton County School District
  • Census Tract: 011314

Geography

  • Assessors Map Reference: MB 26 PG 176
  • District: 2
  • Parcel: 150J D 019
  • Lot: 57
  • Municipality: COUNTY SOUTH
  • Latitude: 35.031
  • Longitude: -85.0952

    Address

  • Full Address: 9400 Somerset Dr
  • Address - House Number: 9400
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Ooltewah
  • Carrier Code: R009
  • 4-Digit Zip Code: 8017
  • Zip Code: 37363

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,388

    Market Valuation

  • Market Total Value: $29,300
  • Market Land Value: $29,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $7,325

    Sales

  • Current Sale Contract Date: Nov 26, 2019
  • Current Sale Recording Date: Nov 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019112700035
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 Collegedale

Stats & Trends

Median Asking:

$480,000

Sale Price/ft²

$207

Below Asking

0.02%

Average Days on Market

89

Average Home Size

2352 ft²

Average Home Age

25.2 years

Currently For Sale

25 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

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Realtracs

Listed by: Asher Black, Greater Downtown Realty dba Keller Williams Realty
Last Updated: 5 months ago
Data Source: Realtracs, MLS# RTC3245761
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 9400 Somerset Drive built and last sold?
The property at 9400 Somerset Drive was built in and last sold on Nov 26, 2019 for $366,000.
How much is this home worth?
The estimated value of the home located at 9400 Somerset Drive is $55,550.
What are some comparable homes to 9400 Somerset Drive?
There are currently no comparable homes to 9400 Somerset Drive.
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