$500,000
$500,000
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15.1 Acres Lot
SOLD DATE : 12/14/2022
Key Details
Sold Price $500,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1360806
Sold Date 12/14/22
Lot Size 15.100 Acres
Acres 15.1
Lot Dimensions 1234 x 581
Property Sub-Type Unimproved Land
Source Greater Chattanooga REALTORS®
Property Description
A hidden jewel in one of Chattanooga's most desirable areas of Signal Mountain, TN, acreage like this is extremely rare and coveted, especially this private and protected. Just 20 minutes from downtown Chattanooga, the property is located behind award-winning Signal Mountain Middle/High School, near Nolan Elementary, and is bordered by the protected lands of the TN River Gorge Trust and state-owned Prentice Cooper State Forest. This is TRACT 5, a 15-acre lot that rests in Hamilton & Sequatchie on the southern section of The Shrubbery bordering the Tennessee River Gorge Trust (TRGT). The TRGT is a non-profit trust conservation group that is committed to educating and preserving areas along the TN River. The raw natural beauty of this exquisite land must be experienced to truly grasp its genuine tranquility. Building your dream home here would be idealistic for any outdoor enthusiast especially hikers, mountain bikers, horseback riders, sport/active dog owners, or just those that enjoy spreading out and enjoying the peace of nature. The Cumberland Trail and the TRGT are places that people come to enjoy beauty, adventure, and vigorous activities. Hike or ride to nearby popular attractions like Mushroom Rock, Rainbow Lake, the swinging bridge over Middle Creek Gorge, or the amazing views of the TN River Gorge from Julia Falls Overlook and Edwards Point. The Shrubbery offers beautiful, natural, and buildable lots where you can enjoy protected wonders by walking out the front door and letting the adventures start and end there. The development's community road is already laid with utilities soon to come. Combining multiple lots is an option to achieve Greenbelt status (15+ Acres) to save on taxes and give yourself even more privacy. Call listing agents for more information as the development is in the last stages of planning and development. Surveys, Boundaries, Protective Covenants, etc are subject to change, Buyer to verify any information that they deem important. Original List price of Lot 3 was was $273,000 for 9 Acres. Lot 3 & 5 were combined to create a new Lot 5 for a total of 15.1 Acres. Sold at $33,000/Acre for $500,000. Appraised at $33,000/Acre
Location
State TN
County Hamilton
Area 15.1
Exterior
Utilities Available Cable Available, Electricity Available, Phone Available, Water Available
Garage No
Building
Lot Description Irregular Lot, Level, Rural, Sloped, Wooded, State/Fed Owned Improved, Will Not Divide
Faces From Signal Mtn Blvd to the top of Signal Mtn, continue Left at red light on Signal Mtn Blvd.turn, Left on Timberlinks Dr, Left on Edwards Point Rd. for 2.5 miles, Right on Hassler Rd, bear Left to W. Hassler. Left on Baggett Trl. Entrance to property at the end of street.
Water Public
Additional Building None
Schools
Elementary Schools Nolan Elementary
Middle Schools Signal Mountain Middle
High Schools Signal Mtn
Others
Senior Community No
Tax ID 097 001
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
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