1001 Reads Lake Road, Chattanooga, TN 37415 (MLS# 1280331)

1001 Reads Lake Road, Chattanooga, TN 37415

$1,525,000
Property Type: Land Lot Size (sq. ft.): 1,293,732 Status: Closed
Current Price: $1,525,000 List Date: 5/18/2018 Last Modified: 9/09/2024

Overview

Description

Developer's welcome. Property would make a great spot for a school, church, grand estate or potential development. The Quarry was previously a golf course off of Mountain Creek Rd at the foot of Signal Mountain. It has been divided, but listing currently includes the club house, 6 holes, ponds and 56 +/-acres. The clubhouse is currently being utilized by the owner for his technology oriented marketing business. Great investment or development potential. Additional storage buildings on property. Buyer to verify zoning for their purposes.

Listing Details MLS# 1280331

General Property Information

Lot Size Acres
29.7
Lot Size Square Feet
1293732
Lot Size Dimensions
56
Association YN
No
View YN
No
Waterfront YN
No
Flood Zone YN
Partial
List Price/Acre
51346.8
Sold Price/Acre
51346.8

Property Features

Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Irregular Lot; Level; Partially Cleared; Pond on Lot; Sloped; Will Not Divide; Wooded Other Structures: Storage Possession: Negotiable Possible Use: Commercial; Multi-Family; Single Family Road Frontage Type: City Street Road Surface Type: Paved Utilities: Cable Available; Electricity Available; Phone Available; Water Available Lock Box Type: None

Contract Information

Listing Contract Date
2018-04-25
Auction YN
No
Property Sub Type
Unimproved Land
Office Exclusive
No

Location Tax and Legal

Street Number
1001
Street Name
Reads Lake
Street Suffix
Road
County
Hamilton
State
TN
Postal Code
37415
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
Developer's welcome. Property would make a great spot for a school, church, grand estate or potential development. The Quarry was previously a golf course off of Mountain Creek Rd at the foot of Signal Mountain. It has been divided, but listing currently includes the club house, 6 holes, ponds and 56 +/-acres. The clubhouse is currently being utilized by the owner for his technology oriented marketing business. Great investment or development potential. Additional storage buildings on property. Buyer to verify zoning for their purposes.
Directions
Signal Mountain Blvd to Mountain Creek Rd. Straight at Morrison Springs thru intersection, Left on Reads Lake. Property is on left. Or 27 to Morrison Springs Rd Exit. Left towards Signal Mountain, Right on Mountain Creek Rd. Property is on the left.

Status Change Information

Major Change Timestamp
2018-05-18T17:33:08Z
Major Change Type
Status Change
Price Change Timestamp
2018-05-18T17:30:41Z
Status Change Timestamp
2018-05-18
Under Contract Date
2018-04-26
Close Date
2018-05-18
Close Price
1525000

More Information

License Number Info

Listing Agent’s State of Licensure
TN
Listing Agent’s License Number
255994
Listing Office’s State of Licensure
TN
Listing Office’s License Number
259794

Historical Information

Public Historical Remarks 1
Owner Pays: Will Not Divide. Structures: Cabin/Lodge.

Location, Tax, and Legal

Parcel Number
108d A 002
Elementary School
Red Bank Elementary
Middle Or Junior School
Red Bank Middle
High School
Red Bank High School
Tax Annual Amount
23748.76
Tax Legal Description
WEST OF MOUNTAIN CREEK RD
Deed Book
3750
Deed Page
55

Listing Terms

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Lot Features

Irregular Lot
Yes
Level
Yes
Partially Cleared
Yes
Pond on Lot
Yes
Sloped
Yes
Will Not Divide
Yes
Wooded
Yes

Other Structures

Storage
Yes

Possession

Negotiable
Yes

Possible Use

Commercial
Yes
Multi-Family
Yes
Single Family
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Phone Available
Yes
Water Available
Yes

Lock Box Type

None
Yes
Listing Office: Keller Williams Realty
Last Updated: September - 09 - 2024
Information deemed reliable but not guaranteed.