5126 Ooltewah Ringgold Road, Ooltewah, TN 37363 (MLS# 1350767)

5126 Ooltewah Ringgold Road, Ooltewah, TN 37363

$800,000
Property Type: Land Lot Size (sq. ft.): 228,253 Status: Closed
Current Price: $800,000 List Date: 3/02/2022 Last Modified: 9/09/2024

Overview

Description

Development opportunity in the heart of old town Ooltewah/Collegedale! 5.24 Flat Acres with 387 feet of road frontage on Ooltewah Ringgold Rd. 2 parcels away from Ooltewah Middle and Wolftever Elementary. Could easily be rezoned for an estimated 14 single family homes or estimated 24 townhomes, used as commercial, or multi-family. Property has a 2300 square foot 3 bed 2 bath home plus a 4 car garage with 1150 square foot 4 bed 1 bath apartment above it and in ground pool. Home and apartment are currently lived in, however, extensive remodeling is needed on the exterior and interior. No value given to home. There is a creek along the right side of the property, however, not in a flood zone/no flood insurance needed. Great Pocket neighborhood or townhome/duplex community possibilities here

Supplements: with easy access to I75, VW, Amazon, Little Debbie, and everything Ooltewah! The need for housing is imminent, take advantage of this opportunity today! Additional Acreage available from neighboring parcels for sale.

Listing Details MLS# 1350767

General Property Information

Lot Size Acres
5.24
Lot Size Square Feet
228253
Lot Size Dimensions
5.24 acre
Association YN
No
Senior Community YN
No
View YN
Yes
Waterfront YN
No
Flood Zone YN
No
List Price/Acre
167748.09
Sold Price/Acre
152671.76

Property Features

Exterior Features: Driveway Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Irregular Lot; Level; Partially Cleared; Will Not Divide Other Structures: Residence Possession: Close Of Escrow 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 View: Creek/Stream Water Source: Public Lock Box Type: None

Contract Information

Listing Contract Date
2022-03-02
Auction YN
No
Property Sub Type
Unimproved Land
Office Exclusive
No

Location Tax and Legal

Street Number
5126
Street Name
Ooltewah Ringgold
Street Suffix
Road
County
Hamilton
State
TN
Postal Code
37363
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
Development opportunity in the heart of old town Ooltewah/Collegedale! 5.24 Flat Acres with 387 feet of road frontage on Ooltewah Ringgold Rd. 2 parcels away from Ooltewah Middle and Wolftever Elementary. Could easily be rezoned for an estimated 14 single family homes or estimated 24 townhomes, used as commercial, or multi-family. Property has a 2300 square foot 3 bed 2 bath home plus a 4 car garage with 1150 square foot 4 bed 1 bath apartment above it and in ground pool. Home and apartment are currently lived in, however, extensive remodeling is needed on the exterior and interior. No value given to home. There is a creek along the right side of the property, however, not in a flood zone/no flood insurance needed. Great Pocket neighborhood or townhome/duplex community possibilities here
Directions
I-75 North, right on Exit 11, Right on Lee Hwy. Right on Ooltewah Ringgold Rd. Cross rail road property on the left

Status Change Information

Major Change Timestamp
2022-09-08T19:04:52Z
Major Change Type
Status Change
Status Change Timestamp
2022-09-08
Under Contract Date
2022-03-18
Close Date
2022-09-08
Close Price
800000

More Information

License Number Info

Listing Agent’s State of Licensure
TN
Listing Agent’s License Number
340235
Listing Office’s State of Licensure
TN
Listing Office’s License Number
261885

Historical Information

Public Historical Remarks 1
Community Features: 4 car garage, In Ground Pool. Lot Description: Adjacent to Railroad. Owner Pays: Will Not Divide.

Location, Tax, and Legal

Parcel Number
141 005
Elementary School
Wolftever Elementary
Middle Or Junior School
Ooltewah Middle
High School
Ooltewah
Tax Annual Amount
2584.17
Tax Legal Description
PT NW 1/4 SEC 21 TWP 4 R 2
Deed Book
6829
Deed Page
179

Exterior Features

Driveway
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Lot Features

Irregular Lot
Yes
Level
Yes
Partially Cleared
Yes
Will Not Divide
Yes

Other Structures

Residence
Yes

Possession

Close Of Escrow
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

View

Creek/Stream
Yes

Water Source

Public
Yes

Lock Box Type

None
Yes
Listing Office: RE/MAX Properties
Last Updated: September - 09 - 2024
Information deemed reliable but not guaranteed.