7531 Pinewood Drive, Chattanooga, TN 37421 (MLS# 1329477)

7531 Pinewood Drive, Chattanooga, TN 37421

$2,900,000
Property Type: Land Lot Size (sq. ft.): 805,860 Status: Closed
Current Price: $2,900,000 List Date: 1/13/2021 Last Modified: 1/18/2025

Overview

Description

18.5 acres located less than a mile from Hamilton Place Mall. All utilities are available at the property including sewer. The property is currently zoned R-1 but adjoins R-3 and R-T1 zoned properties. This location is perfect for a new residential community.

Listing Details MLS# 1329477

General Property Information

Lot Size Acres
18.5
Lot Size Square Feet
805860
Lot Size Dimensions
1030X200
Association YN
No
Senior Community YN
No
View YN
No
Waterfront YN
No
Flood Zone YN
No
List Price/Acre
156756.76
Sold Price/Acre
156756.76

Property Features

Listing Terms: Cash; Conventional; Owner May Carry Lot Features: Irregular Lot; Level; Will Not Divide; Wooded Other Structures: None Possession: Close Of Escrow Possible Use: Single Family Road Frontage Type: City Street Road Surface Type: Paved Utilities: Electricity Available; Natural Gas Available Lock Box Type: None

Contract Information

Listing Contract Date
2021-01-12
Auction YN
No
Property Sub Type
Unimproved Land
Office Exclusive
No

Location Tax and Legal

Street Number
7531
Street Name
Pinewood
Street Suffix
Drive
County
Hamilton
State
TN
Postal Code
37421
Subdivision Name
Varnell Farms

Remarks and Miscellaneous

Public Remarks
18.5 acres located less than a mile from Hamilton Place Mall. All utilities are available at the property including sewer. The property is currently zoned R-1 but adjoins R-3 and R-T1 zoned properties. This location is perfect for a new residential community.
Directions
From downtown Chattanooga, take I-24 E then merge on to I-75 N. Take Shallowford Road E exit (exit 5) toward Ouleard/Hamilton Place. Merge on to Shallowford Rd and take a left on to Gunbarrel Rd. Turn right on to Pinewood Dr, destination is on the left.

Status Change Information

Major Change Timestamp
2025-01-18T23:33:38Z
Major Change Type
Status Change
Status Change Timestamp
2025-01-18
Under Contract Date
2021-01-26
Close Date
2022-03-07
Close Price
2900000

More Information

License Number Info

Listing Agent’s State of Licensure
TN
Listing Agent’s License Number
290289
Listing Office’s State of Licensure
TN
Listing Office’s License Number
263538

Historical Information

Public Historical Remarks 1
Owner Pays: Will Not Divide.

Location, Tax, and Legal

Parcel Number
149c A 009
Elementary School
Bess T. Shepherd Elementary
Middle Or Junior School
Ooltewah Middle
High School
Ooltewah
Tax Annual Amount
3998.46
Tax Legal Description
NW 1/4 SEC 1 TWP 2 R3
Deed Book
822
Deed Page
689
Additional Parcels YN
No
Zoning
R-1
Zoning Description
Single-Family Residential District

Listing Terms

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Lot Features

Irregular Lot
Yes
Level
Yes
Will Not Divide
Yes
Wooded
Yes

Other Structures

None
Yes

Possession

Close Of Escrow
Yes

Possible Use

Single Family
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Utilities

Electricity Available
Yes
Natural Gas Available
Yes

Lock Box Type

None
Yes
Listing Office: Merchant Real Estate Group
Last Updated: January - 18 - 2025
Information deemed reliable but not guaranteed.