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1622 Waterhouse Street, Chattanooga, TN 37412

$169,000
: 3
BD
: 2
BA
: 1,392
SqFt

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List Price: $169,000
Status: ACTIVE
MLS#: 1544035
Subtype: Residential
Year Built: 1977
Bedrooms: 3
Bathrooms: 2
Full Baths: 1
Half Baths: 1
Living Area: 1,392
Lot Size: 20,908
Acres: 0.48

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Property Description

RARE INVESTMENT OPPORTUNITY -- SELLER ACCEPTING ALL OFFERS NOW! Bring your vision and take advantage of an opportunity to purchase a home well below online estimated values. Zillow currently estimates the property at approximately $246,400, while another automated valuation reflects approximately $250,000. Property is priced to reflect its current condition and needed repairs. The home sits on a large, level, fenced yard in a super-convenient location just minutes from I-75, shopping and restaurants. Features include an attached carport, large covered front porch, screened back porch, open floor plan and wood-burning fireplace. The property needs renovation before it reaches its full potential. Seller has obtained an approximately $45,000 contractor quote from Eric Walters Construction to complete identified work, including: • Ceiling repairs in three rooms • Electrical work in the kitchen and main living room • New flooring throughout • Interior painting throughout • Kitchen renovation/upgrades • Light exterior cleanup and improvements The property is currently occupied, and the occupants are preparing to relocate out of town. Seller is motivated, ready to move and considering ALL OFFERS NOW. Qualified buyers may also be eligible for a 1% incentive when financing through preferred lender HomeRate Mortgage, subject to lender guidelines, loan qualification and applicable program terms. Investor, renovation or value-add opportunity -- bring your offer! Contact the listing Realtor for property details, contractor information, showing instructions and financing options. Buyer to verify square footage, school zones, property condition, repair estimates and all information deemed important to the purchase.

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Additional Information

Interior Features: Ceiling Fan(s), Tub/shower Combo, Separate Dining Room
Exterior Features: Awning(s), Rain Gutters
Taxes: $1,754
Appliances: Dishwasher, Electric Range
Heating: Central, Electric
Air Conditioning: Central Air, Electric
Exterior Features: Brick
Stories: 2
Levels: Two
Roof: Shingle
Foundation: Concrete Perimeter
Pool Type: None
Parking Features: Driveway, Gravel
Elementary School: Spring Creek Elementary
Middle School: East Ridge Middle
High School: East Ridge High