5 Bedroom Homes for Sale in Chattanooga, TN

5 Bedroom Homes for Sale in Chattanooga, TN April 15, 2024
35
Listed
83
Avg. DOM
$229.78
Avg. $ / Sq.Ft.
$748,000
Med. List Price
35 Properties
Page 1 of 3

What Makes Chattanooga, TN, a Prime Location for Home Buyers?

Chattanooga, Tennessee, often referred to as the "Scenic City," offers an unparalleled mix of natural beauty, vibrant culture, and booming economic growth, making it a prime location for home buyers. Nestled along the Tennessee River and surrounded by the majestic Appalachian Mountains, Chattanooga provides a picturesque setting for those looking to settle down. The city's robust job market, fueled by sectors such as manufacturing, healthcare, and technology, has attracted a diverse workforce. Additionally, Chattanooga is known for its Gig City status, boasting some of the fastest internet speeds in the nation, which appeals to remote workers and tech-savvy individuals.

Chattanooga 5 bedrooms Home

Community vibes in Chattanooga are as warm as its Southern climate, with a population that's both welcoming and diverse. The city's growth isn't just in numbers; it's in the quality of life. With a variety of outdoor activities, from hiking and mountain biking to rowing and rock climbing, there's always something to do. Cultural enthusiasts will appreciate the thriving arts scene, live music, and annual festivals. Chattanooga's cost of living remains below the national average, making it an attractive option for families, young professionals, and retirees alike.

Unpacking the Market: Trends in 5 Bedroom Homes Sales

Recent Sales Trends

In recent years, Chattanooga's real estate market has seen a significant uptick in demand for 5-bedroom homes. This surge is partly due to growing families and the trend towards remote work, requiring more space for home offices. The average sales price for a 5-bedroom home in Chattanooga currently ranges between $350,000 to $600,000, a figure that reflects the broad spectrum of options, from historic homes in St. Elmo to new constructions in Ooltewah. Homes on the market don't last long, with an average time of just 30 to 45 days before going under contract.

Market Comparison

When compared to other housing segments, 5-bedroom homes in Chattanooga offer substantial value, especially when considering square footage and lot size. For instance, the price per square foot often averages around $120 to $150, significantly lower than in larger metropolitan areas. These homes typically feature lot sizes ranging from 0.25 to over 1 acre, providing ample outdoor space for families. The market for 5-bedroom homes is competitive, with buyers appreciating the blend of urban accessibility and suburban comfort that Chattanooga offers.

A Look at Prices: How Much Does a 5 Bedroom Home Cost in Chattanooga?

When diving into the Chattanooga housing market, the price range for 5-bedroom homes can vary widely based on several factors, including location, age, and property condition. On average, families can expect to find 5-bedroom homes ranging from $350,000 in more accessible areas to upwards of $600,000 in more sought-after neighborhoods. For those looking for luxury or homes with significant land, prices can escalate to over $1 million, particularly in prestigious areas like Signal Mountain or North Chattanooga.

Chattanooga 5 bedrooms Homes

Several factors influence these prices, such as proximity to downtown, views of the Tennessee River or surrounding mountains, and the availability of modern amenities. Homes in the higher price brackets often come with luxury finishes, state-of-the-art appliances, and expansive outdoor living spaces. Despite these higher-end offerings, Chattanooga continues to present more affordable options compared to larger cities, making it an attractive market for a wide range of buyers.

Diving Into Details: The Architecture and Design of Chattanooga’s 5 Bedroom Homes

Architectural Styles and Designs

Chattanooga's 5-bedroom homes showcase a rich diversity in architectural styles, reflecting the city's historical depth and contemporary growth. Buyers can find everything from charming Craftsman bungalows with their detailed woodwork and cozy front porches to sleek, modern constructions featuring clean lines and open-concept designs. Victorian-era homes are treasured in neighborhoods like St. Elmo, where intricate facades and historical details are lovingly preserved.

Construction Materials and Year of Construction

The materials and construction era of these homes add to their character and appeal. Many older homes, built in the early to mid-20th century, feature classic brick or wood siding, while newer constructions often incorporate vinyl siding or stone accents for durability and aesthetic appeal. The average age of 5-bedroom homes in Chattanooga spans from historic properties over a century old to brand-new constructions in developing neighborhoods. This variety ensures that there's something for every taste, whether you're drawn to the charm of yesteryears or the comfort of modern living.

Common upgrades in these spacious homes include gourmet kitchens with granite countertops, hardwood floors throughout, and master suites with walk-in closets and luxury bathrooms. Amenities like in-ground pools, outdoor kitchens, and smart home technology are increasingly common, offering an enhanced living experience.

Space and Beyond: Average Square Footage and Property Sizes

When it comes to finding the perfect 5-bedroom home in Chattanooga, space is a significant factor. On average, these homes offer generous living spaces, typically ranging from 2,500 to 4,500 square feet. This size accommodates not just the bedrooms but also multiple living areas, spacious kitchens, and additional rooms that can serve as home offices or entertainment spaces. Lot sizes for these homes are equally impressive, often spanning from 0.25 acres in more urban settings to over an acre in suburban and rural areas. This outdoor space is perfect for families looking for room to play, entertain, or simply enjoy the beauty of their surroundings.

Chattanooga TN 5 bedrooms Homes

Tax Talk: Understanding County Tax Implications for Large Homes

Understanding county tax implications is crucial when considering the purchase of a 5-bedroom home in Chattanooga. Property taxes in Chattanooga and the surrounding Hamilton County are based on the property's assessed value, which is approximately 25% of its appraised value for residential properties. The current property tax rate in Chattanooga is about $2.277 per $100 of assessed value, with variations depending on specific areas and school zones. For a 5-bedroom home valued at $500,000, the annual property tax could be estimated around $2,850. However, it's important to note that tax rates can fluctuate, and other factors such as homestead exemptions can impact the final amount. Prospective buyers should consult with local tax authorities or a real estate professional to get a clear understanding of the tax implications of their potential new home.

Neighborhoods to Note: Where to Find 5 Bedroom Homes in Chattanooga

In Chattanooga, several neighborhoods stand out for their selection of 5-bedroom homes, each offering unique amenities and lifestyles. Signal Mountain is known for its stunning views and upscale homes, often with large lots and privacy. Here, families enjoy a close-knit community with top-rated schools. East Brainerd offers a more suburban feel, with newer constructions and convenient access to shopping and dining. Ooltewah is another area where spacious homes on sizable lots are common, attracting those looking for a blend of rural and suburban living. These neighborhoods provide a range of options for families looking for space, comfort, and community.

Upgrades and Amenities: What Sets These Homes Apart?

Chattanooga's 5-bedroom homes are notable not just for their size but also for their range of upgrades and amenities that cater to modern living. Kitchens often feature high-end appliances, granite countertops, and ample storage, making them a chef’s dream. Hardwood floors, crown molding, and fireplaces add charm and elegance to living spaces. Outdoors, it's common to find large decks, patios, or screened porches that extend the living space and offer a seamless transition to the beauty of the surrounding nature. For the ultimate in luxury, some homes boast in-ground pools, outdoor kitchens, and even private docks on the Tennessee River. Smart home technology is increasingly standard, offering convenience and efficiency. These features not only enhance daily living but also add significant value to the homes.

Schools and Education: The Best Districts for Families

For families moving to Chattanooga, the quality of education is often a top priority. Chattanooga and the surrounding Hamilton County boast several highly rated school districts, making it an attractive destination for families. Signal Mountain, for example, is served by Signal Mountain Middle/High School, known for its strong academic programs and extracurricular activities. In East Brainerd, Westview Elementary and East Hamilton Middle-High School are celebrated for their innovative teaching methods and community involvement. Ooltewah's schools, such as Ooltewah High, offer excellent educational opportunities with a focus on science and technology. These areas not only provide beautiful 5-bedroom homes but also ensure that educational needs are met, supporting a well-rounded upbringing for children.

Beyond the Home: Community Features and Lifestyle

Living in Chattanooga means more than just enjoying a spacious home; it's about embracing a lifestyle enriched by community and nature. Chattanooga offers an array of parks, hiking trails, and river activities, promoting an active and outdoor lifestyle. The Tennessee Riverwalk and Coolidge Park are perfect for family outings, while the Lookout Mountain Incline Railway offers breathtaking views. Cultural amenities like the Tennessee Aquarium, Hunter Museum of American Art, and vibrant local music scenes add layers of entertainment and enrichment. Community events, farmer’s markets, and festivals throughout the year foster a strong sense of community. Chattanooga combines the benefits of city living with the charm and comfort of Southern hospitality, making it a perfect place to call home.

In summary, Chattanooga, TN, offers an inviting market for those seeking 5-bedroom homes, with a range of prices, styles, and community features to suit diverse preferences and needs. From the architectural charm of its properties to the rich educational and cultural offerings, Chattanooga is a city that caters to families, professionals, and anyone in between looking for space and quality of life. Whether you're drawn to the historic neighborhoods with their timeless elegance or the modern developments offering the latest in home technology, Chattanooga's housing market is robust and welcoming. Coupled with the natural beauty, economic growth, and vibrant community life, Chattanooga stands out as a prime location for finding your dream home.