For sale

$1,500,000

1500 Mississippi Ave, Chattanooga, TN 37405

3beds

1,945sqft

$8,269/mo

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Single Family Residence

Built in 1955

0.26 Acres Lot

$1,394,400 Zestimate^®

$771/sqft

$-- HOA

What's special

Wonderful opportunity to build your own custom home in the North Chattanooga neighborhood of Fairhills. The house is being presented as a tear-down and is to be sold in as-is condition. THE VALUE IS IN THE LAND.

27 days

1,334

41

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Level: First

Bedroom

Level: First

Bedroom

Level: First

Primary bathroom

Level: First

Bathroom

Level: First

Other

Level: First

Den

Level: First

Kitchen

Level: First

Laundry

Level: First

Living room

Level: First

Heating

Central, Natural Gas

Cooling

Central Air, Electric

Appliances

Included: Built-In Gas Range, Built-In Electric Oven, Dishwasher, Exhaust Fan, Electric Water Heater
Laundry: Electric Dryer Hookup, Laundry Room, Washer Hookup

Features

Bar, Bookcases, Ceiling Fan(s), Crown Molding, Eat-in Kitchen, Granite Counters, Natural Woodwork, Tub/shower Combo
Flooring: Carpet, Hardwood
Windows: Double Pane Windows, Vinyl Frames
Basement: Unfinished
Number of fireplaces: 2
Fireplace features: Den, Outside

Interior area

Total structure area: 1,945
Total interior livable area: 1,945 sqft
Finished area above ground: 1,945
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Concrete, Driveway
Carport spaces: 1

Features

Levels: One
Stories: 1
Patio & porch: Front Porch, Patio
Exterior features: Rain Gutters
Spa features: None
Fencing: Back Yard,Fenced

Lot

Size: 0.26 Acres
Dimensions: 95 x 120
Features: Back Yard, Corner Lot, Few Trees, Front Yard, Gentle Sloping, Level, Near Golf Course, Rectangular Lot

Details

Additional structures: None
Parcel number: 136h K 002
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Block, HardiPlank Type
Foundation: Block
Roof: Asphalt

Condition

New construction: No
Year built: 1955

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Community & HOA

Community

Features: None
Security: Smoke Detector(s)
Subdivision: Fair Hills

HOA

Has HOA: No

Location

Region: Chattanooga

Financial & listing details

Price per square foot: $771/sqft
Tax assessed value: $493,900
Annual tax amount: $4,255
Date on market: 6/29/2026
Listing terms: Cash
Road surface type: Asphalt

Estimated market value

$1,394,400

$1.32M - $1.46M

$2,501/mo

Price history

Date	Event	Price
6/29/2026	Listed for sale	$1,500,000+400%$771/sqft
Source: Greater Chattanooga Realtors #1537701 Report a problem
2/21/2013	Sold	$300,000-18.5%$154/sqft
Source: Greater Chattanooga Realtors #1185750 Report a problem
1/5/2013	Pending sale	$368,000$189/sqft
Source: Crye-Leike #1185750 Report a problem
10/21/2012	Listed for sale	$368,000$189/sqft
Source: Crye-Leike #1185750 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,872 -23.6%	$123,475 +12.7%
2024	$2,451	$109,550
2023	$2,451	$109,550
2022	$2,451	$109,550
2021	$2,451 -0.4%	$109,550 +23.1%
2020	$2,462	$89,025 -17%
2019	$2,462 -17%	$107,250
2018	$2,966 -46.4%	$107,250
2017	$5,534 +35.1%	$107,250
2016	$4,096	--
2015	$4,096	$78,450
2014	$4,096 +15.5%	--
2013	$3,546	$78,450 +12.3%
2012	$3,546	$69,875
2011	$3,546	$69,875
2010	$3,546 +7.9%	$69,875
2009	$3,287	$69,875 +27.9%
2008	--	$54,625
2007	--	$54,625
2006	--	$54,625
2005	--	$54,625 +20.1%
2004	--	$45,475
2003	--	$45,475
2002	--	$45,475
2001	--	$45,475 +53.4%
2000	--	$29,650

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: North Chattanooga

Getting around

51 / 100

Somewhat Walkable

26 / 100

Some Transit

25 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

8/10
Normal Park Museum Magnet School
Grades: PK-8Distance: 1 mi
5/10
Red Bank High School
Grades: 9-12Distance: 4.1 mi

Schools provided by the listing agent

Elementary: Normal Park Elementary
Middle: Normal Park Upper
High: Red Bank High School

Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.