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Sold for $280,000
    • $280,000

    338 Martin Dr NW, Cleveland, TN 37311

    3beds
    2,418sqft
    Single Family Residence
    Built in 1965
    2.05 Acres Lot
    $280,000 Zestimate®
    $116/sqft
    $2,091 Estimated rent

    Home value

    $280,000

    $266,000 - $294,000

    $2,091/mo

    Zestimate® history
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    What's special

    Solid red brick homeFunctional layoutOriginal hardwood floorsEnclosed back porchWood-burning stoveFormal dining room
    INVESTOR OPPORTUNITY - SIX PARCELS INCLUDED Rare chance to acquire a value-add property with six parcels included, offering multiple exit strategies and future development potential. Whether your plan is renovation, resale, rental, or land development, this package delivers flexibility. The solid red brick home features original hardwood floors, a functional layout, and strong structural bones—ideal for a renovation project. Main level includes a living area, formal dining room, eat-in kitchen with laundry nook, and a bedroom with an en-suite bath. Upstairs (7 steps) are two additional bedrooms with a Jack-and-Jill bath. A large secondary dining or gathering space with a wood-burning stove provides added square footage and layout versatility. Additional features include an enclosed back porch, circular driveway with ample parking, and a sloped, wooded backyard offering privacy. Home is currently on well water; public water is available. Two electric water heaters service upper and lower levels. With five additional parcels included, this property presents strong upside for expansion, additional builds (buyer to verify zoning), or long-term hold. Ideal for investors seeking land, footprint growth, or redevelopment potential in a single acquisition.

    Zillow last checked:

    Listing updated:

    Listed by:

    Katrina Morrow 423-883-2417,

    Keller Williams Realty,

    Melissa Freeman Hill 423-883-3779,

    Keller Williams Realty

    Bought with:

    Jason Wright, 337236

    RE/MAX Experience

    Source: Greater Chattanooga Realtors,MLS#: 1528281

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Level: Second
    Bedroom
    • Level: First
    Bedroom
    • Level: Second
    Primary bathroom
    • Level: Second
    Bathroom
    • Level: First
    Bathroom
    • Level: Second
    Other
    • Level: First
    Dining room
    • Level: First
    Great room
    • Level: Basement
    Kitchen
    • Level: First
    Laundry
    • Level: First
    Living room
    • Level: First
    Heating
    • Central, Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric, Other
    Appliances
    • Included: Dishwasher, Electric Oven, Electric Range, Microwave, Water Heater
    • Laundry: Electric Dryer Hookup, In Kitchen, Lower Level, Washer Hookup
    Features
    • Ceiling Fan(s), Pantry, Tub/shower Combo, Breakfast Room, Separate Dining Room
    • Flooring: Hardwood, Linoleum, Vinyl
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Family Room, Wood Burning
    Interior area
    • Total structure area: 2,418
    • Total interior livable area: 2,418 sqft
    • Finished area above ground: 1,783
    • Finished area below ground: 635

    Property

    Parking
    • Parking features: Circular Driveway, Concrete, Driveway
    Features
    • Levels: Tri-Level
    • Stories: 3
    • Patio & porch: Front Porch, Rear Porch, Porch - Covered
    • Exterior features: None
    • Pool features: None
    • Spa features: None
    • Fencing: None
    Lot
    • Size: 2.05 Acres
    • Dimensions: 305 x 296
    • Features: Many Trees, Sloped
    Details
    • Additional structures: Outbuilding, Shed(s)
    • Additional parcels included: 049G A 006.00, 049G A 028.00, 049G A 008.00, 049G A 026.0, 049G A 027.00
    • Parcel number: 049g A 007.00
    • Other equipment: DC Well Pump

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick
    • Foundation: Block
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1965

    Utilities & green energy

    • Sewer: Other, See Remarks, Septic Tank
    • Water: See Remarks, Well
    • Utilities for property: Electricity Available, Electricity Connected, Water Available, Water Connected

    Community & HOA

    Community
    • Features: None
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $116/sqft
    • Tax assessed value: $270,800
    • Annual tax amount: $819
    • Date on market: 2/10/2026
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    5/30/2026Pending sale$324,900+16%$134/sqft
    Source: Greater Chattanooga Realtors #1528281 Report a problem
    5/26/2026Sold$280,000-13.8%$116/sqft
    Source: Greater Chattanooga Realtors #1528281 Report a problem
    4/24/2026Contingent$324,900$134/sqft
    Source: Greater Chattanooga Realtors #1528281 Report a problem
    4/8/2026Price change$324,900-5.8%$134/sqft
    Source: Greater Chattanooga Realtors #1528281 Report a problem
    2/10/2026Listed for sale$344,900-4.2%$143/sqft
    Source: Greater Chattanooga Realtors #1528281 Report a problem
    2/9/2026Listing removed$359,900$149/sqft
    Source: Greater Chattanooga Realtors #1518382 Report a problem
    9/30/2025Price change$359,900-5.3%$149/sqft
    Source: Greater Chattanooga Realtors #1518382 Report a problem
    8/16/2025Price change$379,900-3.8%$157/sqft
    Source: Greater Chattanooga Realtors #1518382 Report a problem
    8/8/2025Listed for sale$394,900$163/sqft
    Source: Greater Chattanooga Realtors #1518382 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $67,700 +54.3%
    2024$780 $43,875
    2023$780 $43,875
    2022$780 $43,875
    2021$780 +13.1%$43,875 +41.4%
    2019$689 +5.1%$31,025
    2018$656 +0%--
    2017$656 -0.5%--
    2016$659 --
    2015$659 +0.9%--
    2014$653 --
    2013-- --
    Find assessor info on the county website

    Neighborhood: 37311

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: North Lee Elementary
    • Middle: Ocoee Middle
    • High: Ocoee Middle/High

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

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    Estimated market value
    $280,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $280,000

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