A rare opportunity has arrived to own a brand-new detached home in one of Chattanooga's most exciting new communities for just $192,500.
Construction has just begun on this thoughtfully designed home in Somerville Cottages, creating a unique opportunity for buyers to get in early and make it their own. With an estimated completion timeline of approximately four months, there is still time to select colors, finishes, and personal touches that will help transform this new construction home into your home.
In a market where brand-new detached homes at this price point are nearly impossible to find, opportunities like this are exceptionally rare. Not only is this a brand-new home, but it also offers something existing homes simply cannot: the peace of mind that comes with new construction. No aging roof to replace. No surprise HVAC expenses. No deferred maintenance projects waiting around the corner. Just the confidence of owning a new home backed by a builder warranty and designed for years of worry-free living.
Every home in Somerville Cottages is thoughtfully crafted with modern design and quality finishes, including quartz countertops, 9-foot ceilings, abundant natural light, and open-concept floor plans that maximize both comfort and functionality.
Whether you're a first-time buyer, downsizing, or simply looking for exceptional value in a growing area of Chattanooga, this home presents an opportunity that is becoming nearly impossible to find in Chattanooga. The ability to purchase during construction and personalize selections only adds to the appeal.
Located in rapidly growing South Chattanooga, residents enjoy convenient access to downtown, Main Street, St. Elmo, Broad Street, Publix, the Riverwalk, and the new Erlanger Stadium. Restaurants, shopping, outdoor recreation, and some of the city's most exciting developments are all just minutes away. The demand for new construction at this price point continues to be incredibly strong. In fact, the neighboring home went under contract in less than three days. If you've been waiting for an opportunity to own a brand-new detached home with modern finishes, builder-backed peace of mind, and the ability to personalize your selections, this is one you won't want to miss.
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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.
See how much you could borrow to make a competitive offer.
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.