This property qualifies for a special Community Incentive loan: 100% Financing with NO PMI, NO up front fee, and NO income restrictions!! See attached loan sheet and/or call for details. THE COMMUNITY: Nestled in a pastoral valley at the foot of Lookout Mountain, St Elmo is Chattanooga's most popular historic neighborhood. Always abuzz with excitement and energy, St Elmo residents are a relaxed and friendly group. They are passionate about restoring their homes, preserving historic integrity, enjoying the neighborhood's quiet ambience and . . . hanging out on their gorgeous porches!! Over the last 2 years, values have remained stable, demand high, and time on market low at 81 days. The average home size is modest around 1500 sq ft. Larger homes are exceedingly rare and in high demand, selling for $250,000-300,000 depending on renovation level. Last year, the most renovated homes sold for well over $100 per square foot. THE HOME: At almost 2600 sq ft, this 2-story brick masterpiece is one of the most stunning family-size homes to hit the St Elmo market in years: Enormous, floor-to-ceiling windows and soaring 12' ceilings cast bright, sunny cheer throughout a fabulous open floor plan. Glowing wood floors, elaborate hand-carved mouldings, and stunning 8' pocket doors radiate historic elegance of the finest caliber. Sophisticated kitchen graced with custom cabinetry, extensive counters, glistening stainless appliances and Tuscan tile floor. Shaped like a hexagon, the romantic master suite offers a walk-in closet and sumptuous bath appointed with granite counters, clawfoot tub, and a separate shower.Professionally renovated with brand new 40 yr roof, brand new HVAC, 100% new electric and plumbing, and more! Other rare features include a fully-fenced, oversized corner lot, offstreet parking, vast poured concrete basement, and cavernous attic storage. Call today while this rare opportunity lasts!
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