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For sale
  • $450,000

    471 Grayson Way, Signal Mountain, TN 37377

    6beds
    2,250sqft
    : 
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    Farm
    Built in 1994
    1.77 Acres Lot
    $424,500 Zestimate®
    $200/sqft
    $-- HOA

    What's special

    Fully renovated
    This is a high-yield, utility-ready portfolio designed for the sophisticated mobile home investor. Situated in the sought-after Signal Mountain market, this offering consists of three distinct parcels, each providing independent infrastructure that drastically reduces the barrier to entry and ongoing overhead. Unlike typical park deals, this property offers the autonomy of individual land ownership with the scalability of a multi-unit operation. The first parcel features a 3-bedroom, 2-bathroom double-wide that is fully renovated and ready for immediate tenant placement. The second parcel contains a 3-bedroom, 1-bathroom single-wide, also in rent-ready condition. Both existing units have been professionally detitled, streamlining the path for conventional financing or a clean future exit. The third parcel is a prepared, vacant lot that serves as the immediate value-add play. It is already equipped with its own dedicated power pole, water connection, and septic system. This allows an investor to move a third unit onto the site and achieve a 100 percent occupancy rate without the typical delays associated with permitting and utility installation. The strategic layout of separate utilities for every lot ensures simplified management and clear cost allocation. With all units currently vacant, the buyer can set market-rate rents from day one in a location known for high demand and limited inventory. This is a rare, plug-and-play assembly of assets that balances immediate cash flow with significant equity upside.
    120 days
    |
    618
    |
    9
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tag Thompson 678-371-1724,

    Oak and Willows Real Estate Collective PLLC 423-218-2212

    Source: Greater Chattanooga Realtors,MLS#: 1529702

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Other
      Cooling
      • See Remarks
      Features
      • Flooring: Other
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 2,250
      • Total interior livable area: 2,250 sqft
      • Finished area above ground: 2,250

      Property

      Parking
      • Total spaces: 3
      • Parking features: Other
      • Attached garage spaces: 2
      • Carport spaces: 1
      • Covered spaces: 3
      Features
      • Exterior features: Other
      • Fencing: Other
      Lot
      • Size: 1.77 Acres
      • Dimensions: 145 x 181
      • Features: Other
      Details
      • Additional parcels included: 092 071.03, and 092 071.11 included in the sale
      • Parcel number: 092 07112 000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Farm
      Materials
      • Other
      • Foundation: See Remarks
      Condition
      • New construction: No
      • Year built: 1994

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Water Connected

      Community & HOA

      Community
      • Features: Other
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Signal Mountain

      Financial & listing details

      • Price per square foot: $200/sqft
      • Tax assessed value: $40,600
      • Annual tax amount: $186
      • Date on market: 3/4/2026
      • Listing terms: Cash,Conventional

        Estimated market value

        $424,500

        $403,000 - $446,000

        $2,691/mo

        Price history

        DateEventPrice
        3/4/2026Listed for sale$450,000$200/sqft
        Source: Greater Chattanooga Realtors #1529702 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$186 $10,150
        2024$186 $10,150
        2023$186 -2.5%$10,150 +29.7%
        2022$191 $7,825
        2021$191 $7,825
        2020$191 $7,825
        2019$191 -49.8%$7,825 -49.8%
        2018$381 0%$15,600
        2017$381 +0.3%$15,600 +5.6%
        2016$380 +2.2%$14,775 +2.1%
        2015$372 $14,475
        2014$372 $14,475
        2013-- $14,475 +0.2%
        2011$309 -7.1%$14,450 -11.3%
        2010$333 $16,300
        2009$333 $16,300
        2008$333 +10.9%$16,300 +15.8%
        2007$300 $14,075
        2006$300 $14,075
        2005$300 -21.4%$14,075
        2004$381 +4.5%$14,075 +2.6%
        2003$365 $13,725 +0%
        2001-- $13,720 -75%
        2000-- $54,878

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.

        Climate risks

        Neighborhood: Lone Oak

        Getting around

        7 / 100
        Car-Dependent
        7 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Griffith Elementary School
        • Middle: Sequatchie Middle
        • High: Sequatchie 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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