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 $225,000-300,000 depending on renovation level. Last year, the most renovated homes sold for well over $100 per square foot.THE HOME:This is the kind of home you find once in a lifetime and never leave. It's the kind of place where you can sink your roots for good, raise little ones, and enjoy with the grandkids 25 years later. Vast rooms, generous transitions and lofty 12 ft ceilings frame a spacious and inviting open floor plan alight with cheery sunshine. Brimming with historic charm, glowing heart pine floors, elaborate and unpainted original woodwork, double 8 ft pocket doors, and antique lighting.Classic brick architecture, brand new windows and a 50 yr roof ensure an incredibly low maintenance exterior, rock solid structure, and phenomenal insulation. Professionally updated plumbing, electric and HVAC also promise long-life.Fenced and gated, the lush, level grounds stretch for almost 3/4 acres creating an oasis in the midst of downtown and a private mini-estate!Endless outdoor opportunities: classic front porch with stunning views to Lookout Mountain, huge screened-in patio off kitchen with space for hot tub, romantic gazebo, and double car garage. There is not another home in all downtown like this one - schedule a private viewing while the opportunity lasts!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
