Lot/land

$550,000

497 Wayne Ave Lot 1, Chattanooga, TN 37405

--beds

--baths

7,500Square Feet

Unimproved Land

Built in ----

7,500 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

This is a rare opportunity for North Chattanooga land. These lots are only minutes to Downtown Chattanooga and have view of Signal and Raccoon Mountain. There are a total of 4 lots that are available for purchase. These lots have not been subdivided you so it is a perfect opportunity to get the exact lot that you want or for a small development opportunity.

126 days

5

1

Facts & features

Property

Features

Has view: Yes

Lot

Size: 7,500 Square Feet
Dimensions: 50 x 150
Features: Rectangular Lot, Sloped, See Remarks, Views, Wooded

Details

Additional structures: None
Additional parcels included: There are a total of 4 lots available that are joined
Parcel number: 126o F 005
Zoning: R-1
Zoning description: Single-Family Residential District

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Phone Available, Water Available

Community & HOA

Community

Subdivision: Valhambrosia

HOA

Has HOA: No

Location

Region: Chattanooga

Financial & listing details

Annual tax amount: $897
Date on market: 3/22/2026
Listing terms: Cash,Conventional,FHA,VA Loan
Road surface type: Asphalt, Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
3/22/2026	Listed for sale	$550,000
Source: Greater Chattanooga Realtors #1530898 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

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.

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Climate risks

Neighborhood: 37405

Getting around

8 / 100

Car-Dependent

12 / 100

Minimal Transit

16 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Red Bank Elementary School
Grades: PK-5Distance: 2.8 mi
5/10
Red Bank Middle School
Grades: 6-8Distance: 3.6 mi
5/10
Red Bank High School
Grades: 9-12Distance: 3.7 mi

Schools provided by the listing agent

Elementary: Red Bank Elementary
Middle: Red Bank Middle
High: Red Bank High School

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