Homebuyers who can spend $500,000 in Hamilton County are generally going to get more for their money than a three-bedroom, two-bath rancher in a 50-year-old subdivision.
A cool half-million dollars, for example, can buy quick access to downtown Chattanooga, the Tennessee River as a back-door neighbor, a lake dwelling with a place to park a boat or executive living in one of the area's most prestigious subdivisions. At roughly four times the median price of all houses sold in the Chattanooga last month, 21 houses in Hamilton County are available.
Earlier this week, a Times Free Press reporter, accompanied by Realtor Steven Sharpe of Keller Williams Realty, visited four of those houses. One lists for exactly $500,000, one is $100 dollars less at $499,900 and two are $1,000 less at $499,000. They range from two to five bedrooms and one to five baths, and they run from 1,092 to 5,459 square feet. The oldest was built in 1930 and the newest in 1991. One is in Chattanooga, and three are in unincorporated parts of Hamilton County.
Descriptions of each house are based on the tour and comparisons available from Multiple Listing Service information. Also included are comments by Sharpe (who is not the listing agent for any of the properties).