A Signal Mountain home with more than 10,000 square feet, an outdoor swimming pool, a pond, barn and 16 acres of land is up for auction Saturday.
"It's a great spacious home, outside the city limits of both Signal Mountain and Walden, and it's only 15 minutes from downtown Chattanooga," said Henry Glascock, the real estate broker who will auction the property at 11 a.m. on Saturday morning. "The sellers have bought another house and are ready to move on and are highly motivated so there is a great opportunity here. This is ideal for anybody who enjoys the out of doors or wants a large home with a horse barn, pond and pool."
The 5-bedroom, 7-bath home at 3405 Anderson Pike was built in 1995, according to the Hamilton County Assessor's office, and was acquired by Gao Ying in 2009 for $1.45 million. The current owners listed the property last year for nearly $1.4 million but failed to find a buyer.
With the variety of lakefront, mountain brow, downtown and farmland properties available in and around Chattanooga, there are a wide array of million-dollar homes on the market in Chattanooga. Sales of million-dollar-plus homes in Chattanooga, once fairly rare, are becoming more common as home values and incomes rise.
The multiple listing service of the Chattanooga Realtors Association currently lists 57 homes priced at $1 million or more in price. In the past 12 months, 41 homes or condominiums have sold for $1 million or more through the Chattanooga MLS.
Contact Dave Flessner at email@example.com or at 757-6340.