3329 Center St · Chattanooga, TN 37419

$274,900

3 bd · 2.0 ba · 1,250 sqft · SingleFamily public records · 147 Days on market

Built 1951 0.33 ac lot Est $248k · 11% over

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• Livability +3.9/5.0
• 1% rule +2.9/10.0
• Schools +2.7/10.0
• ARV discount +2.5/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

For Sale in Lookout Valley! Step into this beautifully built home that blends modern style with everyday convenience. Inside and out, this property has been thoughtfully updated, offering peace of mind. Enjoy brand-new floors, sleek countertops, updated windows, a new roof, fresh paint, and modern appliances--all designed to create a bright, welcoming space. This is more than just a house--it's a turn-key home waiting for its next chapter. Great Investment in central and convenient location! * * * TENANTS RIGHTS IN PLACE. Occupied and 24 hr Notice for Showings, Please Do Not Disturb Tenants.

Key facts

• 0.33 acre lot
• Built 1951
• Listed 147 days

Property features AI

Finance

• Other: Lot approximately 0.33 acres (80 x 177); Living area approximately 1,250 (assessor); Energy-efficient windows
• HOA & community: Park; Playground

Exterior

• Parking: Detached parking; Driveway; Gravel parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity available; Water available
• Home design: Residential property; Three or more levels; New construction
• Construction: Vinyl siding; Other exterior materials; Asphalt roof; Block foundation; Newly built
• Exterior features: Deck; Level, cleared lot; Located on a cul-de-sac

Interior

• Kitchen: Stainless steel appliances; Oven; Refrigerator; Microwave; Electric range; ENERGY STAR qualified appliances; Dishwasher
• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Central electric cooling
• Interior features: Ceiling fans; Open floor plan; Walk-in closets; Master bathroom suite; Smoke detector(s)
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $78 ($934/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $216k (21.3% below list).
• Recommended offer: $216k (21.3% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.4% in Chattanooga — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#3 in TN, #2,582 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D+, crime F.
• Hamilton County (urban): math 31% / reading 31% proficiency, ranked #42 of 139 in TN (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lookout Valley Elementary (math 47% / reading 32%, grade F, #231 of 952 statewide, top 26%, 268 students, 0% FRL); Lookout Valley Middle / High School (math 8% / reading 22%, grade F, #237 of 332 statewide, top 75%, 318 students, 0% FRL) — zoned schools average 0% FRL vs 52% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 163 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,133 units permitted in Hamilton County in 2024 (405 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Hamilton County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $239k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; extreme-heat days projected 8→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $216,375 (21.3% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.21%
• DSCR: 1.05
• GRM: 10.6

CMA / ARV

• ARV (on-the-fly): $247,500
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
126 Fern Ave	0.24mi	2/1.0 (-1)	1,164 (-7%)	12mo	$239,000	$205	58
228 S Moss Ave	0.73mi	2/1.0 (-1)	1,123 (-10%)	12mo	$135,000	$120	30
343 Isbill Rd	0.61mi	3/1.0	1,064 (-15%)	24mo	$198,000	$186	23
361 David St	0.71mi	4/2.0 (+1)	1,408 (+13%)	24mo	$278,500	$198	21

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.4%
• Equity multiple: 0.48×
• Total profit: $-39,722
• Equity at exit: $40,988

10-year hold

• IRR: -5.8%
• Equity multiple: 0.63×
• Total profit: $-28,745
• Equity at exit: $23,768

Cash invested: $76,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37419

• Home prices YoY: -28.9%
• Active inventory: 163
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,164 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$75 /mo · $905/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $78

Break-even live

Break-even rent $2,065

Max offer price $274,900

Occupancy floor 91%

Sensitivity live

Price	-10% $233	-5% $156	+0% $78	+5% $0	+10% $-78
Rent	-10% $-93	-5% $-8	+0% $78	+5% $163	+10% $249
Rate	-1.0pp $216	-0.5pp $148	base $78	+0.5pp $7	+1.0pp $-66

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $68,725
• Closing costs: $8,247
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3830 Kellys Ferry Rd Chattanooga, TN	3.0	1.5	1320	$1,995	$1.51	14d	1	0.65mi
3384 Willow Lake Cir Chattanooga, TN	3.0	2.0	1868	$3,000	$1.61	14d	1	0.80mi
3217 Plaza Cir Chattanooga, TN	3.0	2.0	1667	$1,923	$1.15	14d	1	1.20mi
4162 Tillie Cir Chattanooga, TN	2.0	2.5	1127	$1,699	$1.51	14d	1	1.37mi
4158 Tillie Cir Chattanooga, TN	3.0	3.5	1463	$2,149	$1.47	14d	1	1.37mi
4154 Tillie Cir Chattanooga, TN	3.0	3.5	1530	$2,050	$1.34	14d	1	1.37mi
244 Asbury Oak Ln Chattanooga, TN	3.0	3.5	1463	$2,299	$1.57	14d	1	1.38mi

Listing history 50 events

1. 2026-06-18
   days on market $274,900 Active 147 DOM
2. 2026-06-17
   days on market $274,900 Active 146 DOM
3. 2026-06-16
   days on market $274,900 Active 145 DOM
4. 2026-06-15
   days on market $274,900 Active 144 DOM
5. 2026-06-14
   remarks 611-char remark
6. 2026-06-14
   pricedays on market $274,900 Active 142 DOM
7. 2026-06-10
   days on market $285,000 Active 139 DOM
8. 2026-06-09
   days on market $285,000 Active 138 DOM
9. 2026-06-08
   days on market $285,000 Active 137 DOM
10. 2026-06-07
    days on market $285,000 Active 136 DOM
11. 2026-06-05
    days on market $285,000 Active 133 DOM
12. 2026-06-03
    days on market $285,000 Active 132 DOM
13. 2026-06-02
    days on market $285,000 Active 131 DOM
14. 2026-06-01
    days on market $285,000 Active 130 DOM
15. 2026-05-31
    days on market $285,000 Active 129 DOM
16. 2026-05-30
    days on market $285,000 Active 128 DOM
17. 2026-01-22
    listed $285,000 Active 602-char remark

    Show marketing remark (602 chars)

    For Sale in Lookout Valley! Step into this beautifully built home that blends modern style with everyday convenience. Inside and out, this property has been thoughtfully updated, offering peace of mind. Enjoy brand-new floors, sleek countertops, updated windows, a new roof, fresh paint, and modern appliances--all designed to create a bright, welcoming space. This is more than just a house--it's a turn-key home waiting for its next chapter. Great Investment in central and convenient location! * * * TENANTS RIGHTS IN PLACE. Occupied and 24 hr Notice for Showings, Please Do Not Disturb Tenants.

18. 2026-01-22
    listed $285,000 Active

    Show marketing remark (602 chars)

    For Sale in Lookout Valley! Step into this beautifully built home that blends modern style with everyday convenience. Inside and out, this property has been thoughtfully updated, offering peace of mind. Enjoy brand-new floors, sleek countertops, updated windows, a new roof, fresh paint, and modern appliances--all designed to create a bright, welcoming space. This is more than just a house--it's a turn-key home waiting for its next chapter. Great Investment in central and convenient location! * * * TENANTS RIGHTS IN PLACE. Occupied and 24 hr Notice for Showings, Please Do Not Disturb Tenants.

19. 2026-01-12
    historical $285,000 602-char remark

    Show marketing remark (602 chars)

    For Sale in Lookout Valley! Step into this beautifully built home that blends modern style with everyday convenience. Inside and out, this property has been thoughtfully updated, offering peace of mind. Enjoy brand-new floors, sleek countertops, updated windows, a new roof, fresh paint, and modern appliances--all designed to create a bright, welcoming space. This is more than just a house--it's a turn-key home waiting for its next chapter. Great Investment in central and convenient location! * * * TENANTS RIGHTS IN PLACE. Occupied and 24 hr Notice for Showings, Please Do Not Disturb Tenants.

20. 2026-01-12
    historical $285,000

    Show marketing remark (602 chars)

    For Sale in Lookout Valley! Step into this beautifully built home that blends modern style with everyday convenience. Inside and out, this property has been thoughtfully updated, offering peace of mind. Enjoy brand-new floors, sleek countertops, updated windows, a new roof, fresh paint, and modern appliances--all designed to create a bright, welcoming space. This is more than just a house--it's a turn-key home waiting for its next chapter. Great Investment in central and convenient location! * * * TENANTS RIGHTS IN PLACE. Occupied and 24 hr Notice for Showings, Please Do Not Disturb Tenants.

21. 2025-11-19
    historical $1,700
22. 2025-11-11
    historical
23. 2025-11-02
    price $265,000
24. 2025-11-02
    price $265,000
25. 2025-10-29
    listed $1,700
26. 2025-10-28
    price $267,500
27. 2025-10-28
    price $267,500
28. 2025-10-14
    status Active
29. 2025-10-10
    historical $1,800
30. 2025-10-10
    historical
31. 2025-09-27
    price $270,000
32. 2025-09-27
    price $270,000
33. 2025-09-08
    listed $1,800
34. 2025-09-08
    price $275,000
35. 2025-09-08
    price $275,000
36. 2025-08-25
    price $279,000
37. 2025-08-25
    price $279,000
38. 2025-08-09
    listed $289,000 Active
39. 2024-10-24
    historical $1,800
40. 2024-10-17
    listed $1,800
41. 2024-10-17
    historical $1,800
42. 2024-09-12
    price $1,800
43. 2024-09-07
    price $1,850
44. 2024-08-16
    listed $1,950
45. 2024-05-31
    historical $1,800
46. 2024-05-24
    price $1,800
47. 2024-05-12
    price $1,850
48. 2024-05-12
    price $275,000
49. 2024-05-03
    listed $1,900
50. 2024-05-02
    price $280,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $905 · $75/mo
• Projected year-2 tax: $1,952 · $163/mo
• Expected delta: +$1,047/yr (+$87/mo · 115.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 8 d/yr ≥105°F today · 23 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,965
• − Mortgage interest: −$15,399
• − Property taxes: −$905
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,077
• − Management: −$2,077
• − Depreciation: −$7,997
• Taxable loss: −$3,865
• Est. tax savings @ 24.0%: +$927
• After-tax cash flow: $1,861/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hamilton County
• NCES district ID: 4701590
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 31% ▼ -3.00%
• Median HH income: $47,456
• Composite: 26.8/100
• National rank: #7122
• State rank: #42 of 139 in TN

Livability — Chattanooga

• Score: 78/100
• State rank: #3
• US rank: #2582

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety A User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Chattanooga, TN
• City population: 131,999
• Population (ZIP): 6,288

Population outlook (Hamilton County) Hauer SSP2

• Today (2025): 393,784 people
• By 2030: 412,983 · +4.9%
• By 2040: 449,502 · +14.1%
• By 2050: 484,341 · +23.0%
• By 2075: 565,746 · +43.7%
• By 2100: 618,394 · +57.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Asian 5% Black 2%
• Common ancestry: Slovak 5% Serbian 3% Iranian 2%
• Foreign-born: 5% · China, Vietnam, South Korea
• Languages at home: 95% English-only · Vietnamese 2% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Hamilton

• 2024 margin: R (+13.1) · D 42.7% · R 55.7% · Other 1.6%
• 2008→2024 swing: -1.2pp toward R · 2008: -11.8pp · 2024: -13.1pp
• All cycles: 2024: R+13.1 2020: R+9.7 2016: R+16.6 2012: R+14.8 2008: R+11.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.36%
• Current HPI: 258.6585
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+185.0% since first listed

48 events — show timeline

• 2026-01-22 Listed $285,000 GCAR
• 2026-01-22 Listed $285,000 REALTRACS as Distributed by MLS Grid
• 2026-01-12 Coming Soon $285,000 GCAR
• 2026-01-12 Coming Soon $285,000 REALTRACS as Distributed by MLS Grid
• 2025-11-19 Rental Removed $1,700 GCAR
• 2025-11-11 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2025-11-02 Price Changed $265,000 REALTRACS as Distributed by MLS Grid
• 2025-11-02 Price Changed $265,000 GCAR
• 2025-10-29 Listed for Rent $1,700 GCAR
• 2025-10-28 Price Changed $267,500 GCAR
• 2025-10-28 Price Changed $267,500 REALTRACS as Distributed by MLS Grid
• 2025-10-14 Relisted — REALTRACS as Distributed by MLS Grid
• 2025-10-10 Rental Removed $1,800 REALTRACS
• 2025-10-10 Listing Removed — REALTRACS as Distributed by MLS Grid
• 2025-09-27 Price Changed $270,000 GCAR
• 2025-09-27 Price Changed $270,000 REALTRACS as Distributed by MLS Grid
• 2025-09-08 Listed for Rent $1,800 REALTRACS
• 2025-09-08 Price Changed $275,000 REALTRACS as Distributed by MLS Grid
• 2025-09-08 Price Changed $275,000 GCAR
• 2025-08-25 Price Changed $279,000 GCAR
• 2025-08-25 Price Changed $279,000 REALTRACS as Distributed by MLS Grid
• 2025-08-09 Listed $289,000 REALTRACS as Distributed by MLS Grid
• 2024-10-24 Rental Removed $1,800 REALTRACS
• 2024-10-17 Listed for Rent $1,800 REALTRACS
• 2024-10-17 Rental Removed $1,800 GCAR
• 2024-09-12 Price Changed $1,800 GCAR
• 2024-09-07 Price Changed $1,850 GCAR
• 2024-08-16 Listed for Rent $1,950 GCAR
• 2024-05-31 Rental Removed $1,800 GCAR
• 2024-05-24 Price Changed $1,800 GCAR
• 2024-05-12 Price Changed $1,850 GCAR
• 2024-05-12 Price Changed $275,000 GCAR
• 2024-05-03 Listed for Rent $1,900 GCAR
• 2024-05-02 Price Changed $280,000 GCAR
• 2024-04-15 Listing Removed — Knoxville MLS
• 2024-04-08 Price Changed $304,900 GCAR
• 2024-04-08 Price Changed $304,900 Knoxville MLS
• 2024-04-06 Price Changed $314,900 GCAR
• 2024-04-06 Price Changed $314,900 Knoxville MLS
• 2024-03-26 Price Changed $319,900 GCAR
• 2024-03-25 Price Changed $319,900 Knoxville MLS
• 2024-03-22 Listed $324,900 Knoxville MLS
• 2023-12-05 Sold (Public Records) $239,000 Public Records
• 2023-12-01 Sold (MLS) $239,000 GCAR
• 2023-11-11 Contingent — GCAR
• 2023-11-05 Listed $229,900 GCAR
• 2023-06-08 Price Changed $125,000 GCAR
• 2023-03-17 Sold (Public Records) $100,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $905 · +9.2% YoY. Source: county tax records.