Have you dreamed of owning a short-term rental, but haven't known where to start? Maybe you need a separate mother-in-law suite or art studio? Or are you an investor looking to add a unique property to your portfolio? 1294 Highway 157 on Lookout Mountain is exactly what you've been waiting for. Located a few blocks from the Lula Lake Land Trust, the main home features 2 bedrooms & 1 1/2 baths. From the covered front porch, you'll enter into a sunny living room, complete with gorgeous hardwood floors and a stone fireplace. An additional room on the 1st floor could function as a guest room, play room or office. The upstairs suite has been thoughtfully designed with a large walk-in closet, unique hardwood floors & vaulted ceilings. The modern farmhouse style guest home currently functions as an Airbnb, and will bring in nearly $30,000 in 2022 alone. This guest home is a fully equipped studio apartment with a full-sized kitchen, a breakfast bar, closet and bath. Both homes have lovely back patios, perfect for enjoying a cup of coffee and watching the mountain wildlife. This property is also zoned for the award winning Fairyland Elementary School. The opportunities are limitless with this one-of-a-kind property. *Bedroom, bathroom & square footage listed include the guest home.*
Sold for $345,000 on 10/21/22
$345,000
1294 Highway 157, Lookout Mountain, GA 30750
3beds
1,946sqft
Single Family Residence
Built in 1964
0.71 Acres Lot
$373,600 Zestimate®
$177/sqft
$2,244 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 14, 2024 at 12:41am
Listed by:
Doug Lawrence 423-802-2014,
Berkshire Hathaway HomeServices J Douglas Properties
Bought with:
Doug Lawrence, 290184
Berkshire Hathaway HomeServices J Douglas Properties
Source: Greater Chattanooga Realtors,MLS#: 1363422
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
Primary bedroom
- Level: Second
Bedroom
- Level: First
Bedroom
- Level: First
Bedroom
- Level: First
Bedroom
- Level: First
Dining room
- Level: First
Dining room
- Level: First
Living room
- Level: First
Living room
- Level: First
Other
- Description: In-Law Suite: Level: First
Other
- Description: In-Law Suite: Level: First
Heating
- Central, Natural Gas
Cooling
- Central Air, Electric, Multi Units
Appliances
- Included: Washer, Refrigerator, Microwave, Gas Water Heater, Gas Range, Dryer, Dishwasher
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
Features
- En Suite, In-Law Floorplan, Separate Dining Room, Tub/shower Combo
- Flooring: Carpet, Hardwood, Tile, Other
- Windows: Vinyl Frames
- Basement: Crawl Space
- Has fireplace: Yes
- Fireplace features: Gas Log, Living Room
Interior area
- Total structure area: 1,946
- Total interior livable area: 1,946 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: One and One Half
- Patio & porch: Deck, Patio, Porch, Porch - Covered
- Fencing: Fenced
Lot
- Size: 0.71 Acres
- Dimensions: 237 x 123
- Features: Level
Details
- Additional structures: Guest House
- Parcel number: 0011 110
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Fiber Cement, Stone, Other
- Foundation: Brick/Mortar, Stone
- Roof: Shingle
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Phone Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Lookout Mountain
- Subdivision: Reo
Other
Other facts
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan,Owner May Carry
Services availability

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