Serious investment potential here! Either to build equity while enjoying the mountain life, or as a rental property/whether short or long term! With Covenant College only 10-15 minutes away, this could be a major money maker as a student rental property! Lots of improvements made, but still some work to do. But there's so much potential! There are also multiple storage buildings. Come visit and see for yourself!
For sale
$275,000
5031 Highway 157, Rising Fawn, GA 30738
4beds
3,318sqft
Est.:
Single Family Residence
Built in 1977
1.13 Acres Lot
$-- Zestimate®
$83/sqft
$-- HOA
What's special
- 19 hours |
- 151 |
- 11 |
Zillow last checked: 8 hours ago
Listing updated: February 06, 2026 at 10:12am
Listed by:
Rodney G Cook 423-304-2116,
Nu Vision Realty
Source: Greater Chattanooga Realtors,MLS#: 1528076
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Level: First
Bedroom
- Level: First
Bedroom
- Level: Second
Bedroom
- Level: Second
Bathroom
- Level: First
Bathroom
- Level: Second
Bathroom
- Level: Second
Other
- Level: First
Bonus room
- Level: First
Dining room
- Level: First
Family room
- Level: Second
Kitchen
- Level: First
Laundry
- Level: First
Living room
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Water Heater
- Laundry: Laundry Room, Main Level
Features
- Ceiling Fan(s), Eat-in Kitchen, Pantry, Tub/shower Combo, Separate Dining Room
- Flooring: Carpet, Engineered Hardwood
- Windows: Vinyl Frames, Window Coverings
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 3,318
- Total interior livable area: 3,318 sqft
- Finished area above ground: 3,318
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Patio, Porch, Porch - Covered
- Exterior features: Outdoor Grill, Rain Gutters, Storage
- Spa features: None
Lot
- Size: 1.13 Acres
- Dimensions: 115 x 430
- Features: Level, Rural
Details
- Additional structures: Outbuilding
- Parcel number: 0009 006
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stone, Wood Siding
- Foundation: Stone
- Roof: Shingle
Condition
- Fixer,Updated/Remodeled
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Phone Available, Propane, Sewer Not Available, Water Connected
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Rising Fawn
Financial & listing details
- Price per square foot: $83/sqft
- Tax assessed value: $284,127
- Annual tax amount: $2,308
- Date on market: 2/6/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,807/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/6/2026 | Listed for sale | $275,000-1.8%$83/sqft |
Source: Greater Chattanooga Realtors #1528076 Report a problem | ||
| 1/1/2026 | Listing removed | $279,900$84/sqft |
Source: Greater Chattanooga Realtors #1517173 Report a problem | ||
| 10/27/2025 | Price change | $279,900-3.4%$84/sqft |
Source: Greater Chattanooga Realtors #1517173 Report a problem | ||
| 9/4/2025 | Price change | $289,900-3.3%$87/sqft |
Source: Greater Chattanooga Realtors #1517173 Report a problem | ||
| 8/7/2025 | Price change | $299,900-3.3%$90/sqft |
Source: Greater Chattanooga Realtors #1517173 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,629 +3.7% | $113,651 +6.4% |
| 2023 | $2,534 +41.3% | $106,837 +20.5% |
| 2022 | $1,793 -11.4% | $88,680 +23.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,592/mo
Principal & interest
$1315
Property taxes
$181
Home insurance
$96
Climate risks
Neighborhood: 30738
Nearby schools
GreatSchools rating
- 9/10Fairyland Elementary SchoolGrades: PK-5Distance: 7.8 mi
- 4/10Chattanooga Valley Middle SchoolGrades: 6-8Distance: 5.1 mi
- 5/10Ridgeland High SchoolGrades: 9-12Distance: 7.6 mi
Schools provided by the listing agent
- Elementary: Fairyland Elementary School
- Middle: Chattanooga Valley Middle
- High: Ridgeland 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.
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