About This Home

This 3-bedroom, 2-bathroom single family at 1622 Waterhouse Street in Chattanooga, TN is listed for $159,999 ($115 per sqft). Built in 1977, the home offers 1,392 sqft of living space on a 0.48 acres lot.

Key Features

  • Built in 1977
  • 0.48 acre lot
  • 2 stories
  • Fireplace

Property Details

2 stories
1 full, 1 half
1977

Amenities

FireplaceA/C
Listing Description

RARE INVESTMENT OPPORTUNITY - MOTIVATED SELLER - ALL OFFERS CONSIDERED! BUY BELOW ESTIMATED MARKET VALUE! Online automated valuations suggest approximately $246,000-$250,000, but this property is priced to reflect its current condition and renovation needs.

A fantastic opportunity for investors, renovators, or buyers looking to build equity! LARGE LEVEL FENCED YARD - COVERED FRONT PORCH - SCREENED BACK PORCH - ATTACHED CARPORT! Conveniently located minutes from I-75, shopping, dining, and everyday amenities.

Inside, enjoy an open floor plan and wood-burning fireplace with plenty of potential to make this home your own! RENOVATION OPPORTUNITY! Seller has obtained an approximately $45,000 contractor estimate covering ceiling repairs in three rooms, electrical improvements, new flooring, interior painting, kitchen updates, and light exterior improvements.

Contractor estimate available upon request. Actual costs and scope subject to buyer verification. SELLER IS MOTIVATED AND READY TO MAKE A DEAL! Property is currently occupied, with occupants preparing to relocate. Seller is actively reviewing ALL OFFERS!

SPECIAL FINANCING INCENTIVE! Qualified buyers may be eligible for a lender credit of up to 1% of the loan amount toward allowable closing costs and/or an interest-rate buydown, subject to lender approval and program guidelines. Ask your agent for details!

INVEST - RENOVATE - BUILD EQUITY! Bring your vision and your offer! Contact your Realtor for showing instructions and additional property details. Buyer to verify square footage, schools, property condition, renovation costs, financing eligibility, and all information deemed important.

Monthly Cost Estimate

$856/mo

20% down · 6.5% · 30 years

Principal$116
Interest$693
Insurance$47

Estimates only. Actual payments may vary.

Location

1622 Waterhouse Street

Chattanooga, TN 37412

Features & Amenities

Interior Features

Ceiling Fan(s)Separate Dining RoomTub/shower Combo

Exterior Features

Awning(s)Rain Gutters

Property Details

Flooring

CarpetLinoleumTile

Construction

Brick

Outdoor Features

Porch

Parking

Driveway

Heating

CentralElectric (Heating)

Cooling

ElectricCentral Air

Appliances

Electric RangeDishwasher

Questions & Answers

This 3-bedroom, 2-bathroom single family at 1622 Waterhouse Street is listed at $159,999 ($115/sqft). The estimated monthly payment is $856 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1977, 0.48 acre lot, 2 stories, Fireplace. Interior Features: Ceiling Fan(s), Separate Dining Room, Tub/shower Combo. Exterior Features: Awning(s), Rain Gutters.

This property is listed by Ben Phillips.

BP

Ben Phillips

License TN376467

Agent at Zach Taylor Real Estate

Listed by Zach Taylor Real Estate · Broker phone: (423) 451-6654 · View on Broker Site · Broker website

MLS# 1544035· Source: Greater Chattanooga Association of REALTORS· 27 days on PropertySimple

Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1622 Waterhouse Street, Chattanooga, TN 37412

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