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    4836 Lillie Ln Ooltewah, TN 37363

    For Sale
    $125,000

    1.11-Acre Residential Lot in Ooltewah, TN

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1.11-acre lot, located at 4836 Lillie Ln in Ooltewah, Tennessee, presents a unique opportunity for residential development. Currently zoned R1, this 47,916 square foot parcel offers significant potential. The asking price is $125,000, translating to a land value of $112,613 per square foot. Situated in Hamilton County, zip code 37363, the property boasts a prime location within the desirable Ooltewah community. While currently zoned for single-family residential use, the property's size and location may allow for exploration of alternative zoning options, subject to local regulations and approvals. Buyers are encouraged to conduct their own due diligence regarding potential rezoning possibilities and development plans. The property's ample square footage provides considerable flexibility for various residential construction projects. This is an excellent opportunity for those seeking to build their dream home or develop a residential project in a sought-after Tennessee community. Interested parties should act quickly to secure this exceptional piece of land. Coordinates are 35.066799 latitude and -85.101751 longitude.

    Property Features for 4836 Lillie Ln

    General Information

    Property type
    Land

    HighLights

    • $125,000 asking price for this residential land parcel.
    • 1.11‑acre lot (47,916 sq ft) in Ooltewah, Tennessee.
    • R1 zoning.
    • Land value: $112,613 per square foot.
    • Located at 4836 Lillie Ln, Ooltewah, TN 37363.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Auto Parts Store Skin Care Clinic Storage Facility HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.101751
    Latitude
    35.066799

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    FAQs

    What type of property is this?
    Land - 1.11-Acre Residential Lot in Ooltewah, TN
    Where is this land located?
    The property is located at 4836 Lillie Ln Ooltewah, TN.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: $125,000 asking price for this residential land parcel.; 1.11-acre lot (47,916 sq ft) in Ooltewah, Tennessee.; R1 zoning.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4836 Lillie Ln Ooltewah, TN 37363
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