Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for renovation quality, lot size, and bedroom count. Assessed value of $163,400 appears below market.
Renovated 1920s Ranch on Generous 0.23-Acre Highland Park Lot
A wide 75-foot frontage and an easy, level 0.23-acre lot set the tone for this thoughtfully renovated 1920s ranch in Highland Park. At 1,446 square feet, the home preserves its single-story practicality while introducing a string of modern upgrades: a refreshed kitchen with new cabinets and appliances, updated bathrooms, new flooring throughout, and essential systems replaced — including a new roof and central HVAC — so buyers can move in with confidence.
Inside, the layout feels purposeful. Three bedrooms and two full baths accommodate a household or small family without wasted square footage; a working fireplace anchors the living area and lends period character to the otherwise contemporary finishes. The updated kitchen reads clean and efficient, with streamlined cabinetry and room for everyday dining. New flooring flows through the main spaces, uniting the rooms with a calm, neutral palette that complements the home’s original proportions.
Outside, the broad, level yard is one of the property’s most compelling assets. The lot invites gardening, play, or an expansion project and retains a classic mid-block privacy while remaining just a short drive from downtown Chattanooga. Off-street parking is provided by a private driveway. Zoned R-1, the parcel also presents potential flexibility for accessory uses subject to local approvals.
Highland Park buyers will appreciate the location: under three miles to the Tennessee Aquarium, Coolidge Park and Walnut Street Bridge, about 2.5 miles to the University of Tennessee at Chattanooga, and roughly 1.5 miles from the Chattanooga Zoo. The neighborhood has seen steady appreciation and renewed demand from young professionals and families, making this renovated ranch a pragmatic primary home or an income property with a healthy rental market.
Valuation context: recent neighborhood comps and a sales-comparison approach place fair market value in the $250,000–$280,000 range (midpoint ~$265,000). With immediate systems upgrades and solid bones from its original construction, 1055 N. Orchard Knob Avenue offers a rare combination of move-in readiness and upside in a rapidly improving pocket of Chattanooga.
See the properties helping shape the valuation.
Comparable sales
- 342 SF smaller
- 1 additional bedroom
- 3,802 SF smaller lot
- 10 years newer
- 253 SF smaller
- 2,835 SF smaller lot
- 10 years newer
- 256 SF smaller
- 2,650 SF smaller lot
- 10 years newer
A 1920 ranch on 0.23 acres.
Building
Site & utilities
Highland Park
Researched nearby locations
Location
1055 North Orchard Knob Avenue, Chattanooga, TN 37406
Highland Park is an improving, close-in Chattanooga neighborhood that has attracted young professionals and families with its mix of historic homes and practical proximity to downtown. Median values in the area rose about 15% from 2020–2025 as buyers prioritized walkable pockets and short commutes to cultural attractions. The community provides convenient access to the riverfront, parks, the Chattanooga Zoo, and UTC while retaining a neighborhood feel and modest lots suitable for outdoor living and small expansions.
Very good access to outdoor amenities: riverfront parks, Coolidge Park, and the Walnut Street Bridge are all within about 3 miles, the Chattanooga Zoo is roughly 1.5 miles away, and downtown trails and greenways provide everyday walking and biking options.
A factual market snapshot around 1055 North Orchard Knob Avenue.
Highland Park currently sits in a market that leans slightly in favor of sellers while remaining largely balanced. Inventory is tight at about 2.5 months — below the 4-month threshold that usually signals strong seller control — and homes in the area average roughly 35 days on market. Median sale prices in the broader area are near $200,000, and Highland Park has recorded roughly 15% appreciation from 2020–2025. Single-family ranches like this one are in steady demand from buyers seeking proximity to downtown attractions and easy commutes to UTC.
Recent comparable sales within a half-mile range from $160K to $214K show broad buyer interest at multiple price tiers; because this property has been fully renovated and includes new mechanicals and roof, an adjusted valuation estimate centers near $265,000. For buyers, that means purchasing an updated home with reduced near-term capital expenses in a neighborhood where supply is limited and turnover is moderate. For investors, the local rental comparables support estimated monthly rents around $1,500–$1,700, producing a solid gross yield for a renovated single-family rental in Highland Park.
Single-Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 284 SF smaller
- 214 SF smaller
What the research supports — and what is still worth verifying.
Key findings
- County assessor shows 2025 purchase at $90,000 ($62/SF) — current estimate $265,000 ($183/SF)
- Assessed value $163,400 (land $23K, improvements $140.4K) — annual taxes $1,007
- Zoned R-1 — single-family residential with potential for accessory dwelling unit
- 3 comparable sales within 0.5 miles in last 6 months range $189,900–$214,000
- Average days on market in Highland Park: 35 days (balanced market)
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify renovation permits were properly pulled
- Assess condition of major systems despite recent updates
- Professional home inspection
- Review local school ratings and alternative options
What stands out about this property.
Interior Features
- 3 bedrooms, 2 full bathrooms
- 1,446 SF single-story ranch layout
- Renovated kitchen with new cabinets and appliances
- Updated bathrooms
- New flooring throughout
- Working fireplace
- Central heating and central cooling (new HVAC)
Exterior & Lot
- 0.23-acre level lot with 75 ft frontage
- Off-street parking in private driveway (approx. 2 spaces)
- New shingle roof
- Wood-frame construction
- Zoned R-1 (single-family; accessory dwelling unit possible subject to approvals)
Location & Neighborhood
- Highland Park neighborhood — growing demand from young professionals and families
- Approx. 2.5 miles to University of Tennessee at Chattanooga
- Approx. 3 miles to Tennessee Aquarium and downtown riverfront attractions
- About 1.5 miles to Chattanooga Zoo
- Quick access to Coolidge Park and Walnut Street Bridge
Walkability & Recreation
- Walkability Rating: 60/100 — Some walkable amenities and short drives to daily needs
- Nearby parks and green spaces (Tennessee Riverfront, Coolidge Park)
- Chattanooga Zoo within ~1.5 miles
- Riverfront attractions and pedestrian paths within ~3 miles
- Community access to downtown cultural sites and trails
Sources & research confidence.
See where the property research came from and how confidence varies by field.