$265,000
1055 North Orchard Knob Avenue, Chattanooga, Tennessee 37406, United States
Updated 3BR/2BA ranch with new systems and spacious yard, minutes to downtown
3
Beds
2
Baths
1,446
Sq Ft
1920
Built
0.23 acres
Lot
none
Garage
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.
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.
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.
Orchard Knob Elementary School
Elementary
Orchard Knob Middle School
Middle
Brainerd High School
High
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.
1055 North Orchard Knob Avenue is a 3-bedroom, 2-bathroom ranch-style home built in 1920 with 1,446 SF of living space on a 0.23-acre lot in Chattanooga's Highland Park neighborhood. The property has been thoughtfully renovated to blend vintage charm with modern comforts, including a refreshed kitchen with new cabinets and appliances, updated bathrooms, new flooring throughout, a new roof, and a new HVAC system. (coldwellbanker.com)
From a valuation perspective, comparable sales in Highland Park suggest a current fair market value of $250,000–$280,000, with a midpoint estimate of $265,000 ($183/SF). The owner purchased the property in April 2025 for $90,000, representing significant appreciation following extensive renovations. The current assessed value of $163,400 appears below market, which is common in rapidly appreciating neighborhoods. (assessor.hamiltontn.gov)
Highland Park is a revitalizing neighborhood with increasing demand from young professionals and families. The area has seen a 15% increase in median home values from 2020 to 2025, with homes typically selling within 35 days. The neighborhood's proximity to downtown Chattanooga attractions, including the Tennessee Riverfront, parks, and cultural sites, enhances its appeal. (coldwellbanker.com)
Overall, this property represents a solid value in a growing location with recent updates that reduce near-term maintenance risk. Potential buyers should verify the quality of renovations, assess the condition of major systems, and consider the local school ratings in their decision-making process.
Renovated 1920s ranch in revitalizing Chattanooga neighborhood with significant appreciation potential. Proximity to downtown attractions and recent updates enhance desirability. Balanced market conditions suggest steady resale trajectory.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$250K
Midpoint
$265K
High
$280K
$183/SF estimated price per square foot
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.
As of 2026-03-06
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Highland Park median home values increased 15% from 2020-2025. Growing demand from young professionals and families. Walkability Rating estimate: 60/100.
Proximity to downtown Chattanooga attractions including the Tennessee Riverfront, parks, and cultural sites.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$62/SF
Arm's length transaction
$58/SF
Arm's length transaction
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