For sale Home

Listed Oct 4, 2026

$159,999 Est. $1,058/mo

1622 Waterhouse Street

  • 3

    Beds

  • 2

    Baths

  • 1,392

    Sq ft

The story

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.

Facts & features

Home type

Home

Year built

1977

Floors

2

Price per sq ft

$115

Included features

  • Fireplace

    1 fireplace

  • Cooling

    Central Air, Electric

  • Heating

    Central, Electric

  • Appliances

    Electric Range, Dishwasher

  • Flooring

    Carpet, Tile

  • Lot Information

    Level

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$1,058 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $852
  • Property tax $160
  • Insurance $47

Includes principal, interest, taxes & insurance.

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Listing Broker

Zach Taylor Chattanooga

Broker Name

Zach Taylor Chattanooga

Agent

Benjamin Phillips