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Sold

1294 Hwy 157

1294 Hwy 157, Lookout Mountain, GA 30750

$345,000
Have you dreamed of owning a short-term rental, but haven't known where to start? Maybe you need a separate mother-in-law suite or art studio? Or are you an investor looking to add a unique property to your portfolio? 1294 Highway 157 on Lookout Mountain is exactly what you've been waiting for. Located a few blocks from the Lula Lake Land Trust, the main home features 2 bedrooms & 1 1/2 baths. From the covered front porch, you'll enter into a sunny living room, complete with gorgeous hardwood floors and a stone fireplace. An additional room on the 1st floor could function as a guest room, play room or office. The upstairs suite has been thoughtfully designed with a large walk-in closet, unique hardwood floors & vaulted ceilings. The modern farmhouse style guest home currently functions as an Airbnb, and will bring in nearly $30,000 in 2022 alone. This guest home is a fully equipped studio apartment with a full-sized kitchen, a breakfast bar, closet and bath. Both homes have lovely back patios, perfect for enjoying a cup of coffee and watching the mountain wildlife. This property is also zoned for the award winning Fairyland Elementary School. The opportunities are limitless with this one-of-a-kind property. *Bedroom, bathroom & square footage listed include the guest home.*

3
beds

3
baths

1,946 Sq.Ft. LIVING AREA

31,363 Sq.Ft. lot

Doug Lawrence

Doug Lawrence

Features & Amenities

Interior

  • total bedrooms3
  • Total bathrooms3
  • full bathrooms2
  • half bathroom1
  • Flooring Carpet, Hardwood Floors, Oth 1, Tile
  • Fireplace Gas Logs, In Living Room
  • APPLIANCES Dishwasher, Dryer, Gas Range - Drop In, Microwave, Refrigerator, Washer, Water Heater - Gas
  • other interior Features Island Work/Center, Washer Dryer Hookup

Area & Lot

  • Status Sold
  • Living Area1,946 Sq.Ft.
  • Lot Area31,363 Sq.Ft.
  • MLS® ID1363422
  • YEAR BUILT1964
  • Elementary SchoolFairyland Elementary School
  • Middle SchoolChattanooga Valley Middle
  • High SchoolRidgeland High School

Exterior

  • water SourcePublic Water, Septic Tank
  • utilitiesCable Lines/Above Ground, Electric Lines/Above Ground, Telephone Lines/Above Ground
  • roofShingle
  • lot featuresLevel
  • parkingOff Street Parking
  • HEAT TYPE2 or More Units, Central, Gas
  • AIR CONDITIONING2 or More Units, Central, Electric
  • sewerPublic Water, Septic Tank
  • SubstructureStone/Masonry
  • HOA AmenitiesInternet Access
  • other exterior FeaturesFence, Guest House, Patio/Deck, Porch Covered

Financial

  • Sales Price$345,000
  • Real Estate Tax $1,007/yr
  • HOA Fees N/A
  • Zoning Lookout Mountain

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