Active · MLS#: RTC3531475
$4,500,000
3926 Graceland Trail
Chattanooga, TN 37421
About this home
46+- Acres, family compound property, Tennessee water, fields, woods, hills, trails, brick ranch home and room to build! Red barn in field conveys wth field below home. South Chickamauga Creek Greenway from Camp Jordan to Tennessee River Park all the way downtown and on to St. Elmo adjoins. South Chickamauga Creek, paddle your kayak to the Tennessee River. Fishing, from bank, and rocks adjacent. Brick ranch built in 1957, two car attached garage sits top of a hill. 5.3 miles from Tennessee Aquarium and take an e-bike ride downtown along the River Walk from the Greenway. Close to the airport but not under a glide path of runway. Quiet peaceful living but less than 10 minutes downtown multiple directions. Path of progress property - time to bank it! Warehouses down the street, residential also. Caine Lane is quiet road just off Shallowford and minutes to Highway 153. Find the quiet area you never knew existed. Property is zoned currently residential. Sited just inside a HUD-mapped area that may support multifamily tax-credit underwriting--buyer to confirm current Qualified Census Tract (QCT) and/or Difficult Development Area (DDA) status for a possible §42 30% eligible-basis boost, plus fit with THDA Housing Credit / multifamily tax-exempt bonds and the City of Chattanooga Affordable Housing PILOT (HEB; 10+ rental units; 15-year abatement tied to 50-80% AMI set-asides). Zoning, density, utilities, and program eligibility are not warranted--verify with HUD, THDA, and the City before relying on any incentive. Ranch house has tenants, please do not drive down Graceland Trail without an appointment. Private Drive. Tenants have right to quiet enjoyment. Schedule appointment. Qualified buyers only please Realtors.
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Property facts
- Bedrooms
- 3
- Bathrooms
- 3
- Square feet
- 1,745
- Lot acres
- 46.5
- Year built
- 1957
- Garage spaces
- 2
- Property type
- Single Family Residence
- County
- Hamilton County, TN
Location
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Listed by REAL Broker · MLS#: RTC3531475 · Status: Active
Listings courtesy of RealTracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 9/16/2026, 12:59:00 PM CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID.
