Farmhouse / Modern Farmhouse home in Ooltewah, TN
This Farmhouse home in Ooltewah, TN offers 5 bedrooms and 5 bathrooms across 4,147 square feet. It sits within the greater Chattanooga, TN area.
| Price | $724,990 |
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| Beds | 5 |
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| Baths | 5 |
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| Sqft | 4147 |
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| Architectural style | Farmhouse / Modern Farmhouse (64% match) |
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| Address | 2040 Firelight Way, Ooltewah, TN 37363 |
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Why buy this home
- Confirmed Farmhouse / Modern Farmhouse architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced below comparable homes.
- At $725K, this home is 53% above the $475K median for 127 similar Farmhouse / Modern Farmhouse homes in Chattanooga, TN.
- That works out to $175 per square foot, 25% below the $233 comparable rate.
- On the market 15 days.
| This home | $724,990 |
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| Farmhouse / Modern Farmhouse median in Chattanooga, TN | $475,000 (127 homes) |
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| Price per sq ft | $175 vs. $233 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $4,645/month with 20% down at a 7.28% 30-year fixed rate. You would need about $199,073 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,968/mo |
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| Property tax (new-buyer reassessed rate) | $405/mo |
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| Homeowners insurance | $272/mo |
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| Total monthly | $4,645/mo |
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| Down payment (20%) | $144,998 |
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| Income needed | $199,073/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C (58 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C (58/100) |
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| Beats renting in | 10% of modeled paths |
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| Modeled 5-yr equity (median) | $317,855 |
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| Range (10th to 90th pct) | $180,332 to $476,233 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Chattanooga, TN where local data is thin.
Local home values
Typical home values in Chattanooga, TN have risen about 24% over the past 5 years (0% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Zillow