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8773 Grey Reed Dr, Ooltewah, TN, 37363

5beds
6baths
4,696sqft
$1,675,000
$357price/sqft
$10,966/moest. monthly cost
$438,640/yrincome needed

About This Home

Welcome to this exceptional custom home in one of Ooltewah’s most desirable communities, offering 4,596 square feet of beautifully designed living space, including a fully heated and cooled pool house/guest home. Set on a private.62 acre lot, this property combines luxury, functionality, and incredible entertaining spaces. The home features 5 spacious bedrooms, 4 full bathrooms, and 2 half bathrooms with an open floor plan, abundant natural light, and quality finishes throughout. The upper level of the main home is being offered fully furnished, and the furnished guest home provides an outstanding opportunity for multigenerational living, hosting guests, or creating a private retreat. Step outside to enjoy your backyard oasis with a beautiful pool, spa, inviting outdoor living areas, and a heated and cooled house designed for year-round enjoyment. A standout feature is the newly(2025)1,500 sq ft detached garage, designed to match the home’s architecture. This fully insulated and finished space includes dual mini-split HVAC, water service, 200-amp electrical service, oversized 12-ft doors for RV/boat storage, a hobby workshop, and an electric lift providing access to extensive second-story storage. Ideal for automotive enthusiasts, recreational storage, or workshop needs, this detached garage offers unmatched versatility. A rare opportunity to own a one-of-a-kind property combining luxury living with exceptional functionality. Buyer’s agent are welcome.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

9/10
7/10
Hunter Middle SchoolGrades 6-83.1 mi
5/10
Ooltewah High SchoolGrades 9-123.7 mi

Construction

Condition

  • Year built: 2022

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Dishwasher,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 4
  • 1/2 bathrooms: 2

Features

  • Flooring: Tile,Hardwood

Heating & Cooling

  • Heating features: Forced air,Other,Electric
  • Cooling features: Central,Other

Interior Area

  • Total interior livable area: 4,696 sqft

Property

Details

  • Parcel number: 104JG020

Features

  • Exterior features: Shingle,Stone,Brick
  • Has spa: Yes
  • Has view: Yes
  • View description: Mountain

Lot

  • Lot size: 0.62 Acres

Parking

  • Parking features: Garage - Attached,Garage - Detached

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Tornado
Inland Flooding
Lightning
Strong Wind
Winter Weather
Cold Wave
Earthquake
Hail
Ice Storm

FEMA Declared Disasters Across Tennessee Counties

Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,469$101,628
Home Insurance $187$2,244
Property Taxes $1,929$23,148
Electricity $381$4,578
Total$10,966$131,592

Income You'd Need if You Spent...

35% on housing$375,977/yr
40% on housing$328,980/yr
45% on housing$292,426/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.7%
7.7%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: -1.1%
-1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$357This listing

vs Other Active Listings

Avg $/sqft

ZIP 37363$211
Hamilton County$197

vs Homes Sold Last Month

Median $/sqft

ZIP 37363
Hamilton County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Listed for sale$1,675,000
2024-08-19Sold$1,400,000
2024-07-15Pending sale$1,350,000
2024-06-27Price change$1,350,000
2024-06-13Listed for sale$1,499,900
2022-08-12Sold$694,900

For Sale by Owner

AgentProperty Owner

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