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114 Peace St, Chattanooga, TN, 37415

2beds
1baths
952sqft
$265,000
$278price/sqft
$1,812/moest. monthly cost
$72,480/yrincome needed

About This Home

Charming and full of potential, this cozy cottage offers a wonderful opportunity to own your own home just minutes from downtown Chattanooga. Featuring 2 bedrooms and 1 updated bathroom, this home has seen several improvements since 2020, including a fully renovated kitchen (excluding flooring) with new appliances, an updated bathroom with new vanity, sinks, and mirror, and fresh paint throughout the entire home. The layout offers a comfortable, natural flow between the main living spaces, creating an inviting and functional feel. Additional exterior updates include beautifully stained wood on the porch ceiling, as well as exterior doors, adding to the home's curb appeal. Interior doors have also been updated. A spacious walk-in crawl space provides extra storage, and off-street parking adds everyday convenience. With its convenient location and manageable size, this home offers a low-maintenance lifestyle while still being close to everything Chattanooga has to offer.

Getting Around

33
WalkingCar-Dependent
0
TransitNo Nearby Transit
32
BikeSomewhat Bikeable

Schools

4/10
5/10
Red Bank Middle SchoolGrades 6-81.7 mi
5/10
Red Bank High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Microwave

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • High Ceilings,Plumbed
  • Window features: Vinyl Frames
  • Flooring: Carpet,Engineered Hardwood
  • Finished area above ground: 952

Heating & Cooling

  • Heating features: Ceiling
  • Cooling features: Central Air

Interior Area

  • Total structure area: 952
  • Total interior livable area: 952 sqft

Property

Details

  • Parcel number: 117n E 018

Features

  • Levels: One
  • Patio & porch: Covered,Deck,Patio,Porch,Porch - Covered
  • Exterior features: Balcony

Lot

  • Lot size: 9,583 sqft
  • Features: Gentle Sloping
  • Lot size dimensions: 62 x 152

Parking

  • Parking features: Off Street

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
    TornadoRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Tornado
Lightning
Strong Wind
Winter Weather

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 $1,339$16,068
Home Insurance $162$1,944
Property Taxes $136$1,632
Electricity $175$2,103
Total$1,812$21,744

Income You'd Need if You Spent...

35% on housing$62,125/yr
40% on housing$54,360/yr
45% on housing$48,320/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

$278This listing

vs Other Active Listings

Avg $/sqft

ZIP 37415$169
Hamilton County$197

vs Homes Sold Last Month

Median $/sqft

ZIP 37415
Hamilton County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-27Price change$265,000
2026-04-10Listed for sale$275,000
2020-12-28Sold$199,900
2020-11-01Listed for sale$199,900
2016-01-28Sold$95,000
2015-10-01Price change$99,900
2015-08-11Price change$104,900
2015-06-07Price change$109,900
2015-05-13Listed for sale$114,900
2011-05-29Listing removed$94,900
2011-05-08Listed for sale$94,900
2011-03-22Listing removed$99,900
2010-11-21Listed for sale$99,900
2009-04-21Sold$31,500
2008-01-09Sold$54,280
2002-05-13Sold$32,188
1995-02-15Sold$15,000

For Sale by Agent

AgentKatherine P Smith
BrokerageKeller Williams Realty

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