2908 Emily Ln, Red Bank, TN 37415

Highlights:verview

Stuart Heights

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• Population: approximately 2,848 people in Stuart Heights / Red Bank as one combined area. Fletcher Bright Realty+2Weichert+2

• Median/average age: ~40 years in the combined area of Stuart Heights / Red Bank. Fletcher Bright Realty

• Average individual income in that data: ~$96,432 for the combined Stuart Heights / Red Bank area. Fletcher Bright Realty

• Median home value & pricing: For Stuart Heights-Rivermont area (which overlaps), average value ~$662,539; price per sq ft ~$240. Homes.com

• More focused data: For Stuart Heights alone (via Weichert data) — median income ~$55,612. Weichert

• Housing inventory: In that same Weichert data there were ~36 listings, median listing price ~$362,450. Weichert

• Household size: approx. 2 persons per household in this area. Weichert

• Housing stability: ~45% of residents have lived there 5+ years; annual residential turnover ~17%. Weichert

Emly Lane / 944 Emly Lane Area

While specific public data for 944 Emly Lane is more limited, the broader neighborhood (north Chattanooga) shares similar characteristics with Stuart Heights in terms of amenity proximity (commute access, residential character).

• Property records summary for Emly Ln show home price, sales and ownership data available via PropertyReach. Property Reach

• Given the location, your site benefits from a desirable mature neighborhood, with access to north Chattanooga amenities and in the zone for urban residential investment.

🎯 Implications for Your Development (48-Unit Townhomes)

Given your plan for 48 townhomes at 944 Emly Lane, here are how the marketing insights map to your unit-mix and positioning:

• Target Demographic: With median age ~40 and household size ~2, many residents may be couples or small families. Your mix (20 units of 3-bed/2.5 bath; 10 units of 2-bed/2 bath; 18 units of 4-bed/3.5 bath) aligns well:

  • 2-bed units: attractive for young professionals or downsizers

  • 3-bed units: well-suited for small families using the neighborhood’s family-oriented vibe

  • 4-bed units: appeal to larger families or multigenerational households, offering a premium tier

• Pricing Strategy: With median listing prices in the $300k–$400k range in the immediate neighborhood (Weichert: ~$362k median listing) and higher value pockets (~$662k in adjacent Stuart Heights-Rivermont), you have room to position your product with premium finishes, modern design, and amenities, especially for 4-bed units.

  • Expect 2-bed units to market at or slightly above the $300k baseline.

  • 3-bed units might target mid-$300s to low-$400s depending on finish level.

  • 4-bed units might enter the $400s+ range given position and comparable high-end homes nearby.

• Amenity & Lifestyle Positioning: Emphasize the family-friendly yet mature neighborhood: mature trees, winding streets, proximity to amenities, good commute to downtown Chattanooga, established neighborhood feel (Trulia referenced “great neighborhood for young families” in Stuart Heights). Trulia Real Estate Search

• Turnover & Stability: With ~17% annual turnover, there is consistent movement in the housing stock — allowing for new product to attract buyers looking for modern and turnkey options.

• Rental vs Ownership: While your development appears ownership-oriented (townhomes), rental demand may also exist given the area’s desirability and relatively modest household size. If units are offered with option to rent or flip, this flexibility may broaden the buyer pool.

🔍 Suggested Data to Pull / Confirm for Final Marketing Package

For your design-presentation and marketing materials, I'd recommend gathering the following for 944 Emly Lane and its immediate ½-mile radius:

• Recent closed sale prices (last 12-24 months) for similar 2-, 3-, and 4-bed homes

• Absorption/turnover rate for new townhome products in the corridor

• Rental market rates for 3- and 4-bed units (to show potential for investors)

• Demographic breakdown: age by household, income distribution, family vs non-family households

• School zone information and performance (for 3- and 4-bed unit marketing)

• Commute times to major employment centers, transit access, and walkability score

• Competitive analysis: existing or upcoming townhouse/condo projects in north Chattanooga, comparing features, pricing, and occupancy

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• 12 total parcels offered as a package (side-by-side)

• Total asking price: $1,200,000 (negotiable)

• Zoning: R-1 with potential for rezoning to multifamily (subject to city approval)

• All utilities available nearby – water, sewer, and power (buyer to verify)

• Located minutes from downtown Chattanooga, Hixson Pike, and key retail and employment hubs

• Situated in a booming submarket with high resale values and strong rental demand

• Ideal for build-to-rent, townhome, or small multifamily community projects

• Seller is open to working collaboratively with the buyer to support development and planning efforts

Investment Outlook:
With Chattanooga’s north side experiencing rapid expansion, new homes in this area are commanding premium prices and investor interest is at an all-time high. This 12-lot assemblage offers a turnkey path to develop in a growth corridor with strong fundamentals and long-term upside potential.

📍 Location: 2908 Emily Ln & Adjacent Parcels, Chattanooga, TN 37415
💰 Asking Price: $1,200,000 (negotiable)
📞 Contact: Taylor Anand (423-443-8876)

Sushan Anand (423-421-1738)