$5,344 Closing Credit¹
#1507737, Listing Office: Keller Williams Realty
$599,000 List price
7003 Palermo Dr Chattanooga, TN 37421
$7,113
Closing credit¹
5 beds
3 full
3,600 sqft
0.5 acres
$166 / sqft
House
Property details
About 7003 Palermo Dr
Welcome to 7003 Palermo Drive, a beautifully designed 5-bedroom, 3-bathroom home spanning 3,600 sq. ft., perfectly located just steps from Hamilton Place Mall and Chattanooga's best dining and shopping. This spacious one-level basement ranch offers both comfort and convenience in one of the city's most sought-after areas. Inside, newly restored hardwood floors, fresh paint, and a well-appointed kitchen with ample cabinetry create a warm and inviting atmosphere. The formal dining room opens through French doors to a large cement back porch, overlooking a backyard oasis with over a dozen fruit trees and a vegetable bed ready for planting. The oversized, enclosed front porch is a standout feature, designed with iron fencing for added safety and built with durable, weather-resistant materials for long-lasting quality. The fully finished basement adds exceptional flexibility, offering two additional bedrooms, a full bath, multiple storage rooms, and versatile spaces ideal for a home office, gym, or storm shelter—perfect for multi-generational living or rental potential. Additional highlights include a stamped concrete lower porch, a spacious backyard deck, a recently refinished laundry area, and an oversized two-car garage. With its prime location, thoughtful upgrades, and abundant space, this home is a rare find. Schedule your private showing today!
Highlights
Home typeSingle Family Residence
HeatingCentral, Humidity Control, Natural Gas
StatusActive
CoolingCentral Air, Electric
Size3,600 sqft
BasementYes
Lot size0.45 Acres
Year built1965
ParkingConcrete, Driveway, Garage Door Opener, Kitchen Level
MLS #1507684
Attached garage2 spaces
FireplaceGas Log, Living Room
Summary
- Full Bathrooms: 3
- Appliances: Refrigerator, Microwave, Electric Range, Electric Water Heater, Disposal, Dishwasher
- Basement: Yes
- Flooring Type: Hardwood, Tile
- Interior: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Granite Counters, Kitchen Island, Separate Shower, Split Bedrooms, Tub/shower Combo
- Fireplace: Gas Log, Living Room
- Total Bedroom Count: 5
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: No
- Parking: Concrete, Driveway, Garage Door Opener, Kitchen Level
- Exterior: None, Back Fence, Fence, Deck, Porch Front, Patio, Porch, Porch/Covered
- Heating: Central, Humidity Control, Natural Gas
- Cooling: Central Air, Electric
- List Price: $599,000
- Price/SqFt: $166
- Annual Tax Amount: $1,507
- Tax Year: 2023
- Lot: Back Yard, Front Yard, Level
- Directions: From Exit 3 on I-75, turn off E. Brainerd Rd onto N. Concord Rd. Go .07 miles and turn right onto Palermo Dr. Home is 2nd home on left.
- Year Built: 1965
- Stories: 1
- Living Area: 3,600 SqFt
- Lot Size: 0.45 Acres
- MLS Number: 1507684
- MLS Name: Greater Chattanooga REALTORS®
- Office Name: Century 21 BELLORA
- Office Phone: (706) 657-3000
- Office Email: lorapoore@gmail.com
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 7:50:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$599,000
7003 Palermo Dr
$7,113
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 13, 2018 | Home Sold | $274,900 |
| Aug 21, 2009 | Home Sold | $143,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $67,375 | $1,507 |
| 2022 | $67,375 | $1,507 |
| 2021 | $67,375 | $3,206 |
| 2020 | $59,100 | $1,634 |
| 2019 | $59,100 | $1,634 |
| 2017 | $47,725 | $1,319 |
History based on county public records data.
Nearby schools
4
East Brainerd Elementary School
Public District PK-5
1.2 mi
•3350 Brentwood Cove Dr
4
Bess T. Shepherd Elementary School
Public District KG-5
2.4 mi
•7126 Tyner Rd
4
Woodmore Elementary School
Public District PK-5
3.3 mi
•800 Woodmore Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,669. The majority of Chattanooga, TN residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
33%
<35k
53%
35k-100k
12%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
51%
Single, No Kids
7%
Single, with Kids
31%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
4%
12-17 yrs old
24%
18-34 yrs old
39%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Soccer
NBA/WNBA
Where do the neighbors shop?
Nordstrom Rack
Forever 21
Express/Express For Men
Where do the neighbors go to eat?
Chipotle
Dominos Pizza
Starbucks
What do the neighbors drive?
Mazda
Pontiac
Buick
What do the neighbors listen to?
Rock
Rhythmic Contemporary Hits
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7003 Palermo Dr
The listing price of 7003 Palermo Dr property is $599,000.
The property 7003 Palermo Dr is a house located in Chattanooga, Tennessee, 37421.
Active Listing: 7003 Palermo Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7003 Palermo Dr are: East Brainerd Elementary School (GreatSchools Rating 4/10), Bess T. Shepherd Elementary School (GreatSchools Rating 4/10), Woodmore Elementary School (GreatSchools Rating 4/10), Chattanooga School for the Liberal Arts (GreatSchools Rating 7/10), Tyner Middle Academy (GreatSchools Rating 3/10), Dalewood Middle School (GreatSchools Rating 2/10), Tyner Academy (GreatSchools Rating 4/10), Brainerd High School (GreatSchools Rating 2/10), Hamilton County Virtual School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $1,507 (source: MLS/based on county public records data).
The last sale was on June 13, 2018 for $274,900 (source: MLS/tax record).
The property at 7003 Palermo Dr has 5 bedrooms and 3 bathrooms.
The property 7003 Palermo Dr is 3,600 SqFt (source: MLS/tax record).
The year of construction for 7003 Palermo Dr is 1965.
This home is located at 7003 Palermo Dr in Chattanooga, TN and zip code 37421 in the Hickory Valley / Hamilton Place neighborhood. This 3,600 square foot home, which was built in 1965, sits on a 0.45 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 19, 2025 and is currently priced at $599,000.
Chattanooga, TN housing market in April 2025 saw over 104 listings sold above listed price, more than 120 sold at listed price and over 214 sold below. The number of listings in Chattanooga, TN increased by 1.1% between March and April 2025. In April 2025 median list price was $335,000 and the average listing age was 44 days.
From Rocket Homes Real Estate and based on county public records data.