5818 Rainbow Springs Drive Chattanooga, TN $ 540,000
5818 Rainbow Springs Drive
$ 540,000
Foreclosure
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5818 Rainbow Springs Drive

Chattanooga, TN, 37416
$ 540,000
Bedrooms4 Baths2.1 Sq 3,787

Monthly Estimate*

$ 3,325

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Single Family Home for sale in Chattanooga, TN

for $540,000 with 4 bedrooms and 2 full baths, 1 half bath. This 3,787 square foot home was built on a lot size of 0.54.

Welcome to 5818 Rainbow Springs-this great home is bathed in natural light from its walls of windows. The home offers an open, airy feel and a thoughtful layout designed for comfortable everyday living and effortless entertaining. Featuring 4 spacious bedrooms, the home provides plenty of room for family and guests alike. The main living area flows easily from the great room to the dining room and kitchen. The large owners suite is located on the main level. Upstairs you will find a great loft area and two additional bedrooms and a full bath. There is also a finished basement. Set in a beautiful, established neighborhood, this property offers privacy and community-perfect for morning or just relaxing at home. Make your appointment to see 5818 Rainbow Springs today. FHA Case #481-365269 This is a HUD owned property and all HUD homes are Sold As Is. For more information please visit www.olympusams-at.com or www.HudHomeStore.gov.

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Single Family Pending

Price

$ 540,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 2,737

Style

Lot Size

0.54

Town/City

Chattanooga

County/Region

Hamilton

MLS | Web ID

1522913

Features
Interior
Interior Amenities Ceiling Fan(s) Eat-in Kitchen Entrance Foyer High Ceilings Kitchen Island Pantry Separate Dining Room Separate Shower Split Bedrooms Tub/shower Combo Vaulted Ceiling(s)
Basement Finished Full
Flooring Carpet Tile
Total Fireplaces 1
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Above Grade Finished Area 3787.0
Half Baths 1
Laundry Features Laundry Room
Total Bedrooms 4
Total Baths 3
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General
Sewer Septic Tank
Heating Central Electric Natural Gas
Cooling Central Air Electric
Utilities Cable Available Electricity Connected Natural Gas Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances None
HOA Fee 250.0
Garage Spaces 3.0
Patio/Porch Features Covered Porch Porch - Screened
Pool Features None
Construction Materials Brick Wood Siding
Year Built 1989
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Community Features Curbs
Assoc Fee Paid Per Annually
County Hamilton
New Construction N
Property Type Residential
HOA Y
Attached Garage Y
Subdivision Name Eagle Bluff/River Run
Garage Y/N Y
Total Rooms 9
Full Baths 2
Status Pending
Directions From Hwy 58 to Champion Road turn left on right into Eagle Bluff right on Rainbow Springs home is one the right.
High School Central High School
City Chattanooga
Senior Community Y/N N
MLS Area Chattanooga
Lot Size Units Acres
Lot Size Square Feet 23522.0
Carport Y/N N
Listing Terms Cash Conventional FHA
Elementary School Harrison Elementary
Land Lease Y/N N
Tax Annual Amount 2737.95
Home Warranty Y/N N
Middle/Junior High School Brown Middle
Lease Renewal Y/N N
MLS Area Minor Chattanooga
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Pending
Occupancy Type Vacant
Legal Description LT 57 RIVER RUN SUB UNIT 1 PB43 PG3 8 OUT OF 102P-A-2 FOR 1988
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Exterior
Exterior Amenities Rain Gutters
Fencing None
Parking Features Garage Garage Faces Side
Water Source Public
Lot Size Area 0.54
Foundation Details Block
Spa N
Building Area Total 3787.0
Lot Dimensions 99.71X136.93
Lot Size Acres 0.54
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5818
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* Excluded Features
List By
Re/Max Properties

Broker

fvantrease@yahoo.com

Email

Affordability Calculator

$3,553
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,325
Monthly Property Taxes
$228
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1547876 Elementary School
1547369 Middle School
Central High School High School
Pricing History
DatePricePrice ChangeDescription
12/10/2025$540,000 -10.00% Price Down
10/24/2025$600,000 Listed Price

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5818 Rainbow Springs Drive, Chattanooga, TN, 37416 is a Single Family Home for sale at $540,000 with 3,787 sqft and a lot size of 0.54. 5818 Rainbow Springs Drive has 4 bedrooms and 2.1 baths. The property's zip code is 37416 which is in Chattanooga, TN