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5940 Rainbow Springs Dr

Chattanooga, TN 37416

Lot 130,680 sqft land
Most recent sale
$55,000
Jan 24, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 4, 2022 Price changed $70,000 MLS #1362453
Sep 14, 2022 Listed $84,000 MLS #1362453
Jan 24, 2022 Sold $55,000 Public Record
Feb 13, 2017 Sold $20,000 Chattanooga
Aug 11, 2016 Price changed $60,000 MLS #1224245
Mar 13, 2015 Listed $90,000 MLS #1224245

Tax assessment history

YearBuildingLandTotal assessedTax paid
2021 $22,500 $503
2020 $22,500 $622
2019 $22,500 $622
2018 $22,500 $622
2017 $22,500 $622
2016 $22,500 $622
2015 $22,500 $622
2014 $22,500 $622
2013 $22,500 $622
2012 $16,875 $467
2011 $16,875 $467
2010 $16,875 $467
2009 $16,875 $467
2008 $9,000 $284

Property facts

Year built
Property type
land
Stories
Beds
Baths
Living area
Lot size
130,680 sqft
ZIP code
37416
City
Chattanooga
Street
Rainbow Springs Dr
Coordinates
35.13829, -85.15153

Frequently asked questions

When did 5940 Rainbow Springs Dr last sell?
5940 Rainbow Springs Dr most recently sold on Jan 24, 2022 for $55,000.
What is the current tax assessment for 5940 Rainbow Springs Dr?
The most recent total assessment for 5940 Rainbow Springs Dr (year 2021) is $22,500 with $503 in property tax.
How does 5940 Rainbow Springs Dr's assessment compare to its last sale price?
The current assessment is 59.1% below the last sale price of $55,000.
When was 5940 Rainbow Springs Dr built?
The year built for 5940 Rainbow Springs Dr is not in our records.
How does 5940 Rainbow Springs Dr compare to others on Rainbow Springs Dr?
We track 8 other properties on Rainbow Springs Dr. Browse the list under "Other properties on Rainbow Springs Dr" to compare beds, baths, and sale history.
What are the property facts for 5940 Rainbow Springs Dr?
5940 Rainbow Springs Dr is a 130,680 sqft lot land.
Is 5940 Rainbow Springs Dr a flip candidate?
No — 5940 Rainbow Springs Dr does not appear in our flips dataset.
Is 5940 Rainbow Springs Dr a tax-appeal candidate?
No — 5940 Rainbow Springs Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-6.1%
Implied 1-yr
-24.4%
2026 Q3
$321.5K
2026 Q4
$311.3K
ZIP 37416 — Median Price History + Forecast

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