5031 Highway 157

3,318 Sq. Ft.
$83 / Sq. Ft.
3,318
Sq. Ft.
$83
per Sq. Ft.

Description

Serious investment potential here! Either to build equity while enjoying the mountain life, or as a rental property/whether short or long term! With Covenant College only 10-15 minutes away, this could be a major money maker as a student rental property! Lots of improvements made, but still some work to do. But there's so much potential! There are also multiple storage buildings. Come visit and see for yourself!Serious investment potential here! Either to build equity while enjoying the mountain life, or as a rental property/whether short or long term! With Covenant College only 10-15 minutes away, this could be a major money maker as a student rental property! Lots of improvements made, but still some work to do. But there's so much potential! There are also multiple storage buildings. Come visit and see for yourself!
  1. Listed by Rodney Cook • Nu Vision Realty

Property Details for 5031 Highway 157

Waterfront
No
LISTING UPDATED: 02/06/2026 01:21 PM

Property Details for 5031 Highway 157

StatusActive
MLS #1528076
Days on Market7
Taxes$2,308 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1977
Lot Size1.13 AC / 49,222 SF
CountyWalker County

Location

Listing Courtesy of Nu Vision Realty, Rodney Cook
Add your commute

Building Information for 5031 Highway 157

Stories1Year Built1977Building Size-Lot Size1.13 AC / 49,222 SF

Payment Calculator

$1,533 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,340

Property Taxes

$192

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5031 Highway 157

Summary
Location and General Information
  • City: Rising Fawn
  • County Or Parish: Walker
  • Directions: Hwy 193 south, turn right on Nick-a-Jack Road and go up to top of mountain. Turn left onto Hwy 157, home will be on the left
  • Latitude: 34.868267
  • Longitude: -85.405993
  • Postal Code: 30738
  • State Or Province: GA
  • Subdivision Name: None
Taxes and HOA
  • Tax Legal Description: Pt Ll 302 10/4 Landlot: 302 Landdist: 10
  • Additional Parcels: No
  • Parcel Number: 0009 006
  • Association Fee: $0
  • Association: No
  • Tax Annual Amount: $2,308
School Information
  • Middle Or Junior School: Chattanooga Valley Middle
  • High School: Ridgeland High School
  • Elementary School: Fairyland Elementary School
Parking
  • Garage: No
  • Attached Garage: No
Property
Lot Information
  • Lot Features: Level, Rural
  • Lot Size Dimensions: 115x430
  • Lot Size Acres: 1.13
  • Living Area Source: Owner
  • Lot Size Square Feet: 49222.8
  • Building Area Total: 3318.0
  • Lot Size Units: Acres
  • Living Area: 3318.0
Property and Assessments
  • Property Type Label: Residential
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1977
  • Property Type: Residential,Single Family Residence
  • Property Sub Type: Single Family Residence
Utilities
  • WaterSewer : Septic Tank: Yes
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Not Available, Water Connected, Propane
Interior and Exterior Features
Exterior Features
  • Senior Community: No
  • Construction Materials: Stone, Wood Siding
  • Window Features: Vinyl Frames, Window Coverings
  • Parking Features: Off Street
  • Exterior Features: Outdoor Grill, Rain Gutters, Storage
  • Roof: Shingle
  • Roofing : Shingle: Yes
Interior Features
  • Fireplace: No
  • Bedrooms Total: 4
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Appliances: Water Heater, Electric Range, Dishwasher
  • Room Type: Dining Room, Living Room, Bedroom, Primary Bedroom, Bonus Room, Laundry, Bathroom, Bath Half, Family Room, Kitchen
  • Rooms Total: 10
  • Bathrooms Total Integer: 4
  • Bathrooms Total Decimal: 3.5
  • Bathrooms Total Notational: 3.1
  • Cooling: Yes
  • Heating: Yes
  • Foundation Details: Stone
  • Cooling: Central Air
  • Heating: Central
  • Levels: One and One Half
  • Interior Features: Ceiling Fan(s), Eat-in Kitchen, Pantry, Separate Dining Room, Tub/shower Combo
  • Flooring: Carpet
  • Stories: 1
  • Green Features : Central Air: Yes
  • Cooling : Central: Yes
  • Dining : Separate Dining Room: Yes
  • Floors : Carpet: Yes
Room Information
Room 1
  • Room Type: Dining Room
  • Room Level: First
Room 2
  • Room Type: Living Room
  • Room Level: First
Room 3
  • Room Type: Bedroom
  • Room Level: First
Room 4
  • Room Type: Primary Bedroom
  • Room Level: First
Room 5
  • Room Type: Bonus Room
  • Room Level: First
Room 6
  • Room Type: Laundry
  • Room Level: First
Room 7
  • Room Type: Bathroom
  • Room Level: First
Room 8
  • Room Type: Bath Half
  • Room Level: First
Room 9
  • Room Type: Bedroom
  • Room Level: Second
Room 10
  • Room Type: Bedroom
  • Room Level: Second
Room 11
  • Room Type: Family Room
  • Room Level: Second
Room 12
  • Room Type: Bathroom
  • Room Level: Second
Room 13
  • Room Type: Bathroom
  • Room Level: Second
Room 14
  • Room Type: Kitchen
  • Room Level: First
Multi Family
Unit 1
  • Unit 1 Features : Living Room: Yes
Unit 2
  • Unit 2 Features : Kitchen: Yes
Unit 4
  • Unit 4 Features : Eat-in Kitchen: Yes

Property History for 5031 Highway 157

DateEvent & SourcePriceAppreciation
Feb 6, 2026

Listed (Active)

Greater Chattanooga Association of REALTORS #1528076

$275,000—
Dec 31, 2025

Expired

Greater Chattanooga Association of REALTORS #1517173

$279,900—
Sep 4, 2025

Price Change

Greater Chattanooga Association of REALTORS #1517173

$289,900—
Aug 7, 2025

Price Change

Greater Chattanooga Association of REALTORS #1517173

$299,900—
Jul 22, 2025

Listed (Active)

Greater Chattanooga Association of REALTORS #1517173

$310,000—
Nov 6, 2024

Withdrawn

Greater Chattanooga Association of REALTORS #1500775

$325,000—
Sep 27, 2024

Listed (Active)

Greater Chattanooga Association of REALTORS #1500775

$325,000—
Mar 12, 2021

Sold (Public Record)

Public Record #692663255

$2,000—
Mar 10, 2021

Sold (Public Record)

Public Record #692663245

$185,000

+10.7% / yr

Mar 10, 2021

Sold

Greater Chattanooga Association of REALTORS #1324018

$185,000—
Mar 10, 2021

Sold

Greater Chattanooga Association of REALTORS #1324018

$185,000—
Feb 9, 2021

Pending

Greater Chattanooga Association of REALTORS #1324018

—
Feb 9, 2021

Pending

Greater Chattanooga Association of REALTORS #1324018

—
Sep 8, 2020

Listed (Active)

Greater Chattanooga Association of REALTORS #1324018

$199,900—
Sep 8, 2020

Listed (Active)

Greater Chattanooga Association of REALTORS #1324018

$199,900—
Sep 1, 2020

Expired

Greater Chattanooga Association of REALTORS #1306323

$199,900—
Sep 1, 2020

Expired

Greater Chattanooga Association of REALTORS #1306323

$199,900—
Sep 9, 2019

Listed (Active)

Greater Chattanooga Association of REALTORS #1306323

$220,000—
Sep 9, 2019

Listed (Active)

Greater Chattanooga Association of REALTORS #1306323

$220,000—
Apr 18, 2008

Sold (Public Record)

Public Record #423986688

$50,000—
DateEvent & SourcePrice
02/06/2026

Listed (Active)

Greater Chattanooga Association of REALTORS #1528076

$275,000
12/31/2025

Expired

Greater Chattanooga Association of REALTORS #1517173

$279,900
09/04/2025

Price Change

Greater Chattanooga Association of REALTORS #1517173

$289,900
08/07/2025

Price Change

Greater Chattanooga Association of REALTORS #1517173

$299,900
07/22/2025

Listed (Active)

Greater Chattanooga Association of REALTORS #1517173

$310,000
11/06/2024

Withdrawn

Greater Chattanooga Association of REALTORS #1500775

$325,000
09/27/2024

Listed (Active)

Greater Chattanooga Association of REALTORS #1500775

$325,000
03/12/2021

Sold (Public Record)

Public Record #692663255

$2,000
03/10/2021

Sold (Public Record)

Public Record #692663245

$185,000

+10.7% / yr

03/10/2021

Sold

Greater Chattanooga Association of REALTORS #1324018

$185,000
03/10/2021

Sold

Greater Chattanooga Association of REALTORS #1324018

$185,000
02/09/2021

Pending

Greater Chattanooga Association of REALTORS #1324018

—
02/09/2021

Pending

Greater Chattanooga Association of REALTORS #1324018

—
09/08/2020

Listed (Active)

Greater Chattanooga Association of REALTORS #1324018

$199,900
09/08/2020

Listed (Active)

Greater Chattanooga Association of REALTORS #1324018

$199,900
09/01/2020

Expired

Greater Chattanooga Association of REALTORS #1306323

$199,900
09/01/2020

Expired

Greater Chattanooga Association of REALTORS #1306323

$199,900
09/09/2019

Listed (Active)

Greater Chattanooga Association of REALTORS #1306323

$220,000
09/09/2019

Listed (Active)

Greater Chattanooga Association of REALTORS #1306323

$220,000
04/18/2008

Sold (Public Record)

Public Record #423986688

$50,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5031 Highway 157

Taxable ValueLand$11,147Additions$95,690Total$106,837
Tax Record2023$2,534 ($211 / month)
Home Facts
Beds0Baths2Total Finished SqFt2,294 SqFtAbove Grade Finished SqFt2,294 SqFtStories2Lot Size49,223 SqFtStyleSingle Family ResidenceYear Built1977Year Renovated1997ZoningR3CountyWALKERAPN0009 006

Schools near 5031 Highway 157

This home is within Walker County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Fairyland Elementary School
PublicPK to 5

Chattanooga Valley Middle School
Public6 to 8

Ridgeland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

5031 Highway 157 is a single family home for sale in Rising Fawn, GA 30738. This property was listed for sale on February 6, 2026 by Nu Vision Realty, it's currently listed at $275,000. It has been on the market for a total of 7 days and was last sold on March 12, 2021. This listing's school district is Walker County School District. Nearby schools include Fairyland Elementary School, Chattanooga Valley Middle School and Ridgeland High School. 5031 Highway 157 is a 4-bed, 4-bath, 3,318 sqft single family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nu Vision Realty, Rodney Cook

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.