Seller's Agent in 2025
Lori Montieth
Keller Williams Realty
(423) 503-2450
10 in this area
1,328 Total Sales
505 Ashland Terrace Chattanooga, TN 37415
Lupton City Neighborhood
2
Beds
1
Bath
1,176
Sq Ft
2.02
Acres
Highlights
- 2.02 Acre Lot
- Wood Flooring
- Rear Porch
- A-Frame Home
- No HOA
- Eat-In Kitchen
About This Home
As of July 2025Charm, Opportunity & Prime Location: Your 2-Acre Opportunity on Ashland Terrace
Discover a truly unique offering at 505 Ashland Terrace, a charming 1930s home situated on a generous 0.54-acre lot, offered in conjunction with the adjacent 1.48-acre corner lot at Ashland Terrace and Crestview Drive. This combined approximate 2-acre parcel presents an unparalleled opportunity for homeowners and developers alike to realize their vision in a highly convenient and evolving area.
Step inside to discover a classic 2-bedroom, 1-bathroom home, exudes vintage character with its spacious living room and a dedicated dining room, perfect for gatherings. While the fireplace is non-working, it offers a beautiful architectural detail to enhance your future design. Practical features include a dedicated laundry room and a durable metal roof, providing long-term peace of mind and low maintenance.
Beyond the existing home, the true value of this offering lies in the expansive land. The additional 1.48-acre lot, strategically located at the corner of Ashland Terrace and Crestview Drive, significantly amplifies the property's potential.
The combined parcel offers ample outdoor space, perfect for creating a private oasis, extensive gardens, or a family recreation area. The back of the larger lot is sloped, providing opportunities for creative landscaping or unique building designs. Enjoy the benefits of a convenient location with easy access to the amenities of Red Bank, the major thoroughfare of Hixson Pike, and the vibrant dining, shopping, and attractions of downtown Chattanooga.
This rare offering of a home with a significant adjacent development-ready parcel won't last. Whether you're seeking a substantial private residence with room to grow, or a strategic investment with diverse development opportunities, 505 Ashland Terrace and its accompanying land are ready for your vision.
Don't miss out on this exceptional opportunity. Schedule your private showing today!
Last Agent to Sell the Property
Keller Williams Realty License #310349 Listed on: 06/06/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,059
Year Built
- Built in 1930
Lot Details
- 2.02 Acre Lot
- Lot Dimensions are 70x433
- Sloped Lot
Home Design
- A-Frame Home
- Block Foundation
- Aluminum Roof
- Vinyl Siding
Interior Spaces
- 1,176 Sq Ft Home
- 1-Story Property
Kitchen
- Eat-In Kitchen
- Free-Standing Electric Oven
Flooring
- Wood
- Linoleum
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Parking
- 1 Attached Carport Space
- Driveway
- Off-Street Parking
Outdoor Features
- Rain Gutters
- Rear Porch
Schools
- Alpine Crest Elementary School
- Red Bank Middle School
- Red Bank High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 109j G 030
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 6, 2025
Closed on
Jul 31, 2025
Sold by
Hale Jacob Tyler
Bought by
Bpb Properties Llc and Pickett
Seller's Agent
Lori Montieth
Keller Williams Realty
Buyer's Agent
Barry Evans
Keller Williams Realty
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Views
10
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.16%
Original Mortgage
$341,250
Outstanding Balance
$341,250
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
$3,709
Purchase Details
Closed on
Jan 14, 2004
Sold by
Everett Cheryl J and Culpepper Stella J
Bought by
Everett Cheryl J and Culpepper Stella J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $325,000 | Bridge City Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $341,250 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Sold | $325,000 | -7.1% | $276 / Sq Ft |
| 06/15/2025 06/15/25 | Pending | -- | -- | -- |
| 06/06/2025 06/06/25 | For Sale | $350,000 | -- | $298 / Sq Ft |
Source: Greater Chattanooga REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,029 | $46,000 | $0 | $0 |
| 2023 | $1,867 | $46,000 | $0 | $0 |
| 2022 | $1,575 | $46,000 | $0 | $0 |
| 2021 | $1,767 | $46,000 | $0 | $0 |
| 2020 | $1,311 | $26,075 | $0 | $0 |
| 2019 | $1,311 | $26,075 | $0 | $0 |
| 2018 | $1,311 | $26,075 | $0 | $0 |
| 2017 | $1,257 | $26,075 | $0 | $0 |
| 2016 | $1,136 | $0 | $0 | $0 |
| 2015 | $1,136 | $22,075 | $0 | $0 |
| 2014 | $1,136 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lori Montieth
-
Knecole Russell
K
Seller Co-Listing Agent in 2025
Knecole Russell
Keller Williams Realty
(423) 505-8269
2 in this area
37 Total Sales
-
Barry Evans
Buyer's Agent in 2025
Barry Evans
Keller Williams Realty
(423) 838-0606
1 in this area
174 Total Sales
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1514353
APN: 109J-G-030
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