- 2 beds
- 1 bath
- 1,176 sqft
- ~2 acre lot
- $297 per sqft
- 1930 build
- – on site
Charm, 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 checked:
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Last updated Jun 16, 2025
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MLS# 1514353 —
The Building
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Year Built:1930
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New Construction:false
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Architectural Style:A-Frame
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Structure Type:House
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Construction Materials:Vinyl Siding
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Levels:One
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Stories:1
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Stories Total:None
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Roof:Aluminum
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Basement:false
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Foundation Details:Block
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Exterior Features:Rain Gutters
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Patio And Porch Features:Porch, Rear Porch
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Building Area Total:1176.0
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Above Grade Finished Area:1176.0
Interior
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Interior Features:Eat-in Kitchen
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Furnished:None
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Flooring:Linoleum, Wood
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Fireplace:false
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Laundry Features:Electric Dryer Hookup, Laundry Room, Washer Hookup
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Zoning Description:None
Room Dimensions
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Living Area:1176.0
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Living Area Units:None
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Living Area Source:Tax Records
Location
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Directions:Head southwest toward I-75 S, Take TN-153 N to N Access Rd. Take the Access Rd exit from TN-153 N, Follow N Access Rd to Ashland Terrace
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Latitude:35.119139
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Longitude:-85.280971
The Property
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Parcel Number:109j G 030
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Property Type:Residential
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Property Subtype:Single Family Residence
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Direction Faces:None
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Possible Use:None
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Other Equipment:None
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Lot Features:Sloped
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Lot Size Acres:2.02
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Lot Size Area:2.02
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Lot Size Dimensions:70X433
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Lot Size SqFt:87991.2
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Lot Size Units:Acres
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Lot Size Source:None
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Additional Parcels:false
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Zoning:None
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Topography:None
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Fencing:None
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View:false
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Pool Private:No
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Waterfront:false
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Road Frontage Type:City Street
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (423) 664-1600
- Office phone:
- (423) 664-1600
Taxes
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Tax Legal Description:PT LOT 1 W F VANDERGRIFF 53 ACRE TR ACT N/R
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Tax Annual Amount:2059.36
Beds
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Bedrooms Total:2
Baths
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Total Baths:1.0
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Total Baths:1
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Full Baths:1
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Three Quarter Baths:None
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Quarter Baths:None
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Partial Baths:None
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Available, Sewer Connected
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Water Source:Public
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Sewer:Public Sewer
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Electric:None
Appliances
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Appliances:Refrigerator, Free-Standing Electric Oven, Electric Water Heater
Schools
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Elementary School:Alpine Crest Elementary
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Elementary School District:None
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Middle Or Junior School:Red Bank Middle
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Middle Or Junior School District:None
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High School:Red Bank High School
The Community
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Subdivision Name:None
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Senior Community:false
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Association:false
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Association Fee 2:None
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Association Fee 2 Frequency:None
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Pets Allowed:None
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Spa Features:None
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Pool Features:None
Parking
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Garage:false
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Attached Garage:false
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Carport:true
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Carport Spaces:1.0
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Parking Features:Driveway, Off Street
Monthly cost estimate

Asking price
$350,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,874
|
Taxes | $171 |
Insurance | $96 |
Utilities | $153 See report |
Total | $2,294/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/16/25
Jun 16, 2025
|
Pending | CHTMLS | $350,000 | |
6/6/25
Jun 6, 2025
|
Listed / Active | CHTMLS | $350,000 |