$325,000
$350,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
1,176 SqFt
SOLD DATE : 07/31/2025
Key Details
Sold Price $325,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $276
MLS Listing ID 1514353
Sold Date 07/31/25
Style A-Frame
Bedrooms 2
Full Baths 1
Year Built 1930
Lot Size 2.020 Acres
Acres 2.02
Lot Dimensions 70X433
Property Sub-Type Single Family Residence
Property Description
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!
Location
State TN
County Hamilton
Area 2.02
Interior
Interior Features Eat-in Kitchen
Heating Central
Cooling Central Air
Flooring Linoleum, Wood
Equipment None
Fireplace No
Appliance Refrigerator, Free-Standing Electric Oven, Electric Water Heater
Heat Source Central
Laundry Electric Dryer Hookup, Laundry Room, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, Off Street
Carport Spaces 1
Garage Description Driveway, Off Street
Pool None
Utilities Available Electricity Available, Sewer Connected
Roof Type Aluminum
Porch Porch, Rear Porch
Garage No
Building
Lot Description Sloped
Faces 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
Story One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Structure Type Vinyl Siding
Schools
Elementary Schools Alpine Crest Elementary
Middle Schools Red Bank Middle
High Schools Red Bank High School
Others
Senior Community No
Tax ID 109j G 030
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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