Tennessee
Chattanooga
505 Ashland Terrace

$350,000

505 Ashland Terrace, Chattanooga, TN 37415

2 beds |
1 bath |
1,176 sqft

Single-Family Home
Built in 1930
2.02acre lot
—— car garage
$298/sqft
Listed 1 month ago

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!

Listing Status:: Pending
Date Added:: June 6, 2025 at 05:00AM
Listing Office:: Keller Williams Realty : 423-664-1600
MLS ID:: 1514353

This listing courtesy of Keller Williams Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Alpine Crest Elementary School

4700 Stagg Rd, Chattanooga, TN, 37415

Grades KG-5

0.91 miles away

Red Bank Middle School

3701 Tom Weathers Dr, Chattanooga, TN, 37415

Grades 6-8

1.38 miles away

Red Bank High School

640 Morrison Springs Rd, Chattanooga, TN, 37415

Grades 9-12

1.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.