Skip to main content
Back to Search Results
|

505 Ashland Terrace, Chattanooga, TN 37415

Show All 29 Photos
For Sale
Sale Pending

$350,000

2 beds • 1 baths • 1,176 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $297.62
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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!
MLS# 1514353

Courtesy Of Keller Williams Realty

(423) 664-1600

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Appliances
    Refrigerator
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Floor Covering
    Linoleum, Wood
  • Lot Size
    2.02 Acres

Map and Directions

Directions to 505 Ashland Terrace, Chattanooga, TN 37415

Home seller CENTURY 21 Prestige

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Prestige

(423) 498-3200
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Loading