Tucked into a quiet wooded valley at the southern end of Red Bank, this 3-bedroom, 1-bath home offers a peaceful setting with I-24, downtown, and multiple parks within 10 minutes--without Northshore prices or Chattanooga's 38% higher tax rate. The expensive, unglamorous work was done in 2022: new roof, new gutters, new double-pane windows, new commercial water heater, encapsulated crawlspace with drain and dehumidifier, new ductwork, and HVAC updates. Bathroom has an all-tile shower with bench. 2 flexible rooms can create a large and sunny
bedroom with private entrance, office, rec room, playroom, formal dining area, or workshop. Outside offers a large deck, fenced yard with
southern exposure for gardening, carport, shed, and extra privacy thanks to adjacent city utility land. Not a modern flip, but not a reno
project--ideal for buyers seeking a safe, reliable sanctuary without paying a premium for purely cosmetic work. Buyer encouraged to have agent; pre-qualification letter required.
For sale
Price cut: $10K (8/26)
$249,900
502 Lullwater Rd, Chattanooga, TN 37405
3beds
1,140sqft
Single Family Residence
Built in 1960
0.3 Acres Lot
$-- Zestimate®
$219/sqft
$-- HOA
What's special
Rec roomLarge deckAll-tile shower with benchQuiet wooded valleyFormal dining area
- 63 days
- 472
- 45
Zillow last checked:
Listing updated:
Listed by:
Jenna Flynn 615-981-1249,
Flynn Realty 615-685-1041
Source: Greater Chattanooga Realtors,MLS#: 1538370
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Disposal, Dishwasher, Free-Standing Gas Range, Gas Water Heater, Refrigerator
- Laundry: Laundry Closet, Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Hardwood, Luxury Vinyl, Plank, Tile
- Windows: Insulated Windows, Vinyl Frames
- Basement: Crawl Space
- Has fireplace: Yes
Interior area
- Total structure area: 1,140
- Total interior livable area: 1,140 sqft
- Finished area above ground: 1,140
Property
Parking
- Total spaces: 1
- Parking features: Other
- Carport spaces: 1
Features
- Levels: One
- Patio & porch: Deck, Patio
- Exterior features: None
- Fencing: Fenced
Lot
- Size: 0.3 Acres
- Dimensions: 90 x 150
- Features: Level
Details
- Parcel number: 126c B 030
- Other equipment: Dehumidifier
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: Rustic
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $243,300
- Annual tax amount: $1,780
- Date on market: 7/9/2026
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Price change | $249,900-3.8%$219/sqft |
Source: Greater Chattanooga Realtors #1538370 Report a problem | ||
| 8/10/2026 | Price change | $259,900-5.5%$228/sqft |
Source: Greater Chattanooga Realtors #1538370 Report a problem | ||
| 7/9/2026 | Listed for sale | $274,900+43.9%$241/sqft |
Source: Greater Chattanooga Realtors #1538370 Report a problem | ||
| 9/7/2021 | Sold | $191,000-4.5%$168/sqft |
Source: Greater Chattanooga Realtors #1339643 Report a problem | ||
| 7/30/2021 | Contingent | $199,900$175/sqft |
Source: Greater Chattanooga Realtors #1339643 Report a problem | ||
| 7/23/2021 | Listed for sale | $199,900$175/sqft |
Source: Greater Chattanooga Realtors #1339643 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,780 +24.9% | $60,825 +104.3% |
| 2024 | $1,425 | $29,775 |
| 2023 | $1,425 +16.3% | $29,775 |
| 2022 | $1,226 +84% | $29,775 |
| 2021 | $666 +8.3% | $29,775 +33.8% |
| 2020 | $615 | $22,250 |
| 2019 | $615 | $22,250 |
| 2018 | $615 -44.9% | $22,250 |
| 2017 | $1,117 +6.2% | $22,250 |
| 2016 | $1,051 | -- |
| 2015 | $1,051 | $20,875 |
| 2014 | $1,051 -7.6% | -- |
| 2013 | $1,138 | $20,875 -6.9% |
| 2012 | $1,138 | $22,425 |
| 2011 | $1,138 | $22,425 |
| 2010 | $1,138 +7.9% | $22,425 |
| 2009 | $1,055 | $22,425 +19.1% |
| 2008 | -- | $18,825 |
| 2007 | -- | $18,825 |
| 2006 | -- | $18,825 |
| 2005 | -- | $18,825 +14.8% |
| 2004 | -- | $16,400 |
| 2003 | -- | $16,400 |
| 2002 | -- | $16,400 |
| 2001 | -- | $16,400 +17.1% |
| 2000 | -- | $14,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 37405
Nearby schools
Schools provided by the listing agent
- Elementary: Red Bank Elementary
- Middle: Red Bank Middle
- High: Red Bank High School
Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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