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For sale
    • $274,900

    502 Lullwater Rd, Chattanooga, TN 37405

    3beds
    1,140sqft
    : 
    $1,605/mo
    Get pre-qualified
    Single Family Residence
    Built in 1960
    0.3 Acres Lot
    $-- Zestimate®
    $241/sqft
    $-- HOA

    What's special

    Rec roomLarge deckAll-tile shower with benchQuiet wooded valleyFormal dining area
    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.
    17 days
    |
    351
    |
    32
    |

    Likely to sell faster than

    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: $241/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

        DateEventPrice
        7/9/2026Listed for sale$274,900+43.9%$241/sqft
        Source: Greater Chattanooga Realtors #1538370 Report a problem
        9/7/2021Sold$191,000-4.5%$168/sqft
        Source: Greater Chattanooga Realtors #1339643 Report a problem
        7/30/2021Contingent$199,900$175/sqft
        Source: Greater Chattanooga Realtors #1339643 Report a problem
        7/23/2021Listed for sale$199,900$175/sqft
        Source: Greater Chattanooga Realtors #1339643 Report a problem

        Public tax history

        YearProperty taxesTax 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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 37405

        Getting around

        10 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        7 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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