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About this home
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.
Lovely home just minutes from downtown Chattanooga with access to excellent restaurants, varied hotels, Bluff View Art District, TN Aquarium, and the beautiful Riverwalk. Charming home has recent laminate and tile floors with original hardwood under current flooring which you can see under carpet cut for 2nd BR. Well maintained. Remodeled $20,000 kitchen from tile flooring & artistic tile backsplash to recently stainless refrigerator and stainless gas stove. Bathroom has $7,000 remodel with hand laid tile for the roomy shower and Martha Stewart vanity. Third BR is currently used for a den with fireplace. No building permitted on vacant lot on one side affording extra privacy. Level fenced in back yard with nice storage that remains. Cooks Pest Control provides the Pest Control. Owner will provide recent termite letter. Large deck being painted. Owner prefers cash or conventional loan. Will give preference if willing to give 6 weeks to close.
Year
Property tax
Land + Additions
Assessment*
2025
$1,780 (+24.9%)
2024
$1,425
2023
$1,425 (+16.3%)
2022
$1,226 (+3.4%)
2021
$1,186 (+6.2%)
2020
$1,117
2019
$1,117
2018
$1,117 (+4.3%)
2017
$1,070 (+1.8%)
2016
$1,051 (+17.4%)
2014
$895
Public record
Beds
—
Baths
—
Stories
1
Lot width
90 ft.
Lot depth
150 ft.
Lot size
1 Acre
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,128
Year built
1960
Style
Single Family Residential
County
Hamilton County
APN
126C B 030
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2026.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
8 days above 104° expected this year, 23 days in 30 years
4/10 Wind Factor
10% chance of strong winds in next 30 years
4/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Chattanooga, TN • 37405
Average low and high temperatures (°F)
43
27
54
36
66
46
74
55
73
59
82
66
86
70
80
66
78
63
70
53
60
45
50
35
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
65/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
7 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 502 Lullwater Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $235,000 and $399,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $235K to $399K.