506 Ely Rd
Hixson, TN 37343
- Studio
- 2,250 sqft (on 0.29 acres)
Studio
2,250 sqft
(on 0.29 acres)
Home Value
Trulia Estimate
$365KSince last month
Decreased$5K (-1.3%)Since last year
Decreased$6K (-1.7%)Since last sale
Increased$115K (+46%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +187% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $365K |
| July 2026 | $370K |
| June 2026 | $372K |
| May 2026 | $377K |
| April 2026 | $368K |
| March 2026 | $365K |
| February 2026 | $381K |
| January 2026 | $382K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.42 | Multi-Family Home | $290,000 | 11/07/25 | 4 | 2 | 1,712 | |
0.90 | Multi-Family Home | $310,000 | 07/24/26 | 12 | 6 | 1,780 | |
1.09 | Multi-Family Home | $292,000 | 06/12/26 | 4 | 2 | 1,500 | |
1.10 | Multi-Family Home | $292,000 | 06/09/26 | 4 | 2 | 1,500 | |
1.21 | Multi-Family Home | $315,000 | 03/10/26 | - | 1,887 | ||
0.99 | Multi-Family Home | $345,000 | 04/29/26 | 3 | 2 | 1,280 | |
1.12 | Multi-Family Home | $400,000 | 10/30/25 | 4 | 3 | 1,953 | |
1.36 | Multi-Family Home | $285,000 | 02/13/26 | 4 | 2.5 | 1,920 | |
1.22 | Multi-Family Home | $567,500 | 06/26/26 | 6 | 4 | 2,730 | |
1.41 | Multi-Family Home | $375,000 | 12/03/25 | 4 | 2 | 1,800 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.07 | $282,600 | 4 | 1 | 1,743 | Off Market | |
0.09 | $326,900 | 2 | 2.5 | 1,354 | Off Market | |
0.13 | $367,400 | 2 | 1 | 1,176 | Off Market | |
0.13 | $283,600 | 3 | 1 | 1,368 | Off Market | |
0.09 | $187,000 | 2 | 1 | 1,054 | Off Market | |
0.18 | $320,000 | 2 | 1 | 1,128 | Recently Sold | |
0.12 | $363,900 | 2 | 2.5 | 1,140 | Off Market | |
0.12 | $263,700 | 2 | 2 | 1,188 | Off Market | |
0.13 | $235,100 | 2 | 2 | 1,188 | Off Market | |
0.18 | - | - | - | - | Off Market | |
0.25 | - | - | - | - | Off Market | |
0.25 | - | - | - | - | Off Market |
Local Information
-- mins to
Home Highlights
Property Type
Multi-Family
Year Built
1972
Lot Size
0.29 acres
Living Area
2,250 sqft
Price/Sqft
$162
About this House
This multi-family home is located at 506 Ely Rd, Hixson, TN. 506 Ely Rd is in Hixson, TN and in ZIP code 37343. This property has approximately 2,250 sqft of floor space. This property has a lot size of 0.45 acres and was built in 1972.
506 Ely Rd, Hixson, TN 37343 is a studio, 2,250 sqft multi-family built in 1972. It last sold for $250,000 on May 15, 2021. It is currently off market. The Trulia Estimate is $365,100, with a rent estimate of $1,339/month.
Home Details for 506 Ely Rd
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|---|
Heating & Cooling Heating: ElectricAir ConditioningCooling System: CentralHeating Fuel: Electric |
Levels, Entrance, & Accessibility Stories: 2 |
Appliances & Utilities Refrigerator |
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Exterior Home Features Roof: Shake ShingleDeckExterior: BrickPatio |
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Year Built Year Built: 1972Year Updated: 1972 |
Property Type / Style Property Type: Multi Family |
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Units in Building: 2 |
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Lot Area: 0.29 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
May 15, 2021 Source: Greater Chattanooga Realtors #1336055 | Sold | $250,000 |
Aug 14, 2019 Source: N/A | Sold | $157,500 |
Jul 29, 2019 Source: Agent Provided | Pending | $164,950 |
Jul 11, 2019 Source: Agent Provided | Listed For Sale | $164,950 |
Jun 10, 2019 Source: Agent Provided | ListingRemoved | $164,950 |
May 26, 2019 Source: Agent Provided | Pending | $164,950 |
May 9, 2019 Source: Agent Provided | PendingToActive | $164,950 |
May 1, 2019 Source: Agent Provided | Pending | $164,950 |
Apr 25, 2019 Source: Agent Provided | PriceChange | $164,950 Price decreased by 50% |
Apr 24, 2019 Source: Agent Provided | Listed For Sale | $329,900 |
Aug 5, 2003 Source: N/A | Sold | $85,000 |
Dec 23, 1997 Source: N/A | Sold | $73,500 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,397 | $230,400 |
Home facts updated by county records
Market trends in Chattanooga
Last updated July 2026
Avg. sale price
$340K
$2.17KMoM
Sale-to-List Price
98.5%
0.1%MoM
Price per sq ft
$195
$1MoM
Available listings
1143
41MoM
Around this home
What Locals Say about Chattanooga
At least 1518 Trulia users voted on each feature.
86 % Say car is needed
79 % Say it's dog friendly
75 % Say yards are well-kept
75 % Say parking is easy
73 % Say there's holiday spirit
60 % Say kids play outside
57 % Say it's quiet
56 % Say people would walk alone at night
51 % Say neighbors are friendly
50 % Say there are sidewalks
49 % Say they plan to stay for at least 5 years
48 % Say streets are well-lit
45 % Say there's wildlife
39 % Say it's walkable to restaurants
35 % Say it's walkable to grocery stores
30 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 506 Ely Rd
- What is 506 Ely Rd estimated to be worth?Trulia's estimated value for 506 Ely Rd in Hixson, TN is $365,100.
- What is the price history for 506 Ely Rd?506 Ely Rd in Hixson, TN last sold for $250,000 in May 2021.
- Is Hixson a buyer's or seller's market?Hixson is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Hixson?The median sale price in Hixson is $340K. That is down $2.17K from the prior month.
- Does 506 Ely Rd have air conditioning?Yes, 506 Ely Rd in Hixson, TN has air conditioning.