518 Ely Rd
Hixson, TN 37343
- 3 Beds
- 1 Bath
- 1,200 sqft (on 1 acre)
3 Beds
1 Bath
1,200 sqft
(on 1 acre)
Local Information
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Description
***This property is now in a multiple offer situation. Please complete and email back to me the following: 1. The 2 -page highest and best offer sheet in the MLS folder 2. Freddie Mac multiple offer acknowledgment form also in the MLS folder. 3. Bank letter proof of funds or prequalification. Please make sure buyer signs all forms and they are returned to me by 5 PM May 29, 2013. If you don't fully comply with these documents your offer cannot be entered into the Freddie Mac home steps connect system.*** EMAIL IS BEST CONTACT FOR LISTING BROKER! Freddie Mac First Look Initiative :: Freddie Mac will offer homebuyers and select non-profits an exclusive opportunity to purchase HomeSteps homes prior to competition from investors through the Freddie Mac First Look Initiative. This on-going initiative offers owner occupant homebuyers, Neighborhood Stabilization Program (NSP) grantees and non-profits engaged in community stabilization efforts the ability to purchase HomeSteps homes during their initial 15 days of listing, without competition from investors. The purchaser does not need to be a first time homebuyer to be eligible provided, however, that they are buying the home as their residence. FOR MORE ON FIRST LOOK goto: http://www.homesteps.com/homebuyer/firstlook.html. The property is marketed in AS-IS, WHERE IS condition only. It is the sellera??s intention NOT to repair or rehab this property. Please submit all offers using the OFFER WORKSHEET in the MLS document folder (D) DO NOT send the actual TAR contract until after you are notified that a verbal agreement has been reached. A LOAN COMMITMENT letter or proof of funds is required on all offers. If the offer is cash, you must furnish proof buyer has cash to close at time of offer and obtain. If offer has financing, you must obtain an APPROVED loan commitment letter from a direct lender, based upon approved credit and income before submitting offer. All offers require a hard close date (not 30 days from acceptance, etc) to be considered. If the offer is cash, the seller will only accept a close date that reflects up to a 21-day escrow period. If an offer has a financing contingency, the seller will only accept a close date that reflects up to a 30-day escrow period. Please be aware the seller will strictly enforce the close date so please make sure it is realistic. A per Diem fee UP TO $200 will be charged to the buyer if closing is delayed due to any fault of the buyer, buyera??s lender, or buyera??s agent. All earnest money deposits should be 2% of purchase price (or $1000 minimum). If an offer has financing SEND COMMITMENT LETTER - CREDIT ALREADY APPROVED! If an offer is cash, the buyera??s escrow deposit will become non-refundable after the inspection period if no written objection or notice of cancellation was received. All commission is NET sales price. ALL OFFERS ARE SUBJECT TO FINAL MANAGEMENT APPROVAL, WHETHER OR NOT FORMALLY STATED IN AN OFFER OR COUNTER-OFFER, until a contract is formally executed. ** Due to the high degree of theft at these vacant REO Properties, the seller does not guarantee the existence of any equipment or personalities prior to offer. ALL Appliances, Heating, Cooling, etc, IF ANY AT THIS PROPERTY ARE SOLD STRICTLY "AS IS" "NO WARRANTIES, NO REPAIRS, NO GUARANTEE OF OPERATION OR CONDITION".
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 518 Ely Rd
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Heating & Cooling Heating: OtherHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 1 |
Interior Details Number of Rooms: 6Types of Rooms: Dining RoomCeiling Fan |
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Exterior Home Features Roof: OtherExterior: Other |
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Year Built Year Built: 1938Year Updated: 1938 |
Property Type / Style Property Type: Single Family HomeArchitecture: Other |
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Units in Building: 1 |
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Lot Area: 1 acre |
Price History for 518 Ely Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 06/28/2013 | $74,900 | Sold | Greater Chattanooga Realtors #1192465 |
| 05/31/2013 | $74,900 | Pending | Agent Provided |
| 05/19/2013 | $74,900 | PriceChange | Agent Provided |
| 04/23/2013 | $79,900 | PriceChange | Agent Provided |
| 03/29/2013 | $94,900 | Listed For Sale | Agent Provided |
| 01/18/2013 | $73,015 | Sold | N/A |
| 11/02/2007 | $119,000 | Sold | N/A |
| 05/23/2005 | $79,308 | Sold | N/A |
| 04/18/2001 | $80,000 | Sold | N/A |
Market trends in Chattanooga
Last updated April 2026
Avg. sale price
$313K $5KMoM
Sale-to-List Price
97.8% 0.1%MoM
Price per sq ft
$188 $2MoM
Available listings
1046 79MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $862 |
| Assessment | $227,600 |
Home facts updated by county records
Comparable Sales for 518 Ely Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.30 | Single-Family Home | $279,900 | 06/18/25 | 3 | 1 | 1,150 | |
0.53 | Single-Family Home | $130,000 | 10/20/25 | 2 | 1 | 983 | |
0.19 | Single-Family Home | $320,000 | 05/20/26 | 2 | 1 | 1,128 | |
0.50 | Single-Family Home | $132,000 | 02/26/26 | 3 | 1 | 1,215 | |
0.29 | Single-Family Home | $244,500 | 11/26/25 | 2 | 1 | 1,006 | |
0.20 | Single-Family Home | $335,000 | 02/27/26 | 3 | 1.5 | 1,407 | |
0.27 | Single-Family Home | $290,000 | 09/30/25 | 3 | 2 | 1,219 | |
0.54 | Single-Family Home | $235,000 | 10/09/25 | 3 | 1 | 1,118 | |
0.50 | Single-Family Home | $285,000 | 08/15/25 | 3 | 1 | 1,488 | |
0.50 | Single-Family Home | $187,500 | 09/19/25 | 3 | 1 | 1,391 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 518 Ely Rd.
What Locals Say about Chattanooga
At least 1517 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
49 % 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.
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518 Ely Rd, Hixson, TN 37343 is a 3 bedroom, 1 bathroom, 1,200 sqft single-family home built in 1938. This property is not currently available for sale. 518 Ely Rd was last sold on Jun 28, 2013 for $74,900. The current Trulia Estimate for 518 Ely Rd is $250,300.