1004B Clay St, Nashville, TN 37208, Nashville, 37208 - 3 bed, 2 bath
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1004B Clay St
Nashville, TN 37208
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,500Sq Ft
5,663Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$375,282
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $375,282 Fair Market Value by -6%. While the home has a Fair Condition Rating, its R6 Zoning and Buchanan Arts District location offer significant long-term upside for development. The functional one-level layout, attached garage, and enclosed parking pad provide immediate utility in a high-demand urban corridor. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage future build potential in a vibrant, growing neighborhood.
Estimated Market Value
$375,282
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1004B Clay St Subject 3 bd · 2 ba · 1,500 sqft · $250 | $399,000* List Price | 3 | 2 | 1,500 | $250 | - |
A 2108 15th Ave N Sold 3 bd · 2 ba · 1,356 sqft · $288 · 0.3 mi | $389,900 | 3 | 2 | 1,356 | $288 | 0.3 mi |
B 1016 Looby Cir Active 3 bd · 2 ba · 993 sqft · $327 · 0.1 mi | $325,000 List Price | 3 | 2 | 993 | $327 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1998 (26 years old), the home exceeds the 20-year threshold for 'Good' without evidence of a recent major renovation. While described as move-in ready, interior photos show dated elements like popcorn ceilings and standard finishes, placing it in the 'Fair' category requiring minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the heart of the Buchanan Arts District, the property offers excellent walkability to trendy coffee shops, restaurants, and local businesses in a vibrant, growing neighborhood.
- Development Potential
The R6 zoning provides significant long-term value and versatility, offering buyers the rare opportunity for a future new build or expansion in a high-demand urban area.
- Functional Layout and Parking
The home features highly desirable one-level living, an attached garage, and an additional enclosed parking pad, providing convenience and security that is often hard to find at this price point.
CONSRISKS & DEFICIENCIES
- Market Competition
Built in 1998, the home may feel dated and face stiff competition from the influx of modern new construction homes prevalent throughout the immediate vicinity.
- Limited Outdoor Space
With a lot size of 5,663 square feet, the yard space is relatively compact, which may be a drawback for buyers seeking significant green space or privacy between neighbors.
About 1004B Clay St
Located in the heart of Nashville's Buchanan Arts District is this cozy 3 bed, 2 bathroom, one-level living home. The property boosts an attached garage, fenced front and backyards, a screened in front porch and an enclosed parking pad. Minutes from coffee shops, restaurants, gyms and other businesses, the neighborhood is a vibrant mix of new construction and existing homes. Although this home is move-in ready it's also zoned R6 giving buyers more options for a future build.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,500 | 2,045.139 |
| Lot Size | 5,663 | 10,890 |
| Price | $399.0K | $556.0K |
| Price per sq ft | $266 | $305 |
| Built year | 1998 | 1971 |
| HOA | $0 | $133 |
| Days on market | 27 | 70 |
Pricing History
Listed for Sale
Sep 27, 2026
$399,000
Initial Listing