
Nashville, TN 37204
This Prime Residential Development Site is listed at $999,000, representing a strategic land-value acquisition relative to the $864,904 Fair Market Value. The core value of this Asset is the expansive 0.49-acre lot with mature trees and a Condition Rating of 6. Located in the prestigious Green Hills area, the property offers massive Value-Add potential through new construction within the elite Glendale Elementary School zone (rated 9/10). This high-demand site is an exceptional opportunity for Luxury Home Developers or Custom Builders looking to capitalize on Nashville's premium residential market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1009 Glendale Ln Subject | $999,000* List Price | 1 | 1 | 1,776 | $487 | - |
A 947 Greerland Dr Sold | $1,000,000 List Price | 3 | 2 | 1,767 | 0.6 mi | |
B 4043 Outer Dr Sold | $1,000,000 | 2 | 1 | 1,442 | $693 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1929 (95 years old) with no recorded renovations, this property is marketed 'AS IS' with an explicit focus on its development potential for new construction. The 1-bedroom, 1-bathroom configuration for a 1,776 sqft structure and the $999,000 price tag for a half-acre lot in Green Hills indicate the value is almost entirely in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21344, living area = 1776.
Elementary School: Glendale Elementary School (9/10).
The expansive 0.49-acre lot with mature trees in the prestigious Green Hills/Glendale Park area offers a rare opportunity for significant expansion or high-end new construction.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1776, other record living area = 3482. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 4.
The current 1-bedroom, 1-bathroom layout is highly unconventional for the price point and location, necessitating a major renovation or rebuild to suit modern buyer needs.
The property is being sold in as-is condition, indicating that the buyer will likely face immediate capital expenditures for repairs or site preparation.
Classic 1920's cottage in the Glendale Park area of Green Hills. The home has architectural character and charm and being sold AS IS. The 0.49 acre lot has mature trees with the potential for so much more. The cottage has a heated and cooled basement, generator, and unfinished accessible attic storage with a finished staircase. The cottage has potential as it sits, great for expansion or the property could be developed with new construction as codes allow.
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades K-4 • 2.4 mi
Grades K-4 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 1% |
| Baths | 1.0 | 3.0 | 16% |
| Square foot | 1,776 | 2,442 | 29% |
| Lot Size | 21,344 | 18,513 | 73% |
| Price | $999.0K | $925.0K | 56% |
| Price per sq ft | $562 | $414 | 71% |
| Built year | 1929 | 1950 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 908 | 1% |
Mar 21, 2026
$999,000
Initial Listing