1020 Virginia Ave, Nashville, TN 37216, Nashville, 37216 - 3 bed, 1 bath
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1020 Virginia Ave
Nashville, TN 37216
ACTIVE
CONDITION: GOOD
3Beds
1Baths
1,400Sq Ft
20,909Lot Size
Property Price
LIST PRICE$459,900
EST. MARKET VALUE
$464,288
SUMMARY
This 1940s Craftsman Bungalow is a Strong Value Opportunity, listed at $459,900—positioned well below the $464,288 Fair Market Value by 0.94%. This valuation gap offers $4,388 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home retains historic character with original hardwoods and a massive 20,909 sqft lot. While the single-bath layout suggests future modernization, the property offers immediate stability and lifestyle appeal. This is an ideal acquisition for Owner-Occupants seeking a historic home or first-time buyers.
Estimated Market Value
$464,288
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 |
|---|---|---|---|---|---|---|
★ 1020 Virginia Ave Subject 3 bd · 1 ba · 1,400 sqft · $332 | $459,900* List Price | 3 | 1 | 1,400 | $332 | - |
A 907 Joyce Ln Sold 3 bd · 2 ba · 1,439 sqft · $354 · 1.0 mi | $510,000 | 3 | 2 | 1,439 | $354 | 1.0 mi |
B 902 McMahan Ave Sold 3 bd · 2 ba · 1,443 sqft · $346 · 0.4 mi | $499,000 | 3 | 2 | 1,443 | $346 | 0.4 mi |
C 1241 Ardee Ave Sold 3 bd · 2 ba · 1,501 sqft · $366 · 0.5 mi | $549,900 | 3 | 2 | 1,501 | $366 | 0.5 mi |
D 905 Joyce Ln Sold 3 bd · 2 ba · 1,544 sqft · $233 · 1.0 mi | $360,000 | 3 | 2 | 1,544 | $233 | 1.0 mi |
E 4311 Saunders Ave Sold 4 bd · 2 ba · 1,380 sqft · $388 · 0.7 mi | $535,000 | 4 | 2 | 1,380 | $388 | 0.7 mi |
F 4428 Saunders Ave Sold 3 bd · 2 ba · 1,548 sqft · $296 · 0.9 mi | $457,500 | 3 | 2 | 1,548 | $296 | 0.9 mi |
G 800 Oak St Active 3 bd · 2 ba · 1,143 sqft · $402 · 0.5 mi | $460,000 List Price | 3 | 2 | 1,143 | $402 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1948 but shows evidence of thoughtful maintenance and partial updates. The bathroom features a modern vanity and fixtures (likely <15 years old), and the original hardwood floors and interior paint appear to be in move-in ready condition. While some elements like the windows and shower tile are older, the home is functional and well-preserved.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 1400.
- Historic Character
This 1940s Craftsman bungalow features well-preserved original hardwood floors, shiplap details, and authentic architectural charm that is difficult to replicate in modern constructions.
- Expansive Level Lot
The property boasts a rare, nearly half-acre flat and fully fenced backyard, providing exceptional space for gardening, outdoor entertaining, or potential future expansions in a desirable urban setting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Limited Bathroom Count
With three bedrooms but only one bathroom, the home's layout may present functional challenges for families and could impact long-term resale appeal compared to homes with multiple baths.
- Vintage Infrastructure
Built in 1948 and retaining original windows, the property may require ongoing maintenance and higher utility costs due to the age of the structure and its insulation systems.
About 1020 Virginia Ave
Charming 1940s Craftsman bungalow just minutes from the heart of East Nashville! Filled with the kind of character and craftsmanship that’s hard to replicate. Beautifully maintained and thoughtfully cared for, this home features original hardwood floors, shiplap details, and original windows that preserve its historic charm, with storm windows added for additional insulation. Out back, the nearly half-acre, flat and fully fenced yard offers an incredible amount of space to garden, entertain, play, or simply enjoy a little breathing room in the city. A detached garage provides additional storage, workshop, or creative space. With its timeless details, generous yard, and convenient location, this is a home that feels special the moment you arrive, full of warmth, history, and room to make it your own. FHA ASSUMABLE LOAN WITH A 3.125% INTEREST RATE.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 20,909 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 1.0 | 3.0 |
| Square foot | 1,400 | 2,045.139 |
| Lot Size | 20,909 | 10,890 |
| Price | $459.9K | $556.0K |
| Price per sq ft | $328 | $305 |
| Built year | 1948 | 1971 |
| HOA | $0 | $133 |
| Days on market | 34 | 70 |
Pricing History
Listed for Sale
Sep 20, 2026
$459,900
Initial Listing
Sold
Jul 31, 1997
$79,250
Public Record