1040 Mulberry Way, Nashville, TN 37207, Nashville, 37207 - 4 bed, 2 bath
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1040 Mulberry Way
Nashville, TN 37207
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,881Sq Ft
4,792Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$415,507
3% BelowMARKET VALUE
SUMMARY
This Fully Renovated Single Family Residence is a Strong Value Opportunity, listed at $399,000—positioned well below the $415,507 Fair Market Value by 3%. This valuation gap offers $16,507 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with 2026 upgrades, a Main-Level Primary Suite, and a Private Wooded View, the home offers a turnkey lifestyle. While school ratings are moderate, the functional layout and recent system updates make this an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in-ready home.
Estimated Market Value
$415,507+$16,507 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1040 Mulberry Way Subject | $399,000* List Price | 4 | 2 | 1,881 | $221 | - |
A 4325 Skyridge Dr Sold | $449,000 | 4 | 3 | 2,018 | $222 | 0.3 mi |
B 3000 Sapgate Ln NW Sold | $414,000 | 4 | 3 | 1,744 | $237 | 0.7 mi |
C 2737 Thornton Grove Blvd Sold | $418,000 | 3 | 2 | 1,533 | $273 | 0.9 mi |
D 4352 Skyridge Dr Sold | $485,000 | 5 | 3 | 2,400 | $202 | 0.3 mi |
E 1066 Cone Blvd Sold | $407,500 | 4 | 3 | 1,680 | $243 | 0.8 mi |
F 3116 Lauren Evelyn Way Sold | $280,000 | 4 | 2 | 1,276 | $219 | 0.7 mi |
G 4936 Trail Ridge Ct Active | $470,000 List Price | 4 | 3 | 1,934 | $243 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property was fully renovated in 2026, featuring brand new bathrooms, flooring, and essential system upgrades to electrical and plumbing. Given the renovation is less than 5 years old and the interior is in mint, move-in-ready condition, it meets the 'Excellent' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive 2026 Renovations
The property has undergone extensive recent updates, including new flooring, bathrooms, and essential electrical and plumbing upgrades, ensuring a move-in-ready experience with minimal immediate maintenance.
- Highly Functional Layout
The floor plan is optimized for modern living with a desirable main-level primary suite and a large upstairs bonus room, providing excellent separation of space and versatility for families or entertaining.
- Private Outdoor Setting
Located on a quiet street with a tree-lined backyard, the home offers a level of privacy and tranquility that is highly sought after in the Nashville suburban market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1881, other record living area = 1842. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Underperforming School District
The assigned public schools have relatively low ratings (ranging from 2 to 4), which may be a concern for families prioritizing education and could impact future resale value.
- Compact Lot Size
At just 4,792 square feet, the lot is relatively small for a four-bedroom single-family residence, limiting outdoor space for recreation or potential property expansions.
About 1040 Mulberry Way
Fully renovated in 2026, this home is located in desirable Mulberry Downs and is convenient to everything! Enjoy the optimal floor plan with the main level Primary Suite, living, kitchen and dining areas. Upstairs flows into an oversized bonus room great for entertaining, three additional bedrooms, and a full guest bathroom. The quiet street and the tree-lined backyard add privacy, allowing you to enjoy the yard and porch areas. Renovations include all new bathrooms, new flooring throughout, electrical and plumbing upgrades, plus fresh paint in all rooms. Close to East Nashville Favorites: Eastside Bowl, El Fuego Restaurant, East Nashville Beer Works, Dose Coffee + Tea, Nashville Public Library Inglewood and Madison Branches, Club Pilates, Burn Boot Camp, Hola Yoga East, Margaret Maddox Family YMCA, and so much MORE!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1992
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $15 / Month
Neighborhood Insights
Nashville Unified Schools
Bellshire Elementary Design Center
Grades PK-4 • 1.1 mi
4/10
Madison Middle Prep
Grades 5-8 • 2.9 mi
3/10
Hunters Lane Comp High School
Grades 9-12 • 1.9 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,881 | 2,093.129 |
| Lot Size | 4,792 | 10,890 |
| Price | $399.0K | $568.3K |
| Price per sq ft | $212 | $307 |
| Built year | 1992 | 1971 |
| HOA | $15 | $137 |
| Days on market | 25 | 69 |
Pricing History
Listed for Sale
Aug 15, 2026
$399,000
Initial Listing