1103 Harmony Way 49, Nashville, TN 37207, Nashville, 37207 - 3 bed, 3 bath
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1103 Harmony Way 49
Nashville, TN 37207
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
2,027Sq Ft
871Lot Size
Property Price
LIST PRICE$449,900
EST. MARKET VALUE
$455,291
SUMMARY
This property represents a High-Potential Investment Opportunity, listed at $449,900—positioned well below the $455,291 Fair Market Value by 1.18%. This valuation gap offers $5,391 in Instant Equity. Featuring a Mint Condition Rating and a private rooftop deck, this 2020-built asset is optimized for the short-term rental market. While school ratings are modest, the property’s proximity to downtown and turnkey status make it a prime acquisition for Buy-and-Hold Investors or Short-Term Rental Operators seeking immediate revenue potential.
Estimated Market Value
$455,291
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2020, this property is less than 5 years old and in mint condition. The kitchen and bathrooms feature modern finishes, including white shaker cabinets, granite countertops, and stainless steel appliances. All major systems (HVAC/Electric) are contemporary, and the home is move-in ready with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Potential
The property is positioned as a lucrative Short-Term Rental (STR) with potential NOO STR eligibility and demonstrated comparable annual revenue between $49K and $78K.
- Modern Turnkey Amenities
Built in 2020, this fully furnished home features a spacious 2,027 SF layout, a private rooftop deck, and an attached 2-car garage, making it move-in ready for the group travel market.
- Exceptional Value and Location
Priced under $450K and located just minutes from Downtown Nashville, the property offers a competitive price point for a 3-bedroom residence in a high-demand urban corridor.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 777.
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 871, living area = 2027.
- Underperforming School District
The assigned middle and high schools carry low ratings (2/10), which may decrease the property's appeal to long-term owner-occupant families.
About 1103 Harmony Way 49
NEW PRICE! Opportunity to own a fully furnished 3BR/3BA Nashville property for under $450K with potential for NOO STR eligibility through the MIPA process. With over 2,000 SF, an attached 2-car garage, and a private rooftop deck, the layout offers great potential to be refreshed for Nashville’s group and corporate travel market, from business trips and events to birthday weekends and bachelor/bachelorette stays. It is currently operating as a short-term rental, with the owners also enjoying significant personal use throughout the year. Design concept images are provided, illustrating the property’s potential along with performance data from four comparable 3BR rentals demonstrating year-round booking performance and the potential for this unit when available year-round. Comparable units generated approximately $49K–$78K in after-tax revenue with ADRs of $382–$448. Offered fully furnished and minutes from Downtown Nashville! 1% lender credit with use of preferred lender.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2020
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $175 / Month
Neighborhood Insights
Nashville Unified Schools
Tom Joy Elementary School
Grades PK-4 • 0.5 mi
6/10
Shwab Elementary School
Grades PK-4 • 1.0 mi
6/10
Jere Baxter Middle School
Grades 5-8 • 1.2 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,027 | 2,045.139 |
| Lot Size | 871 | 10,890 |
| Price | $449.9K | $556.0K |
| Price per sq ft | $222 | $305 |
| Built year | 2020 | 1971 |
| HOA | $175 | $133 |
| Days on market | 39 | 70 |
Pricing History
Listed for Sale
Sep 15, 2026
$449,900
Initial Listing