1216 Preston Dr, Nashville, TN 37206, Nashville, 37206 - 4 bed, 2 bath
Loading property details...
Nashville, TN 37206
This Renovated Mid-Century Ranch with Income Potential is listed at $699,900, reflecting a premium for its dual-living configuration relative to the $648,467 Fair Market Value. The property holds a Mint Condition Rating after a high-end renovation featuring a designer kitchen and modern bathrooms. Its primary value-add is the separate walk-out basement apartment, offering a turnkey "house hacking" solution to offset ownership costs. Situated on an oversized 0.55-acre lot with a private deck and zoned for Rosebank Elementary, this home is a strategic choice for Owner-Occupants or House-Hackers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1216 Preston Dr Subject | $699,900* List Price | 4 | 2 | 1,814 | $357 | - |
A 2703 Meadow Rose Dr Active | $570,000 List Price | 3 | 2 | 1,926 | $296 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Though built in 1959, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a brand-new kitchen with modern cabinetry and stone countertops, designer-updated bathrooms with contemporary tile and fixtures, and updated systems including a modern HVAC unit. The interior shows mint condition with fresh paint, recessed lighting, and refinished hardwoods.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23958, living area = 1814.
The fully separate walk-out basement apartment with its own entrance and kitchenette provides a rare opportunity for significant rental income or a versatile space for a home studio or guest suite.
The home features a brand-new kitchen, updated bathrooms, and contemporary lighting, blending mid-century charm with modern functionality for a move-in-ready experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1814, other record living area = 1694. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
While zoned for Rosebank Elementary, the property is served by middle and high schools with lower academic ratings, which may be a concern for education-focused buyers.
Despite the extensive cosmetic renovations, the 1959 construction may still harbor aged underlying systems such as plumbing or electrical that could require future maintenance or upgrades.
Beautifully renovated mid-century ranch in the heart of East Nashville offering a rare blend of flexibility and income potential. Featuring 4 bedrooms and 2 full baths, this home is thoughtfully configured with 3 bedrooms and 1 bath on the main level, plus a fully separate walk-out basement apartment with 1 bedroom, 1 bath, kitchenette, living area, and private entrance. Ideal for short-term rental or extended stay, the lower level presents an opportunity to generate substantial income that could offset a significant portion—potentially even the entirety—of the mortgage. For those not seeking rental income, the basement offers exceptional versatility as a music studio, in-law suite, home office, gym, or creative space. The home also features a brand-new kitchen, updated baths, fresh paint, modern lighting, and an attached garage. Situated on an oversized lot just over half an acre—extending beyond the rear picket fence to the neighboring privacy fence—and zoned for sought-after Rosebank Elementary, this property combines space, location, and lifestyle in one compelling offering.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 0.7 mi
Grades 5-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,814 | 1,814 | 50% |
| Lot Size | 23,958 | 8,276 | 98% |
| Price | $699.9K | $555.0K | 68% |
| Price per sq ft | $386 | $356 | 61% |
| Built year | 1959 | 1938 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 775 | 1% |
May 3, 2026
$699,900
Initial Listing