
Nashville, TN 37215
This property presents a High-Potential Investment Opportunity with a List Price of $800,000—positioned slightly above the $788,520 Fair Market Value. While the current structure holds a Condition Rating of 6, the real value lies in the 0.36-acre lot located in a prestigious 37215 neighborhood. With top-tier schools like Glendale Elementary (9/10) nearby, the site is primed for a luxury teardown and new construction. This is a strategic acquisition for Real Estate Developers or Custom Home Builders seeking to maximize land utility in a high-demand market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1227 Battlefield Dr Subject 2 bd · 1 ba · 1,403 sqft · $562 | $800,000* List Price | 2 | 1 | 1,403 | $562 | - |
A 1720 N Observatory Dr Active 4 bd · 3 ba · 1,892 sqft · $518 · 0.8 mi | $980,000 List Price | 4 | 3 | 1,892 | $518 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1949 (75 years old) with no mention of renovations. The listing explicitly markets the property as a 'development opportunity' for 'new construction' and 'redevelopment,' stating the 'real opportunity lies in the land' and its potential for a 'standout new residence.'
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15682, living area = 1403.
Elementary School: Glendale Elementary School (9/10).
The 0.36-acre mostly level lot provides an ideal canvas for redevelopment or a custom luxury residence in a neighborhood already transitioning to million-dollar-plus homes.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The current 1949-built, 2-bedroom, 1-bathroom home is significantly undersized and outdated compared to neighboring properties, likely requiring a full teardown to maximize the site's value.
While elementary options are strong, the local high school ratings (ranging from 2 to 4) may be a concern for families prioritizing long-term public education continuity.
A rare development opportunity in a highly desirable Nashville setting, this approximately 0.36-acre, mostly level lot offers exciting potential surrounded by newer construction and million-plus-dollar homes. The property currently features a 2-bedroom, 1-bathroom home with approximately 1,403 square feet, providing an existing structure while the real opportunity lies in the land and its future possibilities. The mostly level lot offers a strong canvas for redevelopment, new construction, or creating a custom residence that takes advantage of the surrounding neighborhood. Located among attractive newer homes and high-value properties, this setting provides an exceptional opportunity for builders, developers, investors, or buyers looking to create something special in an established and sought-after area. With its generous lot size, surrounding development, and strong neighborhood presence, this property presents the potential to transform the site into a standout new residence.
No exterior & parking available.
Grades PK-4 • 1.4 mi
Grades K-4 • 1.6 mi
Grades PK-4 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,403 | 2,045.139 |
| Lot Size | 15,682 | 10,890 |
| Price | $800.0K | $556.0K |
| Price per sq ft | $570 | $305 |
| Built year | 1949 | 1971 |
| HOA | $0 | $133 |
| Days on market | 16 | 70 |
Oct 8, 2026
$800,000
Initial Listing