1412 E Riverwood Dr, Nashville, TN 37216, Nashville, 37216 - 2 bed, 1 bath
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Nashville, TN 37216
This property presents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $334,372 Fair Market Value by -19%. While the current valuation reflects a premium over the estimated market value, the 19,166 sqft lot offers significant Development Potential for a new build in the desirable Inglewood neighborhood. With a Condition Rating of 6, the asset requires a comprehensive renovation or total tear-down. Zoned for the highly-rated Dan Mills Elementary (Rating: 7), this is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1412 E Riverwood Dr Subject | $399,000* List Price | 2 | 1 | 1,390 | $241 | - |
A 1410 Greenland Ave Active | $515,000 List Price | 3 | 2 | 1,776 | $290 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1945 (79 years old) with no evidence of renovations. The listing explicitly targets builders and rehabbers, describing the property as a potential tear-down for a new home on a large lot, indicating the value is primarily in the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19166, living area = 1390.
Situated on an expansive 19,166 sqft lot, this property offers a rare opportunity for builders or rehabbers to either execute a high-end transformation or tear down and build a substantial new residence in a high-demand area.
Located in the desirable Inglewood neighborhood of East Nashville, the property benefits from strong market demand and proximity to popular local amenities, ensuring long-term value retention.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1390, other record living area = 1140. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The home is marketed in a condition that requires either a total gut renovation or a complete rebuild, necessitating significant immediate investment beyond the purchase price.
The property is currently tenant-occupied with strict instructions not to disturb, which may complicate the due diligence process, viewing schedules, and the timeline for starting construction.
Attention builders and/or rehabbers! Potential is calling!! This is a sweet stone cottage in beautiful Inglewood on a wonderful, large lot! Two bedrooms and one bath on the main level, living room, sun room, kitchen and dining area, finished attic room makes a great bonus space, exercise or work space, unfinished basement with laundry and great storage. This home is ideal for a rehabber looking to transform it or with the lot size - could be a tear down for a beautiful new home. PLEASE DO NOT DISTURB CURRENT TENANT!! And for goodness sake, please do NOT go knock on the door! Call the listing agent!
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades 5-8 • 0.8 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,390 | - |
| Lot Size | 19,166 | - |
| Price | $399.0K | $556.8K |
| Price per sq ft | $287 | $306 |
| Built year | 1945 | 0 |
| HOA | $0 | $0 |
| Days on market | 92 | 484 |
Apr 22, 2026
$399,000
Initial Listing