1508 Norvel Ave, Nashville, TN 37216, Nashville, 37216 - 3 bed, 2 bath
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Nashville, TN 37216
This Turnkey Mid-Century Ranch is a High-Potential Investment Opportunity, listed at $899,900—positioned above the $811,246 Fair Market Value. While priced at a premium, the property features an Excellent Condition Rating with recent mechanical upgrades including a 2026 roof and 2022 HVAC. The expansive 0.5-acre lot and walkable access to Riverside Village offer a unique lifestyle retreat. This home balances architectural character with modern reliability, making it an ideal acquisition for discerning professionals or owner-occupants seeking a move-in ready residence in a prime Nashville location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1508 Norvel Ave Subject | $899,900* List Price | 3 | 2 | 2,064 | $393 | - |
A 1311 Ardee Ave Sold | $675,000 | 3 | 2 | 1,480 | $456 | 0.2 mi |
B 2101 Avalon Dr Sold | $699,900 | 3 | 3 | 1,817 | $385 | 0.7 mi |
C 1410 E Riverwood Dr Sold | $875,000 | 4 | 2 | 2,537 | $345 | 0.6 mi |
D 1410 E Riverwood Dr Sold | $875,000 | 3 | 3 | 2,727 | $321 | 0.6 mi |
E 1410 E Riverwood Dr Sold | $875,000 | 3 | 3 | 2,727 | $321 | 0.6 mi |
F 1327 Cardinal Ave Active | $644,900 List Price | 3 | 2 | 1,568 | $411 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1950, the property has undergone a comprehensive high-end renovation within the last 5 years. All major systems are nearly new, including the roof (2026), HVAC (2022), and water heater (2022). The interior features mint-condition finishes, updated flooring, and modern design, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22651, living area = 2064.
The property is ideally situated within walking distance to Riverside Village, offering easy access to popular local coffee shops, bars, and restaurants, which is a highly sought-after feature in the Nashville market.
Significant capital improvements have been completed, including a new roof (2026), updated ductwork (2025), and a newer HVAC and water heater (2022), providing the buyer with long-term mechanical reliability and reduced immediate maintenance costs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22651, other record lot size in square feet = 20038. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2064, other record living area = 1992.
With 85 days on the market, the property has exceeded the typical absorption rate for the area, which may lead to buyer concerns regarding its initial pricing strategy or niche design appeal.
At a list price of $899,900 for a 3-bedroom, 2-bathroom layout, the property commands a premium price that may face stiff competition from larger homes or those with more modern bathroom counts in the same price bracket.
A fresh take on the classic mid-century ranch, this thoughtfully designed home brings Palm Springs style together with the charm of a lush garden retreat. Filled with natural light, bold color, and curated details, the interiors strike the perfect balance of timeless design and creative expression. Designed for easy living and effortless entertaining, the main living spaces connect naturally to the backyard, where mature landscaping creates a private setting to gather with friends or simply enjoy the outdoors. Every detail has been chosen with intention, resulting in a home that is as functional as it is beautiful. Warm, welcoming, and full of personality, this is a rare space where mid-century architecture, artful design, and everyday living come together. Walkable to Riverside Village, Coffee, Bars & Restaurants, Cocktails and Ice Cream! Recent Updates: Roof 5/26, Duct Work: 5/25, Hot Water Heater 12/22, HVAC 5/22. When buyer uses Sellers preferred lender up to 1% Lender credit given to buyer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,064 | - |
| Lot Size | 22,651 | - |
| Price | $899.9K | $556.8K |
| Price per sq ft | $436 | $306 |
| Built year | 1950 | 0 |
| HOA | $0 | $0 |
| Days on market | 87 | 484 |
Apr 27, 2026
$899,900
Initial Listing