1511 Forest Ave, Nashville, TN 37206, Nashville, 37206 - 4 bed, 2 bath
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1511 Forest Ave
Nashville, TN 37206
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,934Sq Ft
7,841Lot Size
Property Price
LIST PRICE$949,000
EST. MARKET VALUE
$888,845
6% AboveMARKET VALUE
SUMMARY
This Historic Lockeland Springs Residence is a Strong Value Opportunity, listed at $949,000—positioned well above the $888,845 Fair Market Value by 6%. While priced at a premium, the property offers a Condition Rating of 3, featuring a recently updated kitchen and refinished hardwoods within a 1920s shell. Its large 7,841 sq. ft. lot and prime walkability to Five Points provide significant lifestyle appeal. This home is an ideal acquisition for Owner-Occupants seeking a move-in ready historic home or lifestyle-focused buyers prioritizing location over immediate equity.
Estimated Market Value
$888,845
Based on Realkey algorithm analyzing recent comparable sales in Nashville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1511 Forest Ave Subject | $949,000* List Price | 4 | 2 | 1,934 | $460 | - |
A 1506 Shelby Ave Sold | $925,000 | 3 | 2 | 2,000 | $463 | 0.6 mi |
B 1416 Woodland St Sold | $1,150,000 | 3 | 2 | 2,349 | $490 | 0.1 mi |
C 1417 Gartland Ave Sold | $1,225,000 | 3 | 2 | 2,424 | $505 | 0.1 mi |
D 804 N 16th St Sold | $720,000 | 3 | 3 | 2,067 | $348 | 0.5 mi |
E 1211 Lillian St Sold | $790,000 | 3 | 3 | 1,892 | $418 | 0.4 mi |
F 1507 Fatherland St Sold | $1,170,000 | 4 | 2 | 2,277 | $514 | 0.3 mi |
G 307 Neill Ave Sold | $765,000 | 4 | 3 | 2,176 | $352 | 0.9 mi |
H 1506 Holly St Sold | $1,099,000 List Price | 3 | 3 | 2,204 | 0.2 mi | |
I 1215 Boscobel St Active | $734,000 List Price | 3 | 2 | 1,945 | $377 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1920, the property features a recently updated kitchen with modern two-tone cabinetry, stone countertops, and subway tile. The home is move-in ready with refinished original hardwoods, updated bathrooms, and modern recessed lighting, though its centennial age suggests standard historic home maintenance may be required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1934.
- Prime Historic Location
Situated on one of Lockeland Springs' most coveted streets, this property offers exceptional walkability to East Nashville’s Five Points, local cafes, and the annual Tomato Art Fest.
- Preserved Historic Character
The 1920s home retains its timeless appeal with original pocket doors, hardwood floors, transom windows, and multiple decorative fireplaces with historic mantels.
CONSRISKS & DEFICIENCIES
- School District Ratings
The property is zoned for schools with lower performance ratings, particularly the high school, which may be a concern for education-focused buyers.
- Bedroom-to-Bathroom Ratio
With four bedrooms but only two bathrooms, the home may feel underserviced for larger families or guests compared to modern luxury standards.
About 1511 Forest Ave
Located on one of the most coveted streets in historic Lockeland Springs, this home offers an exceptional walkable lifestyle just steps from East Nashville’s vibrant Five Points area, beloved local restaurants, coffee shops, boutique shopping, and the annual Tomato Art Fest. Filled with timeless character, the home features original pocket doors, hardwood floors, transom windows, and multiple decorative fireplaces with beautiful historic mantels. The updated kitchen and baths add comfort and style. Fully fenced front and back yards with mature trees create beautiful, inviting outdoor spaces, while the welcoming front porch—with its charming bench swing—is sure to become a favorite spot to relax and enjoy the neighborhood. Move-in ready with wonderful potential to add your own personal touches, this exceptional Lockeland Springs home is ready to welcome its next owner. Buyer to verify all information deemed important including sq. footage, measurements, school zoning, etc.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Warner Elementary Enhanced Option School
Grades PK-4 • 1.1 mi
5/10
Rosebank Elementary School
Grades PK-4 • 1.4 mi
4/10
Bailey Middle School
Grades 5-8 • 0.9 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,934 | 2,093.129 |
| Lot Size | 7,841 | 10,890 |
| Price | $949.0K | $568.3K |
| Price per sq ft | $491 | $307 |
| Built year | 1920 | 1971 |
| HOA | $0 | $137 |
| Days on market | 41 | 69 |
Pricing History
Listed for Sale
Jul 30, 2026
$949,000
Initial Listing
Sold
Feb 24, 1995
$108,000
Public Record