1516 22nd Ave, N, Nashville, TN 37208, Nashville, 37208 - 4 bed, 2 bath
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1516 22nd Ave
N, Nashville, TN 37208
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,600Sq Ft
7,841Lot Size
Property Price
LIST PRICE$475,000
EST. MARKET VALUE
$452,227
5% AboveMARKET VALUE
SUMMARY
This fully renovated 4-bedroom residence represents a High-Potential Investment Opportunity, listed at $475,000—positioned well above the $452,227 Fair Market Value by 5%. Despite the premium, the property offers a Mint Condition Rating following a comprehensive 2024 renovation, including a new roof, HVAC, and granite kitchen. With an oversized rear deck and parking for eight vehicles, it provides rare utility in a prime location near TSU and Meharry. This turnkey asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate, maintenance-free living near Downtown Nashville.
Estimated Market Value
$452,227
Based on Realkey algorithm analyzing recent comparable sales in N.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 22nd Ave Subject 4 bd · 2 ba · 1,600 sqft · $283 | $475,000* List Price | 4 | 2 | 1,600 | $283 | - |
A 1608 Knowles St Sold 3 bd · 2 ba · 1,527 sqft · $288 · 0.4 mi | $440,000 | 3 | 2 | 1,527 | $288 | 0.4 mi |
B 2505 Meharry Blvd Sold 3 bd · 2 ba · 1,148 sqft · $320 · 0.5 mi | $366,960 | 3 | 2 | 1,148 | $320 | 0.5 mi |
C 2707 Morena St Sold 3 bd · 2 ba · 1,528 sqft · $278 · 0.9 mi | $425,000 | 3 | 2 | 1,528 | $278 | 0.9 mi |
D 1535 11th Ave N Sold 3 bd · 2 ba · 1,964 sqft · $209 · 0.6 mi | $410,000 | 3 | 2 | 1,964 | $209 | 0.6 mi |
E 1727 16th Ave N Sold 3 bd · 2 ba · 1,086 sqft · $359 · 0.4 mi | $390,000 | 3 | 2 | 1,086 | $359 | 0.4 mi |
F 2108 15th Ave N Sold 3 bd · 2 ba · 1,356 sqft · $288 · 0.8 mi | $389,900 | 3 | 2 | 1,356 | $288 | 0.8 mi |
G 2508 Alameda St Sold 3 bd · 2 ba · 1,144 sqft · $321 · 0.5 mi | $367,500 | 3 | 2 | 1,144 | $321 | 0.5 mi |
H 737 25th Ave N Sold 4 bd · 2 ba · 1,176 sqft · $315 · 0.9 mi | $370,000 | 4 | 2 | 1,176 | $315 | 0.9 mi |
I 1815 Underwood St Active 3 bd · 2 ba · 1,461 sqft · $314 · 0.1 mi | $459,000 List Price | 3 | 2 | 1,461 | $314 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a full renovation in 2024, which is less than 5 years ago. All major systems including the roof, HVAC, furnace, and water heater are new. The interior features a modern kitchen with granite countertops, new flooring, windows, and lighting, meeting the criteria for mint condition with no immediate maintenance 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 = 1600.
- Comprehensive 2024 Renovation
The property underwent a full top-to-bottom renovation in 2024, including a new roof, HVAC, furnace, water heater, and windows, providing a turnkey experience with significantly reduced immediate maintenance costs.
- Exceptional Parking and Outdoor Space
Rare for an urban Nashville lot, this home features a one-car garage plus additional parking for up to eight vehicles, complemented by an oversized rear deck and spacious backyard perfect for entertaining.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 580 days on the market, the property has significantly exceeded typical local selling cycles, which may lead to buyer skepticism regarding its initial pricing strategy or market positioning.
- Underperforming School District
The assigned public schools carry low ratings (ranging from 2 to 4), which may deter families who prioritize high-performing educational districts in their home search.
About 1516 22nd Ave
Beautifully fully renovated in 2024, this 4-bedroom, 2-bath home offers a prime North Nashville location, just 3 minutes from Tennessee State University and Meharry Medical College, and minutes from Downtown Nashville. The home features a renovated kitchen with granite countertops, updated flooring, doors, windows, lighting, roof, HVAC, furnace, and water heater. Relax on the inviting front porch or enjoy the impressive oversized rear deck overlooking the spacious backyard, perfect for entertaining and outdoor gatherings. A one-car garage and parking for up to 8 vehicles complete this move-in-ready home. A fantastic opportunity combining space, modern updates, and an unbeatable Nashville location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- 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
N Unified Schools
Robert Churchwell Museum Magnet Elementary School
Grades PK-4 • 0.2 mi
4/10
Gower Elementary School
Grades PK-4 • 7.3 mi
6/10
John Early Paideia Middle Magnet
Grades 5-8 • 1.0 mi
3/10
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 | 1,600 | 2,045.139 |
| Lot Size | 7,841 | 10,890 |
| Price | $475.0K | $556.0K |
| Price per sq ft | $297 | $305 |
| Built year | 1950 | 1971 |
| HOA | $0 | $133 |
| Days on market | 587 | 70 |
Pricing History
Listed for Sale
Mar 16, 2025
$475,000
Initial Listing