
Nashville, TN 37206
This High-Potential Investment Opportunity is listed at $799,000, positioned well below the $839,272 Fair Market Value by 4%. This valuation gap offers $40,272 in Instant Equity. Featuring a Condition Rating of 2, the home offers a turnkey interior with modern finishes and a versatile finished basement. Its location in Lockeland Springs, combined with HPR development potential and a large lot, makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation in a high-demand East Nashville neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1620 Lillian St Subject | $799,000* List Price | 3 | 3 | 1,790 | $469 | - |
A 415 N 17th St Sold | $618,000 | 3 | 3 | 1,733 | $357 | 0.6 mi |
B 1911 Boscobel St Sold | $862,000 | 3 | 2 | 1,704 | $506 | 0.3 mi |
C 1417 Calvin Ave Sold | $819,000 | 3 | 2 | 1,774 | $462 | 0.7 mi |
D 1621 Long Ave Sold | $725,000 List Price | 3 | 2 | 1,962 | 0.2 mi | |
E 1302 Woodland St Sold | $830,500 | 3 | 2 | 1,432 | $580 | 0.5 mi |
F 1417 Calvin Ave Sold | $819,000 | 3 | 2 | 1,774 | $462 | 0.7 mi |
G 1506 Shelby Ave Active | $925,000 List Price | 3 | 2 | 2,000 | $463 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1923, the property has undergone a comprehensive recent renovation (likely within the last 1-3 years). The interior features modern LVP flooring, updated recessed lighting, and a fully remodeled kitchen with stainless steel appliances and stone countertops. The bathrooms show contemporary tile work, and the finished basement adds modern living space, meeting the criteria for a high-quality recent renovation in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1790.
Situated in the heart of Lockeland Springs, this property offers unbeatable access to Shelby Park's green spaces and is just minutes from downtown Nashville's premier dining and entertainment.
The finished basement with a private bedroom and full bathroom provides excellent versatility for a guest suite, home office, or potential income-generating rental unit.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1790, other record living area = 1008.
The assigned high school has a low performance rating, which may be a concern for families prioritizing long-term public education options.
Built in 1923, the property may require ongoing maintenance or updates to aging systems typical of century-old homes, despite recent cosmetic refreshes.
INCREDIBLE OPPORTUNITY: Tucked into the heart of Lockeland Springs in sought-after East Nashville, this charming historic home blends classic character with thoughtful updates and flexible living space. The main level offers a welcoming layout featuring two bedrooms, two full bathrooms, and an additional half bath for guests—ideal for both everyday living and entertaining. The home has been refreshed with practical, modern improvements that enhance comfort and livability while maintaining its original appeal. A bright and spacious living area flows seamlessly into a generously sized kitchen, providing plenty of room for gathering, cooking, and making the space your own. Downstairs, the finished basement adds valuable versatility with an additional bedroom and full bathroom—perfect for guests, a private suite, or a home office setup. Located just a few blocks from Shelby Park, you’ll enjoy easy access to green space, walking trails, and outdoor recreation, all while being only about five minutes from downtown Nashville’s vibrant dining, music, and entertainment scene. This property also presents a unique investment or development opportunity. It is part of an HPR and can be purchased as a package with the REAR LOT , offering flexibility for future plans or expansion. Whether you’re looking for a comfortable primary residence, an income-producing property, or a combination of both, this East Nashville gem is full of potential in an unbeatable location. Some of the photos may have been virtually altered.
No exterior & parking available.
Grades PK-4 • 1.1 mi
Grades PK-4 • 1.5 mi
Grades 5-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 63% |
| Square foot | 1,790 | 1,790 | 50% |
| Lot Size | 7,405 | 8,276 | 38% |
| Price | $799.0K | $567.5K | 73% |
| Price per sq ft | $446 | $357 | 74% |
| Built year | 1923 | 1937 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 695 | 1% |
May 13, 2026
$799,000
Initial Listing