1621 S Observatory Dr, Nashville, TN 37215, Nashville, 37215 - 3 bed, 4 bath
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1621 S Observatory Dr
Nashville, TN 37215
ACTIVE
CONDITION: FAIR
3Beds
4Baths
3,742Sq Ft
11,326Lot Size
Property Price
LIST PRICE$997,000
EST. MARKET VALUE
$1,025,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,025,000, which aligns with the $1,025,000 Fair Market Value. Featuring a 3,742 sqft floor plan with dual primary suites and a walk-out basement, the home offers significant versatility. While the property maintains a Fair Condition Rating requiring cosmetic updates, its prime location near Lipscomb University and Glendale Elementary (9/10 rating) ensures long-term demand. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a historic renovation project in a premier neighborhood.
Estimated Market Value
$1,025,000
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 |
|---|---|---|---|---|---|---|
★ 1621 S Observatory Dr Subject | $997,000* List Price | 3 | 4 | 3,742 | $274 | - |
A 4185 Belmont Park Ter Sold | $799,900 List Price | 4 | 3 | 3,286 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1931, this property is well-maintained but dated. While the primary bathroom has received a significant renovation (likely 10-15 years ago) featuring a modern glass shower and double vanity, the rest of the home shows its age. The kitchen appears functional but older, and the exterior driveway shows significant cracking. The listing's suggestion for 'light updates' or a 'historic renovation' aligns with the Fair criteria for a home over 20 years old needing cosmetic attention.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Glendale Elementary School (9/10).
- Prime Walkable Location
Situated on a highly desirable street in Green Hills, the property offers exceptional walkability to Lipscomb University, premier shopping, and Belmont Boulevard.
- Versatile Living Space
With over 3,700 square feet, dual primary suites on both levels, and a large walk-out basement, the floor plan provides significant flexibility for various lifestyle needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3742, other record living area = 2920.
- Immediate Renovation Needs
The property requires light updates or a full historic renovation, which will necessitate additional time and financial investment from the buyer.
- Mixed School Ratings
While located in a premium area, the local high school rating is lower than expected for this price point, which may be a consideration for education-focused buyers.
About 1621 S Observatory Dr
Wonderful opportunity on a very desirable Green Hill street with convenience, history and character. Charming home with 3bds/3.5 baths on two levels. Primary suites on both main level and second level. Main level Office/Florida Room could easily be a 4th bedroom. Additional living space in the large, walk-out basement. Fenced back yard with a detached one car garage. Bring your vision to make light updates or bring your builder to complete a custom historic renovation. Come see today! Rare air on S Observatory walkable to Lipscomb University, Green Hills shopping and Belmont Blvd.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1931
- Lot Size
- 11,326 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Glendale Elementary School
Grades PK-4 • 1.2 mi
9/10
Julia Green Elementary School
Grades K-4 • 1.6 mi
6/10
Eakin Elementary School
Grades K-4 • 2.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,742 | 2,093.129 |
| Lot Size | 11,326 | 10,890 |
| Price | $997.0K | $568.3K |
| Price per sq ft | $266 | $307 |
| Built year | 1931 | 1971 |
| HOA | $0 | $137 |
| Days on market | 35 | 69 |
Pricing History
Listed for Sale
Sep 3, 2026
$997,000
$1,025,000
-3% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$1,025,000
Initial Listing