
Nashville, TN 37211
This Value-Add Residential Asset is listed at $440,000, positioned above its $297,566 Fair Market Value due to significant land utility and development potential. Holding a Condition Rating of 5, the 1953-built home requires a comprehensive systemic and interior overhaul to reach modern standards. The property’s primary strength is the expansive 12,632 sqft corner lot, offering superior privacy and room for future expansion. Located near Glencliff Elementary and Wright Middle School, this project provides a clear path for forced appreciation through modernization. It is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking high-potential Nashville projects.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 163 Elkmont Dr Subject | $440,000* List Price | 4 | 2 | 1,322 | $231 | - |
A 3714 Tibbs Dr Sold | $359,900 List Price | 3 | 2 | 1,275 | 0.5 mi | |
B 412 Veritas St Sold | $388,000 | 4 | 1 | 1,350 | $287 | 0.6 mi |
C 3204 Kinross Ave Sold | $565,000 | 3 | 1 | 1,581 | $357 | 0.2 mi |
D 319 Morton Ave Active | $379,500 List Price | 4 | 2 | 1,325 | $286 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 (71 years old) with no mention of recent renovations to kitchen, bathrooms, or major systems. The description's focus on 'investors' and 'room to make it your own' strongly suggests the home requires a full rehab to address dated interiors and potential structural/systemic age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12632, living area = 1322.
The property features a versatile bonus space that can easily serve as a fourth bedroom or home office, providing the functional layout highly sought after by modern buyers.
Situated on a generous 12,632 sqft corner lot, the home offers superior privacy and significant outdoor space for gardening, entertaining, or future property enhancements.
The assigned middle and high schools have lower performance ratings (3/10 and 2/10), which may be a deterrent for families prioritizing educational infrastructure.
At 1,322 square feet for a four-bedroom configuration, the individual room sizes may feel small, potentially limiting appeal for buyers seeking more spacious interior living areas.
Welcome to this charming and versatile home located at 163 Elkmont Dr in Nashville. Situated on a spacious corner lot, this property offers both functionality and room to grow. Featuring 3 bedrooms and 2 full bathrooms, this home also includes a flexible bonus space that can easily serve as a fourth bedroom, home office, or creative studio—perfect for today’s lifestyle needs. The expansive corner lot provides added privacy, extra outdoor space, and endless possibilities for entertaining, gardening, or future enhancements. Whether you’re looking for comfort, flexibility, or room to make it your own, this property delivers. Conveniently located with easy access to Nashville amenities, this home is an excellent opportunity for homeowners and investors alike.
No exterior & parking available.
Grades K-4 • 0.4 mi
Grades 5-8 • 0.2 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 66% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,322 | 1,715 | 22% |
| Lot Size | 12,632 | 12,197 | 51% |
| Price | $440.0K | $450.0K | 46% |
| Price per sq ft | $333 | $242 | 84% |
| Built year | 1953 | 1971 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 443 | 0% |
Apr 17, 2026
$440,000
Initial Listing