1645 Chase St, Nashville, TN 37216, Nashville, 37216 - 2 bed, 2 bath
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Nashville, TN 37216
This property represents a Strong Value Opportunity, listed at $350,000—positioned well below the $378,681 Fair Market Value by 7%. This valuation gap offers $28,681 in Instant Equity for the buyer. Featuring R6 Zoning and a New Construction status with a Condition Rating of 2, this asset provides significant development potential for two units. The project is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to capitalize on the high-demand 37216 market through custom, modern residential development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1645 Chase St Subject | $350,000* List Price | 2 | 2 | 1,000 | $379 | - |
A 932 Spain Ave Sold | $325,000 List Price | 3 | 2 | 1,156 | 0.6 mi | |
B 1703 Litton Ave Sold | $428,000 | 2 | 1 | 1,377 | $311 | 0.7 mi |
C 1703 Litton Ave Sold | $428,000 | 2 | 1 | 1,377 | $311 | 0.7 mi |
D 1703 Riverside Dr Active | $450,000 List Price | 3 | 1 | 1,209 | $372 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The listing indicates a year built of 2026, representing new construction. As a 'to-be-built' property, the kitchen, bathrooms, and all mechanical systems (HVAC/Electric) will be brand new and in mint condition upon completion, meeting the criteria for the highest rating.
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 = 1000.
The level R6 zoning allows for the construction of two separate units, offering significant upside for investors or those looking for a multi-generational living setup.
As a pre-construction offering, buyers have the rare advantage of working with the builder to influence final selections and finishes, ensuring the home meets their specific aesthetic preferences.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 6970.
The $350,000 list price covers the lot only, creating potential budget uncertainty as the final cost is dependent on construction selections and market material rates.
With proposed units at approximately 900-1000 sq ft, the smaller footprint may limit appeal for buyers requiring larger family accommodations or extensive storage space.
Level R6 lot, listing price is for the lot, Seller will build 2- houses with final price dependent on selections
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,000 | 1,752.5 | 4% |
| Lot Size | 7,841 | 12,850 | 11% |
| Price | $350.0K | $560.0K | 21% |
| Price per sq ft | $350 | $330 | 64% |
| Built year | 2026 | 1950 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 660 | 1% |
May 29, 2026
$350,000
Initial Listing