1720 N Observatory Dr, Nashville, TN 37215, Nashville, 37215 - 4 bed, 3 bath
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1720 N Observatory Dr
Nashville, TN 37215
CLOSED
CONDITION: POOR
4Beds
3Baths
1,892Sq Ft
16,988Lot Size
Property Price
LIST PRICE$980,000
EST. MARKET VALUE
$1,086,210
9% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $980,000—positioned well below the $1,086,210 Fair Market Value by 9%. This valuation gap offers $106,210 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a full renovation, yet the expansive 0.39-acre lot and proximity to Glendale Elementary (9/10) provide significant upside. This is a high-potential Asset ideal for Fix-and-Flip Investors or Contractors seeking a prime Green Hills development project.
Estimated Market Value
$1,086,210+$106,210 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1720 N Observatory Dr Subject 4 bd · 3 ba · 1,892 sqft · $574 | $852,500 | 4 | 3 | 1,892 | $574 | - |
A 4207 Belmont Park Ter Active 3 bd · 2 ba · 1,819 sqft · $550 · 0.4 mi | $1,000,000 List Price | 3 | 2 | 1,819 | $550 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1940, this property is marketed 'as-is' for a potential rebuild or major renovation. While the interior photos show a clean and intact structure with nice hardwood floors, the kitchen and overall systems are heavily dated (>30 years old) and require a complete rehab.
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 = 16988, living area = 1892.
- Great Schools
Elementary School: Glendale Elementary School (9/10).
- Prime Location
Situated in the highly sought-after Green Hills area, the property is just one block from Lipscomb University and minutes from premier retail and dining, offering exceptional convenience and long-term value.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold strictly in as-is condition as a renovation or teardown project, requiring substantial additional capital investment beyond the purchase price.
- High Entry Cost
With a list price near $1 million for a 1940s structure needing significant work, the acquisition cost represents a high barrier to entry for investors looking to maintain a profitable margin.
About 1720 N Observatory Dr
Green Hills potential rebuild or renovation property on a serene, level lot. SOLD AS-IS. One block from Lipscomb University, minutes to Green Hills restaurants and retail. 20 minutes to the heart of downtown. 5 minutes to I-440. 25 minutes to Franklin. This lot is exceptionally private and peaceful. Charming, solid brick home—perfect candidate for a second chance.SOLD AS-IS. Buyer to verify all pertinent information.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 16,988 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 • 1.3 mi
9/10
Julia Green Elementary School
Grades K-4 • 1.6 mi
6/10
Eakin Elementary School
Grades K-4 • 2.1 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,892 | 2,045.139 |
| Lot Size | 16,988 | 10,890 |
| Price | $852.5K | $556.0K |
| Price per sq ft | $451 | $305 |
| Built year | 1940 | 1971 |
| HOA | $0 | $133 |
| Days on market | 64 | 70 |
Pricing History
Listed for Sale
Aug 21, 2026
$980,000
Initial Listing