1720 N Observatory Dr, Nashville, TN 37215, Nashville, 37215 - 4 bed, 3 bath
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1720 N Observatory Dr
Nashville, TN 37215
ACTIVE
CONDITION: POOR
4Beds
3Baths
1,892Sq Ft
16,988Lot Size
Property Price
LIST PRICE$980,000
EST. MARKET VALUE
$1,083,964
9% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $980,000—positioned well below the $1,083,964 Fair Market Value by 9%. This valuation gap offers $103,964 in Instant Equity for buyers. Featuring a Fair Condition Rating, the 16,988 sqft lot and solid brick construction provide a prime canvas for a luxury rebuild. Located near top-rated schools like Glendale Elementary, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking a custom renovation project in Green Hills.
Estimated Market Value
$1,083,964+$103,964 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 | $980,000* List Price | 4 | 3 | 1,892 | $573 | - |
A 3417 Amanda Ave Sold | $760,000 List Price | 3 | 2 | 1,827 | 0.7 mi | |
B 4207 Belmont Park Ter Active | $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 and marketed as a 'rebuild or renovation' property, this home is sold 'as-is' with a kitchen and interior finishes that appear over 30 years old. While the structure is standing, the listing's emphasis on land value and the need for a 'second chance' indicates it requires a total rehab to meet modern safety and functional standards.
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 Green Hills Location
Situated just one block from Lipscomb University and minutes from premier retail and dining, this property offers exceptional convenience and long-term value in one of Nashville's most prestigious neighborhoods.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1892, other record living area = 1837. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- As-Is Condition
The property is sold strictly in as-is condition, signaling that significant capital investment will be necessary to address deferred maintenance or facilitate a total renovation.
- High Entry Cost for Project
With a list price near $1 million for a property marketed as a rebuild or major renovation, the high entry point requires a buyer with substantial additional liquidity for construction.
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 | 2,093.129 |
| Lot Size | 16,988 | 10,890 |
| Price | $980.0K | $568.3K |
| Price per sq ft | $518 | $307 |
| Built year | 1940 | 1971 |
| HOA | $0 | $137 |
| Days on market | 19 | 69 |
Pricing History
Listed for Sale
Aug 21, 2026
$980,000
Initial Listing