221 Wallace Rd, Nashville, TN 37211, Nashville, 37211 - 4 bed, 2 bath
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221 Wallace Rd
Nashville, TN 37211
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
2,200Sq Ft
11,761Lot Size
Property Price
LIST PRICE$485,000
EST. MARKET VALUE
$474,003
SUMMARY
This Modernized Mid-Century Home represents a Strong Value Opportunity, listed at $485,000—positioned well below the $474,004 Fair Market Value by -2%. While the list price is slightly above market, the property features a Condition Rating of 2, boasting high-end updates like a Designer Main Bath and Granite Kitchen. The versatile daylight basement, currently a recording studio, offers unique utility. Located near major Nashville hubs, this home is an ideal acquisition for Owner-Occupants or Remote Professionals seeking a move-in ready, flexible living space.
Estimated Market Value
$474,003
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 |
|---|---|---|---|---|---|---|
★ 221 Wallace Rd Subject 4 bd · 2 ba · 2,200 sqft · $215 | $485,000* List Price | 4 | 2 | 2,200 | $215 | - |
A 436 Jessie Dr Sold 4 bd · 3 ba · 1,662 sqft · $248 · 1.0 mi | $412,000 | 4 | 3 | 1,662 | $248 | 1.0 mi |
B 3617 Donna Kay Dr Sold 3 bd · 2 ba · 1,389 sqft · $245 · 0.9 mi | $340,000 | 3 | 2 | 1,389 | $245 | 0.9 mi |
C 3802 Syfert Ln Active 4 bd · 3 ba · 2,244 sqft · $245 · 0.7 mi | $550,000 List Price | 4 | 3 | 2,244 | $245 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1962, the home features recent high-end renovations (<5 years old) including a completely updated designer bathroom with modern hexagonal and penny tiling, an updated kitchen with granite countertops, a newer roof, and pristine hardwood flooring throughout.
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 = 11761, living area = 2200.
- Versatile Lower Level
The daylight basement is currently configured as a recording studio, offering unique flexibility for musicians, remote workers, or a private guest suite with easy 'load-in' access.
- Modernized Mid-Century Appeal
This 1960s home features high-end updates including a designer main bath, granite countertops, and a newer roof, blending vintage character with contemporary peace of mind.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Modest School Ratings
The assigned public schools carry lower ratings (3-4 range), which may be a consideration for families focused on highly-rated educational districts.
- Extended Market Time
With 58 days on the market and a recent price adjustment, the property may face challenges regarding its initial valuation relative to the immediate neighborhood competition.
About 221 Wallace Rd
Wow! Gorgeous. Flexible, smartly updated retreat with plenty of room to relax, entertain and creatively work from home! Lower daylight level is perfect for guest suite, home gym, den or more and currently used as a spacious recording studio with easy "load in". Expansive granite countertops in the updated kitchen make creating special meals a breeze. Designer main bath sets the tone for this mod 60's era home! Gleaming hardwood floors and rooms with tons of natural light elevate the space. Newer roof! Such convenient access to this vibrant city! Only 15 minutes to downtown, 12 South, the Gulch, Radnor Lake and only10 minutes to the airport and the Zoo! Enjoy all of the fantastic eateries just minutes away on Nolensville Pike! For more photos, please click on "Virtual Slide Show" below. First showings Friday 11am
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Haywood Elementary School
Grades PK-4 • 0.3 mi
4/10
Mcmurray Middle School
Grades 5-8 • 1.8 mi
4/10
John Overton Comp High School
Grades 9-12 • 3.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,200 | 2,045.139 |
| Lot Size | 11,761 | 10,890 |
| Price | $485.0K | $556.0K |
| Price per sq ft | $220 | $305 |
| Built year | 1962 | 1971 |
| HOA | $0 | $133 |
| Days on market | 93 | 70 |
Pricing History
Listed for Sale
Jul 23, 2026
$485,000
Initial Listing