
Nashville, TN 37214
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $458,529 Fair Market Value by -8%. Featuring a Fair Condition Rating, this 1950s stone cottage offers significant value-add potential through its 0.87-acre lot and 1,396 sq. ft. unfinished walk-out basement. The flexible layout, including a separate entrance, supports diverse renovation strategies. This Asset is ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on the development potential of this expansive, non-HOA Hip Donelson site.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2325 Selma Ave Subject 4 bd · 2 ba · 1,962 sqft · $234 | $499,000* List Price | 4 | 2 | 1,962 | $234 | - |
A 2105 Crestline Dr Sold 3 bd · 2 ba · 1,781 sqft · $199 · 0.6 mi | $355,000 | 3 | 2 | 1,781 | $199 | 0.6 mi |
B 2820 Windemere Dr Sold 3 bd · 2 ba · 2,163 sqft · $227 · 0.6 mi | $490,000 | 3 | 2 | 2,163 | $227 | 0.6 mi |
C 2226 Weona Dr Sold 3 bd · 2 ba · 2,067 sqft · $218 · 0.4 mi | $450,000 | 3 | 2 | 2,067 | $218 | 0.4 mi |
D 2940 Fernbrook Ln Sold 3 bd · 3 ba · 1,772 sqft · $309 · 1.0 mi | $548,000 | 3 | 3 | 1,772 | $309 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 with no evidence of major system or interior renovations in over 30 years. The kitchen and bathrooms are severely dated and require a full rehab, and the property is being sold 'As-Is' with the listing explicitly suggesting new construction as a possibility.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37897, living area = 1962.
The rare 0.87-acre lot in the desirable 'Hip Donelson' area provides significant space for expansion, new construction, or large-scale outdoor amenities, all without the restrictions of an HOA.
With a separate exterior entrance for the upper level and a massive 1,396 sq. ft. unfinished walk-out basement, the property offers exceptional potential for a rental suite, home office, or multigenerational living.
The property is being sold strictly in as-is condition, requiring the buyer to assume all responsibility for repairs and potentially significant immediate capital expenditure for renovations.
Given the 1950s construction and the need for updates, buyers may encounter aged systems or structural elements that require professional verification and costly modernization to meet current building standards.
Quaint stone cottage situated on a beautiful and rare 0.87-acre lot in the heart of Hip Donelson! Offering one-and-a-half stories with 4 bedrooms and 2 full baths, this character-filled home presents an exciting opportunity to renovate-a little or a lot-and create your own dream home. The upstairs, with its separate exterior entrance, may offer potential for a private apartment, guest suite, home office, or multigenerational living arrangement. The main level has refinished red oak hardwood floors. The full unfinished walk-out basement-an additional 1,396 sq. ft.- is not included in the reported square footage and provides abundant possibilities for additional living space, a workshop, hobbies, or storage. The expansive property features mature trees, a large deck, and charming stonework. Update the existing cottage, consider an addition, or explore new construction on this generous lot. Ideally located near Nashville International Airport, downtown Nashville, shopping, dining, and convenient access to major interstates. No HOA! Property is being sold **AS IS**. Buyer and buyer’s agent to verify all pertinent information and independently confirm apartment, renovation, expansion, and new-construction possibilities with the appropriate governmental authorities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,962 | 2,045.139 |
| Lot Size | 37,897 | 10,890 |
| Price | $499.0K | $556.0K |
| Price per sq ft | $254 | $305 |
| Built year | 1950 | 1971 |
| HOA | $0 | $133 |
| Days on market | 48 | 70 |
Sep 6, 2026
$499,000
Initial Listing
Sep 6, 1996
$110,000
Public Record