2902 Murray Cir, Nashville, TN 37216, Nashville, 37216 - 3 bed, 1 bath
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2902 Murray Cir
Nashville, TN 37216
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
841Sq Ft
6,970Lot Size
Property Price
LIST PRICE$345,000
EST. MARKET VALUE
$312,037
10% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $345,000—positioned above the $312,038 Fair Market Value by 10%. While the current structure has a Condition Rating of 6, the R-6 Zoning on a 6,970 sq. ft. lot provides significant upside for redevelopment. Featuring a panoramic view of the Nashville skyline, this asset is a prime candidate for those looking to capitalize on high-demand, walkable urban land. This is an ideal acquisition for Real Estate Developers or Investors seeking a strategic project.
Estimated Market Value
$312,037
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 |
|---|---|---|---|---|---|---|
★ 2902 Murray Cir Subject | $345,000* List Price | 3 | 1 | 841 | $371 | - |
A 2905 Murray Cir Sold | $351,700 | 3 | 1 | 1,149 | $306 | 0.0 mi |
B 2162 Rock City St Sold | $302,000 | 3 | 1 | 918 | $329 | 0.1 mi |
C 2008 Riverside Dr Active | $398,900 List Price | 3 | 1 | 1,138 | $351 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1945 (>50 years old) with no evidence of recent renovations, the property is marketed specifically for its land value and R-6 zoning potential for builders. The 'as-is' condition and lack of interior details suggest it is a redevelopment candidate.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The R-6 zoning on a nearly 7,000 sq. ft. lot provides a significant opportunity for builders, as it is believed to allow for the construction of two single-family dwellings.
- Prime Walkable Location
Situated in a highly convenient area of Nashville, the property boasts high walkability to local restaurants, shops, and neighborhood amenities, increasing its desirability for future residents.
- Strategic Investment Entry Point
Priced competitively for the 37216 zip code, this property offers an accessible entry point for investors looking to capitalize on the high demand in the Glenmeade subdivision.
CONSRISKS & DEFICIENCIES
- Strict As-Is Condition
The property is being sold strictly as-is with a firm no-repair policy from the seller, which may limit financing options and require significant upfront capital for renovation or demolition.
- Obsolete Living Configuration
Built in 1945 with only 841 square feet for a three-bedroom layout, the current structure is undersized and likely suffers from functional obsolescence by modern market standards.
About 2902 Murray Cir
Welcome to 2902 Murray Cir, Nashville, TN 37216! An exciting opportunity in a convenient and highly walkable location! Situated on a little over 6,000 sq. ft. lot, this property is zoned R-6 and is believed to allow for two single-family dwellings, offering great potential for builders, investors, or buyers looking to create something new. Enjoy the convenience of being within walking distance to nearby restaurants, shops, and neighborhood amenities, with easy access to everything Nashville has to offer. Property is being sold AS-IS. Seller will make no repairs. Bring your vision and explore the possibilities this property has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 841 | 2,093.129 |
| Lot Size | 6,970 | 10,890 |
| Price | $345.0K | $568.3K |
| Price per sq ft | $410 | $307 |
| Built year | 1945 | 1971 |
| HOA | $0 | $137 |
| Days on market | 20 | 69 |
Pricing History
Listed for Sale
Aug 20, 2026
$345,000
Initial Listing