2939 Lakeland Dr, Nashville, TN 37214, Nashville, 37214 - 2 bed, 1 bath
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2939 Lakeland Dr
Nashville, TN 37214
ACTIVE
CONDITION: POOR
2Beds
1Baths
850Sq Ft
10,454Lot Size
Property Price
LIST PRICE$299,000
EST. MARKET VALUE
$257,238
16% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well above the $257,239 Fair Market Value by -16%. While the property requires a full rehab given its Condition Rating of 5, the expansive 10,454 sqft lot and prime Donelson location offer significant upside for forced appreciation. The home features original hardwood floors and a partially updated kitchen, providing a solid foundation for renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a high-demand Nashville corridor.
Estimated Market Value
$257,238
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 |
|---|---|---|---|---|---|---|
★ 2939 Lakeland Dr Subject | $299,000* List Price | 2 | 1 | 850 | $303 | - |
A 2920 Ironwood Dr Active | $332,000 List Price | 3 | 2 | 975 | $341 | 0.5 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 1955 (69 years old) and sold as-is, this property is marketed specifically to investors and renovators. While the kitchen has seen minor updates with shaker cabinetry, the original hardwood floors are heavily stained and damaged, and the interior requires a full rehab including paint, floor refinishing, and likely system updates to meet modern 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 = 10454, living area = 850.
- Prime Location
Situated in the desirable Donelson area, the property offers excellent proximity to BNA airport, downtown Nashville, and major interstates, making it highly attractive for commuters and investors.
- Expansive Outdoor Space
The large, level backyard features mature trees and provides significant potential for landscaping, expansions, or creating a premium outdoor living area on a generous 0.24-acre lot.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold strictly in as-is condition, indicating a need for immediate repairs or a full renovation, which may require significant additional capital investment.
- Limited Living Space
With only 850 square feet and a 2-bedroom, 1-bathroom layout, the interior footprint is quite small and may limit the property's appeal to larger households or those seeking modern spaciousness.
About 2939 Lakeland Dr
Opportunity in Donelson! This all-brick home is ready for its next chapter and offers a great opportunity for an investor, renovator, or buyer looking to put their own vision to work. Inside, you’ll find original hardwood floors, tons of natural light, charming original woodwork and built-ins, plus a kitchen that has already seen some updates with shaker-style cabinetry, and newer flooring. The real standout is outside a large, level backyard surrounded by mature trees with plenty of room to create an incredible outdoor space. Conveniently located in the Donelson area with easy access to BNA, downtown Nashville, shopping, dining, and major interstates. Home is being sold AS-IS and is priced with condition in mind. Bring your ideas and unlock the potential in this classic Nashville home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 10,454 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 850 | 2,093.129 |
| Lot Size | 10,454 | 10,890 |
| Price | $299.0K | $568.3K |
| Price per sq ft | $352 | $307 |
| Built year | 1955 | 1971 |
| HOA | $0 | $137 |
| Days on market | 12 | 69 |
Pricing History
Listed for Sale
Aug 28, 2026
$299,000
Initial Listing