3058 Penn Meade Way, Nashville, TN 37214, Nashville, 37214 - 3 bed, 2 bath
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Nashville, TN 37214
This Compact Residential Asset is listed at $315,000, positioned above the $290,535 Fair Market Value. The primary value proposition lies in the Highly Motivated Seller and the explicit openness to Creative Financing, offering a strategic entry point for buyers seeking non-traditional terms. Maintaining a Fair Condition Rating, the home features vaulted ceilings, a fireplace, and a private fenced yard with a patio. Located near Shelby Bottoms Greenway and Pennington Elementary (Rating 7), this property is a tactical acquisition for Buy-and-Hold Investors or Owner-Occupants prioritizing Nashville connectivity and flexible purchase options.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3058 Penn Meade Way Subject | $315,000* List Price | 3 | 2 | 948 | $306 | - |
A 2735 Penn Meade Dr Sold | $315,000 | 2 | 2 | 991 | $318 | 0.2 mi |
B 1200 Alandee St Sold | $285,000 | 2 | 1 | 798 | $357 | 0.2 mi |
C 2735 Penn Meade Dr Sold | $315,000 | 2 | 2 | 991 | $318 | 0.2 mi |
D 3155 Penn Meade Way Active | $305,000 List Price | 3 | 2 | 925 | $330 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2002 (22 years old), the property falls into the 'Fair' category as it is over 20 years old with mostly original finishes. The kitchen features dated light-oak cabinetry and a mix of appliances, including an older coil-top stove. While functional, the interior shows signs of needing minor cosmetic repairs (such as painter's tape on walls), and the exterior landscaping appears neglected.
Ideally situated near Shelby Bottoms Greenway and Percy Priest Lake, this property offers a quiet residential atmosphere with rapid access to downtown Nashville and local recreation.
The seller is highly motivated and explicitly open to creative financing offers, providing a significant advantage for buyers looking for non-traditional purchase terms.
The home boasts modern architectural touches including vaulted ceilings, a fireplace, and a primary suite with a bay window and dual closets, enhancing its aesthetic appeal.
With only 948 square feet for a three-bedroom configuration, the living spaces and bedrooms are exceptionally compact, which may not suit all buyer needs.
While the elementary school is well-rated, the assigned middle and high schools have lower performance ratings, which could be a concern for families prioritizing education.
Some homes just make sense. The layout flows, the space works, and the location puts you close to everything worth being close to in Nashville, without the noise. This 3 bed 2 bath home sits in one of the city's most connected pockets, with Shelby Bottoms Greenway, Percy Priest Lake, and some of the area's best golf all within a short drive. You're minutes from the river, minutes from downtown, and the moment you come home, none of that matters because this neighborhood is quiet. Inside, vaulted ceilings, fireplace in the main living area, where a sliding glass door opens straight to the back patio. The kitchen wraps around a peninsula bar with room for stools. Stainless appliances and plenty of cabinet storage make it functional without fuss. The primary suite has a bay window that fills the room with light, dual closets, and a private bath. Two additional bedrooms with good closet space share a full hall bath. Laundry is in the garage, which also has built-in shelving and room for a workshop setup or extra storage. Out back, a private fenced yard with a concrete patio gives you a real outdoor space — the kind you actually use. Highly motivated seller willing to entertain any creative financing offers.
No exterior & parking available.
Grades PK-4 • 3.0 mi
Grades PK-4 • 4.7 mi
Grades 5-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 948 | 1,634.5 | 5% |
| Lot Size | 3,049 | 13,939 | 4% |
| Price | $315.0K | $389.5K | 30% |
| Price per sq ft | $332 | $247 | 92% |
| Built year | 2002 | 1963 | 83% |
| HOA | $25 | $0 | 78% |
| Days on market | 9 | 294 | 0% |
Apr 13, 2026
$315,000
Initial Listing