3118 Lake Park Dr, Nashville, TN 37211, Nashville, 37211 - 3 bed, 2 bath
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3118 Lake Park Dr
Nashville, TN 37211
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,645Sq Ft
12,632Lot Size
Property Price
LIST PRICE$439,000
EST. MARKET VALUE
$429,095
SUMMARY
This Spacious Ranch Home represents a Strong Value Opportunity, listed at $439,000—positioned well below the $429,095 Fair Market Value by -2%. Featuring a Condition Rating of 3, the property offers a functional layout with modern updates like LVP flooring and a versatile sunroom. The expansive 12,632 sqft lot provides significant outdoor utility, balancing lifestyle appeal with long-term potential. While school ratings in the immediate area are modest, the property’s proximity to downtown Nashville makes it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a solid, customizable asset.
Estimated Market Value
$429,095
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 |
|---|---|---|---|---|---|---|
★ 3118 Lake Park Dr Subject | $439,000* List Price | 3 | 2 | 1,645 | $261 | - |
A 150 Lake Park Dr Sold | $489,900 | 3 | 2 | 1,950 | $251 | 0.1 mi |
B 193 Empire Dr Sold | $410,000 | 3 | 2 | 1,417 | $289 | 0.9 mi |
C 3614 Floral Dr Sold | $417,000 | 4 | 3 | 1,575 | $265 | 0.6 mi |
D 3604 Sabre Dr Sold | $362,000 | 3 | 1 | 1,181 | $307 | 0.5 mi |
E 3006 Wingate Ave Sold | $320,000 | 3 | 1 | 1,086 | $295 | 0.3 mi |
F 241 Timmons St Sold | $325,000 | 3 | 1 | 1,092 | $298 | 0.4 mi |
G 300 Timmons St Sold | $450,000 | 3 | 2 | 1,490 | $302 | 0.7 mi |
H 3115 Southlake Dr Active | $459,000 List Price | 3 | 2 | 1,711 | $268 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1951, the property shows evidence of renovations within the 5-15 year range, including updated LVP flooring, recessed lighting, and a modernized bathroom vanity and fixtures. The home is well-maintained and move-in ready, fitting the criteria for a functional, updated older home.
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 = 12632, living area = 1645.
- Versatile Sunroom
The large sunroom serves as a multi-functional space for dining or entertaining, flooded with natural light that enhances the home's interior feel.
- Expansive Outdoor Space
With a generous 12,632 sqft lot and a large patio, the property offers exceptional room for gardening, grilling, and outdoor recreation in a city setting.
CONSRISKS & DEFICIENCIES
- Modernization Required
Built in 1951, the home retains original character but requires updates to its interior finishes and systems to reach its full market potential.
- Low School Ratings
The assigned middle and high schools have low performance ratings, which could impact long-term resale value for families with school-aged children.
About 3118 Lake Park Dr
Charming ranch home in an established South Nashville neighborhood with great indoor and outdoor spaces. This 3-bedroom, 2-bath home has a comfortable layout, original character and plenty of natural light. One of the best features is the large sunroom, currently used as an oversized dining room. It’s a great space for entertaining, family dinners, a second living area or simply enjoying all the natural light. Out back, the spacious patio and yard give you plenty of room to grill, entertain, garden or just hang out. Inside, the home is comfortable as-is while still offering plenty of opportunity to update and make it your own over time. Conveniently located near shopping, dining, major roadways and just a short drive to downtown Nashville. If you’re looking for a solid home with character, good space and a great backyard, Lake Park is one to see.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 12,632 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Glencliff Elementary School
Grades K-4 • 0.4 mi
6/10
Wright Middle School
Grades 5-8 • 0.4 mi
3/10
Glencliff Comp High School
Grades 9-12 • 0.3 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,645 | 2,093.129 |
| Lot Size | 12,632 | 10,890 |
| Price | $439.0K | $568.3K |
| Price per sq ft | $267 | $307 |
| Built year | 1951 | 1971 |
| HOA | $0 | $137 |
| Days on market | 20 | 69 |
Pricing History
Listed for Sale
Aug 20, 2026
$439,000
Initial Listing