3163 Penn Meade Way, Nashville, TN 37214, Nashville, 37214 - 3 bed, 3 bath
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3163 Penn Meade Way
Nashville, TN 37214
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,444Sq Ft
3,485Lot Size
Property Price
LIST PRICE$343,000
EST. MARKET VALUE
$347,267
SUMMARY
This Move-In Ready Single Family Residence is a Strong Value Opportunity, listed at $343,000—positioned well below the $347,268 Fair Market Value by 1%. This valuation gap offers $4,268 in Instant Equity. The property maintains a Condition Rating of 3, featuring a New 2024 Roof and updated fence. While the school district presents mixed ratings, the home’s proximity to downtown and Opry Mills ensures high demand. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a stable, well-maintained home.
Estimated Market Value
$347,267
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 |
|---|---|---|---|---|---|---|
★ 3163 Penn Meade Way Subject 3 bd · 3 ba · 1,444 sqft · $240 | $343,000* List Price | 3 | 3 | 1,444 | $240 | - |
A 2632 River Meade Way Sold 3 bd · 2 ba · 1,111 sqft · $252 · 0.1 mi | $280,000 | 3 | 2 | 1,111 | $252 | 0.1 mi |
B 3131 Penn Meade Way Active 3 bd · 3 ba · 1,444 sqft · $256 · 0.1 mi | $370,000 List Price | 3 | 3 | 1,444 | $256 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006 (20 years old), the property is well-maintained and move-in ready. It features significant recent updates including a new roof (2024), fresh paint, and a new microwave. While the kitchen cabinets and black appliances are functional and typical for the era, they are not recently renovated. The seller is also providing a carpet allowance, ensuring the interior remains in good condition for the next owner.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Capital Improvements
The property features significant recent upgrades including a new roof (2024), fresh paint, and an updated fence, reducing immediate maintenance needs for the new owner.
- Strategic Location
Situated in the desirable River Glen community, the home offers excellent proximity to Opry Mills, Briley Parkway, and Downtown Nashville, providing a perfect balance of neighborhood comfort and urban access.
- Strong Buyer Incentives
The listing offers attractive financial perks including a carpet allowance, potential 100% financing, and a 1% closing cost credit from a preferred lender, lowering the barrier to entry for qualified buyers.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a lot size of only 3,485 square feet, the property has a relatively small yard, which may not appeal to buyers seeking significant outdoor living or gardening space.
- Secondary School Ratings
While the elementary schools are highly rated, the assigned middle and high schools have lower ratings (3/10), which could be a concern for families prioritizing long-term educational performance.
About 3163 Penn Meade Way
PRICED TO SELL. NOW OFFERING UP TO $7500 in CLOSING COST! Welcome to 3163 Penn Meade Way in Nashville's desirable River Glen community! Perfect Home to make Your Own! Location just minutes from OpryMills, Briley Parkway and Downtown Nashville. Enjoy easy access to major highways, shopping, dining and entertainment while still having the comfort of a neighborhood setting. The home features a downstairs dining/flex space to be used as additional office, indoor gym, craft room, or game room. Recent improvements include: ROOF (2024) ,FRESH PAINT, NEW NEVER USED INSTALLED MICROWAVE, & UPDATED FENCE ( August 2026 ). Carpet allowance with a suitable offer, allowing the buyer to select the carpet that best fits their style. Carpet Samples provided at showing. For qualified buyers, 100% financing may be available, plus a preferred lender may offer an additional 1% toward ($3,490) toward closing costs, subject to buyer qualification and lender/program guidelines. Flood insurance not required.Low annual HOA managed by CMA. Send offers to Nashvillenewhomefinder@gmail.com. Text Offer sent to 931-448-1010.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $65 / Month
Neighborhood Insights
Nashville Unified Schools
Pennington Elementary School
Grades PK-4 • 2.9 mi
7/10
Stanford Elementary Montessori Design Center
Grades PK-4 • 4.7 mi
7/10
Two Rivers Middle School
Grades 5-8 • 3.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,444 | 2,045.139 |
| Lot Size | 3,485 | 10,890 |
| Price | $343.0K | $556.0K |
| Price per sq ft | $238 | $305 |
| Built year | 2006 | 1971 |
| HOA | $65 | $133 |
| Days on market | 87 | 70 |
Pricing History
Listed for Sale
Jul 29, 2026
$343,000
Initial Listing