3214 Resha Ln, Nashville, TN 37218, Nashville, 37218 - 3 bed, 1 bath
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Nashville, TN 37218
This property presents a High-Potential Investment Opportunity with a List Price of $399,000—positioned well below the $398,327 Fair Market Value (effectively at market). With a Condition Rating of 6, this asset serves as a prime teardown or major renovation candidate. The 0.48-acre lot and sweeping downtown skyline views provide significant upside in a high-growth corridor. While school ratings are low, the proximity to the Oracle campus and Germantown drives strong demand. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking redevelopment potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3214 Resha Ln Subject | $399,000* List Price | 3 | 1 | 2,494 | $160 | - |
A 3223 Lincoln Ave Active | $295,000 List Price | 3 | 2 | 2,000 | $148 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1958 (>50 years old) with no mention of renovations. The listing description focuses exclusively on land value, skyline views, and redevelopment potential, marketing the property as a site for new construction rather than a livable residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 2494.
Situated in a rapidly growing redevelopment corridor near Germantown and the future Oracle campus, offering significant appreciation potential and proximity to major urban amenities.
The property features rare, sweeping views of the downtown Nashville skyline, providing a premium aesthetic value that is highly sought after in the local market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2494, other record living area = 1392. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1958 and featuring only one bathroom for nearly 2,500 square feet, the existing structure likely requires extensive renovation or serves primarily as a teardown candidate.
The assigned middle and high schools carry low performance ratings (3 and 1 respectively), which may limit the property's appeal to families prioritizing public education.
Rare opportunity to acquire a property with sweeping downtown Nashville skyline views in one of the city's fastest-growing redevelopment corridors. Located just minutes from Germantown, downtown, the Nashville Farmers' Market, Bicentennial Capitol Mall State Park, and the transformative East Bank district—including River North and the future Oracle Corporation campus—this property is surrounded by substantial investment and new construction. Numerous recently built attached and detached homes highlight the area's momentum. An adjacent parcel at 2108 Summit Ave may also be available, offering the possibility of a larger assembled site for future development. Buyer to independently verify all zoning, lot assembly, and development possibilities.
No exterior & parking available.
Grades PK-4 • 2.3 mi
Grades 5-8 • 8.3 mi
Grades 9-12 • 5.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 2,494 | - |
| Lot Size | 20,909 | - |
| Price | $399.0K | $556.8K |
| Price per sq ft | $160 | $306 |
| Built year | 1958 | 0 |
| HOA | $0 | $0 |
| Days on market | 21 | 484 |
Jul 2, 2026
$399,000
Initial Listing
Dec 6, 1995
$44,300
Public Record