3214 Resha Ln, Nashville, TN 37218, Nashville, 37218 - 3 bed, 1 bath
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3214 Resha Ln
Nashville, TN 37218
ACTIVE
CONDITION: TEAR DOWN
3Beds
1Baths
2,494Sq Ft
20,909Lot Size
Property Price
LIST PRICE$390,000
EST. MARKET VALUE
$390,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $390,000, currently aligned with its $390,000 Fair Market Value. Featuring a Condition Rating of 6, the structure is functionally obsolete, making this a pure land-value play. The expansive 0.48-acre lot and sweeping downtown skyline views offer significant upside for redevelopment in a high-growth corridor near the Oracle campus. This is a strategic acquisition ideal for Real Estate Developers or Buy-and-Hold Investors looking to capitalize on Nashville’s rapid urban expansion.
Estimated Market Value
$390,000
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 |
|---|---|---|---|---|---|---|
★ 3214 Resha Ln Subject 3 bd · 1 ba · 2,494 sqft · $156 | $390,000* List Price | 3 | 1 | 2,494 | $156 | - |
A 3223 Lincoln Ave Active 3 bd · 2 ba · 2,000 sqft · $148 · 0.4 mi | $295,000 List Price | 3 | 2 | 2,000 | $148 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1958 (>50 years old) with no recorded renovations. The listing is marketed primarily for its land value, skyline views, and redevelopment potential in a high-growth corridor, indicating the structure is functionally obsolete.
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 = 20909, living area = 2494.
- Skyline Views
The property offers sweeping views of the downtown Nashville skyline, a premium feature that significantly enhances its appeal for luxury redevelopment or high-end residential use.
- Development Potential
Situated on a generous 0.48-acre lot within a fast-growing redevelopment corridor, the property presents a prime opportunity for new construction or potential lot assembly with adjacent parcels.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Low School Ratings
The property is served by schools with low performance ratings, specifically a 3 for the middle school and a 1 for the high school, which may limit appeal for families.
- Functional Obsolescence
The current 1958 structure features an unbalanced ratio of three bedrooms to only one bathroom across nearly 2,500 square feet, likely requiring a significant layout reconfiguration.
About 3214 Resha Ln
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 20,909 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Cumberland Elementary School
Grades PK-4 • 2.3 mi
5/10
Joelton Middle School
Grades 5-8 • 8.3 mi
3/10
Whites Creek Comp High School
Grades 9-12 • 5.6 mi
1/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 2,494 | 2,045.139 |
| Lot Size | 20,909 | 10,890 |
| Price | $390.0K | $556.0K |
| Price per sq ft | $156 | $305 |
| Built year | 1958 | 1971 |
| HOA | $0 | $133 |
| Days on market | 114 | 70 |
Pricing History
Listed for Sale
Jul 2, 2026
$390,000
Initial Listing
Sold
Dec 6, 1995
$44,300
Public Record