3305 Spears Rd, Nashville, TN 37207, Nashville, 37207 - 3 bed, 1 bath
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Nashville, TN 37207
This Income-Producing Residential Asset represents a Strong Value Opportunity with a List Price of $295,000—positioned well below the $322,740 Fair Market Value by 8%. This valuation gap provides $27,740 in Instant Equity. The property boasts a Mint Condition Rating due to recent renovations including modern LVP flooring and fresh paint. With a tenant secured through January 2027 and a large 11,326 sqft lot, it offers immediate cash flow and long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3305 Spears Rd Subject | $295,000* List Price | 3 | 1 | 1,350 | $239 | - |
A 3229 Moorewood Dr Sold | $329,000 | 3 | 1 | 1,327 | $248 | 0.2 mi |
B 413 Vailview Dr Sold | $340,000 | 3 | 2 | 1,272 | $267 | 0.6 mi |
C 3214 Doverside Dr Sold | $350,000 | 3 | 2 | 1,686 | $208 | 0.3 mi |
D 2628 Thornton Grove Blvd Sold | $311,860 List Price | 3 | 2 | 1,336 | 0.9 mi | |
E 3213 Sennadale Ln Active | $374,500 List Price | 3 | 2 | 1,325 | $283 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1962, the property has been recently renovated with modern LVP flooring, fresh neutral paint, and updated hardware. The interior appears to be in mint, move-in ready condition, meeting the criteria for a renovation completed within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11326, living area = 1350.
The property is already leased through January 31, 2027, providing investors with guaranteed cash flow and immediate stability without the vacancy risks of a new acquisition.
Having been nicely renovated, the home is in clean, functional condition, which minimizes the need for immediate capital expenditures or post-purchase repairs.
Showings are only available with an accepted offer, which creates a significant barrier for buyers who prefer to inspect a property before committing to a contract.
The assigned public schools carry relatively low ratings (ranging from 2 to 4), which may limit the property's appeal to families and impact long-term resale value.
Nicely renovated and already producing income, this 3 bed, 1 bath home offers a straightforward investment opportunity. Clean condition, functional layout, and a tenant in place make it an easy addition for investors looking for stability today with upside tomorrow. Well-positioned location supports long-term demand and future rent growth. Showings scheduled with accepted offer. Property is leased thru January 31, 2027
No exterior & parking available.
Grades PK-4 • 2.1 mi
Grades PK-4 • 2.2 mi
Grades 5-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,350 | 1,464.5 | 38% |
| Lot Size | 11,326 | 8,712 | 74% |
| Price | $295.0K | $375.0K | 36% |
| Price per sq ft | $219 | $237 | 40% |
| Built year | 1962 | 1970 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 329 | 1% |
May 5, 2026
$295,000
Initial Listing