333 Deer Lake Dr, Nashville, TN 37221, Nashville, 37221 - 2 bed, 1 bath
Loading property details...
333 Deer Lake Dr
Nashville, TN 37221
ACTIVE
CONDITION: FAIR
2Beds
1Baths
916Sq Ft
871Lot Size
Property Price
LIST PRICE$172,500
EST. MARKET VALUE
$180,745
4% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a Single-Level Condominium listed at $172,500—positioned well below the $180,745 Fair Market Value by 4%. This valuation gap provides $8,245 in Instant Equity. Featuring a Fair Condition Rating, the unit includes a brand-new tub/shower combo and a large covered patio. Situated in a 55+ community with serene pond views, this property offers a low-maintenance lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking an affordable, accessible residence in West Nashville.
Estimated Market Value
$180,745+$8,245 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 333 Deer Lake Dr Subject 2 bd · 1 ba · 916 sqft · $197 | $172,500* List Price | 2 | 1 | 916 | $197 | - |
A 389 Deer Lake Dr Sold 2 bd · 1 ba · 916 sqft · $164 · 0.2 mi | $150,000 | 2 | 1 | 916 | $164 | 0.2 mi |
B 324 Deer Lake Dr Sold 2 bd · 1 ba · 916 sqft · $238 · 0.1 mi | $218,000 | 2 | 1 | 916 | $238 | 0.1 mi |
C 810 Bellevue Rd 183 Sold 2 bd · 1 ba · 912 sqft · $197 · 0.9 mi | $180,000 | 2 | 1 | 912 | $197 | 0.9 mi |
D 810 Bellevue 242 Sold 2 bd · 1 ba · 912 sqft · $208 · 0.8 mi | $190,000 | 2 | 1 | 912 | $208 | 0.8 mi |
E 413 Deer Lake Dr Sold 2 bd · 1 ba · 1,058 sqft · $198 · 0.3 mi | $210,000 | 2 | 1 | 1,058 | $198 | 0.3 mi |
F 810 Bellevue Rd 214 Sold 2 bd · 2 ba · 1,058 sqft · $211 · 0.8 mi | $223,000 | 2 | 2 | 1,058 | $211 | 0.8 mi |
G 314 Deer Lake Dr Active 2 bd · 1 ba · 916 sqft · $191 · 0.1 mi | $175,000 List Price | 2 | 1 | 916 | $191 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1984 (40 years old), the property is functional but dated. While it features a brand new tub/shower combo and updated laminate flooring in the kitchen, the kitchen itself retains older cabinetry, dated countertops, and aging appliances. The fluorescent lighting and worn carpeting indicate the unit needs minor cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced at $172,500, this property offers a highly competitive entry point into the Nashville real estate market, providing significant value for a two-bedroom residence.
- Desirable 55+ Community Lifestyle
Located in the Deer Lake community, residents enjoy a low-maintenance environment with premium amenities including green spaces, a serene pond with a fountain, and paved walking paths.
- Functional Single-Level Design
The open, single-level floor plan features a brand-new tub/shower combo and a large covered patio, offering excellent accessibility and comfortable indoor-outdoor living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1003.
- Restricted Buyer Pool
The 55+ age restriction limits the potential demographic of buyers, which may result in a longer time on market compared to non-restricted residential properties.
- Limited Bathroom Facilities
With only one bathroom serving two bedrooms, the layout may be less appealing to buyers who prioritize a primary ensuite or a dedicated guest half-bath.
About 333 Deer Lake Dr
Brand new tub/shower combo! This charming 2 bedroom, 1 bath single level condo offers the perfect blend of convenience and community living. Step inside to an open floor plan that maximizes space and comfort and then head outside to the large covered patio, a peaceful retreat for your morning coffee or winding down in the evening. Situated in the 55+ Deer Lake community that features green space, a serene pond with a fountain, and paved sidewalks perfect for daily strolls. Location is everything and here you are minutes away from West Nashville's best shopping, dining, parks and entertainment. If you are looking to downsize into a low maintenance lifestyle in a desirable area, this condo is an absolute must see. Schedule your tour today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $225 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 916 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $172.5K | $347.6K |
| Price per sq ft | $188 | $343 |
| Built year | 1984 | 2007 |
| HOA | $225 | $334 |
| Days on market | 50 | 92 |
Pricing History
Listed for Sale
Sep 4, 2026
$172,500
Initial Listing