338 Lynn Dr, Nashville, TN 37211, Nashville, 37211 - 4 bed, 3 bath
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338 Lynn Dr
Nashville, TN 37211
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,600Sq Ft
12,197Lot Size
Property Price
LIST PRICE$499,900
EST. MARKET VALUE
$509,768
SUMMARY
This Versatile Dual-Living Property represents a Strong Value Opportunity, listed at $499,900—positioned well below the $509,768 Fair Market Value by 2%. This valuation gap offers $9,868 in Instant Equity. With a Condition Rating of 2, the home features a new 2024 HVAC and 2022 roof. The flexible layout with separate entrances is perfect for house hacking or multigenerational living. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating asset in Nashville.
Estimated Market Value
$509,768
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 |
|---|---|---|---|---|---|---|
★ 338 Lynn Dr Subject 4 bd · 3 ba · 2,600 sqft · $196 | $499,900* List Price | 4 | 3 | 2,600 | $196 | - |
A 600 Elaine Dr Sold 3 bd · 2 ba · 2,219 sqft · $214 · 0.2 mi | $475,000 | 3 | 2 | 2,219 | $214 | 0.2 mi |
B 344 Lynn Dr Active 3 bd · 3 ba · 2,764 sqft · $232 · 0.0 mi | $639,900 List Price | 3 | 3 | 2,764 | $232 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1961, the property has undergone a high-end renovation within the last 5 years, featuring a modern open-concept kitchen with stainless appliances and updated flooring. Crucially, all major systems are in mint condition with a new HVAC (2024), roof (2022), and water heater (2021), requiring no immediate maintenance.
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 = 12197, living area = 2600.
- Income Potential
The versatile layout includes two distinct living spaces with separate entrances and kitchens, perfect for house hacking, multigenerational living, or generating rental income.
- Recent Capital Improvements
Major high-ticket items have been recently replaced, including a new HVAC (2024), roof (2022), and water heater (2021), providing peace of mind and lower immediate maintenance costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2600, other record living area = 2650.
- School Performance
The property is zoned for middle and high schools with lower academic ratings (3/10), which could impact long-term resale value for families.
- Property Age
Built in 1961, the home may require ongoing attention to older structural elements or cosmetic updates to match the modern functionality of its newer mechanical systems.
About 338 Lynn Dr
This versatile property offers two distinct living spaces, each featuring its own kitchen, living area, laundry, and separate entrance. The flexible layout creates an excellent opportunity for an owner-occupant looking to house hack, a multigenerational living arrangement, or an investor seeking rental income potential. Each space offers 2 bedrooms and 2 bathrooms, providing flexibility for a variety of living and rental options. Additional highlights include a fully fenced backyard, long driveway, covered carport, and ample parking. Recent updates include a new roof in 2022, HVAC in 2024, water heater in 2021, and washer and dryer in 2022. Conveniently located near I-65, Ellington Agricultural Center, and minutes from the heart of Nashville, this property offers both flexibility and opportunity in a desirable location. Ask about our free 1-0 rate buy down!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 12,197 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Norman Binkley Elementary School
Grades PK-4 • 0.3 mi
6/10
Croft Design Center Middle Prep
Grades 5-8 • 0.8 mi
3/10
John Overton Comp High School
Grades 9-12 • 1.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,600 | 2,045.139 |
| Lot Size | 12,197 | 10,890 |
| Price | $499.9K | $556.0K |
| Price per sq ft | $192 | $305 |
| Built year | 1961 | 1971 |
| HOA | $0 | $133 |
| Days on market | 26 | 70 |
Pricing History
Listed for Sale
Sep 28, 2026
$499,900
Initial Listing