338 Lynn Dr, Nashville, TN 37211, Nashville, 37211 - 4 bed, 3 bath
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Nashville, TN 37211
This Income-Producing Nashville Residence is listed at $589,000, offering a stable acquisition at its $589,000 Fair Market Value with $0 in Instant Equity. Boasting a Good Condition Rating, the home features essential capital improvements including a New HVAC (2024) and New Roof (2022). The versatile floor plan includes a separate basement entrance and dual laundry, perfectly suited for Owner-Occupied Short-Term Rentals (OOSTRP) or multi-generational living. Located near Norman Binkley Elementary, this property is an ideal match for House-Hackers or Owner-Occupants seeking a move-in-ready home with built-in financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 338 Lynn Dr Subject | $589,000* List Price | 4 | 3 | 2,600 | $227 | - |
A 513 Richmar Dr Sold | $675,000 | 4 | 3 | 2,350 | $287 | 0.5 mi |
B 513 Richmar Dr Sold | $675,000 | 4 | 3 | 2,374 | $284 | 0.5 mi |
C 513 Richmar Dr Sold | $675,000 | 4 | 3 | 2,350 | $287 | 0.5 mi |
D 357 Wauford Dr Sold | $599,999 | 4 | 2 | 2,616 | $229 | 0.4 mi |
E 357 Wauford Dr Sold | $599,999 | 3 | 2 | 2,616 | $229 | 0.4 mi |
F 315 Lynn Dr Sold | $635,000 | 4 | 3 | 2,314 | $274 | 0.2 mi |
G 4804 E Longdale Dr Active | $550,000 List Price | 4 | 2 | 2,376 | $231 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone extensive recent capital improvements, including a new HVAC (2024), roof (2022), and water heater (2021). The main kitchen is fully modernized with white shaker cabinets, granite countertops, and stainless steel appliances. While the home is highly updated, the basement kitchen features older white appliances and the property retains some 1960s infrastructure, which aligns best with the 'good' criteria for well-maintained, updated homes.
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.
The property features a fully finished basement with a separate entrance, kitchen potential, and dedicated laundry, making it an ideal candidate for Owner Occupied Short Term Rentals (OOSTRP) or multi-generational living.
Recent high-ticket upgrades including a new HVAC (2024), roof (2022), and water heater (2021) significantly reduce the immediate risk of major maintenance expenses for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2600, other record living area = 2650.
The assigned middle and high schools currently hold lower ratings (3/10), which may be a deterrent for families prioritizing top-tier public education and could impact future resale velocity.
Despite recent renovations and system updates, the 1961 construction may still harbor older plumbing or electrical components common in homes of this era that were not fully replaced during cosmetic updates.
Motivated sellers! Welcome to an awesome opportunity for an income producing home in Caldwell Hall. Recently updated and renovated a few years ago, this is a perfect option for multigenerational living or income production. Separate unit in basement makes it a perfect option for Owner Occupied Short Term Rentals (OOSTRP), or an expansive space for living and hosting, or an in-law suite with separate access. Laundry on both levels! Each level has a separate entrance and two bedrooms and bathrooms. The options are endless with this home, plenty of parking including a long driveway and a covered carport, plus a fully fenced back yard, and an fantastic location with proximity to I-65 and Nashville, Ellington Ag center, and much more! New Roof 2022, HVAC 2024, and Water Heater 2021! Washer and Dryer 2022!
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades 5-8 • 0.8 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 3.0 | 2.0 | 57% |
| Square foot | 2,600 | 1,827 | 79% |
| Lot Size | 12,197 | 11,761 | 51% |
| Price | $589.0K | $449.9K | 76% |
| Price per sq ft | $227 | $238 | 42% |
| Built year | 1961 | 1968 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 105 | 474 | 3% |
Jan 8, 2026
$589,000
Initial Listing