3428 Rainwood Dr, Nashville, TN 37207, Nashville, 37207 - 3 bed, 2 bath
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3428 Rainwood Dr
Nashville, TN 37207
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,064Sq Ft
6,098Lot Size
Property Price
LIST PRICE$279,900
EST. MARKET VALUE
$250,619
11% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $279,900, positioned above the $250,619 Fair Market Value. While the property carries a Fair Condition Rating, it features updated mechanical systems and fresh paint, minimizing immediate capital expenditures. The home offers a functional layout with a spacious backyard, providing a stable entry point into the Nashville market. Given the proximity to downtown and the lack of HOA fees, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable, well-located asset.
Estimated Market Value
$250,619
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 |
|---|---|---|---|---|---|---|
★ 3428 Rainwood Dr Subject | $279,900* List Price | 3 | 2 | 1,064 | $236 | - |
A 3116 Lauren Evelyn Way Sold | $280,000 | 4 | 2 | 1,276 | $219 | 0.4 mi |
B 3172 Lauren Evelyn Way Active | $299,900 List Price | 3 | 2 | 1,051 | $285 | 0.2 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 2003 (21 years old), the property falls into the 'Fair' category based on age. While it features updated mechanical systems and fresh paint, the interior remains somewhat dated, and the seller's offering of a carpet allowance indicates a need for minor updates to reach move-in ready standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated just 10 minutes from downtown Nashville, this property offers exceptional proximity to the city's major employment hubs, dining, and entertainment.
- Turn-Key Maintenance
The home features updated mechanical systems, fresh interior paint, and includes a decorator’s allowance for new carpeting, ensuring a move-in-ready experience with reduced immediate capital expenditures.
- Strong Value Proposition
Priced competitively under $300,000 with no monthly HOA fees, this property represents an affordable entry point into an established Nashville community.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The assigned public schools carry low ratings (ranging from 2 to 4), which may deter families and potentially impact future appreciation rates compared to higher-rated districts.
- Limited Square Footage
With only 1,064 square feet to accommodate three bedrooms, the interior layout is likely compact, which may feel restrictive for growing families or those requiring significant storage space.
About 3428 Rainwood Dr
Welcome to this charming, well-kept cottage nestled in an established community just 10 minutes from downtown! This inviting home has been thoughtfully maintained, with updated mechanical systems and a clean, comfortable interior that’s ready for its next owner. Freshly painted throughout, the home offers a warm and welcoming feel, while the spacious backyard provides room to relax, entertain, or enjoy outdoor living. A decorator’s allowance is being offered toward carpet replacement, giving the new owner the opportunity to add their personal touch. The washer and dryer remain, adding even more convenience. With its desirable location, established neighborhood, updated mechanicals, and move-in-ready condition, this quaint cottage is a wonderful opportunity close to all that downtown has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Bellshire Elementary Design Center
Grades PK-4 • 2.0 mi
4/10
Madison Middle Prep
Grades 5-8 • 3.6 mi
3/10
Hunters Lane Comp High School
Grades 9-12 • 2.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,064 | 2,093.129 |
| Lot Size | 6,098 | 10,890 |
| Price | $279.9K | $568.3K |
| Price per sq ft | $263 | $307 |
| Built year | 2003 | 1971 |
| HOA | $0 | $137 |
| Days on market | 15 | 69 |
Pricing History
Listed for Sale
Aug 25, 2026
$279,900
Initial Listing