366 Melpar Dr, Nashville, TN 37211, Nashville, 37211 - 3 bed, 2 bath
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Nashville, TN 37211
This All-Brick Ranch represents a Strong Value Opportunity, listed at $354,900—positioned well below the $377,744 Fair Market Value by 6%. This valuation gap offers $22,844 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers a functional layout with modern updates, a large 0.48-acre lot, and a screened-in porch. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a solid, well-located asset in Nashville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 366 Melpar Dr Subject | $354,900* List Price | 3 | 2 | 1,275 | $296 | - |
A 498 Whispering Hills Dr Sold | $450,000 | 3 | 2 | 1,284 | $350 | 0.7 mi |
B 498 Whispering Hills Dr Sold | $450,000 | 3 | 2 | 1,282 | $351 | 0.7 mi |
C 498 Whispering Hills Dr Sold | $450,000 | 3 | 2 | 1,284 | $350 | 0.7 mi |
D 363 Leo Ln Sold | $315,500 | 3 | 2 | 1,461 | $216 | 0.4 mi |
E 537 Whispering Hills Dr Sold | $375,000 | 3 | 2 | 1,664 | $225 | 0.8 mi |
F 325 Melpar Dr Sold | $337,000 | 2 | 1 | 1,275 | $264 | 0.4 mi |
G 304 Leo Ct Active | $427,000 List Price | 3 | 2 | 1,322 | $323 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1957, the home is well-maintained and move-in ready. The kitchen has been partially updated with white cabinetry and stainless steel appliances, and the interior features modern paint and functional original hardwood floors. It fits the criteria for a well-maintained property with renovations likely in the 5-15 year range.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20909, living area = 1275.
Situated just five minutes from the interstate in the desirable Fairlane/Tusculum area, this home offers an exceptionally easy commute and close proximity to local dining and shopping.
The property features a large screened-in porch and a flat, usable 0.48-acre backyard, providing rare and ample space for gardening, pets, and outdoor entertainment in an urban setting.
Built in 1957 and described as 'ready to make your own,' the interior likely requires cosmetic updates or system renovations to meet modern aesthetic and functional standards.
While the elementary school is well-rated, the assigned high schools have lower performance ratings, which may be a significant consideration for families with older children.
Tucked away in the desirable Fairlane/Tusculum area, 366 Melpar Drive offers classic mid-century charm with the timeless appeal of an all-brick ranch. This well-located home combines convenience and character, sitting just five minutes from the interstate for an easy commute while still enjoying the feel of an established neighborhood. Inside, you’ll find the simplicity and functionality that make ranch-style living so appealing, with comfortable spaces ready to make your own. Step outside and you’ll quickly discover one of the home’s standout features—a large screened-in porch that’s perfect for relaxing, entertaining, or enjoying quiet mornings. It overlooks a flat, usable backyard that offers plenty of room for outdoor activities, gardening, or pets. The location is hard to beat, with a variety of popular local restaurants, shops, and everyday amenities just minutes away. Whether you’re looking for convenience, outdoor space, or classic mid-century style, this home delivers a great opportunity in one of Nashville’s most accessible areas.
No exterior & parking available.
Grades K-4 • 0.4 mi
Grades PK-4 • 0.8 mi
Grades 5-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,275 | 1,715 | 19% |
| Lot Size | 20,909 | 12,197 | 83% |
| Price | $354.9K | $450.0K | 31% |
| Price per sq ft | $278 | $242 | 67% |
| Built year | 1957 | 1971 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 443 | 0% |
May 1, 2026
$354,900
Initial Listing