370 Wallace Rd B3, Nashville, TN 37211, Nashville, 37211 - 1 bed, 1 bath
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370 Wallace Rd B3
Nashville, TN 37211
ACTIVE
CONDITION: FAIR
1Beds
1Baths
644Sq Ft
871Lot Size
Property Price
LIST PRICE$150,000
EST. MARKET VALUE
$137,263
9% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity is a 1-bedroom condominium listed at a List Price of $150,000, positioned well below the $137,264 Fair Market Value by -9%. Featuring a Condition Rating of 4, the unit includes modern luxury vinyl plank flooring and updated lighting. Located near Southern Hills Hospital with access to a community pool and tennis court, this asset offers consistent rental demand. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable, low-maintenance entry into the Nashville market.
Estimated Market Value
$137,263
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 |
|---|---|---|---|---|---|---|
★ 370 Wallace Rd B3 Subject 1 bd · 1 ba · 644 sqft · $213 | $150,000* List Price | 1 | 1 | 644 | $213 | - |
A 370 Wallace Rd A15 Sold 1 bd · 1 ba · 644 sqft · $202 · 0.0 mi | $130,000 | 1 | 1 | 644 | $202 | 0.0 mi |
B 370 Wallace Rd A9 Active 1 bd · 1 ba · 644 sqft · $232 · 0.0 mi | $149,600 List Price | 1 | 1 | 644 | $232 | 0.0 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 1970, the property is over 50 years old but has received recent cosmetic updates including newer luxury vinyl plank flooring and updated lighting. While the description notes it is well-maintained, the exterior architecture is dated, and there is no mention of recent kitchen, bathroom, or major mechanical system renovations.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced at $150,000, this property represents a rare entry-level opportunity in the Nashville market, making it highly attractive for first-time buyers or budget-conscious investors.
- Strategic Location
Situated directly across from Southern Hills Hospital, the unit offers significant convenience for medical professionals and high potential for consistent rental demand.
- Modern Interior Updates
The interior features newer luxury vinyl plank flooring and updated lighting, providing a well-maintained, move-in-ready aesthetic that reduces the need for immediate renovations.
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 = 740.
- Limited Square Footage
With only 644 square feet of living space, the compact layout may feel restrictive and limits the property's appeal to a smaller demographic of buyers.
- Aging Infrastructure
Built in 1970, the condominium may require more frequent maintenance or future capital improvements to its core systems compared to newer residential developments.
About 370 Wallace Rd B3
Comfort and convenience, well-maintained, features newer luxury vinyl plank flooring and updated lighting. Located across from Southern Hills Hospital. HOA includes water and trash service, plus access to the community swimming pool and tennis court. Info deemed to be reliable buyer buyer's agent to verify.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250 / Month
Neighborhood Insights
Nashville Unified Schools
Haywood Elementary School
Grades PK-4 • 1.0 mi
4/10
Mcmurray Middle School
Grades 5-8 • 1.5 mi
4/10
John Overton Comp High School
Grades 9-12 • 2.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 644 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $150.0K | $347.6K |
| Price per sq ft | $233 | $343 |
| Built year | 1970 | 2007 |
| HOA | $250 | $334 |
| Days on market | 33 | 92 |
Pricing History
Listed for Sale
Sep 21, 2026
$150,000
Initial Listing