3840 Lake Aire Dr, Nashville, TN 37217, Nashville, 37217 - 4 bed, 3 bath
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3840 Lake Aire Dr
Nashville, TN 37217
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,635Sq Ft
11,761Lot Size
Property Price
LIST PRICE$439,995
EST. MARKET VALUE
$451,122
SUMMARY
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $439,995—positioned well below the $451,123 Fair Market Value by 2%. This valuation gap offers $11,128 in Instant Equity. Featuring a down-to-the-studs primary bath remodel, updated kitchen, and new flooring, the home maintains a Condition Rating of 2. With a rare 2.75% assumable FHA loan, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate value and long-term financial stability near Percy Priest Lake.
Estimated Market Value
$451,122
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 |
|---|---|---|---|---|---|---|
★ 3840 Lake Aire Dr Subject | $439,995* List Price | 4 | 3 | 2,635 | $171 | - |
A 3836 Lake Aire Dr Sold | $440,000 | 3 | 2 | 2,505 | $176 | 0.0 mi |
B 3744 Anderson Rd Sold | $378,500 | 3 | 3 | 1,999 | $189 | 0.2 mi |
C 272 Clearlake Dr W Active | $445,000 List Price | 5 | 3 | 2,249 | $198 | 0.5 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.
Despite being built in 1970, the home has undergone extensive recent renovations within the last 1-2 years, including a down-to-the-studs primary bath remodel (2026), a modern kitchen update with stone counters and high-end appliances, new flooring (2024), and a new water heater (2025), meeting the criteria for a recent high-quality renovation.
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 = 11761, living area = 2635.
- Exceptional Financing Opportunity
The property features a rare 2.75% assumable FHA loan, providing a significant financial advantage and monthly savings in the current high-interest rate market.
- Extensive Modern Renovations
The home boasts high-end updates including a down-to-the-studs primary bath remodel, a modernized kitchen with stone counters, and new flooring throughout, ensuring move-in-ready comfort.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2635, other record living area = 2583.
- Underperforming School District
The assigned middle and high schools are currently rated low (2/10), which may impact the property's appeal to families prioritizing public school performance.
- Aging Infrastructure
Built in 1970, the property may require more frequent maintenance or future updates to older systems not covered by the recent cosmetic and kitchen/bath renovations.
About 3840 Lake Aire Dr
ASSUMABLE 2.75% FHA LOAN! Impressively updated and adorable 4 bed/2.5 bath, 2,635 sf home in the desirable Priest Lake Park community, just 3 minutes from Percy Priest Lake! This charming property is full of character and offers numerous recent updates throughout. The home features an updated eat-in kitchen w/ stainless appliances, natural gas cooktop, Miele dishwasher, stone counters, stainless vent hood, a pantry & plenty of cabinet storage. The primary bedroom features double closets and an immaculate down-to-the-studs remodel of the private en suite bathroom (2026). There is a wonderful formal dining room, living room, den with a fireplace AND a versatile bonus room on the main level that could easily serve as a home office, recording studio, or guest/mother-in-law suite. The home boasts beautiful hardwoods throughout, new hardwood stairs (2024) and new LVP flooring upstairs (2024), a new water heater in 2025, and fresh paint throughout. Enjoy your morning coffee on the covered front porch and outdoor living in the fantastic fenced-in backyard, offering plenty of space for entertaining, relaxing, and your pets. With Percy Priest Lake a stone’s throw away and convenient access to BNA Airport (12 minutes away), Downtown Nashville, and plenty of neighborhood amenities, this home offers an incredible combination of space, updates, charm, and convenience. Do not miss this wonderful opportunity to enjoy this wonderfully updated home next to the lake in one of Nashville’s established neighborhoods, all for under $440,000!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1970
- Lot Size
- 11,761 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
Lakeview Elementary Design Center
Grades PK-4 • 2.0 mi
6/10
Apollo Middle School
Grades 5-8 • 4.0 mi
2/10
Antioch High School
Grades 9-12 • 3.6 mi
2/10
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 | 2,635 | 2,093.129 |
| Lot Size | 11,761 | 10,890 |
| Price | $440.0K | $568.3K |
| Price per sq ft | $167 | $307 |
| Built year | 1970 | 1971 |
| HOA | $0 | $137 |
| Days on market | 7 | 69 |
Pricing History
Listed for Sale
Sep 2, 2026
$439,995
Initial Listing