388 Melpar Dr, Nashville, TN 37211, Nashville, 37211 - 4 bed, 2 bath
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388 Melpar Dr
Nashville, TN 37211
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,450Sq Ft
14,810Lot Size
Property Price
LIST PRICE$379,900
EST. MARKET VALUE
$368,679
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $379,900—positioned well below the $368,679 Fair Market Value by -3%. While the home has a Condition Rating of 4, it features significant recent capital improvements, including a 4-year-old roof, 3-year-old HVAC, and a renovated bathroom. The large 0.34-acre lot with a scenic field view offers substantial upside for cosmetic modernization. This is a solid, one-owner asset ideal for Fix-and-Flip Investors or Owner-Occupants looking to build equity through renovation.
Estimated Market Value
$368,679
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 |
|---|---|---|---|---|---|---|
★ 388 Melpar Dr Subject 4 bd · 2 ba · 1,450 sqft · $254 | $379,900* List Price | 4 | 2 | 1,450 | $254 | - |
A 508 Purnell Dr Sold 3 bd · 2 ba · 1,461 sqft · $326 · 0.4 mi | $477,000 | 3 | 2 | 1,461 | $326 | 0.4 mi |
B 301 Raywood Ct Sold 2 bd · 1 ba · 1,250 sqft · $244 · 0.6 mi | $305,000 | 2 | 1 | 1,250 | $244 | 0.6 mi |
C 104 Maple Valley Ct Sold 3 bd · 2 ba · 1,125 sqft · $293 · 0.7 mi | $330,000 | 3 | 2 | 1,125 | $293 | 0.7 mi |
D 3908 Creekside Dr Sold 2 bd · 1 ba · 975 sqft · $308 · 0.8 mi | $300,000 | 2 | 1 | 975 | $308 | 0.8 mi |
E 5006 Yorktown Rd Active 2 bd · 1 ba · 1,527 sqft · $203 · 0.4 mi | $310,000 List Price | 2 | 1 | 1,527 | $203 | 0.4 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 1957, the home features a very dated kitchen and interior styling that requires cosmetic updates. However, it is well-maintained with key system upgrades including a 3-year-old HVAC, a 4-year-old roof, and one bathroom renovated within the last year.
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 = 14810, living area = 1450.
- Recent Major Upgrades
The home features significant high-ticket updates, including a roof that is only 4 years old, a 3-year-old HVAC system, and a newly installed full bathroom, reducing immediate capital expenditures for the buyer.
- High Renovation Potential
With original hardwoods preserved under the carpeting and a solid one-owner history, this property offers excellent 'bones' and a clear path for a cosmetic remodel to build instant equity.
CONSRISKS & DEFICIENCIES
- Cosmetic Obsolescence
The interior requires comprehensive cosmetic modernization to move away from its original 1950s aesthetic and meet current market standards for finishes and design.
- As-Is Estate Sale
Being sold as-is by an estate, the seller is unlikely to perform repairs or offer credits for defects found during inspections, placing the burden of renovation entirely on the buyer.
About 388 Melpar Dr
Think "Grandma's House" that's maintained really well! Roof just 4 years old. New Full Bath installed 1 year ago. HVAC only 3 years old. Consistently serviced by UrbanX with new service this week. Gorgeous setting overlooking open field to the back. Super convenient location and close to downtown. All one level with Hardwoods throughout below carpets! Ready for your vision! Super solid home ready for cosmetic updates. Home features a good sized unfinished Cellar/Basement for great storage! Home has had the one owner since being built. Sold in behalf of the Estate. Sold as-is. But all inspections are welcome.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 14,810 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Tusculum Elementary School
Grades K-4 • 0.2 mi
5/10
Cole Elementary School
Grades PK-4 • 1.0 mi
4/10
Mcmurray Middle School
Grades 5-8 • 0.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,450 | 2,045.139 |
| Lot Size | 14,810 | 10,890 |
| Price | $379.9K | $556.0K |
| Price per sq ft | $262 | $305 |
| Built year | 1957 | 1971 |
| HOA | $0 | $133 |
| Days on market | 45 | 70 |
Pricing History
Listed for Sale
Sep 9, 2026
$379,900
Initial Listing