
Nashville, TN 37217
This Spacious 3-Bedroom Condominium represents a stable entry into the Nashville market with a List Price of $197,000, aligning with its $197,000 Fair Market Value. Featuring a generous 1,520 square foot layout and a Fair Condition Rating, the property offers significant value-add potential through cosmetic updates to its 1975 infrastructure. Its proximity to Priest Lake provides a strong lifestyle draw, while the competitive price point ensures market accessibility. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3880 Priest Lake Dr 25 Subject | $197,000* List Price | 3 | 3 | 1,520 | $130 | - |
A 4000 Anderson Rd 46 Sold | $180,000 List Price | 3 | 3 | 1,480 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, this property falls into the fair category due to its age and the likelihood of outdated interior systems and finishes. The exterior shows a typical 1970s design with original-style siding and brick. While described as 'cute' and functional for first-time buyers, the property analysis explicitly mentions aging infrastructure and the need for cosmetic updates to meet modern standards, indicating it has not undergone a recent comprehensive renovation.
Priced under $200,000 for a 3-bedroom, 3-bathroom layout, this property offers an highly affordable entry point into the Nashville real estate market, particularly for first-time buyers.
Situated in the Priest Lake Park community, the condo provides residents with convenient access to lake activities and outdoor recreation, significantly enhancing its lifestyle appeal.
With 1,520 square feet of living space, the unit offers a generous footprint that is larger than many modern condominiums, providing ample room for families or a home office.
Built in 1975, the property may require updates to its original systems and cosmetic finishes to meet modern standards and improve energy efficiency.
The assigned middle and high schools carry low performance ratings, which may be a deterrent for families with school-aged children and could impact long-term resale value.
Cute little condo in great area near the Lake Perfect for first time homebuyers
No exterior & parking available.
Grades PK-4 • 2.3 mi
Grades 5-8 • 4.2 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 1.5 | 63% |
| Baths | 3.0 | 1.0 | 63% |
| Square foot | 1,520 | 817 | 88% |
| Lot Size | 871 | 218 | 63% |
| Price | $197.0K | $220.0K | 38% |
| Price per sq ft | $130 | $197 | 38% |
| Built year | 1975 | 1978 | 50% |
| HOA | $288 | $188 | 88% |
| Days on market | 13 | 426 | 13% |
Apr 9, 2026
$197,000
Initial Listing