389 Deer Lake Dr, Nashville, TN 37221, Nashville, 37221 - 2 bed, 1 bath
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Nashville, TN 37221
This property serves as a strategic value-add asset within a specialized 55+ community in Nashville. Listed at $179,000, the price reflects a stable entry point at its $179,000 Fair Market Value. Currently holding a Condition Rating of 5, the residence requires significant modernization and repairs to the private deck to address deferred maintenance and neglect. Situated in the high-demand Bellevue area, the location ensures strong long-term demand and accessibility. This acquisition is a prime choice for Fix-and-Flip Investors or Owner-Occupants looking to capitalize on forced appreciation through targeted renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 389 Deer Lake Dr Subject | $160,000* List Price | 2 | 1 | 916 | $175 | - |
A 810 Bellevue Rd 202 Active | $190,000 List Price | 2 | 1 | 912 | $208 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984 and sold 'As-Is' to settle an estate, the property exhibits significant deferred maintenance and neglect. Interior images show severely stained and soiled carpeting that likely requires immediate replacement, while exterior photos show a detached screen door lying on the deck. The listing description explicitly frames the property as a fixer-upper, indicating that substantial cosmetic and functional rehabilitation is needed to bring the unit up to modern standards.
This property presents a significant opportunity for buyers to build sweat equity by renovating and updating the unit, making it an ideal investment for those looking to add value.
Located in one of Nashville's rare age-restricted communities, this home offers a specialized living environment that is in high demand but low supply within the local market.
Situated just 20 minutes from downtown Nashville, the property provides easy access to a wide array of shopping, dining, and essential amenities in the popular Bellevue area.
The property is being sold in its current condition to settle an estate, meaning the buyer will need to budget for immediate repairs and modernization.
With only one bathroom serving two bedrooms, the layout may be less convenient for guests or co-habitants compared to more modern floor plans.
55 and up community amazing opportunity to gain equity by purchasing this to live in and fix it up as you go. Sold As Is to settle an estate. One of the very few communities like this in Nashville. This won't last long. Bellevue is just 20 minutes from downtown and easy access to loads of shopping and restaurants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.5 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 916 | 1,425.5 | 25% |
| Lot Size | 871 | 1,089 | 50% |
| Price | $160.0K | $299.1K | 13% |
| Price per sq ft | $175 | $219 | 13% |
| Built year | 1984 | 1987 | 38% |
| HOA | $160 | $242 | 6% |
| Days on market | 230 | 248 | 44% |
May 20, 2026
$160,000
$179,000
-11% Price Drop
Initial Listing
Oct 29, 2025
$179,000
Initial Listing
Oct 30, 1992
$50,000
Public Record