4000 Anderson Rd 7, Nashville, TN 37217, Nashville, 37217 - 3 bed, 3 bath
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Nashville, TN 37217
This Affordable Nashville Townhouse is a High-Potential Investment Opportunity, listed at $196,900—positioned well below the $225,205 Fair Market Value by 12%. This valuation gap provides $28,305 in Instant Equity. The property features a spacious 3-bedroom, 3-bathroom layout in Move-In Ready Condition, though it retains some dated 1975 aesthetics. Residents enjoy a private patio, balcony, and immediate proximity to Priest Lake amenities and trails. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to build wealth through a value-add purchase.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4000 Anderson Rd 7 Subject | $189,900* List Price | 3 | 3 | 1,480 | $110 | - |
A 3512 Seneca Forest Dr Sold | $195,000 | 3 | 2 | 1,220 | $160 | 0.9 mi |
B 3512 Seneca Forest Dr Sold | $195,000 | 3 | 2 | 1,220 | $160 | 0.9 mi |
C 3512 Seneca Forest Dr Sold | $195,000 | 3 | 2 | 1,220 | $160 | 0.9 mi |
D 4000 Anderson Rd 44 Active | $199,990 List Price | 3 | 3 | 1,480 | $135 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, this property is nearly 50 years old and shows a mix of partial updates and dated features. While the living areas feature updated wood-look laminate flooring and the bathroom has been refreshed with tile flooring and a solid-surface countertop, the overall aesthetic remains dated with popcorn ceilings and older cabinetry styles. The property appears well-maintained and move-in ready, but it lacks the comprehensive, high-end renovation required for a 'Good' or 'Excellent' rating.
Priced under $200,000 for a 3-bedroom, 3-bathroom layout, this property offers rare value in the Nashville market, making it an ideal entry-level home or investment opportunity.
Situated within walking distance of Priest Lake and scenic walking trails, the community provides excellent lifestyle amenities including a swimming pool and tennis courts.
The monthly association fee includes water, sewer, trash, and exterior maintenance, offering a low-maintenance lifestyle and simplified monthly budgeting for the homeowner.
Built in 1975, the property may require interior modernization or system updates to meet contemporary aesthetic and energy efficiency standards.
The assigned middle and high schools carry low performance ratings, which may be a concern for families and could impact the property's long-term appreciation potential.
This charming townhouse offers comfort and convenience. This home boasts a large very spacious Master suite with a walkout balcony. Lower patio with spacious living room offers a great entertaining area. Priest Lake Park offers lots of perks including tennis court, swimming pool within walking distance of Priest Lake and walking trails. HOA includes water, sewer, trash, and exterior maintenance. This home offers comfort, convenience and most important affordability. Seller is motivated as they have already purchased another home.
No exterior & parking available.
Grades PK-4 • 2.2 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 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,480 | 1,388 | 54% |
| Lot Size | 436 | 871 | 49% |
| Price | $189.9K | $207.3K | 38% |
| Price per sq ft | $128 | $160 | 35% |
| Built year | 1975 | 2000 | 3% |
| HOA | $319 | $153 | 97% |
| Days on market | 36 | 1070 | 3% |
Apr 22, 2026
$189,900
$196,900
-4% Price Drop
Initial Listing
Mar 17, 2026
$196,900
Initial Listing