4000 Anderson Road Unit 68, Nashville, TN 37217, Nashville, 37217 - 3 bed, 3 bath
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4000 Anderson Road Unit 68
Nashville, TN 37217
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,480Sq Ft
0Lot Size
Property Price
LIST PRICE$189,000
EST. MARKET VALUE
$211,636
10% BelowMARKET VALUE
SUMMARY
This townhome presents a Strong Value Opportunity with a List Price of $199,999—positioned well below the $215,251 Fair Market Value by 7%. This valuation gap offers $15,252 in Instant Equity. Featuring a Condition Rating of 3, the property includes recent interior renovations like granite countertops and new flooring, though the exterior deck requires maintenance. Located near Percy Priest Lake, this turnkey rental asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, recreation-focused lifestyle.
Estimated Market Value
$211,636+$22,636 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 4000 Anderson Road Unit 68 Subject 3 bd · 3 ba · 1,480 sqft · $143 | $189,000* List Price | 3 | 3 | 1,480 | $143 | - |
A 4001 Anderson Rd C117 Sold 3 bd · 2 ba · 1,472 sqft · $162 · 0.3 mi | $238,000 | 3 | 2 | 1,472 | $162 | 0.3 mi |
B 4000 Anderson Rd 7 Sold 3 bd · 3 ba · 1,480 sqft · $122 · 0.1 mi | $180,000 | 3 | 3 | 1,480 | $122 | 0.1 mi |
C 4000 Anderson Rd 44 Active 3 bd · 3 ba · 1,480 sqft · $135 · 0.0 mi | $199,990 List Price | 3 | 3 | 1,480 | $135 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property has undergone a recent interior renovation featuring new flooring, carpet, granite countertops, windows, and fresh paint, making it fully move-in ready. While the interior is highly functional, the kitchen utilizes older painted cabinets with standard appliances, and the exterior wood deck shows weathering that requires maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Renovations
The property features significant interior upgrades including new windows, granite countertops, new flooring, and updated plumbing and lighting fixtures, reducing immediate capital expenditure.
- Prime Recreational Location
Nestled near the Priest Lake area, the home offers exceptional access to Anderson Road campground, boat launches, walking trails, and community amenities like a pool and tennis courts.
- Strong Investment Potential
Priced competitively under $200,000 for a 3-bedroom layout in Nashville, this 'Investor Special' is positioned as an ideal turnkey rental property with a desirable master suite balcony.
CONSRISKS & DEFICIENCIES
- As-Is Sale Condition
The property is being sold in 'as-is' condition, which may imply underlying maintenance needs or structural considerations typical of a 1975 build that the seller will not address.
- Low School Ratings
The assigned middle and high schools carry low ratings (2/10), which could limit the property's appeal to long-term family residents and impact future appreciation rates.
About 4000 Anderson Road Unit 68
Investor Special! Sold "as is". Perfect for a rental property for an investor. Already renovated, this townhome is nestled by the Priest Lake area. It is very close to Anderson Road campground and Percy Priest Lake and Recreation area with a boat launch ramp. It offers walking trails, tennis courts and swimming pool. This home includes new windows, granite countertops, new floor, new carpet upstairs, new lighting fixtures, paint and plumbing fixtures. The master suite includes its own walk out balcony, on-suite and walk in closet. This is a charming must see!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1975
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $319 / Month
Neighborhood Insights
Nashville Unified Schools
Lakeview Elementary Design Center
Grades PK-4 • 2.3 mi
6/10
Apollo Middle School
Grades 5-8 • 4.3 mi
2/10
Antioch High School
Grades 9-12 • 4.0 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,480 | 1,551.684 |
| Lot Size | - | 871 |
| Price | $189.0K | $365.8K |
| Price per sq ft | $128 | $238 |
| Built year | 1975 | 2003 |
| HOA | $319 | $260 |
| Days on market | 70 | 83 |
Pricing History
Listed for Sale
Oct 12, 2026
$189,000
$199,999
-5% Price Drop
Initial Listing
Price Change
Aug 15, 2026
$199,999
Initial Listing
Sold
Aug 31, 1995
$55,900
Public Record