407 Deer Lake Dr, Nashville, TN 37221, Nashville, 37221 - 2 bed, 1 bath
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407 Deer Lake Dr
Nashville, TN 37221
ACTIVE
CONDITION: GOOD
2Beds
1Baths
916Sq Ft
871Lot Size
Property Price
LIST PRICE$218,000
EST. MARKET VALUE
$207,897
4% AboveMARKET VALUE
SUMMARY
This 55+ Condominium represents a Strong Value Opportunity, listed at $218,000—positioned slightly above the $207,897 Fair Market Value. While priced at market, the property offers a Condition Rating of 3, featuring significant recent mechanical upgrades including a 2023 HVAC and 2024 water heater. The unit provides a peaceful lifestyle with a private deck overlooking mature trees. Its prime location near One Bellevue Place and major amenities ensures long-term stability. This is an ideal acquisition for Downsizing Retirees or Owner-Occupants seeking a move-in ready, low-maintenance residence.
Estimated Market Value
$207,897
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 |
|---|---|---|---|---|---|---|
★ 407 Deer Lake Dr Subject 2 bd · 1 ba · 916 sqft · $227 | $218,000* List Price | 2 | 1 | 916 | $227 | - |
A 413 Deer Lake Dr Sold 2 bd · 1 ba · 1,058 sqft · $198 · 0.0 mi | $210,000 | 2 | 1 | 1,058 | $198 | 0.0 mi |
B 324 Deer Lake Dr Sold 2 bd · 1 ba · 916 sqft · $238 · 0.3 mi | $218,000 | 2 | 1 | 916 | $238 | 0.3 mi |
C 810 Bellevue 242 Sold 2 bd · 1 ba · 912 sqft · $208 · 0.9 mi | $190,000 | 2 | 1 | 912 | $208 | 0.9 mi |
D 810 Bellevue Rd 214 Sold 2 bd · 2 ba · 1,058 sqft · $211 · 0.9 mi | $223,000 | 2 | 2 | 1,058 | $211 | 0.9 mi |
E 214 Old Hickory Blvd 177 Sold 2 bd · 2 ba · 1,147 sqft · $209 · 0.6 mi | $240,000 | 2 | 2 | 1,147 | $209 | 0.6 mi |
F 314 Deer Lake Dr Active 2 bd · 1 ba · 916 sqft · $191 · 0.2 mi | $175,000 List Price | 2 | 1 | 916 | $191 | 0.2 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 is exceptionally well-maintained, functional, and move-in ready. It features major recent mechanical updates including a new HVAC (2023) and water heater (2024). Although the kitchen and bathroom styling is somewhat dated, everything is clean and in good working order.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value Proposition
As the only 55+ community in West Nashville at this price point, the property offers an affordable entry into a highly desirable area with low association fees.
- Recent Capital Improvements
Significant mechanical upgrades, including a new HVAC system (2023) and water heater (2024), provide immediate peace of mind and reduce near-term maintenance costs.
- Premium Unit Placement
Tucked toward the back of the development, this unit offers superior privacy and a quiet atmosphere with a deck overlooking mature trees and green space, away from highway noise.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 931.
- Limited Bathroom Configuration
The two-bedroom layout is served by only a single bathroom, which may be a drawback for buyers accustomed to a primary suite or those hosting overnight guests.
- Extended Market Time
With 80 days on market and specific mentions of financing options, the property may face challenges related to niche 55+ buyer demand or specific community lending requirements.
About 407 Deer Lake Dr
Please call about financing options! Affordable 55+ living in Bellevue! Deer Park is currently the only 55+ community in West Nashville at this price point. Best location currently available, this condo is tucked toward the back, with a deck overlooking mature trees and green space—away from Hwy 70 noise and with added privacy. Recent updates include HVAC (2023), water heater (2024), newer refrigerator, new laundry flooring, and a walk-in shower with seat and grab bar. Carpet and shower tile have been professionally cleaned. Enjoy sidewalks, a scenic pond and fountain, and a peaceful setting for walking the dog, exercising or enjoying the outdoors.And the location is hard to beat! Within about 7 minutes: One Bellevue Place, Vanderbilt walk-in clinic, Belle Forest Shopping Center, Kroger, Sprouts, Publix, Aldi, Starbucks, Club Car Wash, banks and more. Plus, just 2.5 miles to Harpeth River Greenway, 3 miles to Warner Parks, 5 miles to Cheekwood, 7 miles to Green Hills and 13.9 miles to Bridgestone Arena. See the PHOTOS AND MEDIA SECTION FOR LIST OF NEARBY AMENITIES. Proximity at this price point is hard to beat!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1982
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $225 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 916 | 1,009.514 |
| Lot Size | 871 | 871 |
| Price | $218.0K | $347.6K |
| Price per sq ft | $238 | $343 |
| Built year | 1982 | 2007 |
| HOA | $225 | $334 |
| Days on market | 108 | 92 |
Pricing History
Listed for Sale
Jul 9, 2026
$218,000
Initial Listing