416 Patterson St, Nashville, TN 37211, Nashville, 37211 - 2 bed, 1 bath
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416 Patterson St
Nashville, TN 37211
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,060Sq Ft
10,890Lot Size
Property Price
LIST PRICE$300,000
EST. MARKET VALUE
$283,160
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $300,000—positioned well below the $283,160 Fair Market Value by -5%. While the property requires significant updates given its Condition Rating of 5, the expansive 10,890 sqft lot and central Nashville location provide a solid foundation for value-add renovations. This asset is ideal for Buy-and-Hold Investors or Contractors seeking to capitalize on the property's original character and prime accessibility to major city hubs.
Estimated Market Value
$283,160
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 |
|---|---|---|---|---|---|---|
★ 416 Patterson St Subject | $300,000* List Price | 2 | 1 | 1,060 | $267 | - |
A 241 Timmons St Sold | $325,000 | 3 | 1 | 1,092 | $298 | 0.4 mi |
B 2910 Wingate Ave Sold | $245,850 | 2 | 1 | 898 | $274 | 0.6 mi |
C 227 Raymond St Sold | $255,000 | 3 | 1 | 1,120 | $228 | 0.3 mi |
D 2910 Wingate Ave Sold | $245,850 | 1 | 1 | 898 | $274 | 0.6 mi |
E 3714 Tibbs Dr Sold | $359,900 List Price | 3 | 2 | 1,275 | 0.9 mi | |
F 3006 Wingate Ave Active | $349,000 List Price | 3 | 1 | 1,086 | $321 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1939 and sold 'as-is,' this property falls into the >30-year category with a clear need for rehab. While the hardwood floors are a plus, the listing's admission that it 'needs some love' and its history as a long-term rental suggest that major systems and interiors require significant updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1060.
- Prime Location
The property is centrally located with excellent accessibility to major Nashville hubs including Downtown, Green Hills, the airport, and the 440 exit, making it ideal for commuters.
- Expansive Outdoor Space
A large, fully fenced backyard on a quarter-acre lot is a rare find at this price point, offering significant value for pet owners and outdoor enthusiasts.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in 'as-is' condition and requires 'some love,' indicating potential deferred maintenance and the need for immediate renovation investment.
- Low School Ratings
The assigned middle and high schools have low performance ratings (3 and 2 respectively), which may be a concern for families and impact future resale appeal.
About 416 Patterson St
A great LOCATION, a great BIG FENCED BACK YARD and HARDWOOD FLOORS are hard to find at $300k these days, but this O.G. Nashville home has them! Check out the FLOORPLAN in the photos. Look at it on a MAP and see how close it is to EVERYWHERE you want to go - like the airport, zoo, salsa dancing, 100 Oaks, Green Hills, downtown, 440 exit and great food like Deg Thai! It will need some love. Owner loved living there from 2008 til 2015 then moved out of state. It has been a great rental property ever since but they live far away now and don't want to "landlord" anymore. Being sold " as - is".
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1939
- Lot Size
- 10,890 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Glencliff Elementary School
Grades K-4 • 1.1 mi
6/10
Wright Middle School
Grades 5-8 • 0.5 mi
3/10
Glencliff Comp High School
Grades 9-12 • 0.9 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,060 | 2,093.129 |
| Lot Size | 10,890 | 10,890 |
| Price | $300.0K | $568.3K |
| Price per sq ft | $283 | $307 |
| Built year | 1939 | 1971 |
| HOA | $0 | $137 |
| Days on market | 56 | 69 |
Pricing History
Listed for Sale
Jul 15, 2026
$300,000
Initial Listing
Sold
May 15, 1995
$53,900
Public Record