420 Elysian Fields Rd E5, Nashville, TN 37211, Nashville, 37211 - 2 bed, 2 bath
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420 Elysian Fields Rd E5
Nashville, TN 37211
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
939Sq Ft
871Lot Size
Property Price
LIST PRICE$175,000
EST. MARKET VALUE
$156,118
12% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $175,000, positioned above the $156,119 Fair Market Value. Despite the premium, the property features an Extensive 2022 Renovation and an Excellent Condition Rating, ensuring minimal immediate capital expenditure. With no rental restrictions and a centralized location near downtown, this unit is a turnkey asset for Buy-and-Hold Investors. The availability of a $5,250 grant also makes this a viable entry point for first-time buyers seeking a move-in ready condo with community pool access.
Estimated Market Value
$156,118
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 |
|---|---|---|---|---|---|---|
★ 420 Elysian Fields Rd E5 Subject | $175,000* List Price | 2 | 2 | 939 | $166 | - |
A 420 Elysian Fields Rd E7 Sold | $145,000 | 2 | 2 | 936 | $155 | 0.0 mi |
B 420 Elysian Fields Rd E4 Sold | $140,000 | 2 | 2 | 936 | $150 | 0.0 mi |
C 320 Welch Rd L5 Sold | $142,000 | 2 | 2 | 1,080 | $131 | 0.5 mi |
D 420 Elysian Fields Rd E8 Active | $155,000 List Price | 2 | 2 | 936 | $166 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Extensive 2022 renovation (less than 5 years old) covering all major areas including kitchen, bathrooms, HVAC, and hot water heater. The interior features modern finishes, new flooring, and updated lighting, meeting the criteria for mint condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive 2022 Renovation
The unit features extensive updates from 2022, including a new kitchen, bathrooms, HVAC, and flooring, ensuring a move-in-ready experience with reduced immediate maintenance costs.
- High Investment Potential
With no rental restrictions from the first day of ownership and a centralized location near downtown Nashville, this property serves as an ideal turnkey opportunity for investors.
- Financial Incentives
The availability of a $5,250 grant for qualified buyers combined with a competitive sub-$200k price point significantly lowers the barrier to entry for first-time homeowners.
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 = 1050.
- Aging Infrastructure
Originally constructed in 1969, the property may face challenges associated with older building standards and potential long-term maintenance of common elements.
- Below-Average School Ratings
The assigned middle and high schools carry lower performance ratings, which could impact long-term resale value for families prioritizing educational districts.
About 420 Elysian Fields Rd E5
***You may qualify for a $5,250 grant usable towards both Downpayment & Closing Costs with a local bank, if you make less than $92k/per year*** Extensive 2022 Renovation & Ready for move-in! This 2 bed 2 FULL bath condo's updates include the kitchen, baths, HVAC, Floors, Hot Water Heater, & Lighting. All appliances remain + in-unit Laundry washer/dryer. ***HOA allows rentals on 1st day of ownership-perfect investor opportunity*** Centralized location minutes South of Downtown & Interstate I-65, this gated community offers a pool & ample visitor parking outside gate.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1969
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $330 / Month
Neighborhood Insights
Nashville Unified Schools
Norman Binkley Elementary School
Grades PK-4 • 1.1 mi
6/10
Croft Design Center Middle Prep
Grades 5-8 • 0.2 mi
3/10
John Overton Comp High School
Grades 9-12 • 2.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 939 | 1,009.207 |
| Lot Size | 871 | 871 |
| Price | $175.0K | $339.9K |
| Price per sq ft | $186 | $344 |
| Built year | 1969 | 2007 |
| HOA | $330 | $329 |
| Days on market | 42 | 91 |
Pricing History
Listed for Sale
Jul 29, 2026
$175,000
Initial Listing