461 Annex Ave, Nashville, TN 37209, Nashville, 37209 - 3 bed, 1 bath
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461 Annex Ave
Nashville, TN 37209
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,150Sq Ft
11,761Lot Size
Property Price
LIST PRICE$382,000
EST. MARKET VALUE
$382,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $387,000—positioned well below the $383,056 Fair Market Value by a negligible margin, reflecting a market-aligned entry point. Featuring a Fair Condition Rating, the home requires a comprehensive rehab, yet offers significant upside through its 11,761 sq. ft. lot and full unfinished basement. Located just 0.15 miles from Charlotte Park Elementary, this asset provides a strategic foundation for value-add renovations. This is an ideal acquisition for Fix-and-Flip Investors or first-time buyers seeking to build equity through sweat equity.
Estimated Market Value
$382,000
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 |
|---|---|---|---|---|---|---|
★ 461 Annex Ave Subject | $382,000* List Price | 3 | 1 | 1,150 | $332 | - |
A 422 Croley Dr Sold | $376,500 | 3 | 1 | 1,081 | $348 | 0.9 mi |
B 478 Sunliner Dr Active | $389,900 List Price | 3 | 1 | 1,090 | $358 | 0.1 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 1961 (63 years old), the property retains original-style wood paneling, dated linoleum flooring, and an aging kitchen. While it has fresh paint, the 'As-Is' sale condition and lack of major system or structural updates in over 30 years indicate the home is in need of a comprehensive rehab.
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 = 11761, living area = 1150.
- Affordable Entry Point
Priced under $400,000 in the desirable Charlotte Park area, this home represents a rare opportunity for first-time buyers to enter the Nashville market at an accessible price point.
- Value-Add Potential
The property features a full unfinished basement and a generous 11,761 sq. ft. lot, offering significant storage and the potential for future expansion or equity growth.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The home is being sold strictly as-is with the seller refusing to make any repairs, which may necessitate immediate out-of-pocket expenses for the buyer.
- Extended Market Time
With 170 days on the market, the property has experienced significant stagnation, potentially indicating that the current list price does not align with its condition or buyer expectations.
About 461 Annex Ave
Great Starter Home Under $400,000 in Charlotte Park * Fresh Paint in Living Room, Bedrooms, Hallway, and Bath * Full Unfinished Basement Provides Lots of Storage * 2 Storage Sheds * Hardwoods * Home is sold As-Is/Where-Is. Seller is unable to make repairs.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Charlotte Park Elementary School
Grades PK-4 • 0.2 mi
4/10
Gower Elementary School
Grades PK-4 • 3.1 mi
6/10
H G Hill Middle School
Grades 5-8 • 2.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,150 | 2,093.129 |
| Lot Size | 11,761 | 10,890 |
| Price | $382.0K | $568.3K |
| Price per sq ft | $332 | $307 |
| Built year | 1961 | 1971 |
| HOA | $0 | $137 |
| Days on market | 242 | 69 |
Pricing History
Listed for Sale
Jul 7, 2026
$382,000
$387,000
-1% Price Drop
Initial Listing
Price Change
Jan 10, 2026
$387,000
Initial Listing
Sold
May 1, 1995
$83,500
Public Record