461 Annex Ave, Nashville, TN 37209, Nashville, 37209 - 3 bed, 1 bath
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Nashville, TN 37209
This Value-Add Residential Asset represents a strategic entry point into the high-demand Charlotte Park market with a List Price of $387,000. While positioned above the $299,480 Fair Market Value, the property’s investment appeal is anchored by its massive 11,761 sqft lot and full unfinished basement expansion potential. Carrying a Condition Rating of 5, the "As-Is" status necessitates a comprehensive renovation to modernize the 1961 systems. Located just 0.15 miles from Charlotte Park Elementary, this project is a high-utility acquisition for Fix-and-Flip Investors or Contractors targeting Nashville’s 37209 growth corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 461 Annex Ave Subject | $387,000* List Price | 3 | 1 | 1,150 | $260 | - |
A 518 Scholarship Dr Sold | $450,000 | 3 | 1 | 1,385 | $325 | 0.3 mi |
B 518 Scholarship Dr Sold | $450,000 | 3 | 1 | 1,385 | $325 | 0.3 mi |
C 6505 Firestone Ct Sold | $499,998 | 3 | 2 | 1,608 | $311 | 0.7 mi |
D 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.
Property is extensive renovation needed.
Built in 1961 (>60 years old) with no evidence of major renovations. The interior features original wood paneling, dated linoleum flooring, and an aging kitchen. The listing's 'As-Is' status and the seller's inability to make repairs suggest significant deferred maintenance and the need for a full rehab of systems, kitchen, and bath.
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.
Priced under $400,000 in the sought-after Charlotte Park neighborhood, this property represents an excellent entry-level opportunity for first-time homebuyers in the Nashville market.
The home features a full unfinished basement, a carport, and two storage sheds, providing ample space for storage or potential future square footage expansion.
The property is being sold strictly as-is with the seller unable to make repairs, requiring the buyer to budget for immediate maintenance or modernization.
With three bedrooms but only one bathroom, the layout may be restrictive for families and could impact future resale value compared to homes with multiple baths.
Great Starter Home Under $400,000 in Charlotte Park * Full Unfinished Basement Provides Lots of Storage * Carport * 2 Storage Sheds * Hardwoods * Home is sold As-Is/Where-Is. Seller is unable to make repairs.
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades PK-4 • 3.1 mi
Grades 5-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,150 | 1,640 | 21% |
| Lot Size | 11,761 | 7,405 | 81% |
| Price | $387.0K | $525.0K | 32% |
| Price per sq ft | $337 | $342 | 48% |
| Built year | 1961 | 1960 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 102 | 688 | 4% |
Jan 10, 2026
$387,000
Initial Listing
May 1, 1995
$83,500
Public Record