
Nashville, TN 37209
This Charlotte Park Development Opportunity is listed at $450,000, representing a stable entry point into a high-demand Nashville submarket near its $435,092 Fair Market Value. Boasting a Condition Rating of 4, the all-brick residence features "good bones" and original hardwoods, though the dated interior requires modernization to maximize ROI. The primary value lies in the nearly 10,000 sq ft flat lot, offering rare potential to rezone from R10 to R8 for multi-unit development. Located walking distance to Charlotte Park Elementary, this Asset is a prime acquisition for Fix-and-Flip Investors or Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 492 Sunliner Dr Subject | $450,000* List Price | 3 | 2 | 1,388 | $313 | - |
A 518 American Rd Sold | $430,000 | 3 | 2 | 1,475 | $292 | 0.3 mi |
B 518 Scholarship Dr Sold | $450,000 | 3 | 1 | 1,385 | $325 | 0.2 mi |
C 518 Scholarship Dr Sold | $450,000 | 3 | 1 | 1,385 | $325 | 0.2 mi |
D 6505 Firestone Ct Sold | $499,998 | 3 | 2 | 1,608 | $311 | 0.7 mi |
E 6543 Upton Ln Sold | $375,000 | 3 | 3 | 1,630 | $230 | 0.9 mi |
F 545 Annex Ave Active | $385,000 List Price | 3 | 1 | 1,464 | $263 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained with 'good bones' and functional systems, including newer windows and a tankless water heater. However, the interior is significantly dated, featuring 1950s-style knotty pine kitchen cabinetry, older appliances, and wallpaper throughout, which requires cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1388.
Situated in the desirable Charlotte Park area, the property is within walking distance to the local elementary school and Aldi, and just minutes from the Marina and Blue Moon Restaurant.
This well-maintained all-brick home features 'good bones,' original hardwood floors, newer windows, and a tankless water heater, reflecting over 35 years of pride of ownership.
To maximize the lot's value for two homes, a buyer must successfully navigate a zoning change from R10 to R8, which is not a guaranteed process.
Built in 1959, the home includes a garage-to-den conversion and older finishes that may require cosmetic updates, such as carpet replacement and modernizing the half-bath to meet current market standards.
All brick one story home, with large eat-in kitchen, separate living room with hardwood floors, separate den converted from one car garage with laundry room and small half bath, three large bedrooms with hardwood floors, one full tiled bathroom with walk-in shower, extra closet space, one car carport, covered back patio, 24x8 brick shed, large flat backyard. Good bones, well maintained, original hardwood floors, newer windows, newer interior doors and handles, tankless water heater. Seller has lived in the house over 35 years. All the neighbors know each other and look after one another. Three streets from the Marina and Blue Moon Restaurant, one street over from the elementary school, easy walk to Aldi's. This is a great house and the only need to move in is changing the den carpet. For builders, the lot is just shy of 10,000 sq ft so if you as the buyer want to buy this as a tear down you must change zoning from R10 to R8 with the possibly of two houses on the lot.
No exterior & parking available.
Grades PK-4 • 0.2 mi
Grades PK-4 • 3.3 mi
Grades 5-8 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,388 | 1,640 | 34% |
| Lot Size | 9,148 | 7,405 | 71% |
| Price | $450.0K | $525.0K | 41% |
| Price per sq ft | $324 | $342 | 45% |
| Built year | 1959 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 87 | 688 | 1% |
Jan 25, 2026
$450,000
Initial Listing
Mar 18, 1994
$86,000
Public Record