4946 Packard Dr, Nashville, TN 37211, Nashville, 37211 - 3 bed, 2 bath
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4946 Packard Dr
Nashville, TN 37211
ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,612Sq Ft
15,682Lot Size
Property Price
LIST PRICE$497,000
EST. MARKET VALUE
$470,061
5% AboveMARKET VALUE
SUMMARY
This Spacious Single Family Residence is a High-Potential Investment Opportunity, listed at $557,000—positioned well below the $545,853 Fair Market Value by -2%. Featuring a Fair Condition Rating, the home offers significant value-add potential through cosmetic modernization of its original 1960s finishes. The expansive 0.36-acre lot and unique owner financing at 4% provide a rare financial advantage for buyers. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity in a functional, well-insulated home.
Estimated Market Value
$470,061
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 |
|---|---|---|---|---|---|---|
★ 4946 Packard Dr Subject 3 bd · 2 ba · 2,612 sqft · $180 | $497,000* List Price | 3 | 2 | 2,612 | $180 | - |
A 3755 Faulkner Dr Sold 4 bd · 2 ba · 2,200 sqft · $175 · 0.9 mi | $385,000 | 4 | 2 | 2,200 | $175 | 0.9 mi |
B 4911 Pearson Pl Active 4 bd · 2 ba · 1,800 sqft · $206 · 0.5 mi | $369,900 List Price | 4 | 2 | 1,800 | $206 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1965, the home is well-maintained but significantly dated. While it features a newer metal roof and some updated laminate flooring, the bathrooms retain original 1960s pink tile, and the hardwood floors, wall textures, and wood trim require modernization and minor cosmetic repairs.
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 = 15682, living area = 2612.
- Exceptional Owner Financing
The property offers a rare 4% interest rate with only 10% down for owner-occupants, providing a significant financial incentive and lower monthly payments compared to current market rates.
- Substantial Lot and Outdoor Space
Situated on a large, level 0.36-acre lot with a full fence, the property provides excellent space for pets, gardening, and outdoor entertaining, which is a premium in the Nashville market.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1965, the home likely requires cosmetic updates and potential system modernizations to meet the standards of contemporary buyers looking for move-in-ready finishes.
- Modest School Ratings
The property is zoned for schools with lower academic ratings, specifically at the high school level, which may be a deterrent for families prioritizing educational performance.
About 4946 Packard Dr
OWNER FINANCING at 4% with 10% down for owner occupants! Welcome to this well-built and insulated home offering incredible space, functionality, and value! This full basement home features two full bathrooms, ideal for growing households or guests. Enjoy the outdoors with a large, level, and fully fenced backyard—perfect for pets, play, or entertaining. Covered parking on both the main and basement levels offers added convenience and flexibility. A spacious enclosed storage area provides plenty of room for tools, hobbies, or seasonal items. Don’t miss your chance to own this solidly constructed home with great bones and room to grow!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 15,682 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Cole Elementary School
Grades PK-4 • 0.5 mi
4/10
Tusculum Elementary School
Grades K-4 • 0.7 mi
5/10
Mcmurray Middle School
Grades 5-8 • 1.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,612 | 2,045.139 |
| Lot Size | 15,682 | 10,890 |
| Price | $497.0K | $556.0K |
| Price per sq ft | $190 | $305 |
| Built year | 1965 | 1971 |
| HOA | $0 | $133 |
| Days on market | 10 | 70 |
Pricing History
Listed for Sale
Oct 20, 2026
$497,000
$557,000
-11% Price Drop
Initial Listing
Price Change
Oct 14, 2026
$557,000
Initial Listing
Sold
Jul 28, 1995
$76,264
Public Record