500 McDonald Dr, Nashville, TN 37217, Nashville, 37217 - 3 bed, 2 bath
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Nashville, TN 37217
This Value-Add Residential Asset is listed at $399,900, representing a stable acquisition near its $376,203 Fair Market Value. Currently holding a Condition Rating of 4, this one-owner home features a new 2025 roof and a full unfinished basement ready for conversion into additional living space. The property sits on a generous 19,602 sqft lot served by Glengarry Elementary, Wright Middle, and Glencliff High. While the interior requires modernization, the structural integrity and expansion potential provide a clear path to forced appreciation. This is a prime opportunity for Fix-and-Flip Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 McDonald Dr Subject | $399,900* List Price | 3 | 2 | 1,395 | $270 | - |
A 3482 McGavock Pike Active | $325,000 List Price | 2 | 2 | 1,470 | $221 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home features a brand-new roof (2025) and is described as lovingly maintained, it is a 1961 original with a dated kitchen and older interior finishes. It meets the 'Fair' criteria as it is functional and move-in ready but exceeds 20 years in age and requires significant cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19602, living area = 1395.
The roof was replaced in 2025, providing immediate peace of mind and reducing near-term maintenance costs for the new owner.
With a full unfinished basement and a generous half-acre lot, the property offers significant opportunities for square footage expansion, storage, or a custom workshop.
The 1.5-bath configuration may require a renovation or layout reconfiguration to meet the expectations of modern buyers who prefer at least two full bathrooms.
The assigned middle and high schools have lower performance ratings, which could potentially impact long-term appreciation and appeal to families.
First time on the market since 1961, this lovingly maintained one-owner home offers timeless charm and endless possibilities. Features one-level living with 3 bedrooms, 1.5 baths plus a full unfinished basement ready for expansion, storage or workshop. It sits on a 1/2-acre lot with plenty of room to enjoy outdoor living. The roof was replaced in 2025. Great opportunity to make it your own.
No exterior & parking available.
Grades PK-4 • 0.3 mi
Grades 5-8 • 1.9 mi
Grades 9-12 • 1.5 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 | 1,395 | 1,878 | 26% |
| Lot Size | 19,602 | 12,414.5 | 81% |
| Price | $399.9K | $340.0K | 69% |
| Price per sq ft | $287 | $200 | 89% |
| Built year | 1961 | 1970 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 329 | 1% |
Apr 23, 2026
$399,900
Initial Listing