500 Merritt Ave 203, Nashville, TN 37203, Nashville, 37203 - 1 bed, 1 bath
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Nashville, TN 37203
This Strategic Turnkey Asset in Nashville’s vibrant Wedgewood-Houston neighborhood is listed at $499,000, positioned accurately alongside the $489,280 Fair Market Value. Built in 2024, the unit earns a Pristine Condition Rating featuring luxury finishes, a Latch smart-entry system, and premium communal amenities. The most significant value-add is the Transferable Rental Permit conveying with the sale, offering a rare turnkey income opportunity in a high-demand corridor. Zoned for the 9/10 Glendale Elementary, this property balances lifestyle luxury with investment utility. It is an ideal acquisition for Buy-and-Hold Investors or Urban Professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Merritt Ave 203 Subject | $499,000* List Price | 1 | 1 | 783 | $625 | - |
A 500 Merritt Ave 212 Active | $499,900 List Price | 1 | 1 | 837 | $597 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a brand-new 2024 construction featuring luxury finishes, modern smart home technology like the Latch electronic door system, and brand-new appliances. As a newly built condo, all components are in pristine condition with no physical depreciation or deferred maintenance, fully meeting the criteria for the highest quality rating.
Elementary School: Glendale Elementary School (9/10).
The property includes a rental permit that conveys with the sale, offering a rare and highly valuable turnkey opportunity for investors in the competitive Nashville market.
Situated in the heart of the vibrant Wedgewood-Houston (WeHo) neighborhood, the unit boasts exceptional walkability to popular local hotspots like Diskin Cider, Iggy's, and Mercado.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 783, other record living area = 719.
The assigned public schools for this address, particularly at the middle and high school levels, have low ratings which may impact long-term appreciation and appeal to family-oriented buyers.
With only one bedroom and 783 square feet of living area, the property offers limited space that may restrict the potential buyer pool to individuals or couples.
Located in vibrant Wedgewood-Houston, this brand new one-bedroom condo unit features fabulous luxury finishes and ample natural light. The building includes a beautiful entry lobby, fitness room, and multiple communal outdoor spaces. This entire space is thoughtfully curated. The latch electronic door system locks/unlocks the unit door with a phone app. W/D is included is included in the unit. Within walking distance to Diskin Cider, Iggy's, Mercado, and so much more Wedgewood-Houston has to offer. THIS UNIT HAS A RENTAL PERMIT THAT CONVEYS WITH THE SALE! A great option for an investor wanting to get their footprint in booming WeHo!
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 1.1 mi
Grades PK-4 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 37% |
| Baths | 1.0 | 2.0 | 36% |
| Square foot | 783 | 1,092 | 19% |
| Lot Size | 871 | 871 | 50% |
| Price | $499.0K | $466.3K | 55% |
| Price per sq ft | $637 | $429 | 73% |
| Built year | 2024 | 2014 | 99% |
| HOA | $200 | $489 | 13% |
| Days on market | 345 | 302 | 54% |
May 13, 2025
$499,000
Initial Listing