
Nashville, TN 37217
This Spacious Renovated Residence is a High-Potential Investment Opportunity, listed at $469,000—positioned well above the $457,660 Fair Market Value by -2%. Featuring a Private Basement Suite with a separate entrance, this property offers significant income-producing versatility. While the home maintains a Condition Rating of 3, the extensive interior updates and expansive 0.43-acre lot provide immediate utility. Despite lower-rated local schools, the proximity to BNA and downtown Nashville ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 504 McDonald Dr Subject | $469,000* List Price | 4 | 3 | 2,073 | $221 | - |
A 722 Robert Burns Dr Active | $445,000 List Price | 4 | 3 | 2,581 | $172 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1960, the property has undergone a recent comprehensive renovation including brand-new appliances, refinished hardwoods, and new plumbing/lighting fixtures. While move-in ready and well-maintained, the retention of some dated elements like the 4x4 tile countertops and wall tile in the bathroom prevents an 'Excellent' rating.
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 = 2073.
The private basement suite with its own separate entrance, bedroom, and full bath offers excellent potential for a rental unit, in-law suite, or a private home office.
The property is completely renovated and move-in ready, featuring refinished hardwoods, new flooring, updated plumbing and lighting, and brand-new appliances.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2073, other record living area = 1966. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned middle and high schools have low performance ratings (3/10 and 2/10), which may be a drawback for families prioritizing education and could impact future resale value.
Located just minutes from Nashville International Airport (BNA), the property is likely subject to consistent aircraft noise, which may affect the tranquility of the outdoor living space.
Completely Renovated & Move-In Ready with Private Basement Living Quarters! Welcome to 504 McDonald Drive, Nashville, TN, a beautifully updated 4-bedroom, 2 full bath, 1 half bath home offering 2,073 square feet of thoughtfully designed living space on a generous 0.43-acre lot. With extensive updates throughout and a versatile floor plan, this home is ready for its next owner. The main level features bright, inviting living spaces with new flooring, beautifully refinished hardwood floors, new lighting, new plumbing fixtures, and brand-new appliances. Every detail has been carefully refreshed, creating a home that is both stylish and move-in ready. A standout feature is the private basement suite, complete with its own separate entrance, one bedroom, and one full bathroom. This flexible space is ideal for an in-law suite, private guest accommodations, a home office, or potential income-producing apartment. Situated on nearly half an acre (0.43 acres), the property offers plenty of outdoor space for entertaining, gardening, pets, or simply enjoying the privacy of a larger lot. The oversized two-car garage provides abundant parking and storage. Conveniently located just minutes from downtown Nashville, Nashville International Airport (BNA), shopping, dining, parks, and major interstates, this home combines modern updates with an unbeatable location. To help make homeownership even more affordable, the seller is offering a credit equal to 1% of the purchase price that can be used toward an interest rate buy-down or the buyer's allowable closing costs with an acceptable offer. Don't miss this rare opportunity to own a beautifully renovated home with flexible living space, a large lot, and exceptional value. Schedule your private showing today!
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 |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,073 | - |
| Lot Size | 19,602 | - |
| Price | $469.0K | $556.8K |
| Price per sq ft | $226 | $306 |
| Built year | 1960 | 0 |
| HOA | $0 | $0 |
| Days on market | 11 | 484 |
Jul 11, 2026
$469,000
Initial Listing
Jul 29, 1994
$94,000
Public Record