505 Wesley Ave, Nashville, TN 37207, Nashville, 37207 - 4 bed, 2 bath
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Nashville, TN 37207
This Versatile East Nashville Residence represents a stable acquisition with a List Price of $464,500, aligning precisely with its $464,500 Fair Market Value. While the property holds a Condition Rating of 4, it features essential Major System Upgrades including a 2-year-old roof, new plumbing, and a new water heater. The 4-bedroom layout offers a primary suite with a private living area, providing significant "house-hack" potential. Boasting a large 16,117 sqft lot with an above-ground pool near Tom Joy Elementary, this property is perfectly suited for Owner-Occupants seeking sweat equity or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 Wesley Ave Subject | $464,500* List Price | 4 | 2 | 1,746 | $266 | - |
A 1431 Pennock Ave Sold | $450,000 | 4 | 1 | 1,778 | $253 | 0.7 mi |
B 914 Blue Ridge Dr Sold | $530,000 | 3 | 2 | 1,612 | $329 | 0.7 mi |
C 2608 Woodyhill Dr Sold | $356,100 | 3 | 1 | 1,273 | $280 | 0.3 mi |
D 2721 Jones Ave Active | $415,000 List Price | 3 | 2 | 1,227 | $338 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1950, falls into the 'fair' category because while it features significant recent mechanical upgrades—including a 2-year-old roof, new plumbing, and a new water heater—the interior remains cosmetically dated. Visual evidence shows worn carpeting, popcorn ceilings, and older light fixtures. The listing description acknowledges the need for cosmetic updates, and the presence of a portable AC unit suggests potential limitations in the cooling system's reach. While the bathrooms are noted as updated, the overall aesthetic and interior finishes require 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 = 16117, living area = 1746.
The home features significant recent capital improvements, including a two-year-old roof, brand new plumbing, and a new water heater, reducing immediate maintenance concerns for the buyer.
The floor plan includes a primary suite with a private living area ideal for in-laws, while the large fenced lot offers an above-ground pool, covered porch, and dual storage sheds.
The interior requires cosmetic refreshing to modernize the 1950s aesthetic, which may necessitate additional post-closing budget for paint, flooring, and finishes.
While the elementary school is well-rated, the assigned middle and high schools currently hold low performance ratings, which may impact long-term resale value for families.
Bring your best offer—sellers are ready to work with you. 4-Bed, 2-Bath Home with Key Updates, Pool, and Prime East Nashville Location! Welcome to this spacious 4-bedroom, 2-bath home in Joywood Heights, just minutes from the best of East Nashville! including Five Points, Shelby Park, and a quick drive to Downtown and Broadway. Enjoy a mix of modern upgrades and classic charm with a 2-year-old roof, brand new plumbing, updated bathrooms, a new water heater, and a kitchen with a built-in oven. The primary suite includes a private living area, perfect for added privacy or in-laws. Step outside to your own oasis: a fully fenced backyard, above-ground pool, covered porch, and two sheds for extra storage. While the home could use some cosmetic updates, the major systems are done—making it move-in ready with room to make it your own. Seller concessions offered—don’t miss this great opportunity in one of Nashville’s most up-and-coming neighborhoods! The house is zoned for Shwab or Tom Joy Elementary.
No exterior & parking available.
Grades PK-4 • 0.1 mi
Grades 5-8 • 0.9 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 76% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,746 | 1,496 | 65% |
| Lot Size | 16,117 | 8,712 | 81% |
| Price | $464.5K | $377.4K | 76% |
| Price per sq ft | $266 | $240 | 60% |
| Built year | 1950 | 1970 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 324 | 358 | 50% |
Jun 2, 2025
$464,500
Initial Listing