509 Drake Ave, Nashville, TN 37211, Nashville, 37211 - 2 bed, 2 bath
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509 Drake Ave
Nashville, TN 37211
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
900Sq Ft
9,583Lot Size
Property Price
LIST PRICE$358,000
EST. MARKET VALUE
$334,060
7% AboveMARKET VALUE
SUMMARY
This Renovated Single-Family Residence is a Strong Value Opportunity, listed at $358,000—positioned well above the $334,061 Fair Market Value by 7%. While priced slightly above market, the home features a Mint Condition Rating with modern kitchen finishes and a spacious deck on a large 9,583 sqft lot. The property offers significant outdoor utility and move-in-ready interiors, making it a stable choice for those prioritizing quality over immediate equity. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a polished, low-maintenance lifestyle.
Estimated Market Value
$334,060
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 |
|---|---|---|---|---|---|---|
★ 509 Drake Ave Subject 2 bd · 2 ba · 900 sqft · $371 | $358,000* List Price | 2 | 2 | 900 | $371 | - |
A 202 Raymond St Active 2 bd · 2 ba · 920 sqft · $418 · 0.5 mi | $385,000 List Price | 2 | 2 | 920 | $418 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite being built in 1934, the property has undergone a comprehensive recent renovation (likely <5 years) featuring a modern kitchen with butcher block countertops, updated bathrooms with subway tile, and fresh interior/exterior paint. The home is in mint, move-in-ready condition with stylish, contemporary finishes.
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 = 9583, living area = 900.
- Recent Interior Updates
The home features fresh interior paint and a stylish kitchen backsplash, offering a move-in-ready aesthetic for modern buyers.
- Expansive Outdoor Space
A large, fully fenced backyard paired with a spacious deck provides excellent functionality for outdoor entertaining and privacy on a nearly quarter-acre lot.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 900, other record living area = 864.
- Compact Living Area
At just 900 square feet, the interior footprint is quite small, which may limit appeal for families or those requiring dedicated home office space.
- Extended Market Time
With 119 days on the market, the property may be perceived as stale by buyers, potentially impacting its negotiation leverage and perceived value.
About 509 Drake Ave
Check out 509 Drake Ave, recently updated with fresh interior paint throughout the living spaces. The kitchen features an accent backsplash, and the primary bedroom includes double closets for organized storage. A spacious deck extends to a fully fenced backyard, providing outdoor functionality. This updated residence brings together style and outdoor enjoyment — don't miss it.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1934
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Glencliff Elementary School
Grades K-4 • 1.3 mi
6/10
Wright Middle School
Grades 5-8 • 0.7 mi
3/10
Glencliff Comp High School
Grades 9-12 • 1.1 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 900 | 2,045.139 |
| Lot Size | 9,583 | 10,890 |
| Price | $358.0K | $556.0K |
| Price per sq ft | $398 | $305 |
| Built year | 1934 | 1971 |
| HOA | $0 | $133 |
| Days on market | 123 | 70 |
Pricing History
Listed for Sale
Jun 23, 2026
$358,000
Initial Listing
Sold
Jul 14, 1997
$40,000
Public Record
Sold
Dec 16, 1996
$37,000
Public Record