514 Basswood Ave, Nashville, TN 37209, Nashville, 37209 - 2 bed, 2 bath
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514 Basswood Ave
Nashville, TN 37209
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,208Sq Ft
31,799Lot Size
Property Price
LIST PRICE$529,000
SUMMARY
Great for DEVELOPMENT!! APPROVED FOR 2 HOMES. OR live in current home and build a 2nd one down the road.... ..73 acre lot.. 2 bedrooms 2 bath, liv.rm, dining area, office. 2 car garage with separate GARAGE BONUS ROOM W/ BATHROOM. all on Large . Estate sale subject to court approval.Lots of POSSIBILITIES!!
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1954, the property is well-maintained and appears move-in ready with some cosmetic updates such as laminate flooring and neutral interior paint. However, the kitchen cabinetry and bathroom fixtures are dated, and the use of a window AC unit indicates that major systems may not be fully modernized. While the listing highlights the property's development potential and land value, the existing structure remains functional but shows signs of age consistent with the 'fair' criteria.
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 = 31799, living area = 1208.
- Development Potential
The property is already approved for two homes, offering significant upside for investors or developers looking to maximize the value of the large lot in a desirable Nashville location.
- Expansive Lot Size
Situated on a rare 0.73-acre lot, this property provides an exceptional amount of space and privacy that is difficult to find within the West Nashville Annex subdivision.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Court Approval Contingency
As an estate sale subject to court approval, the purchasing process may involve a more complex and unpredictable timeline compared to a standard residential transaction.
- Dated Condition
Built in 1954 and marketed primarily for its land value, the existing structure likely requires significant modernization or may be considered a tear-down for new construction.
About 514 Basswood Ave
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 31,799 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
Charlotte Park Elementary School
Grades PK-4 • 0.4 mi
4/10
Gower Elementary School
Grades PK-4 • 3.5 mi
6/10
H G Hill Middle School
Grades 5-8 • 2.9 mi
4/10
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 | 1,208 | 2,045.139 |
| Lot Size | 31,799 | 10,890 |
| Price | $529.0K | $556.0K |
| Price per sq ft | $438 | $305 |
| Built year | 1954 | 1971 |
| HOA | $0 | $133 |
| Days on market | 247 | 70 |
Pricing History
Listed for Sale
Feb 19, 2026
$529,000
Initial Listing