514 Basswood Ave, Nashville, TN 37209, Nashville, 37209 - 2 bed, 2 bath
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Nashville, TN 37209
Analysis of 514 Basswood Ave, Nashville, TN 37209 is currently available with a list price of $529,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Nashville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
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.
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.
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.
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.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
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.
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.
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!!
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 3.5 mi
Grades 5-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,208 | 1,640 | 24% |
| Lot Size | 31,799 | 7,405 | 94% |
| Price | $529.0K | $525.0K | 51% |
| Price per sq ft | $438 | $342 | 73% |
| Built year | 1954 | 1960 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 688 | 1% |
Feb 19, 2026
$529,000
Initial Listing