515 Basswood Ave 82, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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515 Basswood Ave 82
Nashville, TN 37209
ACTIVE
CONDITION: POOR
2Beds
1Baths
968Sq Ft
871Lot Size
Property Price
LIST PRICE$140,000
EST. MARKET VALUE
$147,680
5% BelowMARKET VALUE
SUMMARY
This 2-bedroom condominium presents a Strong Value Opportunity with a List Price of $140,000—positioned well below the $147,680 Fair Market Value by 5%. This valuation gap offers $7,680 in Instant Equity for buyers. Featuring a Condition Rating of 5, the unit requires a full interior renovation, making it a prime asset for Buy-and-Hold Investors or first-time buyers. With a functional floor plan, private deck and patio, and proximity to Charlotte Park Elementary, this estate sale is an ideal project for those seeking immediate value-add potential.
Estimated Market Value
$147,680+$7,680 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 515 Basswood Ave 82 Subject | $140,000* List Price | 2 | 1 | 968 | $153 | - |
A 515 Basswood Ave #J94 Active | $180,000 List Price | 2 | 1 | 968 | $186 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1973 (53 years old) and marketed as an 'Estate Sale,' which typically indicates original condition without recent updates. Given the age and low price point, the unit likely requires a full rehab of the kitchen, bathroom, and aging systems to be considered modern and safe.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced at $120,000, this property represents a rare entry-level opportunity in the competitive Nashville market, making it highly attractive for budget-conscious buyers or investors.
- Strategic Location
Situated in the desirable 37209 zip code, the property offers excellent proximity to West Nashville amenities and is less than half a mile from Charlotte Park Elementary.
- Investment Potential
As an estate sale, this unit provides a significant value-add opportunity for a buyer willing to renovate and modernize the space to build immediate equity.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =871, other record lot size in square feet = 1165.
- Dated Condition
Built in 1973 and listed as an estate sale, the property likely requires substantial cosmetic and mechanical updates to meet current market standards.
- High HOA Fees
The monthly association fee of $341 is relatively high in proportion to the listing price, which may impact the overall monthly carrying costs for the owner.
About 515 Basswood Ave 82
This 2-bedroom, 1-bath condominium offers a wonderful opportunity for a buyer looking to add their own personal touches. The home has been well-loved and is ready for some updating and a fresh vision. With a functional floor plan and plenty of potential, it’s a great option for an owner-occupant, investor, or someone looking to renovate and make it their own. Convenient Nashville location with easy access to shopping, dining, and major roadways. Property is being sold as part of an estate. This is a Cash only purchase at this time.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1973
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $341 / Month
Neighborhood Insights
Nashville Unified Schools
Charlotte Park Elementary School
Grades PK-4 • 0.4 mi
4/10
Gower Elementary School
Grades PK-4 • 3.4 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 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 968 | 1,009.207 |
| Lot Size | 871 | 871 |
| Price | $140.0K | $339.9K |
| Price per sq ft | $145 | $344 |
| Built year | 1973 | 2007 |
| HOA | $341 | $329 |
| Days on market | 20 | 91 |
Pricing History
Listed for Sale
Sep 4, 2026
$140,000
$120,000
+17% Price Increase
Initial Listing
Price Change
Aug 20, 2026
$120,000
Initial Listing