515 Basswood Ave 83, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
Analysis of 515 Basswood Ave 83, Nashville, TN 37209 is currently available with a list price of $0. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
While the property was built in 1973, the interior has been significantly updated to a move-in ready state. It features modern luxury vinyl plank flooring, fresh neutral paint, and an updated bathroom vanity with a contemporary faucet. The open floor plan and clean appearance indicate recent cosmetic renovations, and the major systems visible, such as the HVAC units, appear functional and well-maintained, placing it above the 'fair' category despite the building's age.
As a first-level unit, this condo offers superior accessibility and convenience, making it highly attractive to a broad demographic, including those with mobility concerns or those seeking easier move-in logistics.
The property is marketed as move-in ready with a clean, open floor plan, which is a significant advantage for auction buyers looking to avoid immediate renovation costs or delays.
Positioned as an affordable entry point into the Nashville market, this unit is well-suited for both a primary residence and a rental investment, offering flexibility for various buyer strategies.
The auction terms require a substantial $25,000 down payment on the day of sale plus a 10% buyer's premium, creating a high barrier to entry for buyers who lack significant liquid capital.
A monthly association fee of $374 for a 1970s-era building is relatively high for a two-bedroom unit, which may impact the net cash flow for investors and the monthly budget for owner-occupants.
Auction on April 4th at 10AM. Online Bidding Only - No Onsite Bidding, Condo is Available for Preview anytime! Move In Ready, First Level Unit, A Great Place To Buy in Nashville, An Affordable Place! Great investment property or personal use! Clean, and Open Floor Plan - Ready To Go! Auction Terms: $25,000 Down Day of Sale, Balance Due In 30 Days. Buyers must bring cashier check, or letter from bank stating the funds are good. Property Taxes Pro-Rated, Buyer is guaranteed Clear title. A 10% Buyers Premium Will Be Added To The Final Bid Price And Made A Part Of The Purchase Price. There are 2 preview days prior to the auction, all other showings must be scheduled.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 3.4 mi
Grades 5-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 968 | 896 | 68% |
| Lot Size | - | 871 | 14% |
| Price | $0 | $330.0K | 5% |
| Price per sq ft | $0 | $379 | 5% |
| Built year | 1973 | 2020 | 14% |
| HOA | $374 | $198 | 95% |
| Days on market | 52 | 267 | 5% |
Oct 7, 1993
$29,350
Public Record