516 Wagon Ct, Nashville, TN 37221, Nashville, 37221 - 3 bed, 3 bath
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516 Wagon Ct
Nashville, TN 37221
ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,086Sq Ft
28,750Lot Size
Property Price
LIST PRICE$579,900
EST. MARKET VALUE
$529,170
9% AboveMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $579,900—positioned well above the $529,171 Fair Market Value by 9%. While priced above the current estimate, the property features a Good Condition Rating with a Granite Kitchen and Refinished Hardwoods. The expansive 0.66-acre lot and Workshop Facilities provide significant utility for hobbyists. Despite lower-rated local schools, the home offers a move-in-ready lifestyle for Owner-Occupants or first-time buyers seeking a private, well-maintained sanctuary in Nashville.
Estimated Market Value
$529,170
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 |
|---|---|---|---|---|---|---|
★ 516 Wagon Ct Subject | $579,900* List Price | 3 | 3 | 2,086 | $254 | - |
A 477 Saddle Dr Active | $699,900 List Price | 3 | 2 | 2,026 | $345 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1999, the property is well-maintained and features a recently updated kitchen with granite countertops, stainless steel appliances, and a modern tile backsplash. While the home is over 20 years old, the refinished hardwoods and move-in ready condition align with the 'Good' criteria for a 5-15 year renovation cycle.
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 = 28750, living area = 2086.
- Expansive Private Lot
Situated on a nearly 0.66-acre private lot, the property offers a serene backyard entertaining area that provides exceptional privacy and outdoor living space rarely found at this price point.
- Premium Workshop Facilities
The inclusion of an expansive garage and workshop space is a standout feature, offering versatile utility for hobbyists, car enthusiasts, or those requiring significant additional storage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2086, other record living area = 1963. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- School District Ratings
The assigned middle and high schools carry lower performance ratings (3/10), which may impact long-term resale value and appeal to education-focused families.
- Bedroom Capacity
With only three bedrooms available for nearly $580,000, the property may face stiff competition from larger homes in the Bellevue area that offer four or more bedrooms.
About 516 Wagon Ct
UNDER CONTRACT – CONTINUE TO SHOW. Buyer’s purchase is contingent upon sale of Buyer’s home. 24-hour ROFR in effect. Contact Listing Agent for details. Beautifully maintained home situated on large, private lot with an expansive garage/workshop and a serene backyard entertaining area! The interior offers custom cabinetry, granite counter tops, beautifully refinished hardwoods and generously sized bedrooms. Drone footage and virtual tour available in attached links! Preferred lender offering 1% incentive to qualified buyers!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 28,750 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Westmeade Elementary School
Grades K-4 • 2.3 mi
6/10
Bellevue Middle School
Grades 5-8 • 0.6 mi
3/10
Hillwood Comp High School
Grades 9-12 • 4.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,086 | 2,093.129 |
| Lot Size | 28,750 | 10,890 |
| Price | $579.9K | $568.3K |
| Price per sq ft | $278 | $307 |
| Built year | 1999 | 1971 |
| HOA | $0 | $137 |
| Days on market | 19 | 69 |
Pricing History
Listed for Sale
Aug 21, 2026
$579,900
Initial Listing
Sold
Nov 30, 1993
$179,900
Public Record