516 Wagon Ct, Nashville, TN 37221, Nashville, 37221 - 3 bed, 3 bath
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Nashville, TN 37221
This Spacious Single Family Residence is a High-Potential Investment Opportunity, listed at $610,000—positioned well above the $532,758 Fair Market Value by -14%. While priced above market, the property features an Excellent Condition Rating with Granite Kitchen upgrades and a massive 28,750 sqft lot. The expansive garage/workshop adds significant utility, though buyers should note the lower-rated local schools. This property is an ideal acquisition for Owner-Occupants prioritizing privacy and workshop space or Buy-and-Hold Investors seeking a well-maintained, move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 Wagon Ct Subject | $610,000* List Price | 3 | 3 | 2,086 | $255 | - |
A 525 Saddle Dr Active | $699,000 List Price | 3 | 3 | 2,883 | $242 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1999, the home is over 20 years old but has undergone significant renovations that place it in the 'Good' category. The kitchen features updated white cabinetry, granite countertops, and stainless steel appliances, while the bathrooms show similar modern updates. The refinished hardwoods and overall interior condition indicate a renovation likely within the 5-15 year range, making it move-in ready and well-maintained.
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.
The property features a generous 28,750 sqft lot with a serene backyard entertaining area, offering a level of privacy and outdoor space that is highly sought after in the Nashville market.
The interior boasts high-quality finishes including custom cabinetry, granite countertops, and beautifully refinished hardwood floors, reflecting meticulous maintenance and modern appeal.
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.
The assigned middle and high schools are rated 3/10, which may be a significant deterrent for families and could impact the property's long-term appreciation potential.
At a $610,000 price point, a 3-bedroom configuration may face stiff competition from larger homes in the area that offer 4 or more bedrooms for similar investment levels.
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!
No exterior & parking available.
Grades K-4 • 2.3 mi
Grades 5-8 • 0.6 mi
Grades 9-12 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 46% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,086 | 2,569 | 26% |
| Lot Size | 28,750 | 10,890 | 77% |
| Price | $610.0K | $550.0K | 62% |
| Price per sq ft | $292 | $239 | 80% |
| Built year | 1999 | 1995 | 56% |
| HOA | $0 | $50 | 32% |
| Days on market | 9 | 595 | 1% |
Jun 7, 2026
$610,000
Initial Listing
Nov 30, 1993
$179,900
Public Record