5207 Nevada Ave, Nashville, TN 37209, Nashville, 37209 - 3 bed, 1 bath
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5207 Nevada Ave
Nashville, TN 37209
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,036Sq Ft
9,148Lot Size
Property Price
LIST PRICE$769,000
EST. MARKET VALUE
$705,490
9% AboveMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $769,000—positioned well below the $705,491 Fair Market Value by -9%. While the list price exceeds the current estimation, the 60x150 lot size provides significant long-term upside in the sought-after Sylvan Park neighborhood. With a Fair Condition Rating, the home serves as a stable rental asset or a foundation for future expansion. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on prime land value.
Estimated Market Value
$705,490
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 |
|---|---|---|---|---|---|---|
★ 5207 Nevada Ave Subject 3 bd · 1 ba · 1,036 sqft · $681 | $769,000* List Price | 3 | 1 | 1,036 | $681 | - |
A 4202 Wyoming Ave Sold 2 bd · 1 ba · 964 sqft · $700 · 0.8 mi | $675,000 | 2 | 1 | 964 | $700 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1950 (74 years old), this property exceeds the 50-year threshold for a tear-down; however, the listing describes it as being in 'great condition' and suitable as a rental, indicating it is livable and maintained. The 3-bed, 1-bath configuration and age suggest dated systems and interiors that likely require modernization to meet current market standards, placing it firmly in the fair category.
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 = 9148, living area = 1036.
- Prime Location
Situated in the highly sought-after Sylvan Park neighborhood, this property offers exceptional long-term value and proximity to Nashville's premier local amenities.
- Expansive Lot Potential
The rare 60x150 lot size is a significant asset for the area, providing ample space for a pool or future residential expansion and development.
CONSRISKS & DEFICIENCIES
- Functional Layout Limitations
With only one bathroom serving three bedrooms, the floor plan may not meet the expectations of modern families or high-end buyers without further renovation.
- Premium Pricing for Size
The list price reflects a high cost per square foot for a 1,036-square-foot home, indicating that the value is heavily weighted in the land rather than the existing structure.
About 5207 Nevada Ave
Rare 60x150 lot available in sought after Sylvan Park. Room for a pool. Survey is available. Home is in great condition and would be a good rental
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Sylvan Park Paideia Design Center
Grades PK-4 • 0.4 mi
7/10
Park Avenue Elementary Enhanced Option
Grades PK-4 • 1.2 mi
5/10
Charlotte Park Elementary School
Grades PK-4 • 1.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,036 | 2,045.139 |
| Lot Size | 9,148 | 10,890 |
| Price | $769.0K | $556.0K |
| Price per sq ft | $742 | $305 |
| Built year | 1950 | 1971 |
| HOA | $0 | $133 |
| Days on market | 3 | 70 |
Pricing History
Listed for Sale
Oct 21, 2026
$769,000
Initial Listing
Sold
May 12, 1995
$78,900
Public Record