5516 Deer Way Dr, Nashville, TN 37211, Nashville, 37211 - 4 bed, 4 bath
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5516 Deer Way Dr
Nashville, TN 37211
ACTIVE
CONDITION: FAIR
4Beds
4Baths
3,210Sq Ft
31,363Lot Size
Property Price
LIST PRICE$824,900
EST. MARKET VALUE
$668,296
23% AboveMARKET VALUE
SUMMARY
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $824,900—positioned well above the $668,296 Fair Market Value by -23%. While the list price exceeds current market estimates, the property offers significant upside through its 1,200 sq. ft. unfinished basement and one-acre wooded lot. With a Condition Rating of 4, the home requires modernization to reach its full potential. This asset is best suited for Value-Add Investors or Owner-Occupants seeking to build equity through strategic renovations in a prime location.
Estimated Market Value
$668,296
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 |
|---|---|---|---|---|---|---|
★ 5516 Deer Way Dr Subject 4 bd · 4 ba · 3,210 sqft · $208 | $824,900* List Price | 4 | 4 | 3,210 | $208 | - |
A 5936 Woodland Hills Dr Active 4 bd · 4 ba · 3,757 sqft · $266 · 0.1 mi | $999,000 List Price | 4 | 4 | 3,757 | $266 | 0.1 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 1985, this one-owner home is over 40 years old and features a functional but significantly dated kitchen with original oak cabinetry and older fixtures. While it features a newer tankless hot water heater and appears well-maintained, the interior requires cosmetic updates and modernization throughout.
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 = 31363, living area = 3210.
- Prime Location & Privacy
Situated on a lush one-acre wooded lot just five minutes from Brentwood, this property offers a rare combination of secluded, peaceful living with immediate access to shopping, hospitals, and the interstate.
- Significant Expansion Potential
The 1,200-square-foot unfinished basement provides a massive canvas for future equity growth, allowing buyers to easily add value by customizing additional living space, a home gym, or a media room.
CONSRISKS & DEFICIENCIES
- Dated Construction Era
Built in 1985, the home may require significant cosmetic updates or modernizations to align with contemporary aesthetic preferences and high-end market expectations at this price point.
- Inconsistent School Ratings
While the elementary school is highly rated (8/10), the assigned high school has a significantly lower rating (3/10), which may be a concern for families prioritizing long-term educational consistency.
About 5516 Deer Way Dr
Fabulous ONE OWNER home, just 5 minutes from Brentwood. This beautiful 3200 sq. ft. 4 bedroom, 4 bath home offers privacy and convenience on +/- one acre wooded lot, with great schools nearby. Enjoy a spacious 1200-square foot unfinished basement--perfect for storage or future expansion. Additional features include tankless hot water heater, immediate possession, and easy access to shopping, hospitals, and Interstate. A rare opportunity to enjoy a peaceful, private setting while just being minutes from everything you need.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1985
- Lot Size
- 31,363 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Granbery Elementary School
Grades K-4 • 1.3 mi
8/10
William Henry Oliver Middle School
Grades 5-8 • 1.6 mi
5/10
John Overton Comp High School
Grades 9-12 • 3.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,210 | 2,045.139 |
| Lot Size | 31,363 | 10,890 |
| Price | $824.9K | $556.0K |
| Price per sq ft | $257 | $305 |
| Built year | 1985 | 1971 |
| HOA | $0 | $133 |
| Days on market | 44 | 70 |
Pricing History
Listed for Sale
Sep 10, 2026
$824,900
Initial Listing