553 Croley Dr, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well above the $321,931 Fair Market Value by -39%. With a Condition Rating of 6, the existing structure is a total tear-down, shifting the focus entirely to the 8,712 sqft lot in the high-demand Charlotte Park corridor. Proximity to Charlotte Park Elementary adds long-term neighborhood appeal for new construction. This is a strategic land acquisition ideal for Residential Developers or Custom Home Builders seeking a prime redevelopment site.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 553 Croley Dr Subject | $450,000* List Price | 2 | 1 | 781 | $412 | - |
A 621 Eastboro Dr Active | $440,000 List Price | 2 | 1 | 850 | $518 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1945 (79+ years old) and the MLS description explicitly states it is a 'tear down.' With no mention of renovations and a high list price relative to the small square footage, the value is strictly in the 60x150 lot for redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 781.
Situated in the highly desirable Charlotte Park area, this property offers a premier opportunity for new construction in one of Nashville's most active redevelopment corridors.
The 60x150 lot provides a generous 8,712 square foot footprint, offering a standard and deep rectangular shape that is ideal for a variety of modern residential floor plans.
The existing structure is explicitly listed as a tear down, requiring the buyer to factor in the immediate costs and logistical hurdles of demolition and site clearing.
At a list price of $450,000 for land value alone, the entry point is significant, placing pressure on the developer's margins to produce a high-end finished product.
60x150 lot in Charlotte Park. Property is a tear down
No exterior & parking available.
Grades PK-4 • 0.5 mi
Grades PK-4 • 1.7 mi
Grades 5-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 781 | 1,658.5 | 11% |
| Lot Size | 8,712 | 7,405 | 69% |
| Price | $450.0K | $468.8K | 47% |
| Price per sq ft | $576 | $329 | 90% |
| Built year | 1945 | 1956 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 841 | 1% |
May 8, 2026
$450,000
Initial Listing
Jul 1, 1996
$58,900
Public Record