
Nashville, TN 37209
This Charlotte Park Development Asset is listed at $465,000, offering a strategic entry into a rapidly appreciating Nashville submarket. With a Condition Rating of 5, the property is positioned as a prime redevelopment site. The core value lies in the 10,890 sqft Level Lot, providing significant Development Potential for New Construction near Charlotte Park Elementary. Despite the $322,536 Fair Market Value of the existing infrastructure, the land's utility makes this a high-priority acquisition for Builders and Fix-and-Flip Investors looking to capitalize on neighborhood growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 603 Bagleyshop Dr Subject | $465,000* List Price | 2 | 2 | 1,263 | $255 | - |
A 518 Scholarship Dr Sold | $450,000 | 3 | 1 | 1,385 | $325 | 0.3 mi |
B 518 Scholarship Dr Sold | $450,000 | 3 | 1 | 1,385 | $325 | 0.3 mi |
C 6505 Firestone Ct Sold | $499,998 | 3 | 2 | 1,608 | $311 | 0.7 mi |
D 492 Sunliner Dr Active | $450,000 List Price | 3 | 2 | 1,388 | $324 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960, this property is primarily marketed for its land value and redevelopment potential, surrounded by modern new construction. The exterior retains original mid-century features with no visible updates to windows or styling. The listing description and property analysis explicitly mention 'dated infrastructure' and suggest the home as a 'renovation project' or site for 'future new construction,' indicating that the kitchen, bathrooms, and major systems likely require substantial modernization or replacement to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1263.
The property features a rare, level, and square 0.25-acre lot, making it an ideal candidate for new construction or a significant expansion in a high-demand area.
Situated in the rapidly appreciating Charlotte Park neighborhood, the home is surrounded by modern new builds, ensuring strong long-term equity growth and neighborhood appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1263, other record living area = 1159. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Built in 1960, the existing structure likely requires substantial modernization or repairs to meet current market standards for luxury and efficiency.
The assigned middle and high schools have lower performance ratings (4 and 3 respectively), which may limit the property's appeal to families prioritizing top-tier educational districts.
Opportunity meets imagination in this charming 2 bed, 1.5 bath home set on a beautiful, square, level lot in a highly desirable neighborhood surrounded by stunning newer construction. Whether you are an investor, builder, or buyer with vision, this property offers endless potential. The lot itself is a rare find — generously shaped, level, and easy to build on — making it ideal for a future new construction or thoughtful expansion. Meanwhile, the existing home provides flexibility as a rental property, renovation project, or cozy starter home while you plan your next move. Located in an area experiencing exciting growth, with new homes enhancing value and appeal, this property presents a unique chance to secure land in a neighborhood that continues to appreciate.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades PK-4 • 3.6 mi
Grades 5-8 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,263 | 1,650 | 26% |
| Lot Size | 10,890 | 7,405 | 80% |
| Price | $465.0K | $520.0K | 43% |
| Price per sq ft | $368 | $342 | 61% |
| Built year | 1960 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 697 | 0% |
Apr 14, 2026
$465,000
Initial Listing
Sep 29, 1994
$73,000
Public Record