61B Cannon St, Nashville, TN 37210, Nashville, 37210 - 3 bed, 3 bath
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61B Cannon St
Nashville, TN 37210
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,648Sq Ft
871Lot Size
Property Price
LIST PRICE$469,500
EST. MARKET VALUE
$501,778
6% BelowMARKET VALUE
SUMMARY
This Modern Residential Asset is a Strong Value Opportunity, listed at $469,500—positioned well below the $501,778 Fair Market Value by 6%. This valuation gap offers $32,278 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with solid hardwood floors and marble countertops, this 2021-built home is move-in ready. Its proximity to the booming Wedgewood-Houston district provides significant lifestyle appeal. This property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a high-quality, low-maintenance home in a prime Nashville location.
Estimated Market Value
$501,778+$32,278 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 61B Cannon St Subject | $469,500* List Price | 3 | 3 | 1,648 | $304 | - |
A 79A Factory St Sold | $585,000 | 3 | 3 | 1,861 | $314 | 0.7 mi |
B 26 Fain St Active | $499,000 List Price | 3 | 3 | 1,643 | $304 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2021, this property is less than 10 years old and in mint condition. It features modern finishes including solid hardwood floors, marble countertops with matching backsplash, and contemporary bathroom tiling with updated fixtures. Systems and exterior are low-maintenance and move-in ready with no repairs needed.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Value
Situated near the booming Wedgewood-Houston area and downtown Nashville, this property offers exceptional value for a 3-bedroom home priced under $500,000.
- Premium Interior Finishes
The home features high-quality upgrades including solid hardwood flooring, marble countertops with a matching backsplash, and a professional-grade gas range.
- Significant Seller Incentives
The seller's offer to cover closing costs provides a substantial financial advantage, reducing the initial capital required for prospective buyers.
CONSRISKS & DEFICIENCIES
- Complex Ownership Structure
As a stock cooperative, the property may face more stringent financing requirements and a smaller pool of eligible lenders compared to traditional residential listings.
- Minimal Lot Size
With a lot size of only 871 square feet, the property offers very limited outdoor space, which may not appeal to buyers seeking a private yard or garden.
About 61B Cannon St
Seller will pay your closing costs! Great value next to one of the most booming areas of Nashville! Situated right next to Wedgewood-Houston and downtown Nashville and UNDER 500k. This 3-bedroom, 3-bath home offers a great floor plan with generously sized bedrooms and great natural light throughout. The home features solid hardwood floors, fresh paint in every room, marble countertops and a matching marble backsplash, and a GAS range. Has a low maintenance exterior while still offering the benefits and interior space of a single family home.
Property Details
Public Facts
- Property Type
- Stock Cooperative
- Year Built
- 2021
- Lot Size
- 871 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 3.0 | 3.5 |
| Square foot | 1,648 | 2,315.405 |
| Lot Size | 871 | 1,307 |
| Price | $469.5K | $716.1K |
| Price per sq ft | $285 | $313 |
| Built year | 2021 | 2020 |
| HOA | $0 | $197 |
| Days on market | 56 | 87 |
Pricing History
Listed for Sale
Aug 6, 2026
$469,500
$475,000
-1% Price Drop
Initial Listing
Price Change
Jul 15, 2026
$475,000
Initial Listing