621 Eastboro Dr, Nashville, TN 37209, Nashville, 37209 - 2 bed, 1 bath
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Nashville, TN 37209
This Prime Development Asset represents a High-Potential Investment Opportunity with a List Price of $440,000—positioned well below the $452,426 Fair Market Value by 2%. This valuation gap provides $12,426 in Instant Equity for a strategic "scrape and build" project. Featuring a Condition Rating of 6, the existing structure has reached the end of its functional life, shifting primary value to the expansive 9,148 sqft lot. Located in the high-demand 37209 zip code near Charlotte Park Elementary, this acquisition is ideal for Real Estate Developers or Speculative Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 621 Eastboro Dr Subject | $440,000* List Price | 2 | 1 | 850 | $532 | - |
A 553 Croley Dr Sold | $425,000 | 2 | 1 | 768 | $553 | 0.4 mi |
B 321 53rd Ave N Sold | $525,000 | 2 | 1 | 977 | $537 | 1.0 mi |
C 1003 57Th Ave N Sold | $445,000 | 3 | 2 | 936 | $475 | 0.7 mi |
D 628 Westboro Dr Active | $425,000 List Price | 2 | 1 | 759 | $560 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1955 with no evidence of major renovations, this property is explicitly marketed as a 'scrape and build' opportunity for builders. The exterior images reveal significant deferred maintenance, including peeling paint and visible stair-step cracking in the brickwork, suggesting structural issues. Given the 'as-is' sale condition and the listing's focus on lot utilization and redevelopment potential, the structure is considered to have reached the end of its functional life.
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 = 850.
The generous 9,148 sqft lot in the high-demand 37209 zip code presents a premier opportunity for builders to capitalize on the area's trend toward new construction and luxury redevelopment.
Situated in the rapidly appreciating Charlotte Park/Croleywood area, the property offers excellent proximity to downtown Nashville, major highways, and local amenities, ensuring strong resale value.
The property is sold strictly as-is with the seller unable to make repairs, indicating significant deferred maintenance and the requirement for substantial upfront capital for improvements.
At only 850 square feet with a 2-bed, 1-bath configuration, the current structure is undersized for modern buyer expectations, making a total overhaul or expansion necessary to achieve market competitiveness.
Great Opportunity for Builders or Rehab * Home is sold As-Is/Where-Is. Seller is unable to make repairs.
No exterior & parking available.
Grades PK-4 • 0.9 mi
Grades PK-4 • 1.3 mi
Grades 5-8 • 2.1 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 | 850 | 1,685 | 12% |
| Lot Size | 9,148 | 7,405 | 74% |
| Price | $440.0K | $485.0K | 45% |
| Price per sq ft | $518 | $334 | 83% |
| Built year | 1955 | 1956 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 124 | 764 | 2% |
Feb 12, 2026
$440,000
Initial Listing
Aug 11, 1995
$52,000
Public Record
Jun 9, 1995
$39,500
Public Record