700 Omandale Dr, Nashville, TN 37204, Nashville, 37204 - 3 bed, 3 bath
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Nashville, TN 37204
This Prime Redevelopment Site is a High-Potential Investment Opportunity with a List Price of $999,000—positioned well below the $1,200,168 Fair Market Value by 16%. This valuation gap provides $201,168 in Instant Equity for buyers prepared to modernize this Condition Rating 5 asset. Situated on a flat 0.75-acre corner lot in prestigious Oak Hill, the property features a versatile detached garage with a half bath and access to top-rated Glendale Elementary (9/10). This is a high-upside acquisition ideal for Luxury Home Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 Omandale Dr Subject | $999,000* List Price | 3 | 3 | 1,969 | $610 | - |
A 4316 Morriswood Dr Sold | $850,000 | 2 | 1 | 1,326 | $641 | 0.3 mi |
B 4316 Morriswood Dr Sold | $850,000 | 2 | 1 | 1,326 | $641 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1953 and over 70 years old, the property is marketed as an 'opportunity' for 'renovations' and 'reimagining.' The description of a 'solid foundation' combined with the age and lack of mentioned updates suggests original systems and interiors that require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 32670, living area = 1969.
Elementary School: Glendale Elementary School (9/10).
Situated on a flat 0.75-acre corner lot in the prestigious Oak Hill area, the property offers significant space for expansion, outdoor living, or a potential custom rebuild in a high-demand neighborhood.
Built in 1953 and marketed for its 'potential,' the home likely requires a substantial capital investment to modernize the interior, systems, and layout to meet current luxury standards.
At a list price of $999,000 for a home needing updates, the total cost of acquisition plus renovation may challenge the immediate appraisal value for some investors or buyers.
Opportunity awaits in the highly desirable Oak Hill area of Nashville! Situated on a beautiful, flat 3/4 corner lot, this one level home offers endless potential for renovations or updates. Featuring 3 bedrooms and 2.5 baths, the layout provides a solid foundation to reimagine and create your dream space. The property includes a detached two car garage complete with its own half bath-ideal for a workshop, studio, hobby space or future pool conversion. The lot is partially fenced and offers plenty of room for expansion , outdoor living or simply enjoying the privacy and mature surroundings that Oak Hill is known for. Conveniently located with easy access to the interstate, downtown Nashville and all the dining, shopping and entertainment the area has to offer, this is a rare opportunity to invest in one of Nashville's most sought after communities!
No exterior & parking available.
Grades PK-4 • 1.2 mi
Grades 5-8 • 0.8 mi
Grades 9-12 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,969 | 2,442 | 34% |
| Lot Size | 32,670 | 18,513 | 91% |
| Price | $999.0K | $925.0K | 56% |
| Price per sq ft | $507 | $414 | 65% |
| Built year | 1953 | 1950 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 908 | 1% |
Feb 25, 2026
$999,000
Initial Listing