
Nashville, TN 37206
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $473,075 Fair Market Value by 4%. This valuation gap offers $23,075 in Instant Equity for buyers. With a Condition Rating of 5, the home requires significant renovation, yet the 0.61-acre lot and R10 Zoning provide exceptional development upside. Located near Shelby Bottoms, this is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize value through new construction or comprehensive value-add projects.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Eastland Ct Subject | $450,000* List Price | 2 | 1 | 1,370 | $345 | - |
A 808 Potter Ln Active | $549,900 List Price | 3 | 2 | 1,581 | $348 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 with no significant renovations in over 30 years. The kitchen features original cabinetry and hardware, and the presence of window AC units indicates a lack of modern central HVAC systems. The listing description explicitly targets developers and investors for a full rehab or new construction, confirming the property needs significant updates 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 = 26572, living area = 1370.
The R10 zoning combined with a generous 0.61-acre lot offers exceptional flexibility for new construction, multi-unit development, or significant value-add projects.
Situated in a highly sought-after East Nashville pocket, the property is within walking distance to Shelby Bottoms greenways and trails, providing high lifestyle appeal.
Built in 1962 and marketed for 'sweat equity,' the existing structure likely requires substantial capital investment to meet modern standards and aesthetic expectations.
The current 2-bedroom, 1-bathroom configuration is modest for the price point, which may limit immediate occupancy appeal for traditional families without an expansion.
Rare opportunity on a spacious 0.61-acre lot in one of East Nashville's most sought-after pockets. Zoned R10, this property is flexible enough for a developer eyeing new construction, an investor ready to renovate and add value, or a first-time buyer looking to build equity through some sweat equity of their own. The existing home offers 2 beds, 1 bath, and 1,370 square feet — a solid starting point whatever direction you take it. Location is hard to beat: you're within walking distance of Shelby Bottoms, with easy access to greenways, trails, and everything East Nashville has to offer. Lot size, zoning, and location like this don't come around often — worth a look before it's gone.
No exterior & parking available.
Grades PK-4 • 0.4 mi
Grades 5-8 • 1.2 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,370 | 2,093.129 |
| Lot Size | 26,572 | 10,890 |
| Price | $450.0K | $568.3K |
| Price per sq ft | $328 | $307 |
| Built year | 1962 | 1971 |
| HOA | $0 | $137 |
| Days on market | 44 | 69 |
Jul 27, 2026
$450,000
Initial Listing