803 Gwynn Dr, Nashville, TN 37216, Nashville, 37216 - 3 bed, 2 bath
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Nashville, TN 37216
This Residential Development Asset represents a strategic land-play in Nashville’s high-growth 37216 zip code, featuring a List Price of $385,000 compared to a $316,002 Fair Market Value. The pricing reflects the significant Development Potential of the 9,583 sqft lot, which is currently zoned RS 7.5. Given the Condition Rating of 6, the 1950s structure is a prime candidate for a tear-down, offering a blank canvas for a modern new build. Located near Cotton Elementary School, the site is a high-utility acquisition for Developers or Speculative Builders.
Property is land value only, full reconstruction required.
The property is explicitly marketed as a 'new build' opportunity and sold in 'as-is' condition, indicating the 1950s structure is likely at the end of its functional life. The listing emphasizes development potential and land value over the existing dwelling, which is consistent with a tear-down classification.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1285.
The property is marketed as a prime opportunity for a new build, with the unique advantage of being combinable with the adjacent lot (801 Gwynn) to create a substantial half-acre site.
Zoned RS 7.5 with a lot size of 9,583 sqft, the parcel exceeds the minimum requirements for its zoning class, offering flexibility for a significant single-family residential project.
The property is sold in as-is condition and is currently tenant-occupied, which may limit immediate access and implies the existing 1950s structure requires a total rebuild.
With 666 days on the market, the listing may face perception issues regarding its valuation or potential underlying constraints that have deterred previous buyers.
Great opportunity for a new build..Combine with 801 Gwynn for almost half an acre. Zoning is RS 7.5. Property is occupied. Do not disturb tenants. 24 hour notice required to show. Property being sold as-is.
No exterior & parking available.
Grades PK-4 • 2.7 mi
Grades 5-8 • 0.9 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,285 | 1,741.5 | 23% |
| Lot Size | 9,583 | 12,632 | 25% |
| Price | $385.0K | $542.5K | 28% |
| Price per sq ft | $300 | $330 | 34% |
| Built year | 1950 | 1950 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 674 | 617 | 51% |
Jun 18, 2024
$385,000
Initial Listing