803 Gwynn Dr, Nashville, TN 37216, Nashville, 37216 - 3 bed, 2 bath
Loading property details...
803 Gwynn Dr
Nashville, TN 37216
ACTIVE
CONDITION: TEAR DOWN
3Beds
2Baths
1,285Sq Ft
9,583Lot Size
Property Price
LIST PRICE$338,000
EST. MARKET VALUE
$325,541
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $338,000—positioned well below the $325,542 Fair Market Value by -3%. While the structure holds a Condition Rating of 6, the RS 7.5 Zoning and 9,583 sqft lot provide significant development upside, especially when combined with the adjacent parcel. This asset is best suited for Residential Developers or Buy-and-Hold Investors focused on long-term land value and new construction potential in the 37216 market.
Estimated Market Value
$325,541
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 |
|---|---|---|---|---|---|---|
★ 803 Gwynn Dr Subject 3 bd · 2 ba · 1,285 sqft · $253 | $338,000* List Price | 3 | 2 | 1,285 | $253 | - |
A 3903 Burrus St Sold 3 bd · 2 ba · 1,488 sqft · $252 · 0.8 mi | $375,000 | 3 | 2 | 1,488 | $252 | 0.8 mi |
B 1018 McMahan Ave Active 4 bd · 1 ba · 1,032 sqft · 0.4 mi | $0 List Price | 4 | 1 | 1,032 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1950 (74 years old) with no evidence of renovations, the listing explicitly markets the property as a 'new build' opportunity and is being sold 'as-is,' indicating the structure holds little to no value compared to the land.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Development Potential
The property presents a prime opportunity for a new build, with the unique option to combine it with the adjacent lot for a total of nearly half an acre of development space.
- Favorable Zoning
Zoned RS 7.5 in the sought-after 37216 zip code, the lot offers significant flexibility for residential redevelopment in a growing Nashville neighborhood.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is sold in as-is condition and is currently tenant-occupied, which may complicate the inspection process and require immediate capital for repairs or clearing.
- High Days on Market
Having been on the market for over 800 days, the listing may face challenges with buyer perception regarding its value or potential undisclosed property issues.
About 803 Gwynn Dr
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 9,583 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Nashville Unified Schools
Cotton Elementary School
Grades PK-4 • 2.7 mi
5/10
Gra-Mar Middle School
Grades 5-8 • 0.9 mi
3/10
Maplewood Comp High School
Grades 9-12 • 1.0 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,285 | 2,045.139 |
| Lot Size | 9,583 | 10,890 |
| Price | $338.0K | $556.0K |
| Price per sq ft | $263 | $305 |
| Built year | 1950 | 1971 |
| HOA | $0 | $133 |
| Days on market | 858 | 70 |
Pricing History
Listed for Sale
Jun 18, 2024
$338,000
Initial Listing