821 W Greenwood Ave, Nashville, TN 37206, Nashville, 37206 - 2 bed, 1 bath
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821 W Greenwood Ave
Nashville, TN 37206
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
700Sq Ft
6,970Lot Size
Property Price
LIST PRICE$325,000
EST. MARKET VALUE
$369,482
12% BelowMARKET VALUE
SUMMARY
This Turnkey Cottage represents a Strong Value Opportunity, listed at $325,000—positioned well below the $369,483 Fair Market Value by 12%. This valuation gap offers $44,483 in Instant Equity for the buyer. Featuring a Mint Condition Rating with a 2023 roof and 2026 interior/exterior renovations, the home offers immediate move-in readiness. Located in the vibrant 37206 district, it provides exceptional walkability to local dining and breweries. This is an ideal acquisition for first-time buyers or owner-occupants seeking a polished, low-maintenance residence.
Estimated Market Value
$369,482+$44,482 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 821 W Greenwood Ave Subject | $325,000* List Price | 2 | 1 | 700 | $528 | - |
A 919 W Eastland Ave Sold | $398,438 | 2 | 1 | 825 | $483 | 0.5 mi |
B 919 W Eastland Ave Sold | $398,438 | 2 | 1 | 825 | $483 | 0.5 mi |
C 913 Sharpe Ave Active | $299,900 List Price | 2 | 1 | 740 | $405 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1950, the property was fully renovated in 2016 (within 10 years) and received significant cosmetic updates in 2026, including fresh paint and refinished floors. With a new roof from 2023 and recent system refreshes, it meets the criteria for mint condition with no immediate maintenance needed.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Recent Renovations
The property boasts significant recent capital improvements, including a new roof in 2023 and comprehensive 2026 updates such as fresh interior/exterior paint, refinished hardwoods, and new kitchen flooring, ensuring a move-in-ready experience.
- Prime East Nashville Walkability
Ideally situated in the 37206 zip code, the home offers exceptional walkability to popular local destinations including Southern Grist, Highland Yards, The Pharmacy, and Mas Tacos, providing a vibrant urban lifestyle.
- Exceptional Value Proposition
Priced at $325,000, this cottage represents a rare and highly competitive entry point into one of Nashville's most desirable neighborhoods, offering a large fenced backyard and single-family privacy at an accessible price.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 700 square feet of living area and a single bathroom, the home's compact footprint may be a constraint for growing families or those requiring a dedicated home office space.
- Underperforming School District
The property is zoned for several local schools with low performance ratings (ranging from 1 to 3), which may impact long-term resale value and appeal to education-focused buyers.
About 821 W Greenwood Ave
Super cute cottage for a great price in 37206! This home was fully renovated in 2016, with several updates just made in 2026. New roof in 2023 as well, the 2026 updates include full exterior paint, fully interior painted, light fixture updates, refinished original hardwood floors, new kitchen flooring, landscaping, driveway, and more! Get into East Nashville at an unfathomable price, with a large, fenced in backyard, walking distance to Southern Grist (soon to be Xul Brewing), Highland Yards which includes Kisser and Flora + Fauna Coffee, and walkable to the Pharmacy and Mas Tacos as well. Come see this and live in 37206!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 • 0.4 mi
5/10
Glenn Elementary Enhance Option School
Grades PK-4 • 0.8 mi
0/10
Shwab Elementary School
Grades PK-4 • 1.1 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 700 | 2,093.129 |
| Lot Size | 6,970 | 10,890 |
| Price | $325.0K | $568.3K |
| Price per sq ft | $464 | $307 |
| Built year | 1950 | 1971 |
| HOA | $0 | $137 |
| Days on market | 28 | 69 |
Pricing History
Listed for Sale
Aug 12, 2026
$325,000
Initial Listing