827 Redwood Dr, Nashville, TN 37220, Nashville, 37220 - 3 bed, 3 bath
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Nashville, TN 37220
This property presents a Strong Value Opportunity with a List Price of $800,000—positioned well below the $869,793 Fair Market Value by 8%. This valuation gap offers $69,793 in Instant Equity for buyers. With a Condition Rating of 6, the residence requires a full renovation or teardown, leveraging a prime 1.02-acre lot in a high-growth area. Zoned for the highly-rated Percy Priest Elementary School, this site is an ideal acquisition for Fix-and-Flip Investors or Custom Home Builders seeking significant development upside.
Property is land value only, full reconstruction required.
Built in 1956 (70 years old) with no evidence of recent renovation. The property is currently unlivable, featuring a gutted interior with exposed framing, missing systems, and significant visible water damage/rot on structural ceiling beams. The listing explicitly markets the site as a teardown and new construction opportunity.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 2701.
The property features a rare 1.02-acre lot in the prestigious Forest Acres area, offering significant privacy and space in a high-demand Nashville location near Green Hills and Brentwood.
Surrounded by newly constructed luxury homes, this site presents an ideal opportunity for a high-value teardown and custom build or a substantial renovation project in a neighborhood with rising property values.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2701, other record living area = 2558.
The existing 1956 residence is in poor condition and requires a total remodel or demolition, necessitating a large additional capital investment beyond the initial purchase price.
Listed at $800,000 as a potential teardown, the high acquisition cost may limit profit margins for speculative builders or investors compared to other development opportunities in the region.
Exceptional opportunity in one of Nashville’s most sought-after locations. Situated on a prime 1.02 acre lot and surrounded by newly constructed luxury homes, this property offers endless potential for investors, builders, and end users alike. The existing residence is in need of a significant renovation and is best suited for a buyer seeking a substantial remodel project. Alternatively, the property presents an outstanding teardown and new construction opportunity, allowing you to create a custom home in a neighborhood experiencing continued growth and redevelopment. Whether you’re looking to restore, reimagine, or build from the ground up, this is a rare chance to secure a valuable homesite in an area where new luxury residences continue to elevate property values. Conveniently located near Green Hills, Brentwood, and downtown Nashville, with easy access to shopping, dining, and top local amenities.
No exterior & parking available.
Grades K-4 • 3.0 mi
Grades 5-8 • 3.1 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,701 | - |
| Lot Size | 44,431 | - |
| Price | $800.0K | $556.8K |
| Price per sq ft | $296 | $306 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 66 | 484 |
May 18, 2026
$800,000
Initial Listing