
Nashville, TN 37217
This Renovated Single Family Residence is a High-Potential Investment Opportunity, listed at $489,900—positioned well below the $506,604 Fair Market Value by 3%. This valuation gap offers $16,704 in Instant Equity. Featuring a Condition Rating of 2 with modern infrastructure updates, the home offers a flexible layout with a separate entrance ideal for multi-generational living. Located under 10 minutes from downtown, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate value and urban convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 877 Kipling Dr Subject | $474,900* List Price | 4 | 3 | 1,939 | $259 | - |
A 719 Woodmere Dr Active | $530,000 List Price | 3 | 2 | 1,804 | $294 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1949, the property has been freshly renovated within the last 5 years. The kitchen features modern shaker cabinets, new tile backsplash, and stainless steel appliances. Bathrooms are updated with new vanities and fixtures. Visible systems in the basement show newer PVC plumbing and insulated ductwork, indicating a comprehensive update to the home's infrastructure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35719, living area = 1939.
Priced under $500,000 and located less than 10 minutes from downtown Nashville, this property offers a rare combination of affordability and urban convenience for a four-bedroom home.
Situated on nearly a full acre of wooded land, the property provides significant outdoor space and privacy that is difficult to find so close to the city center.
The assigned high school has a low rating of 2, which may be a concern for families prioritizing top-tier public education.
While the property includes a garage, it is primarily designated for storage rather than vehicle parking, which may be a drawback for some buyers.
This home qualifies for 100% FINANCING w/ ONLY $500 DOWN payment with a (NOT variable) INTEREST RATE BELOW market rates as a community give back program through First Bank. Buyer may also qualify for a $10,000 grant to help pay closing costs. Contact Brooke Serpahine 615-943-9808 for more information. This freshly renovated home features 4 bedrooms and 3 baths on almost an acre ~ all under 10 mins from downtown! NEW paint throughout, NEW flooring throughout, NEW lighting fixtures, NEW primary bath vanity, serviced HVAC, clean gutters and freshly painted deck. Main level features 3 beds including the primary and 2 full baths with a formal living room at the entrance and another family room in the back of the home that walks out to a deck overlooking the serene and expansive backyard. Basement level features flex space for office/kids area, LARGE unfinished room great for a workshop, hobby room or storage AND a full bedroom with built closets, full bath and separate outside, basement level entrance. Ideal for older children living at home, In-laws or guests. This space could also be used as an Airbnb for extra income. Outside, you'll find a detached garage, open fields, and mature trees on a lot that is almost a full acre. The possibilities are endless for expansion. This home is nestled on a quiet street and is just two minutes from Briley Pkwy and I-40, making the commute to downtown or the airport a breeze. Don't miss this one!
No exterior & parking available.
Grades K-4 • 0.2 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,939 | 2,093.129 |
| Lot Size | 35,719 | 10,890 |
| Price | $474.9K | $568.3K |
| Price per sq ft | $245 | $307 |
| Built year | 1949 | 1971 |
| HOA | $0 | $137 |
| Days on market | 42 | 69 |
Aug 25, 2026
$474,900
$489,900
-3% Price Drop
Initial Listing
Jul 29, 2026
$489,900
Initial Listing