
Nashville, TN 37204
This Hybrid Income-Producing Property is listed at $1,499,998, which sits above the $1,289,663 Fair Market Value. While the property commands a premium, it offers a unique High-Potential Investment Opportunity due to its versatile private upstairs suite and 12 South location. With a Condition Rating of 3, the home features original hardwood floors and a renovated kitchen. The property is best suited for Buy-and-Hold Investors seeking short-term rental income or Owner-Occupants looking to offset mortgage costs through a multi-generational living arrangement.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 947 Gale Ln Subject | $1,499,998* List Price | 4 | 3 | 3,150 | $409 | - |
A 965B Draughon Ave Sold | $1,362,500 | 4 | 3 | 3,150 | $433 | 0.5 mi |
B 3733 Granny White Pike Sold | $1,300,000 | 4 | 5 | 3,672 | $354 | 0.7 mi |
C 1000 Draughon Ave Active | $1,400,000 List Price | 4 | 3 | 3,179 | $440 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1928, the home is well-maintained and move-in ready. Photos show a renovated kitchen with modern shaker cabinetry and stone countertops, along with updated electrical systems evidenced by recessed lighting. The original hardwoods are in excellent condition, and the addition of a functional upstairs suite suggests significant updates within the 5-15 year range.
This 1928 brick and stone Tudor offers rare craftsmanship, featuring original hardwood floors, an exposed brick fireplace, and a 'storybook' aesthetic that stands out against modern new construction.
The property includes a private upstairs suite with a separate exterior entrance, full bath, and laundry, making it an ideal setup for a high-yield short-term rental or a multi-generational living arrangement.
Situated on a lush corner lot in one of Nashville’s most vibrant neighborhoods, the home provides direct park views and immediate proximity to the high-end dining and retail of 12 South.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3150, other record living area = 2449.
Listed as a Stock Cooperative rather than traditional fee-simple residential, which can lead to more restrictive financing options and a smaller pool of qualified buyers.
With 66 days on market at a $1.5M price point, the property is experiencing slower absorption, suggesting the current valuation may be high for the specific cooperative ownership type.
Stepping through the threshold of this 1928 brick and stone Tudor is like falling headlong into the pages of a classic romance. While the neighborhood pulses with the modern energy of 12 South, this home remains a soulful sanctuary, untouched by the clinical coldness of new construction. It is a place of whispered secrets and soaring inspiration, once owned by an award-winning author who surely drew magic from these very walls. Every room is a love letter to craftsmanship, flooded with an ethereal natural light that dances across original hardwood floors. The heart of the home, a grand living space anchored by a rugged exposed brick fireplace, invites you to linger long after the sun sets. Rarely do you find a home that offers this level of versatility, featuring three full primary suites that adapt perfectly to your specific lifestyle needs. Outside, the charm continues on a side porch made for slow mornings and quiet reflection, overlooking a lush corner lot with a direct view of the park. The story evolves as you discover the home’s hidden versatility. An exterior stairwell leads to a private upstairs suite—a self-contained world featuring its own living area, laundry, bedroom, and bath. Whether you envision a writer’s retreat or a lucrative short-term rental, the income potential is as captivating as the architecture. Complete with a fenced-in backyard that feels like a secret garden, this is more than a house; it is a storybook life waiting for its next protagonist. If you are searching for a home with a heartbeat, a history, and a touch of the divine, your search ends here.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 3.0 | 3.5 |
| Square foot | 3,150 | 2,315.405 |
| Lot Size | 1,307 | 1,307 |
| Price | $1.50M | $716.1K |
| Price per sq ft | $476 | $313 |
| Built year | 1928 | 2020 |
| HOA | $0 | $197 |
| Days on market | 92 | 87 |
Jun 9, 2026
$1,499,998
Initial Listing