A grand, historic home located at 4220 Franklin Pike, Nashville, TN 37204 is the House of the Week. “From Indian lore to civil war battles, this incredible one of a kind property is a dream home for history buffs,” according to listing agent Melanie Baker with Zeitlin & Co., Realtors. The house has four bedrooms, two bathrooms, and 3,148 square feet of living space priced at $995,000. It is, “nestled on 2.3 acres of mature trees and gardens.”
Our featured house of the week was just listed days ago in an incredibly desirable area near downtown at 333 22nd Avenue North, Nashville, TN 37203. The location is between West End Avenue and Charlotte Pike close to several medical centers and other offices. The house was built in 1899, and according to the MLS listing has 3,527 square feet. The tax records have that figure at 5,613 square feet from multiple additions that were made to the original structure. One of those additions has literally collapsed to the ground, and another is sagging badly and is not salvageable. I think the listing agent, Patricia Corcoran with Allison James Estates and Homes of Tennessee, went ahead and deducted the collapsed square footage to arrive at her more accurate figure. I went to view this property within an hour after seeing that it was for sale. Why the urgency? It is priced at only $239,000.
Despite the very poor condition of the building, the price is very enticing. Metro Nashville’s tax appraisal for the land alone is $273,000, and their assessments have been lagging behind the market values for the inner-ring neighborhoods for about two years. Adding just a minimal value for the original structure easily puts this property over $300,000.
The property is zoned MUG-A (mixed use, general, alternative), which according to Metro Planning is, “Intended for a moderately high intensity mixture of residential, retail, and office uses.” The location would be perfect for a law, medical, or accounting office. The building could even house a small design or marketing firm. MUG-A zoning provides the opportunity for creative uses of the space, including making the top floor and basement levels residential units, while the main floor is an office.
1. Stunning Container House: This Kansas City, Missouri home is by far the most beautiful dwelling I have seen constructed from shipping containers. The architecture firm BNIM helped owner Debbie Glassberg design Home Contained, her concept to, “Build for live, work, and stay.” Different building designs including, schools, hotels, and businesses can also be customized according to their website. Her team is, “hard at work on perfecting the configurations that make Home Contained a site-ready solution…bringing simple, bold, and beautiful solutions to a site near you.”
photos from homecontained.com
A great city is made of great neighborhoods, and great neighborhoods are made of great streets. As Nashville, TN climbs the rankings of the best cities in America, let’s take time to look at Music City’s best streets. Certainly there are many contenders to choose from, but these are The Five Most Beautiful City Streets in Nashville, TN:
5. Oakland Avenue Nashville, TN 37212. Located in the Belmont-Hillsboro neighborhood, this charming avenue has consistent historic housing evenly set back on both sides of the quiet street. There are a nice variety of styles that include bungalows, tudors, and four squares. The neighborhood was listed on the National Register of Historic Places in 1980, and its central location is convenient to Music Row, downtown, and the 12 south district. Oakland Ave. has gentle hills, typical of the contours of Nashville’s terrain. Several of the lots are raised above the street level, with sets of stairs leading from the public sidewalk to the porches and front doors. When paired with the surrounding mature trees, the elevated properties create a calming sense of containment. The neighborhood is in high demand and properties command prices per square foot that are near the top of all Nashville neighborhoods. There are currently no houses for sale on Oakland Ave.
The featured House of the Week is 3828 Richland Avenue, Nashville, TN 37205. This three-story home has five bedrooms, two full baths, two half baths, and a total of 3,205 square feet. The listing price is $874,800 and the listing agent is Tracy Barton with Neal Clayton Realtors. She describes it as a, “Beautiful historic home with graciously sized rooms,” and, “a true delight!” The white stucco exterior and terra cotta tile roof create a unique mix of Mediterranean and traditional craftsman styles. It has a distinctive appearance that is rarely encountered in Nashville’s housing stock.
This week, the spotlight turns to 1007 Iverson Avenue, Nashville, TN for our featured House of the Week. This classic brick tudor was built in 1930 and has three bedrooms and three bathrooms. The list price of $199,900 represents a solid value for 1,536 square feet, at $130 per sq. ft. The listing agent, Amanda Bell of At Home Realty, notes the “high ceilings, and unfinished basement for storage or easy expansion.”
This week our featured house is 1128 3rd Avenue South in Nashville, TN. The substantial two-story brick structure is priced at $975,000 and has 3,600 square feet. The listing real estate agent Robert Wagner of Benchmark Realty is also the owner according to the tax records. He recently had the zoning changed to MUN-A (mixed use, neighborhood, alternative), which includes live/work options, and uses such as restaurant, office, recording studio, coffee shop, or home.
The wide range of potential uses is what makes this zoning so favorable in the eyes of investors. Interestingly, the appraised value by the county tax assessor is only $181,800. While the tax record appraisals are certainly lagging behind the current market values for Nashville’s urban neighborhoods, I doubt that the fair market value is almost $800,000 more.