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  • $450,000

    1602 Electric Ave, Nashville, TN 37206

    1beds
    1,320sqft
    Single Family Residence, Residential
    Built in 1953
    6,534 Square Feet Lot
    $450,500 Zestimate®
    $341/sqft
    $1,564 Estimated rent

    Home value

    $450,500

    $428,000 - $473,000

    $1,564/mo

    Zestimate® history
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    What's special

    Peaceful park-adjacent setting
    "MOTIVATED SELLER!" This "as-is, where-is" 1950s ranch-style home presents a premier development opportunity in the heart of East Nashville's Shelby Hills. Situated on a lot that directly backs up to the 300-acre Shelby Park, the property offers rare potential for high-end residential construction in a neighborhood already characterized by multimillion-dollar new builds. Original square footage of 1481 with primary bedroom and bath on primary floor with walk-in/partially finished basement, heated and cooled. Unparalleled Backyard: The rear yard backs up to Shelby Park's golf courses, disc golf, river views, and extensive trail systems. Zoning & Scale: Classified under RS5 zoning (Single-Family Residential), the ~6,534 sq. ft. lot is ideal for a luxury replacement home that matches the neighborhood's rapidly appreciating market. Investment Context: Nearby luxury listings regularly exceed $2.5M to $3M+, signaling strong demand for high-end inventory in this East Nashville pocket. Located in one of Nashville's most vibrant and sought-after communities, known for its eclectic dining, boutique shopping, and active arts scene. Minutes away from local favorites like Rosepepper Cantina, Two Ten Jack, and the Five Points hub. Enjoy a peaceful, park-adjacent setting while remaining less than 2.5 miles from Downtown Nashville and major interstate connectors like I-24. Buyer and Buyer's agent to verify all information deemed to be correct.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lori Mofield 615-564-0440,

    Benchmark Realty, LLC

    Bought with:

    Jeff Cutkomp, 379107

    Benchmark Realty, LLC

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3146898MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bedrooms: 1
    Bedroom 1
    • Area: 180 Square Feet
    • Dimensions: 9x20
    Den
    • Area: 176 Square Feet
    • Dimensions: 16x11
    Living room
    • Area: 176 Square Feet
    • Dimensions: 16x11
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Built-In Electric Oven
    • Laundry: Electric Dryer Hookup, Washer Hookup
    Features
    • Ceiling Fan(s)
    • Flooring: Carpet, Laminate
    • Basement: Exterior Entry
    • Has fireplace: No
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 1,320
    • Total interior livable area: 1,320 sqft
    • Finished area above ground: 1,320

    Property

    Parking
    • Total spaces: 2
    • Parking features: Open
    • Uncovered spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Porch, Covered, Deck
    Lot
    • Size: 6,534 Square Feet
    • Dimensions: 69 x 93
    Details
    • Additional structures: Storage
    • Parcel number: 09401045600
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence, Residential
    • Attached to another structure: Yes
    Materials
    • Frame
    • Roof: Other
    Condition
    • New construction: No
    • Year built: 1953

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Water Available, Cable Connected

    Community & HOA

    Community
    • Subdivision: Shelby Village
    HOA
    • Has HOA: No
    Location
    • Region: Nashville

    Financial & listing details

    • Price per square foot: $341/sqft
    • Tax assessed value: $429,000
    • Annual tax amount: $3,327
    • Date on market: 3/10/2026

    Price history

    DateEventPrice
    4/30/2026Sold$450,000-14.3%$341/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3146898 Report a problem
    3/31/2026Pending sale$525,000$398/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3146898 Report a problem
    3/19/2026Price change$525,000-4.5%$398/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3146898 Report a problem
    3/10/2026Listed for sale$550,000+920.4%$417/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3146898 Report a problem
    1/27/2000Sold$53,900$41/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,018 +38.3%$107,250 +60%
    2024$2,182 $67,050
    2023$2,182 $67,050
    2022$2,182 -1%$67,050
    2021$2,205 -4.2%$67,050 +23%
    2020$2,302 +33.8%$54,525
    2019$1,720 $54,525
    2018$1,720 +237.1%$54,525
    2017$510 -13.3%$54,525 +88.8%
    2016$588 $28,875
    2015-- $28,875
    2014$1,304 $28,875
    2013-- $28,875 +32%
    2012-- $21,875
    2011-- $21,875
    2010-- $21,875
    2009-- $21,875 +31.6%
    2008-- $16,625
    2007-- $16,625
    2006-- --
    2005-- --
    2004-- --
    2003-- --
    2002-- --
    2001-- --
    2000-- --
    Find assessor info on the county website

    Neighborhood: Shelby Hills

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Warner Elementary Enhanced Option
    • Middle: Thurgood Marshall Middle
    • High: Stratford STEM Magnet School Upper Campus

    Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $450,500
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $450,500