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1490B Clairmont Pl
Nashville, TN

1490B Clairmont Pl

$1,419,200
4 bd • 4 ba • 3,283 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,419,200

Price/Sq.Ft

$432

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property boasts an excellent location in the highly desirable 37215 zip code of Nashville, known for its upscale neighborhoods and proximity to top amenities. At 3,283 square feet, it's significantly larger than the average Nashville home, offering ample space for a growing family or those who enjoy entertaining. The price per square foot of $432.29 is competitive for this premium area, especially considering the median income of $133,532 in the neighborhood, which suggests a strong local economy and potential for appreciation. The Tudor-style architecture with its distinctive white and wood exterior adds character and curb appeal, likely contributing to long-term value retention. With 4 bedrooms and 4 bathrooms, the layout is ideal for modern family living or as a high-end rental property, potentially commanding up to $2,970 per month based on current market rates for 4-bedroom homes.

The Bad

The lack of detailed information about the property's features, utilities, and systems is concerning. This absence of data makes it difficult to assess the true condition and potential hidden costs. The unknown year built raises questions about potential maintenance issues and outdated systems that may require costly upgrades. The price point of $1,419,200 is at the higher end of the market, which may limit the pool of potential buyers and could lead to a longer time on market. Additionally, at this price range, buyers typically expect high-end finishes and modern amenities, which we cannot confirm without more details.

The Ugly

The property's high price tag of $1,419,200 translates to significant monthly ownership costs. Assuming a 20% down payment and a 30-year fixed mortgage at 3.5% interest, the monthly mortgage payment alone would be around $5,100. Adding property taxes (estimated at 1% of property value annually), insurance, and maintenance costs could bring the total monthly ownership expenses to approximately $7,500-$8,000. This high cost of ownership may be challenging even for households at the median income level of $133,532. The lack of information on the home's age and systems could hide potential major expenses, such as roof replacement, HVAC upgrades, or foundation issues, which could easily run into tens of thousands of dollars. The rapid growth in Nashville's real estate market also poses a risk of a potential market correction, which could impact future appreciation.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for high-income professionals or families earning well above the area's median income of $133,532, ideally with a household income of $250,000 or more to comfortably afford the monthly costs. It's ideal for those who prioritize location and space over having the latest amenities or a turn-key property. The home would appeal to buyers who appreciate traditional architectural styles and are willing to potentially invest in updates or customizations. It's also suitable for real estate investors looking for high-end rental properties in premium Nashville neighborhoods, with potential for strong rental income and long-term appreciation.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets due to its high price point and potential for additional investment in updates or maintenance. It's not ideal for buyers looking for a modern, move-in ready home with all the latest amenities, as the lack of information suggests it may need updates. The property wouldn't suit those seeking a low-maintenance lifestyle, as larger homes typically require more upkeep. It's also not appropriate for investors looking for immediate high cash flow, as the high purchase price may result in negative cash flow if used as a rental property in the short term.
Demographics
Area Median Income

$133,532

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Risk Assessment

Risk Analysis

The unknown construction year poses a significant risk, as older homes can have issues with outdated electrical systems, plumbing, or structural integrity. Nashville's booming real estate market carries the risk of a potential bubble, which could affect future appreciation. The area's rapid development may lead to increased property taxes and changing neighborhood dynamics. Climate risks in Nashville include potential for flooding in some areas and severe storms, which could impact insurance costs. The high price point puts the property at risk of longer market times if economic conditions change. Lastly, the lack of detailed information about the property's features and condition could hide potential costly issues that may only become apparent after purchase.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,410,398

-0.6% below list price

Median Price

$1,178,000

Based on 6 recent sales

Price per Sq.Ft

$418

Comparable Properties

1777 Hillmont Dr, Nashville, TN 37215
Price: $1,100,000
Sq.Ft: 3,243
Beds/Baths: 4/4
$/Sq.Ft:
$33921.5%
Sale Date: 11/21/2024
1919B Overhill Dr, Nashville, TN 37215
Price: $950,000
Sq.Ft: 3,405
Beds/Baths: 4/4
$/Sq.Ft:
$27935.5%
Sale Date: 10/10/2024
4107b Lone Oak Road, Nashville, TN 37215
Price: $1,178,000
Sq.Ft: 3,164
Beds/Baths: 4/4
$/Sq.Ft:
$37213.9%
Sale Date: 9/19/2024
921 Sutton Hill Rd, Nashville, TN 37204
Price: $1,695,000
Sq.Ft: 3,728
Beds/Baths: 4/4
$/Sq.Ft:
$4555.2%
Sale Date: 10/14/2024
4112A Lone Oak Rd, Nashville, TN 37215
Price: $959,390
Sq.Ft: 3,343
Beds/Baths: 5/4
$/Sq.Ft:
$28733.6%
Sale Date: 8/29/2024
1103 Montrose Ave, Nashville, TN 37204
Price: $2,580,000
Sq.Ft: 3,316
Beds/Baths: 4/4
$/Sq.Ft:
$77880.0%
Sale Date: 8/23/2024

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