1516 Forest Ave Nashville, TN 37206
Five Points Neighborhood
3
Beds
1
Bath
1,441
Sq Ft
10,454
Sq Ft Lot
Highlights
- Wood Flooring
- Cooling Available
- Level Lot
- No HOA
- Partially Fenced Property
- Heating System Uses Natural Gas
About This Home
As of February 2024NOTE: THERE IS A LOT OF ADDITIONAL INFO IN THE UPLOADED PDFs & LINKS IN THE MLS (including an itemization of $27K in Improvements). Ask your REALTOR to provide that info. An exceptional opportunity awaits to own a residence in the sought-after and historic Lockeland Springs neighborhood of Nashville. Situated on an unusually spacious piece of land (it's one and half lots). Explore the copyrighted architectural renderings by "NINE12 Architects" showcasing the potential for expanding the square footage, allowing you to elevate this property (one of the few on the street with a driveway) to new heights. Because the lot is so large and zoned R6, you can build a DADU with a 1,000sf footprint. The apartment cannot be more than 700sf but that gives you a lot of options. You could also build a duplex but it would have to be attached to the house and appear to be one house. Historic will not support building two detached homes. Buyer/Buyer's agent to verify all info.
Last Agent to Sell the Property
Compass Tennessee, LLC Brokerage Phone: 8187237351 License #331120 Listed on: 11/24/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,662
Year Built
- Built in 1930
Lot Details
- 10,454 Sq Ft Lot
- Lot Dimensions are 71x150
- Partially Fenced Property
- Level Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,441 Sq Ft Home
- Property has 2 Levels
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms | 2 Main Level Bedrooms
- 1 Full Bathroom
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Driveway
Schools
- Lockeland Elementary School
- Stratford Stem Magnet School Lower Campus Middle School
- Stratford Stem Magnet School Upper Campus High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- Lockeland Springs Subdivision
Listing and Financial Details
- Assessor Parcel Number 08309039200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 24, 2023
Closed on
Feb 6, 2024
Sold by
Mason Stephen D and Mason Judith M
Bought by
Tbg Renovations Llc
Seller's Agent
George Rowe
Compass Tennessee, LLC
Buyer's Agent
Sonja Lowell
Compass RE
List Price
$750,000
Sold Price
$695,000
Premium/Discount to List
-$55,000
-7.33%
Views
121
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%
Original Mortgage
$1,190,000
Outstanding Balance
$1,174,719
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
-$456,206
Purchase Details
Closed on
Feb 10, 2020
Sold by
Mason Stephen and Mason Stephen D
Bought by
Mason Stephen D and Mason Judith M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.72%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 1, 2009
Sold by
Hornsby James A
Bought by
Mason Stephen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
4.81%
Mortgage Type
Unknown
Purchase Details
Closed on
May 23, 2000
Sold by
Owens Thomas
Bought by
Hornsby James A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
8.14%
Purchase Details
Closed on
Jun 4, 1999
Sold by
Deering Christine Owens
Bought by
Owens Thomas and Owens Billie Christian
Similar Homes in Nashville, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $695,000 | Wagon Wheel Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $165,000 | Wagon Wheel Title | |
| Warranty Deed | $95,000 | -- | |
| Interfamily Deed Transfer | -- | Saturn & Mazer Title Svcs In | |
| Interfamily Deed Transfer | -- | Saturn & Mazer Title Svcs In | |
| Interfamily Deed Transfer | -- | Saturn & Mazer Title Svcs In |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $100,000 | Construction | |
| Open | $1,190,000 | New Conventional | |
| Previous Owner | $240,000 | New Conventional | |
| Previous Owner | $110,000 | Commercial | |
| Previous Owner | $140,000 | New Conventional | |
| Previous Owner | $132,000 | Unknown | |
| Previous Owner | $66,797 | Unknown | |
| Previous Owner | $68,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2025 06/29/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | For Sale | $1,950,000 | +180.6% | $529 / Sq Ft |
| 02/06/2024 02/06/24 | Sold | $695,000 | -7.3% | $482 / Sq Ft |
| 12/21/2023 12/21/23 | Pending | -- | -- | -- |
| 11/24/2023 11/24/23 | For Sale | $750,000 | -- | $520 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,662 | $112,550 | $78,125 | $34,425 |
| 2023 | $3,662 | $112,550 | $78,125 | $34,425 |
| 2022 | $3,662 | $112,550 | $78,125 | $34,425 |
| 2021 | $3,701 | $112,550 | $78,125 | $34,425 |
| 2020 | $3,735 | $88,475 | $45,000 | $43,475 |
| 2019 | $2,791 | $88,475 | $45,000 | $43,475 |
| 2018 | $2,791 | $88,475 | $45,000 | $43,475 |
| 2017 | $2,791 | $88,475 | $45,000 | $43,475 |
| 2016 | $2,609 | $57,775 | $21,250 | $36,525 |
| 2015 | $2,609 | $57,775 | $21,250 | $36,525 |
| 2014 | $2,609 | $57,775 | $21,250 | $36,525 |
Source: Public Records
Agents Affiliated with this Home
-
Sonja Lowell
Seller's Agent in 2025
Sonja Lowell
Compass RE
(615) 812-1573
1 in this area
40 Total Sales
-
Thomas Rassas
Buyer's Agent in 2025
Thomas Rassas
Pilkerton Realtors
(615) 955-0728
1 in this area
120 Total Sales
-
George Rowe
Seller's Agent in 2024
George Rowe
Compass Tennessee, LLC
(818) 723-7351
3 in this area
39 Total Sales
Map
Source: Realtracs
MLS Number: 2595837
APN: 083-09-0-392
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