Updated 3 months ago on . Most recent reply
Nashville foreclosure at 17% below assessed — scoring the deal
Pulled this from my daily monitoring of Nashville foreclosure listings:
3871 Whites Creek Pike, Nashville, TN 37207
- Asking: $395,000- Tax assessed: $475,900 (17% discount)
- Suggested offer: $330,000- ARV estimate: $475,000
- Strategy: Flip
77 days on market with a price reduction. Foreclosure source adds motivation. The 37207 zip has been appreciating, but there's a variance block to block.
I scored this a 5/10 — investable but not a slam dunk.
The discount is real, but not deep enough to absorb a major rehab surprise. Would need to verify the condition before making a move.
What's your minimum discount-to-ARV threshold for flips in Nashville right now? I've been using 25%, but curious what others target.
- Jackie Carmichael
