1604 Norvel Ave Nashville, TN 37216

3 beds · 2 baths · 1,660 sq ft · Lot Size: 9,583 sq ft · Single Family Home · Inglewood
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1604 Norvel Ave is in the Inglewood neighborhood of Nashville, TN. It is located in Davidson County and ZIP code 37216. This Single Family Home was built in 1948 and is approximately 77 years old. The single family home spans 1660 sq ft with 3 bedrooms and 2 bathrooms and sits on a 9583 sq ft lot. According to public records, it was last sold in 2019 for $356,000. The Inglewood area of Nashville has 2266 residential homes. Analyze and compare real estate investment strategies for properties like this home at 1604 Norvel Ave Nashville, TN 37216 with Property Intel by Whitepages.

Investment Potential for 1604 Norvel Ave

The property has a current estimated value of $468,998, which is 0% below the neighborhood median, based on public records. It last sold on November 08, 2019 for $356K. Projected long-term
is $31,200 annually ($2,600 per month) with a 90% occupancy rate.

Long-Term

Gross Rental
$31,200 per year($2,600 per month)
Net Operating Income
Cap Rate
Occupancy Rate
90%in 37216 zip code
 
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Owners & Occupancy for 1604 Norvel Ave

This property is owned by Randy Lee McLellan. Owner contact information includes 10 phone numbers and 6 email addresses.

Property Owners

OccupationPresident, Stitchmark
Cell Phone(615) ***-****
Residence*************
Landline(225) 753-6177+ 5 more
Distance from Property**********
Email Address*****@stitchmark.com
Cell Phone(615) ***-****
Residence*************
Landline(225) 753-6177+ 1 more
Distance from Property**********
Email Address**************@gmail.com

Property Ownership Information

Purchase DateNovember 08, 2019
Property Tax Amount$3,252 in 2023
Purchase Price$356,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1************** age 44
Resident 2****************** age 43
Resident 3************** age 43

Property Details for 1604 Norvel Ave

Property Details

Property Sq Ft

Living Area

1,660 sq ft

Compare to Inglewood

Lot Size

9,583 sq ft

Compare to Inglewood

Price Per Sq Ft

Living Area

$283 / sq ft

Compare to Inglewood

Lot Size Area

$49 / sq ft

Compare to Inglewood
Property condition, age, exterior, etc. for 1604 Norve…
Longitude: -86.71881 Latitude: 36.211495 Parcel Number (APN): 072-04-0-104…
Mortgage originated on through lender: First Citizens Nat'l Bk for$******View Mortgage Details
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Market Benchmarks

Compare data for 1604 Norvel Ave in Davidson County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$468,998
$285,914
$183,084 (64%)
$384,141
$264,842 (69%)
YoY Price Change
0.67%
-1734%
Year Built
1948
1981
-33 years
Living Space
1,660 sq ft
1,606 sq ft
54 (3%)
$ Per Living Sq Ft
$283
$169
$113 (67%)
Lot Size
9,583 sq ft
10,889 sq ft
-1306 (-12%)
$ Per Lot Sq Ft
$49
$23
$26 (116%)

Net Operating Income
$13,762
$6,607 (48%)
Annual Revenue
$31,200
$20,400
$10,800 (53%)
$5,286
$5,545 (105%)
Net Operating Income
$13,762
$6,607 (48%)
Cap Rate
4.77%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians