1506 Electric Ave, Nashville, TN 37206
1506 Electric Ave, Nashville, TN 37206, Active at $518,000. 0.16 acres · 6,970 sqft · $74/sq ft of lot · Cleared, Sloped, Views, Wooded.
1506 Electric Ave, Nashville, TN 37206, Active at $518,000. 0.16 acres · 6,970 sqft · $74/sq ft of lot · Cleared, Sloped, Views, Wooded.
Active · $518,000
MLS #3179480 · listed April 17, 2026 · 187 days on market · updated August 28, 2026
0.16-acre homesite at 1506 Electric Ave in Shelby Village, Nashville, $518,000 ($74/sq ft of lot), by Zeitlin Sotheby's International Realty.
1506 Electric Ave is a 0.16-acre homesite in Nashville, TN 37206, offered at $518,000.
Next step: ask Grant Hammond anything about 1506 Electric Ave (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of August 28, 2026. Realtracs via IDX.
This is a vacant homesite: lot size, price per square foot of lot, and buildability are below; interior and residence data do not apply.
More context: Nashville new construction and development.
East Nashville's most coveted lots rarely come permit-ready. This one does. Set on Electric Avenue with sweeping views of Shelby Park, the groundwork is already laid for a 4,100+ sq ft masterpiece, 6 beds, 4.5 baths, and a ground-floor mother-in-law suite with real income potential. Treetop views from every level create a calm, natural retreat that feels miles from the city, yet you're steps from Frothy Monkey, Lockeland Table, and the Shelby Park trails. Demo is done, plans are drawn, permits are pulled. All that's missing are your finishing touches. Bring your own builder or let us connect you with a trusted local team, either way, you're ready to break ground.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 1506 Electric Ave (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $518,000 | -$40,000 (-7.2%) | |
| Price change | $558,000 | -$40,000 (-6.7%) | |
| Price change | $598,000 | -$22,000 (-3.5%) | |
| Listed | $620,000 | ||
| Deed recorded | $440,000 | ||
| Quitclaim deed | $0 | ||
| Deed recorded | $54,500 | ||
| Quitclaim deed | $0 | ||
| Deed recorded | $12,400 |
Listed April 17, 2026, this listing has been on the market 187 days as of October 21, 2026. The price has been reduced 3 times, from $620,000 to $518,000 (-16.5%). The most recent change was first seen on our daily record September 15, 2026.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
The Davidson County Assessor's appraised value of 1506 Electric Ave by year: $32,300 in 1999 to $380,000 in 2025, a change of +1076%. Appraised value is the county's figure for taxation, not a market value or a sale price.
| Year | Land | Building | Yard items | Total | Category |
|---|---|---|---|---|---|
| 2025 | $380,000 | $0 | $0 | $380,000 | ROLL |
| 2024 | $180,000 | $0 | $0 | $180,000 | ROLL |
| 2021 | $180,000 | $50,000 | $0 | $230,000 | ROLL |
| 2017 | $140,000 | $45,100 | $0 | $185,100 | ROLL |
| 2013 | $25,000 | $32,700 | $0 | $57,700 | ROLL |
| 2009 | $20,000 | $36,100 | $0 | $56,100 | ROLL |
| 2006 | $14,000 | $34,000 | $0 | $48,000 | ROLL |
| 2005 | $14,000 | $40,300 | $0 | $54,300 | ROLL |
| 2001 | $12,000 | $24,000 | $0 | $36,000 | JUNE |
| 2000 | $7,500 | $24,800 | $0 | $32,300 | ROLL |
| 1999 | $7,500 | $24,800 | $0 | $32,300 | ROLL |
Source: Davidson County Assessor of Property, historical appraisal record, as recorded; totals are the county's own figures. Davidson County reappraises every four years (most recently 2025); other years reflect changes recorded between reappraisals.
Financing a homesite differs from a home mortgage, lot/land loans typically require a larger down payment and a shorter term, and many buyers pay cash or use build-to-permanent financing. Ongoing cost is property tax on the assessed land value. Estimate only; not a loan offer.
| List price | $518,000 |
|---|---|
| Property tax basis | Assessed land value × the county assessment ratio (varies by land classification) × the Metro Nashville / Davidson County rate |
The evidence behind that pricing read:
1506 Electric Ave sits in Shelby Village, Nashville, Davidson County.
Approximately 2.2 miles from downtown Nashville (straight-line distance).
Get the full details, recent comparable sales, and any off-market options for 1506 Electric Ave - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 1506 Electric Ave, by price and size.
Listed by Lindy Sherer, Zeitlin Sotheby's International Realty. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
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As of the latest update (August 28, 2026), 1506 Electric Ave, Nashville is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
1506 Electric Ave was listed on April 17, 2026 and has been on the market 187 days as of October 21, 2026, per Realtracs.
Yes. It was first listed at $620,000. The price has been reduced 3 times, most recently to $518,000 by September 15, 2026, a total change of -16.5%.
1506 Electric Ave, Nashville is listed at $518,000, about $74 per square foot of lot across 0.16 acres.
0.16 acres (6,970 sqft).
About $74 per square foot of lot.
1506 Electric Ave, Nashville is in the Shelby Village subdivision of Nashville.
No HOA dues are reported for this homesite.
1506 Electric Ave, Nashville is a homesite; buildability depends on zoning, available utilities, and topography, confirm with the county before purchase. Ask Grant Hammond about new-construction and short-term-rental development potential.
Request a walkthrough of the parcel or submit an offer through the form on this page, or call or text Grant Hammond, Compass RE, at (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
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