1621 S Observatory Dr, Nashville, TN 37215
1621 S Observatory Dr, Nashville, TN 37215, Pending at $897,000 ($240/sq ft). 3 bd · 3.5 ba (3 full, 1 half) · 3,742 sqft · $240/sqft · 0.26 ac.
1621 S Observatory Dr, Nashville, TN 37215, Pending at $897,000 ($240/sq ft). 3 bd · 3.5 ba (3 full, 1 half) · 3,742 sqft · $240/sqft · 0.26 ac.
Pending · $897,000
MLS #3516271 · listed August 5, 2026 · 55 days on market · updated October 22, 2026
3-bed, 3.5-bath home at 1621 S Observatory Dr in Green Hills, Nashville, 3,742 sqft, $897,000 ($240/sqft), by Compass.
Status: this home is currently under contract, per Realtracs as of October 22, 2026.
1621 S Observatory Dr is a 3-bedroom, 3.5-bath home in Nashville, TN 37215, offered at $897,000, about $240/sq ft across 3,742 sq ft.
At $240/sq ft, this home is about 57% below the Green Hills median list price per square foot of $555.
Recently sold in Green Hills: 11 comparable homes from $617,500 to $1,150,000, a median of $451/sq ft.
Market read: the Nashville 37215 homes market is balanced as of October 15, 2026, at about 4.9 months of inventory; recent sales have closed near 97.1% of list in the 12 months to October 23, 2026.
All-in, about $5,987/mo at 20% down (7.50% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $969/mo, roughly 16% of the all-in monthly payment.
At the current 7.50% 30-year rate, principal and interest on this home runs about $5,018/mo; at the 6.71% rate of about three months ago it would be roughly $4,635/mo, so monthly P&I is about $383 higher now.
School zone: assigned to Percy Priest Elementary, John Trotwood Moore Middle, Hillsboro Comp High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 1621 S Observatory Dr (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of November 14, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
Wonderful opportunity on a very desirable Green Hill street with convenience, history and character. Charming home with 3bds/3.5 baths on two levels. Primary suites on both main level and second level. Main level Office/Florida Room could easily be a 4th bedroom. Additional living space in the large, walk-out basement. Fenced back yard with a detached one car garage. Bring your vision to make light updates or bring your builder to complete a custom historic renovation. Come see today! Rare air on S Observatory walkable to Lipscomb University, Green Hills shopping and Belmont Blvd.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 1621 S Observatory Dr (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Pending | |||
| Price change | $897,000 | -$100,000 (-10.0%) | |
| Back on market | |||
| Under contract | |||
| Price change | $997,000 | -$28,000 (-2.7%) | |
| Listed | $1,025,000 | ||
| Quitclaim deed | No price recorded | ||
| Deed recorded | $605,000 | ||
| Deed recorded | $124,000 | ||
| Deed recorded | $105,000 |
Listed August 5, 2026, this listing was on the market 55 days before it went under contract. It was originally listed at $1,025,000; the last asking price was $897,000 (-12.5%). It returned to active status on October 12, 2026. It went under contract on September 29, 2026 and has been pending, no longer showing, since October 22, 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 1621 S Observatory Dr by year: $181,600 in 1999 to $909,500 in 2025, a change of +401%. 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 | $440,000 | $466,800 | $2,700 | $909,500 | ROLL |
| 2021 | $325,000 | $361,600 | $2,400 | $689,000 | ROLL |
| 2017 | $280,000 | $261,700 | $1,800 | $543,500 | ROLL |
| 2013 | $210,000 | $196,300 | $1,800 | $408,100 | ROLL |
| 2010 | $220,000 | $180,000 | $0 | $400,000 | ROLL |
| 2009 | $220,000 | $207,200 | $1,300 | $428,500 | INF |
| 2005 | $115,000 | $164,800 | $1,300 | $281,100 | ROLL |
| 2001 | $81,000 | $155,500 | $1,300 | $237,800 | ROLL |
| 2000 | $66,800 | $112,400 | $1,200 | $181,600 | ROLL |
| 1999 | $66,800 | $112,400 | $1,200 | $181,600 | 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.
Estimated monthly ownership for 1621 S Observatory Dr at $897,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $897,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 1621 S Observatory Dr is about $5,987/mo, 20% down on a 30-year fixed at 7.50% (a conforming loan), including principal & interest $5,018, estimated property tax $520, homeowners insurance $449. Estimate only; not a loan offer.
| Principal & interest | $5,018/mo |
|---|---|
| Property tax (est.) | $520/mo |
| Homeowners insurance (est.) | $449/mo |
| Estimated total | $5,987/mo |
Assumes 20% down, 30-year fixed at 7.50% (Mortgage News Daily, as of November 13, 2026). Property tax uses the Davidson County General Services District rate at the 25% TN residential ratio. Estimate only; not a loan offer or appraisal. Enable JavaScript to adjust down payment, term, loan type, and rate.
| 30-year rate | Principal & interest | Est. total / mo | vs current |
|---|---|---|---|
| 6.50% | $4,536/mo | $5,505/mo | -$482/mo |
| 7.00% | $4,774/mo | $5,743/mo | -$244/mo |
| 7.50% | $5,018/mo | $5,987/mo | current |
| 8.00% | $5,265/mo | $6,234/mo | +$247/mo |
| 8.50% | $5,518/mo | $6,487/mo | +$500/mo |
Principal & interest on a 30-year fixed at 20% down ($717,600 loan), with property tax, insurance held constant at $969/mo. Current 30-year fixed 7.50% (Mortgage News Daily, as of November 13, 2026). Estimate only; not a loan offer.
Owning 1621 S Observatory Dr runs about $5,987/mo all-in, from the payment estimate above. Whether buying beats renting turns on how long you stay, how fast prices and rents move, and the rent you would otherwise pay. Turn on JavaScript to model those assumptions and find the year buying pulls ahead.
Method: net cost to own equals down payment plus about 3% closing plus payments made, minus equity built (principal paid and appreciation) and about 7% exit costs, measured against cumulative rent. Broker commissions are not set by law and are fully negotiable. Estimate only; not financial advice.
| Metric | This home | Green Hills active | Recently sold |
|---|---|---|---|
| Price / sq ft | $240 | $555 median | $451 median |
| Price position | 0th pctile | -57% vs median | ~97.1% of list |
| Green Hills vs Nashville 37215 area | - | +40% | - |
| Recent closings | - | - | 11 sales |
This listing beside the active Green Hills market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of November 14, 2026.
At $240/sq ft, this home is among the lowest-priced of the 33 active homes in Green Hills by price per square foot (0th percentile).
Prices per square foot in Green Hills run about 40% above Nashville 37215 area.
Taken together, this home is priced toward the lower end per square foot for Green Hills.
Computed by Grant Hammond from 33 Green Hills comparables (Realtracs via IDX), as of November 14, 2026, refreshed weekly.
Median list price per square foot for active single-family homes by high-school attendance zone. Attendance zones cross city mailing lines; this is a price comparison, not a rating.
| High-school zone | Median $/sq ft |
|---|---|
| Hillsboro | $460/sq ft |
| Stratford | $369/sq ft |
| Pearl-Cohn | $318/sq ft |
| Maplewood | $317/sq ft |
| Glencliff | $282/sq ft |
| James Lawson | $273/sq ft |
| John Overton | $263/sq ft |
| McGavock | $236/sq ft |
| Hunters Lane | $233/sq ft |
| Whites Creek | $233/sq ft |
| Cane Ridge | $220/sq ft |
| Antioch | $212/sq ft |
Computed by Grant Hammond from active Davidson County listings (Realtracs via IDX).
| Active listings | 124 in Nashville 37215 homes |
|---|---|
| Recent absorption | about 25.3 sales / mo |
| Months of inventory | 4.9 months, a balanced market |
Over the past 12 months, homes in Nashville 37215 homes sold at about 97.1% of list price.
Recorded sales in Nashville 37215 homes: 55 in the past 12 months.
Supply-side and recent-sale context for Nashville 37215 homes. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37215 homes closings. Source Realtracs via IDX, as of October 15, 2026.
1621 S Observatory Dr sits in Green Hills, Nashville, Davidson County.
In Green Hills, homes there are priced around $555 per square foot; inventory in Nashville 37215 homes is running at about 4.9 months, a balanced market; recent sales closed near 97.1% of list price; 11 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 23, 2026.
Approximately 4.2 miles from downtown Nashville (straight-line distance).
1621 S Observatory Dr is zoned for Percy Priest Elementary, John Trotwood Moore Middle, Hillsboro Comp High School. Attendance zones and enrollment change, confirm current zoning with the Metro Nashville Public Schools district before relying on it.
Get the full details, recent comparable sales, and any off-market options for 1621 S Observatory Dr - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 1621 S Observatory Dr, by price and size.
Listed by D.J. Farris, Compass. 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.
Nashville housing market 2026 outlook shows rising inventory, rate-sensitive buyers, and county-level divergence between Davidson and Williamson Counties.
September 2026 Middle Tennessee real estate data shows active inventory up 8% year over year to 14,249 homes, months of supply at 5.41, and the average sale price up 5% to $631,993 while the median rose 2% to $444,169. Preliminary closings and listing counts will revise; this post updates October 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
August 2026 Middle Tennessee real estate data shows active inventory up 10% year over year to 14,294 homes, months of supply at 5.59, and the average sale price up 3% to $637,141 while the median held flat at $450,000. Preliminary closings and listing counts will revise; this post updates September 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
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As of the latest update (November 14, 2026), 1621 S Observatory Dr, Nashville is under contract and no longer being shown, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
1621 S Observatory Dr was listed on August 5, 2026 and went under contract on September 29, 2026, after 55 days on the market, per Realtracs.
Yes. It was originally listed at $1,025,000; the asking price is now $897,000 (-12.5%).
1621 S Observatory Dr, Nashville is listed at $897,000, about $240 per square foot across 3,742 square feet.
3 bedrooms and 3.5 bathrooms (3 full, 1 half).
About $240 per square foot ($897,000 across 3,742 sqft).
1621 S Observatory Dr, Nashville was built in 1931.
Yes, 1 garage spaces, per the listing.
No HOA dues are reported for this home.
1621 S Observatory Dr, Nashville is in the Green Hills subdivision of Nashville.
About $5,987 a month with 20% down on a 30-year fixed at 7.50%, principal and interest $5,018, estimated property tax $520, insurance $449. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
1621 S Observatory Dr, Nashville is zoned for Percy Priest Elementary, John Trotwood Moore Middle, Hillsboro Comp High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 1621 S Observatory Dr, Nashville is a standard residential home, not a permitted short-term rental. Ask Grant Hammond about STR-eligible inventory if that is your goal.
Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.
Grant Hammond, Compass RE, can prepare and present your offer, walk you through price, contingencies, and timeline, and represent you through closing. Start with the form on this page or call (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, for a disclosure packet, recent comparable sales, and any off-market options.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
At about $240 per square foot, 1621 S Observatory Dr, Nashville ranks in the 0th percentile of active Green Hills listings by price per square foot, roughly 57% below the Green Hills median; recent comparable sales in Green Hills closed near $451 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37215 homes market is currently balanced, at about 4.9 months of inventory; recent sales have closed near 97.1% of list price over the past year, per Realtracs as of October 15, 2026.
Thinking of selling in Green Hills?
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