1501 Electric Ave, Nashville, TN 37206
1501 Electric Ave, Nashville, TN 37206, sold for $1,125,000 on December 27, 2023 ($390/sq ft). 4 bd · 4 ba · 2,881 sqft · $390/sqft.
1501 Electric Ave, Nashville, TN 37206, sold for $1,125,000 on December 27, 2023 ($390/sq ft). 4 bd · 4 ba · 2,881 sqft · $390/sqft.
Sold December 27, 2023 · $1,125,000
MLS #2574341 · listed September 22, 2023 · updated June 19, 2026
4-bed, 4-bath home at 1501 Electric Ave in Shelby Hills, Nashville, 2,881 sqft, sold for $1,125,000 on December 27, 2023 ($390/sqft), listed by Compass Tennessee, LLC.
1501 Electric Ave, a 4-bedroom, 4-bath home in Nashville, TN 37206, sold for $1,125,000 on December 27, 2023, $25,000 (2.2%) below its last list price of $1,150,000, after 70 days on market, well over the Shelby Hills 12-month median of 20 days. At about $390/sq ft across 2,881 sq ft, the sale was about 10% above the Nashville 37206 median active list price of $356/sq ft and about 7% above the $365/sq ft median of 5 comparable home closings in the past year. It closed about 11% above its $1,016,800 county appraised value. There are 6 active listings in Shelby Hills as of October 31, 2026, and sales there have closed near 100% of list in the 12 months to November 1, 2026.
Since this sale, homes in Nashville 37206 sold for a median $392/sq ft in the 12 months to November 1, 2026, up 7.4% from $365/sq ft in the 12 months to December 27, 2023, when this home closed (336 and 309 closings, per Realtracs). That is a measure of the area, not a value for this home.
Leading signal: homes under contract in Nashville 37206 on November 1, 2026 were listed at a median $368/sq ft, 8.7% below the median list price of $403/sq ft for those that closed there in the six months to November 1, 2026 (27 under contract, 174 closed, per Realtracs). These are asking prices, not sale prices: a direction, not a forecast.
Want a current value for this home? Ask Grant Hammond for a comparative market analysis.
The sale price was about 11% above its $1,016,800 county appraised value on the county record.
Timeline: listed September 22, 2023, under contract December 1, 2023 after 70 days on market, closed December 27, 2023, per Realtracs. It closed 9.9% below its original list price of $1,249,000.
Time to sell: 70 days on market, well over the 12-month median of 20 days for Shelby Hills home sales (11 closings with a recorded listing period, per Realtracs).
Recent closings in Shelby Hills: 5 comparable homes from $749,900 to $1,395,900, a median of $365/sq ft; this sale at $390/sq ft is about 7% above that median.
Market read: the Shelby Hills market is balanced as of October 31, 2026, at about 3.3 months of inventory; sales there have closed near 100% of list in the 12 months to November 1, 2026.
Next step: ask Grant Hammond about homes for sale near 1501 Electric Ave or what this sale means for a home you own nearby; he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales and hundreds of millions in luxury closings. Sale per Realtracs via IDX; figures as of June 19, 2026.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
MUST SEE! Modern new build in highly sought-after location! Right next to Shelby Park in Shelby Hills! Gorgeous views of the park and the skyline from the rooftop deck. Brand new construction and move-in ready! Oversized, attached 2 car garage, mother-in-law/apartment on first floor (could be used as short term rental!), slab kitchen cabinets with oversized windows & butler's pantry, master bed with custom trim and concrete fireplace, his & hers walk-in closets, huge bonus room with wet-bar and spiral staircase leading to rooftop deck, fabulous corner lot with great flat yard space & privacy fence! The ultimate entertaining house! Walk to everything!
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 1501 Electric Ave (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Off market | |||
| Closed | $1,125,000 | -$124,000 (-9.9%) vs list | |
| Under contract | |||
| Listed | $1,249,000 |
Listed September 22, 2023, this listing was on the market 70 days before it went under contract. It closed on December 27, 2023 for $1,125,000 (-$124,000 (-9.9%) against the last list price).
County assessment from county public records; listing-cycle history tracked by the GH Market Engine.
1501 Electric Ave sold for $1,125,000 on December 27, 2023, $25,000 (2.2%) below its last list price of $1,150,000. This home is no longer for sale; the figures below are the recorded sale, per Realtracs.
| Closing price | $1,125,000 |
|---|---|
| Closed | |
| Listed | |
| Under contract | |
| Days on market | 70 (listing to contract) |
| Original list price | $1,249,000 |
| Last list price | $1,150,000 |
| Sale to list price | 97.8% |
| Area median days on market (12 mo) | 20 days, Shelby Hills (11 closings) |
| County appraised value | $1,016,800 |
| Sale vs. appraised value | +11% |
| Price per sq ft at closing | $390 |
Closing price and date per Realtracs via IDX. Not an estimate of current value.
| Metric | This home | Nashville 37206 active | Recently sold |
|---|---|---|---|
| Sale price / sq ft | $390 | $356 median | $365 median |
| Price position | - | +10% vs median | ~100% of list |
| Recent closings | - | - | 5 sales |
This sale beside the active Nashville 37206 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of November 1, 2026.
Its sale at $390/sq ft compares with a median of $356/sq ft across the 271 active homes in Nashville 37206 as of November 1, 2026.
Computed by Grant Hammond from 271 Nashville 37206 comparables (Realtracs via IDX), as of November 1, 2026.
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 null County listings (Realtracs via IDX).
| Active listings | 6 in Shelby Hills |
|---|---|
| Recent absorption | about 1.8 sales / mo |
| Months of inventory | 3.3 months, a balanced market |
Over the past 12 months, homes in Shelby Hills sold at about 100% of list price.
Recorded sales in Shelby Hills: 17 in the past 12 months.
Supply-side and recent-sale context for Shelby Hills. Sale figures are trailing 6/12/24-month medians of recorded Shelby Hills closings. Source Realtracs via IDX, as of October 31, 2026.
1501 Electric Ave sits in Shelby Hills, Nashville, null County.
In Nashville 37206, homes there are priced around $356 per square foot; inventory in Shelby Hills is running at about 3.3 months, a balanced market; recent sales in Shelby Hills closed near 100% of list price; 5 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of November 1, 2026.
Approximately 2.1 miles from downtown Nashville (straight-line distance).
Get the full details, recent comparable sales, and any off-market options for 1501 Electric Ave. This home has sold; ask about similar homes for sale nearby or what this sale means for a home you own. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable homes that closed near 1501 Electric Ave in the past 12 months, by price and size. Closing prices per Realtracs.
Comparable listings near 1501 Electric Ave, by price and size.
Listed by Jessica Randolph, Compass Tennessee, LLC. 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.
July 2026 Middle Tennessee real estate data shows the average sale price up 6% year over year to $646,875, active inventory up 9%, and new contracts down 1% even as closings fell 8% and new listings dropped 19%. Months of supply rose to 4.92. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
No. 1501 Electric Ave, Nashville sold for $1,125,000 on December 27, 2023, per Realtracs. Ask Grant Hammond, Compass RE, about homes for sale nearby.
1501 Electric Ave was listed on September 22, 2023 and went under contract on December 1, 2023, after 70 days on the market, per Realtracs.
No. The asking price has been $1,249,000 since it was listed on September 22, 2023.
$1,125,000, closing on December 27, 2023, $25,000 (2.2%) below its last list price of $1,150,000; about $390 per square foot across 2,881 square feet.
Below. It sold for $1,125,000, $25,000 (2.2%) below its last list price of $1,150,000 and 9.9% below its original list price of $1,249,000, per Realtracs.
Since the sale, homes in Nashville 37206 sold for a median $392/sq ft in the 12 months to November 1, 2026, up 7.4% from $365/sq ft in the 12 months to December 27, 2023, when this home closed (336 and 309 closings, per Realtracs). That is a measure of the area, not a value for this home.
Homes under contract in Nashville 37206 on November 1, 2026 were listed at a median $368/sq ft, 8.7% below the median list price of $403/sq ft for those that closed there in the six months to November 1, 2026 (27 under contract, 174 closed, per Realtracs). These are asking prices, not sale prices: a direction, not a forecast.
It sold for $1,125,000, about 11% above its $1,016,800 county appraised value on the county record.
4 bedrooms and 4 bathrooms.
Year built is not reported.
1501 Electric Ave, Nashville is in the Shelby Hills subdivision of Nashville.
70 days on market from listing to contract, well over the 12-month median of 20 days for Shelby Hills home sales (11 closings with a recorded listing period, per Realtracs).
At about $390 per square foot, it sold about 7% above the $365 median of 5 recent comparable closings in Shelby Hills, per Realtracs. Computed by Grant Hammond.
Ask Grant Hammond, Compass RE, through the form on this page or call or text (615) 945-7123; he can send active listings and recent sales in Shelby Hills as they come up.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales and hundreds of millions in luxury closings. Use the question form on this page.
Own a home near 1501 Electric Ave?
This home sold for $1,125,000 on December 27, 2023. Grant Hammond, Compass RE, can show what yours could sell for, from this sale and the other recent closings in Shelby Hills.
