$300K 'Bomb Shelter' Home Draws Multiple Offers From Developers

Posted at 8:04 PM, Jul 25, 2017
and last updated 2017-07-25 21:04:10-04

A unique foundation home or bomb shelter-like home has garnered the attention of developers due to its valuable location in Nashville.

Realtor Karen Hoff knew the home at 808 Shelby Avenue wasn't the typical East Nashville listing.

"The initial reaction from people is, 'You're selling a bomb shelter?'" Hoff said. "But no, it's a basement home, which is not typical of this area."

The home looks like a foundation from the street. It's painted bright white, with a flat roof. If you're driving by, it mostly looks like a vacant lot.

But inside, there are three bedrooms, a bathroom, kitchen, and living room. Dark, wood paneling lines the walls and there are huge windows to let light in.

The design is bizarre but neat inside and out.

"You'd have to have a lot of creativity to renovate this," Hoff said. "You could've made it a little adobe house. It's a concrete box, there's nothing you couldn't do to it."

It's history has some spunk too.

"It was built in 1922, and former Nashville mayor Bill Boner was raised here by his mother," Hoff said. "So it's got a little pedigree, which is cute."

But the home is rundown, and would need extensive renovations. That's why Hoff said she knew exactly what would happen when she put it on the market about a month ago.

"I knew in my heart it'd be developed," she said.

Within one week of listing the property, Hoff had four developers make offers. All planned to tear the home down and start from scratch.

Hoff expects to close on one of those offers in August. The lot is zoned for one or two family housing.