1160 Tulip Grove Rd Hermitage, TN 37076
Estimated payment $10,068/month
Highlights
- 3.8 Acre Lot
- Paved or Partially Paved Lot
- 3-minute walk to Ravenwood Park
- No HOA
- No Heating
About This Lot
Discover an exceptional development opportunity in the heart of one of the fastest-growing areas near Nashville. This fully approved 44-unit Specific Plan (SP) offers a mix of 38 detached and 6 attached homes, all thoughtfully designed with rear-loaded 2-car garages. Strategically located less than one mile from I-40, this site provides unmatched convenience to both Hermitage and Mt. Juliet, two thriving communities known for their vibrant growth, amenities, and proximity to Nashville’s downtown core. Situated just minutes from shopping, dining, and entertainment options, this property is ideally located for both builders and investors. Residents will enjoy easy access to local favorites like Percy Priest Lake for outdoor recreation, The Hermitage Golf Course, and top-tier retail hubs such as Providence Marketplace in Mt. Juliet. The property is also just a short drive from Nashville International Airport, making it perfect for those seeking a blend of suburban comfort and metropolitan connectivity. Directly across from this property, a new 400+ unit single-family neighborhood is currently under construction, signaling strong demand and a promising investment landscape. Whether you’re considering this project as a build-to-rent community or as a build-and-sell development, the numbers make sense, and the potential for return on investment is substantial. Links to the Specific Plan (SP) documents and other project details are available in the attached files for your review. Don’t miss this rare chance to create a thriving residential community in one of the region’s most desirable areas. Contact us today for more information! **This property is being offered for sale individually and also as part of a larger land assemblage from the same ownership group. Please view the "Intuition Development Land Package Video" link in the media section of this listing, along with the link to the commercial loopnet listing of the entire package.**
Listing Agent
Compass RE Brokerage Phone: 6464369452 License #328082 Listed on: 01/09/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,831
Lot Details
- 3.8 Acre Lot
- Paved or Partially Paved Lot
- Property is zoned SP
Schools
- Dodson Elementary School
- Dupont Tyler Middle School
- Mcgavock Comp High School
Community Details
- No Home Owners Association
- Hermitage / Tulip Trace Subdivision
Listing and Financial Details
- Assessor Parcel Number 08600010100
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,831 | $165,325 | $165,000 | $325 |
| 2023 | $4,831 | $165,325 | $165,000 | $325 |
| 2022 | $4,831 | $165,325 | $165,000 | $325 |
| 2021 | $3,110 | $105,325 | $105,000 | $325 |
| 2020 | $3,193 | $84,300 | $84,000 | $300 |
| 2019 | $623 | $22,625 | $22,325 | $300 |
| 2018 | $623 | $22,625 | $22,325 | $300 |
| 2017 | $623 | $22,625 | $22,325 | $300 |
| 2016 | $602 | $15,350 | $15,075 | $275 |
| 2015 | $602 | $15,350 | $15,075 | $275 |
| 2014 | $602 | $15,350 | $15,075 | $275 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2025 03/17/25 | For Sale | $1,750,000 | 0.0% | -- |
| 02/08/2025 02/08/25 | Pending | -- | -- | -- |
| 01/09/2025 01/09/25 | For Sale | $1,750,000 | +319.5% | -- |
| 04/16/2020 04/16/20 | Price Changed | $417,153 | +1.0% | -- |
| 01/25/2020 01/25/20 | Pending | -- | -- | -- |
| 01/25/2020 01/25/20 | For Sale | $413,200 | +51.9% | -- |
| 08/12/2019 08/12/19 | Sold | $272,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $502,917 | Wagon Wheel Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Special Warranty Deed | $272,000 | None Available | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $650,000 | New Conventional | |
| Previous Owner | $500,000 | Commercial |
Source: Realtracs
MLS Number: 2776543
APN: 086-00-0-101
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