NOT LISTED FOR SALE

500 Creative Way Unit 11 Madison, TN 37115

Madison Neighborhood

Estimated Value: $391,000 - $454,000

2 Beds
2.5 Baths
1,198 Sq Ft
$347/Sq Ft Est. Value

Sale Details

Date Sold: August 11, 2023

Last sale price $425,000 $355 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,819 / mo

Highlights

  • Deck
  • Covered Patio or Porch
  • Walk-In Closet
  • Contemporary Architecture
  • Eat-In Kitchen
  • Tile Flooring

About This Home

As of August 2023

Presenting a stunning townhome within the unique Niche complex. High-end finishes and rooftop decks elevate the living experience, offering exceptional amenities for residents. The property's real value lies in its versatile OR-40 zoning, allowing for use as a primary residence, long-term rental, office space, or short-term rental/Airbnb. Notably, Cost Segregation estimates indicate a substantial Year 1 depreciation of nearly $110,000, making it a potentially self-sustaining investment property. Moreover, its convenient proximity, just a $13 Uber ride away from Broadway, enhances its desirability and accessibility to Nashville's vibrant city life.

Last Agent to Sell the Property

Nam Luu

Synergy Realty Network, LLC License #365977 Listed on: 07/20/2023

Synergy Realty Network, LLC

Last Buyer's Agent

Nam Luu

Synergy Realty Network, LLC License #365977 Listed on: 07/20/2023

Synergy Realty Network, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,479

Year Built

  • Built in 2020

Lot Details

  • 436

HOA Fees

  • $205 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,198 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Interior Storage Closet

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Chadwell Elementary School
  • Gra-Mar Middle School
  • Maplewood Comp High School

Additional Features

  • 436 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • $500 One-Time Secondary Association Fee
  • Association fees include ground maintenance, trash
  • Niche Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051100I00200CO

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,479

Year Built

Built in 2020

Lot Details

436 Sq Ft Lot

HOA Fees

$205 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Contemporary
  • Year Built: 2020
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Extra Closets, Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Slab
  • Above Grade Finished Sq Ft: 1198
  • Building Area Units: Square Feet
  • Living Area: 1198
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Fiber Cement, Brick
  • Patio And Porch Features: Covered Porch, Deck
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Parking Features: Assigned
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Trash
  • Association Fee: 205
  • Association #2 Fee: 500
  • Association #2 Fee Frequency: One Time
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Condominium
  • Senior Community: No
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.01
  • Lot Size Units: Acres
  • Parcel #: 051100I00200CO
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2479

MLS Schools

  • Elementary School: Chadwell Elementary
  • High School: Maplewood Comp High School
  • Middle Or Junior School: Gra-Mar Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 11, 2023
Sold by
Notario Ian and Merry Susan
Bought by
Huynn Jackson and Macri Daniel
Seller's Agent
Nam Luu
Synergy Realty Network, LLC
Buyer's Agent
Nam Luu
Synergy Realty Network, LLC
List Price
$425,000
Sold Price
$425,000
Views
8
Current Estimated Value
$415,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,445
Avg. Annual Appreciation
-0.83%
Original Mortgage
$412,250
Outstanding Balance
$401,440
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$14,115

Purchase Details

Listed on
Feb 5, 2021
Closed on
Apr 29, 2021
Sold by
Ellington Group Gp
Bought by
Notario Ian and Merry Susan
Seller's Agent
Tyler Faulkner
Green List Realty, LLC
Buyer's Agent
Tyler Faulkner
Green List Realty, LLC
List Price
$319,999
Sold Price
$320,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.25%
Original Mortgage
$300,000
Interest Rate
3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Huynn Jackson $425,000 None Listed On Document
Notario Ian $319,999 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huynn Jackson $412,250
Previous Owner Notario Ian $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2023 08/11/23 Sold $425,000 0.0% $355 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $425,000 +32.8% $355 / Sq Ft
04/29/2021 04/29/21 Sold $320,000 0.0% $267 / Sq Ft View Prior Sale
02/21/2021 02/21/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $319,999 -- $267 / Sq Ft
Source: Realtracs

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
2025 $4,931 $175,240 $34,400 $140,840
2024 $3,906 $120,040 $24,000 $96,040
2023 $2,479 $76,175 $15,000 $61,175
2022 $2,886 $76,175 $15,000 $61,175
2021 $2,505 $76,175 $15,000 $61,175
2020 $348 $8,250 $8,250 $0
2019 $260 $8,250 $8,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Nam Luu

    Seller's Agent in 2023

    Nam Luu

    Synergy Realty Network, LLC

    (615) 870-7309

    1 in this area

    77 Total Sales

    Nam Luu
    Section Image
  • Tyler Faulkner

    Seller's Agent in 2021

    Tyler Faulkner

    Green List Realty, LLC

    (615) 800-2222

    5 in this area

    117 Total Sales

    Tyler Faulkner
    Section Image
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Map

Source: Realtracs

MLS Number: 2550917

Realtracs

APN: 051-10-0I-002-00

Tennessee Davidson County Nashville 37115 Madison

500 Creative Way Unit 11, Nashville, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID

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