NOT LISTED FOR SALE

500 Creative Way Unit 2 Madison, TN 37115

Madison Neighborhood

Estimated Value: $373,000 - $435,000

2 Beds
2.5 Baths
1,198 Sq Ft
$338/Sq Ft Est. Value

Sale Details

Date Sold: April 15, 2021

Last sale price $319,999 $267 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,571 / mo

18 Days on Market

Highlights

  • New Construction
  • Great Room
  • Cooling Available
  • City View
  • Eat-In Kitchen
  • Tile Flooring

About This Home

As of April 2021

Beautiful, brand new homes in the one-of-a-kind Niche complex on the Madison/Nashville border. High-end finishes and rooftop decks provide for great amenities for the end user. True value lies in the Zoning. With OR-40 zoning, property can be primary residence, long-term rental, office or short-term rental/Airbnb. With Cost Segregation estimates putting the Year 1 depreciation for these homes at almost $89,000, the unit basically pays for itself. $13 in an Uber to Broadway.

Last Agent to Sell the Property

Tyler Faulkner

Green List Realty, LLC License # 337982 Listed on: 02/05/2021

Last Buyer's Agent

Grant Burnett

Parks Compass License #346379

Parks Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 436 Sq Ft Lot
  • Level Lot

HOA Fees

  • $135 Monthly HOA Fees

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 1,198 Sq Ft Home
  • Property has 2 Levels
  • Great Room
  • City Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

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

Utilities

  • Cooling Available
  • Central Heating
  • Underground Utilities

Community Details

  • $150 One-Time Secondary Association Fee
  • Association fees include exterior maintenance, ground maintenance, pest control, trash
  • Niche Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051100I02600CO

Property Details

Home Type

Multi-Family

Year Built

Built in 2020 | New Construction

Lot Details

436 Sq Ft Lot

HOA Fees

$135 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Horizontal Property Regime - Attached
  • Year Built: 2020
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built Details: NEW
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave
  • 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: Owner

Exterior Features

  • Construction Type: Fiber Cement
  • Pool Private: No
  • View: City
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Maintenance Grounds, Pest Control, Trash
  • Association Fee: 135
  • Association #2 Fee: 150
  • Association #2 Fee Frequency: One Time
  • Association Fee Frequency: Monthly
  • Amenities: Underground Utilities
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.01
  • Lot Size Units: Acres
  • Parcel #: 051100I02600CO
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1

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
Feb 5, 2021
Closed on
Apr 15, 2021
Sold by
Ellington Group Gp
Bought by
Robertson Brandon
Seller's Agent
Tyler Faulkner
Green List Realty, LLC
Buyer's Agent
Grant Burnett
Parks Compass
List Price
$319,999
Sold Price
$319,999
Current Estimated Value
$404,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,528
Avg. Annual Appreciation
4.81%
Original Mortgage
$315,250
Outstanding Balance
$283,015
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$121,512
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
Robertson Brandon $325,000 None Listed On Document
Robertson Brandon $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robertson Brandon $315,250
Closed Robertson Brandon $315,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2021 04/15/21 Sold $319,999 0.0% $267 / Sq Ft
02/23/2021 02/23/21 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 $3,082 $109,525 $21,500 $88,025
2024 $2,479 $76,175 $15,000 $61,175
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

  • Tyler Faulkner

    Seller's Agent in 2021

    Tyler Faulkner

    Green List Realty, LLC

    (615) 800-2222

    11 in this area

    126 Total Sales

    Tyler Faulkner
    Section Image
  • Grant Burnett

    Buyer's Agent in 2021

    Grant Burnett

    Parks Compass

    (615) 974-4261

    12 in this area

    246 Total Sales

    Grant Burnett
    Section Image
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Map

Source: Realtracs

MLS Number: 2226744

Realtracs

APN: 051-10-0I-011-00

Tennessee Davidson County Nashville 37115 Madison

500 Creative Way Unit 2, Nashville, TN

Not Listed for Sale

MultiFamily

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.
Based on information submitted to the MLS GRID

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