NOT LISTED FOR SALE

500 Creative Way Unit 23 Madison, TN 37115

Madison Neighborhood

Estimated Value: $375,000 - $455,000

2 Beds
2.5 Baths
1,198 Sq Ft
$351/Sq Ft Est. Value

Sale Details

Date Sold: February 16, 2023

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

Est. 1% decrease in value since last sale

Current estimated payment $2,492 / mo

5 Days on Market

Highlights

  • Deck
  • Great Room
  • Eat-In Kitchen
  • Contemporary Architecture
  • Covered Patio or Porch
  • Walk-In Closet

About This Home

As of February 2023

Beautiful, like-new townhome 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 $110,000, the unit basically pays for itself if used as an investment home.. $13 in an Uber to Broadway.

Last Agent to Sell the Property

Tyler Faulkner

Green List Realty, LLC License # 337982 Listed on: 01/20/2023

Last Buyer's Agent

William Wilson

William Wilson Homes License #339560

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,505

Year Built

  • Built in 2020

Lot Details

  • 436 Sq Ft Lot

HOA Fees

  • $17 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
  • Great Room
  • 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

Utilities

  • Central Heating and Cooling System
  • Underground Utilities

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 051100I02300CO

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,505

Year Built

Built in 2020

Lot Details

436 Sq Ft Lot

HOA Fees

$17 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: Annually
  • Amenities: Underground Utilities
  • Association: Yes
  • Common Interest: Condominium
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.01
  • Lot Size Units: Acres
  • Parcel #: 051100I02300CO
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2505

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
Jan 20, 2023
Closed on
Feb 15, 2023
Sold by
Stern-Morales Gabriel and Stern-Morales Nicole M
Bought by
Sensabaugh Brittany Lynn
Seller's Agent
Tyler Faulkner
Green List Realty, LLC
Buyer's Agent
William Wilson
William Wilson Homes
List Price
$424,999
Sold Price
$425,000
Premium/Discount to List
$1
0.0%
Views
27
Current Estimated Value
$420,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,352
Avg. Annual Appreciation
-0.32%
Original Mortgage
$417,302
Outstanding Balance
$403,209
Interest Rate
6.48%
Mortgage Type
FHA
Estimated Equity
$17,439

Purchase Details

Listed on
Dec 18, 2020
Closed on
Jan 20, 2021
Sold by
Ellington Group Gp
Bought by
Stern-Morales Gabriel and Leone Nicole M
Seller's Agent
Tyler Faulkner
Green List Realty, LLC
Buyer's Agent
lynsey Hazelip
Keys2Potential Real Estate & Design
List Price
$304,999
Sold Price
$307,500
Premium/Discount to List
$2,501
0.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.92%
Original Mortgage
$292,125
Interest Rate
2.71%
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
Sensabaugh Brittany Lynn $425,000 Mhps Title
Stern-Morales Gabriel $307,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sensabaugh Brittany Lynn $417,302
Previous Owner Stern-Morales Gabriel $292,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2023 02/16/23 Sold $425,000 0.0% $355 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $424,999 +38.2% $355 / Sq Ft
01/20/2021 01/20/21 Sold $307,500 +0.8% $257 / Sq Ft View Prior Sale
12/18/2020 12/18/20 Pending -- -- --
12/18/2020 12/18/20 For Sale $304,999 -- $255 / 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 $3,119 $110,825 $21,500 $89,325
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 $1,336 $18,600 $8,250 $10,350
2019 $260 $8,250 $8,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Tyler Faulkner

    Seller's Agent in 2023

    Tyler Faulkner

    Green List Realty, LLC

    (615) 800-2222

    5 in this area

    116 Total Sales

    Tyler Faulkner
    Section Image
  • William Wilson

    Buyer's Agent in 2023

    William Wilson

    William Wilson Homes

    (615) 803-2591

    5 in this area

    165 Total Sales

    William Wilson
    Section Image
  • lynsey Hazelip

    Buyer's Agent in 2021

    lynsey Hazelip

    Keys2Potential Real Estate & Design

    (615) 497-4756

    2 in this area

    141 Total Sales

    lynsey Hazelip
    Section Image
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Map

Source: Realtracs

MLS Number: 2477734

Realtracs

APN: 051-10-0I-023-00

Tennessee Davidson County Nashville 37115 Madison

500 Creative Way Unit 23, 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 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.
Based on information submitted to the MLS GRID

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