NOT LISTED FOR SALE

500 Creative Way Unit 4 Madison, TN 37115

Madison Neighborhood

Estimated Value: $378,000 - $425,000

2 Beds
2.5 Baths
1,198 Sq Ft
$337/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $435,000 $363 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,685/month

Highlights

  • Deck
  • Walk-In Closet
  • Interior Storage Closet
  • Great Room
  • Cooling Available
  • Tile Flooring

About This Home

As of August 2023

Incredible opportunity to own an income producing property right on the Nashville/Madison border, with easy access to Downtown. This prime corner unit sits in the very popular Niche community. OR-40 zoning creates tons of opportunity with the possibilities to short term rent (AirBNB), use as an office, long term rental or primary residence. This unit has an open first floor living area with half bath, going up to the second floor you'll find one en-suite bedroom with double vanities, tiled shower and another guest room with full bath. Head up to the spacious rooftop deck to enjoy the gorgeous TN weather, early morning coffee or afternoon cocktail!! This home is being sold fully furnished with all appliances to stay! Unit is an active STR with confirmed bookings!!

Last Agent to Sell the Property

Caleb Gamblin

Compass RE License #357204 Listed on: 08/07/2023

Compass RE

Co-Listed By

Shawn Booth

Parks Compass License #365213

Last Buyer's Agent

Melissa King

Benchmark Realty, LLC License #340477

Benchmark Realty, 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

  • Slab Foundation

Interior Spaces

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

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

Parking

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

Schools

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

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • Deck
  • 436 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 051100I00900CO

Community Details

Overview

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

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,479

Year Built

Built in 2020

Lot Details

0

HOA Fees

$205 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2020
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: APROX
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Extra Closets, Storage, Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • 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: Other

Exterior Features

  • Construction Type: Fiber Cement
  • Patio And Porch Features: 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
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Pest Control, 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 Size Acres: 0.01
  • Lot Size Units: Acres
  • Parcel #: 051100I00900CO
  • 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
Aug 7, 2023
Closed on
Aug 31, 2023
Sold by
500 Creative Way Unit 04 Llc
Bought by
Barbara Bush Revocable Trust and Allen D Bush Revocable Trust
Seller's Agent
Caleb Gamblin
Compass RE
Buyer's Agent
Melissa King
Benchmark Realty, LLC
List Price
$439,999
Sold Price
$435,000
Premium/Discount to List
-$4,999
-1.14%
Views
58
Current Estimated Value
$403,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,241
Avg. Annual Appreciation
-3.49%

Purchase Details

Listed on
Feb 5, 2021
Closed on
May 21, 2021
Sold by
Barnes Scott William and Chaffee Chad
Bought by
500 Creative Way Unit 4 Llc
Seller's Agent
Tyler Faulkner
Green List Realty, LLC
Buyer's Agent
Tyler Faulkner
Green List Realty, LLC
List Price
$319,999
Sold Price
$314,999
Premium/Discount to List
-$5,000
-1.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.52%
Original Mortgage
$251,999
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2021
Closed on
Apr 14, 2021
Sold by
Ellington Group Gp
Bought by
Chaffee Chad and Barnes Scott
Seller's Agent
Tyler Faulkner
Green List Realty, LLC
Buyer's Agent
Tyler Faulkner
Green List Realty, LLC
List Price
$319,999
Sold Price
$314,999
Premium/Discount to List
-$5,000
-1.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$251,999
Interest Rate
3.05%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Barbara Bush Revocable Trust $435,000 Carney Title
500 Creative Way Unit 4 Llc -- None Available
Chaffee Chad $314,999 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chaffee Chad $251,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2023 08/31/23 Sold $435,000 -1.1% $363 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $439,999 +39.7% $367 / Sq Ft
04/15/2021 04/15/21 Sold $314,999 -1.6% $263 / Sq Ft View Prior Sale
02/10/2021 02/10/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $319,999 -- $267 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

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 $3,966 $121,880 $24,000 $97,880
2023 $3,966 $121,880 $24,000 $97,880
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

  • Caleb Gamblin

    Seller's Agent in 2023

    Caleb Gamblin

    Compass RE

    (601) 562-0228

    1 in this area

    33 Total Sales

    Caleb Gamblin
    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Shawn Booth

    Parks Compass

    (818) 747-6307

    1 in this area

    7 Total Sales

    Shawn Booth
    Section Image
  • Melissa King

    Buyer's Agent in 2023

    Melissa King

    Benchmark Realty, LLC

    (615) 587-2561

    2 in this area

    80 Total Sales

    Melissa King
    Section Image
  • Tyler Faulkner

    Seller's Agent in 2021

    Tyler Faulkner

    Green List Realty, LLC

    (615) 800-2222

    28 in this area

    145 Total Sales

    Tyler Faulkner
    Section Image
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Map

Source: Realtracs

MLS Number: 2555829

Realtracs

APN: 051-10-0I-009-00

Tennessee Davidson County Madison 37115 Madison

500 Creative Way Unit 4, Madison, TN

This home is located at 500 Creative Way Unit 4, Madison, TN 37115 since 07 August 2023 and is currently estimated at $403,759, approximately $337 per square foot. This property was built in 2020. 500 Creative Way Unit 4 is a home located in Davidson County with nearby schools including Chadwell Elementary School, Jere Baxter Middle, and Maplewood Comprehensive High School.

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