500 Creative Way Unit 8 Madison, TN 37115
2
Beds
2.5
Baths
1,198
Sq Ft
$135/mo
HOA Fee
Highlights
- City View
- Tile Flooring
- Level Lot
- Cooling Available
- Central Heating
About This Home
As of April 2021Beautiful, 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
Green List Realty, LLC Brokerage Phone: 6154283755 License # 337982 Listed on: 12/18/2020
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,479
Year Built
- Built in 2020
Lot Details
- 436 Sq Ft Lot
HOA Fees
- $135 Monthly HOA Fees
Home Design
- Slab Foundation
Interior Spaces
- 1,198 Sq Ft Home
- Property has 2 Levels
- City Views
Kitchen
- Microwave
- Freezer
- Dishwasher
- Disposal
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
Home Security
Schools
- Chadwell Elementary School
- Gra-Mar Middle School
- Maplewood Comp High School
Utilities
- Cooling Available
- Central Heating
- Underground Utilities
Listing and Financial Details
- Assessor Parcel Number 051100I02600CO
Community Details
Overview
- $150 One-Time Secondary Association Fee
- Association fees include exterior maintenance, ground maintenance, pest control, trash
- Niche Subdivision
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 18, 2020
Closed on
Apr 12, 2021
Sold by
Ellington Group Gp
Bought by
Piercey Lisa M
Seller's Agent
Tyler Faulkner
Green List Realty, LLC
Buyer's Agent
Thomas Rassas
Pilkerton Realtors
List Price
$304,999
Sold Price
$314,900
Premium/Discount to List
$9,901
3.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,454
Avg. Annual Appreciation
6.58%
Original Mortgage
$165,000
Outstanding Balance
$150,688
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$264,881
Similar Homes in the area
-
$339,900
- 2 Beds
- 2.5 Baths
- 1,570 Sq Ft
- 251 Nesbitt Ln Madison Tn 37115 St
- Unit 36902317
- Nashville, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $314,900 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $165,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/03/2021 09/03/21 | Rented | -- | -- | -- |
| 08/22/2021 08/22/21 | Under Contract | -- | -- | -- |
| 04/15/2021 04/15/21 | Sold | $314,900 | 0.0% | $263 / Sq Ft |
| 02/08/2021 02/08/21 | For Rent | -- | -- | -- |
| 01/11/2021 01/11/21 | Pending | -- | -- | -- |
| 12/18/2020 12/18/20 | For Sale | $304,999 | -- | $255 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 | $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
-
Thomas Rassas
Seller's Agent in 2021
Thomas Rassas
Pilkerton Realtors
(615) 955-0728
1 in this area
122 Total Sales
-
Tyler Faulkner
Seller's Agent in 2021
Tyler Faulkner
Green List Realty, LLC
(615) 800-2222
28 in this area
146 Total Sales
-
Emily Frey
Buyer's Agent in 2021
Emily Frey
Onward Real Estate
(615) 243-1621
14 Total Sales
Map
Source: Realtracs
MLS Number: 2214711
APN: 051-10-0I-005-00
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