NOT LISTED FOR SALE

500 Creative Way Unit 9 Madison, TN 37115

Madison Neighborhood

Estimated Value: $386,599 - $449,000

2 Beds
2.5 Baths
1,198 Sq Ft
$350/Sq Ft Est. Value

Sale Details

Date Sold: April 7, 2021

Last sale price $325,000 $271 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,629 / mo

39 Days on Market

Highlights

  • New Construction
  • Cooling Available
  • Central Heating
  • City View
  • 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 Brokerage Phone: 6154283755 License # 337982 Listed on: 12/18/2020

Last Buyer's Agent

Brenna Goethel

Armstrong Real Estate - Keller Williams License #339742

Armstrong Real Estate - Keller Williams

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2020 | New Construction

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

  • $250 One-Time Secondary Association Fee
  • Association fees include exterior maintenance, ground maintenance, pest control, trash
  • Niche Subdivision

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

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: Townhouse
  • 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, Freezer, 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: 250
  • Association #2 Fee Frequency: One Time
  • Association Fee Frequency: Monthly
  • Amenities: Underground Utilities
  • Association: Yes
  • Common Interest: Condominium
  • Senior Community: No
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • 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
Dec 18, 2020
Closed on
Apr 7, 2021
Sold by
Ellington Group Gp
Bought by
Taylor Leighton Frank
Seller's Agent
Tyler Faulkner
Green List Realty, LLC
Buyer's Agent
Brenna Goethel
Armstrong Real Estate - Keller Williams
List Price
$304,999
Sold Price
$325,000
Premium/Discount to List
$20,001
6.56%
Current Estimated Value
$418,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,900
Avg. Annual Appreciation
5.20%
Original Mortgage
$308,750
Outstanding Balance
$277,180
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$141,720
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Taylor Leighton Frank $325,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Leighton Frank $308,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2021 04/07/21 Sold $325,000 +6.6% $271 / Sq Ft
01/26/2021 01/26/21 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 $3,082 $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

    5 in this area

    117 Total Sales

    Tyler Faulkner
    Section Image

  • B

    Buyer's Agent in 2021

    Brenna Goethel

    Armstrong Real Estate - Keller Williams

    (615) 800-7256

    60 Total Sales

    Brenna Goethel
    Section Image
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Map

Source: Realtracs

MLS Number: 2214702

Realtracs

APN: 051-10-0I-004-00

Tennessee Davidson County Nashville 37115 Madison

500 Creative Way Unit 9, 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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