NOT LISTED FOR SALE

505 N Graycroft Ave Madison, TN 37115

Madison Neighborhood

Estimated Value: $493,000 - $624,000

4 Beds
3 Baths
2,441 Sq Ft
$231/Sq Ft Est. Value

Last Sold August 14, 2025

Last sale price $585,000 $240 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,189/month

63 Days on Market

Highlights

  • 1.03 Acre Lot
  • No HOA
  • Stainless Steel Appliances
  • Open Floorplan
  • Covered Patio or Porch
  • 2 Car Attached Garage

About This Home

As of August 2025

Fully Renovated Ranch with Modern Elegance & Exceptional Space! Welcome to this beautifully updated 4-bedroom, 3-bath ranch-style home. Featuring an expansive open floor plan and an extra-large office, this home is ideal for both everyday living and working from home. Enjoy peace of mind with a brand-new roof, new central heat and AC, new flooring throughout, and fresh interior and exterior paint. The stunning new kitchen is complete with new stainless steel appliances, quartz countertops, and ample cabinetry. The spacious primary suite offers the ultimate retreat with his and hers closets and a fully renovated en-suite bathroom. With generous storage throughout and three full baths, this home is designed to accommodate any lifestyle.

Last Agent to Sell the Property

Melissa Milam

eXp Realty Brokerage Phone: 6154964346 License #353029 Listed on: 05/15/2025

eXp Realty

Last Buyer's Agent

Brittany Benson

Compass License #342728

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,805

Year Built

  • Built in 1960

Lot Details

  • 1.03 Acre Lot
  • Lot Dimensions are 371 x 433
  • Back Yard Fenced

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 2,441 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Interior Storage Closet
  • Washer and Electric Dryer Hookup
  • Tile Flooring
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Double Vanity

Schools

  • Stratton Elementary School
  • Madison Middle School
  • Hunters Lane Comp High School

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Morningview Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04211000700

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,805

Year Built

Built in 1960

Lot Details

1.03 Acres

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1960
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Renovated
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s), Entrance Foyer, Extra Closets, Open Floorplan, Pantry, Walk-In Closet(s)
  • Appliances: Oven, Range, Dishwasher, Disposal, Freezer, Microwave, Refrigerator, Stainless Steel Appliance(s)
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Other, Tile
  • Total Bedrooms: 4
  • Main Level Bedrooms: 4
  • Full Bathrooms: 3
  • Has Basement: None, Crawl Space
  • Above Grade Finished Sq Ft: 2441
  • Building Area Units: Square Feet
  • Living Area: 2441
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick
  • Fencing: Back Yard
  • Patio And Porch Features: Porch, Covered, Patio
  • Pool Private: No
  • Roof: Asphalt
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Attached
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 1.03
  • Lot Size: 371 X 433
  • Lot Size Units: Acres
  • Parcel #: 04211000700
  • Property Attached Yn: No

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2805

MLS Schools

  • Elementary School: Stratton Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Madison Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2025
Closed on
Aug 13, 2025
Sold by
Spartan Properties Llc
Bought by
Emmett Robert
Seller's Agent
Melissa Milam
eXp Realty
Buyer's Agent
Brittany Benson
Compass
List Price
$609,000
Sold Price
$585,000
Premium/Discount to List
-$24,000
-3.94%
Views
78
Current Estimated Value
$562,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,125
Avg. Annual Appreciation
-6.65%
Original Mortgage
$555,750
Outstanding Balance
$555,264
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$7,611

Purchase Details

Listed on
Feb 13, 2025
Closed on
Mar 21, 2025
Sold by
Myers Courtney
Bought by
Spartan Properties Llc
Seller's Agent
Tammy Barnett
Benchmark Realty, LLC
Buyer's Agent
Melissa Milam
eXp Realty
List Price
$349,000
Sold Price
$330,000
Premium/Discount to List
-$19,000
-5.44%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
318.41%
Original Mortgage
$395,500
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2004
Sold by
Smithson Josh B
Bought by
Armstrong Joan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 29, 2003
Sold by
Byrum Claude and Byrum Lisa E
Bought by
Smithson Josh B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.28%
Mortgage Type
Balloon

Purchase Details

Closed on
May 28, 2002
Sold by
Irwin Ruth P
Bought by
Byrum Claude and Byrum Lisa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.92%

Purchase Details

Closed on
Oct 8, 1998
Sold by
Irwin Ruth P
Bought by
State Of Tennessee
Source: Public Records
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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
Emmett Robert $585,000 Tennessee National Title
Spartan Properties Llc $330,000 Momentum Title
Armstrong Joan A $185,000 First Volunteer Title Of Ten
Smithson Josh B $175,000 --
Byrum Claude $150,000 --
State Of Tennessee $16,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emmett Robert $555,750
Previous Owner Spartan Properties Llc $395,500
Previous Owner Armstrong Joan A $185,000
Previous Owner Smithson Josh B $140,000
Previous Owner Byrum Claude $120,000
Closed Smithson Josh B $17,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2025 08/14/25 Sold $585,000 -0.8% $240 / Sq Ft
07/17/2025 07/17/25 Pending -- -- --
07/10/2025 07/10/25 Price Changed $590,000 -1.7% $242 / Sq Ft
06/25/2025 06/25/25 Price Changed $599,999 0.0% $246 / Sq Ft
06/13/2025 06/13/25 Price Changed $600,000 -0.8% $246 / Sq Ft
06/08/2025 06/08/25 Price Changed $605,000 -0.5% $248 / Sq Ft
05/29/2025 05/29/25 Price Changed $608,000 -0.2% $249 / Sq Ft
05/15/2025 05/15/25 For Sale $609,000 +84.5% $249 / Sq Ft
03/21/2025 03/21/25 Sold $330,000 -5.4% $135 / Sq Ft View Prior Sale
02/17/2025 02/17/25 Pending -- -- --
02/13/2025 02/13/25 For Sale $349,000 -- $143 / 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 $3,501 $124,425 $39,375 $85,050
2024 $2,805 $86,200 $21,250 $64,950
2023 $2,805 $86,200 $21,250 $64,950
2022 $2,805 $86,200 $21,250 $64,950
2021 $2,834 $86,200 $21,250 $64,950
2020 $2,335 $55,325 $21,250 $34,075
2019 $1,746 $55,325 $21,250 $34,075
2018 $1,746 $55,325 $21,250 $34,075
2017 $1,746 $55,325 $21,250 $34,075
2016 $1,781 $45,400 $8,750 $36,650
2015 $1,781 $45,400 $8,750 $36,650
2014 $1,781 $45,400 $8,750 $36,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2885797

Realtracs

APN: 042-11-0-007

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