Presenting a stunning townhome within the unique Niche complex. High-end finishes and rooftop decks elevate the living experience, offering exceptional amenities for residents. The property's real value lies in its versatile OR-40 zoning, allowing for use as a primary residence, long-term rental, office space, or short-term rental/Airbnb. Notably, Cost Segregation estimates indicate a substantial Year 1 depreciation of nearly $110,000, making it a potentially self-sustaining investment property. Moreover, its convenient proximity, just a $13 Uber ride away from Broadway, enhances its desirability and accessibility to Nashville's vibrant city life.
Closed
$425,000
500 Creative Way #11, Madison, TN 37115
2beds
1,198sqft
Townhouse, Residential, Condominium
Built in 2020
435.6 Square Feet Lot
$392,300 Zestimate®
$355/sqft
$1,863 Estimated rent
Home value
$392,300
$373,000 - $412,000
$1,863/mo
Zestimate® history
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$1,863/mo
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$2,626/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: August 11, 2023 at 04:14pm
Listing Provided by:
Nam Luu 615-870-7309,
Keller Williams Realty
Bought with:
Nam Luu, 365977
Keller Williams Realty
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2550917
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom 1
- Area: 132 Square Feet
- Dimensions: 12x11
Bedroom 2
- Area: 100 Square Feet
- Dimensions: 10x10
Kitchen
- Features: Eat-in Kitchen
- Level: Eat-in Kitchen
- Area: 182 Square Feet
- Dimensions: 14x13
Living room
- Area: 182 Square Feet
- Dimensions: 14x13
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Microwave, Refrigerator, Electric Oven, Cooktop
Features
- Ceiling Fan(s), Extra Closets, Walk-In Closet(s)
- Flooring: Carpet, Laminate, Tile
- Basement: Slab
- Has fireplace: No
Interior area
- Total structure area: 1,198
- Total interior livable area: 1,198 sqft
- Finished area above ground: 1,198
Property
Parking
- Total spaces: 2
- Parking features: Assigned
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch, Covered, Deck
Lot
- Size: 435.60 sqft
- Features: Level
Details
- Parcel number: 051100I00200CO
- Special conditions: Standard
Construction
Type & style
- Home type: Townhouse
- Architectural style: Contemporary
- Property subtype: Townhouse, Residential, Condominium
- Attached to another structure: Yes
Materials
- Fiber Cement, Brick
Condition
- New construction: No
- Year built: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & neighborhood
Location
- Region: Madison
- Subdivision: Niche
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $205 monthly
- Services included: Maintenance Grounds, Trash
- Second HOA fee: $500 one time
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2023 | Sold | $425,000$355/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2550917 Report a problem | ||
| 7/20/2023 | Pending sale | $425,000+32.8%$355/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2550917 Report a problem | ||
| 4/29/2021 | Sold | $320,000+0%$267/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2226739 Report a problem | ||
| 2/22/2021 | Pending sale | $319,999$267/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2226739 Report a problem | ||
| 2/5/2021 | Listed for sale | $319,999$267/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2226739 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $175,240 +46% |
| 2024 | $3,906 +57.6% | $120,040 +57.6% |
| 2023 | $2,479 | $76,175 |
Find assessor info on the county website
Neighborhood: 37115
Nearby schools
GreatSchools rating
- 4/10Chadwell Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 4/10Jere Baxter Middle SchoolGrades: 6-8Distance: 1.9 mi
- 3/10Maplewood Comp High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Chadwell Elementary
- Middle: Gra-Mar Middle School
- High: Maplewood Comp High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$392,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$392,300
- Tennessee
- Davidson County
- Nashville
- 37115
- 500 Creative Way Unit 11