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500 Creative Way #11 Madison, TN 37115
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Key Details
Sold Price $425,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,198 sqft
Price per Sqft $354
Subdivision Niche
MLS Listing ID 2550917
Sold Date 08/11/23
Bedrooms 2
Full Baths 2
Half Baths 1
HOA Fees $205/mo
HOA Y/N Yes
Year Built 2020
Annual Tax Amount $2,479
Lot Size 435 Sqft
Acres 0.01
Property Description
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.
Location
State TN
County Davidson County
Interior
Interior Features Ceiling Fan(s), Extra Closets, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Laminate, Tile
Fireplace N
Appliance Dishwasher, Disposal, Microwave, Refrigerator
Exterior
View Y/N false
Private Pool false
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
Structure Type Fiber Cement, Brick
New Construction false
Schools
Elementary Schools Chadwell Elementary
Middle Schools Gra-Mar Middle School
High Schools Maplewood Comp High School
Others
HOA Fee Include Maintenance Grounds, Trash
Senior Community false
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