420 Lanier Drive

Madison, TN 37115

$530,000
Price
3
Beds
3
Baths
2,067 Sq. Ft.
$256 / Sq. Ft.
2,067
Sq. Ft.
$256
per Sq. Ft.

Description

Introducing Groundly: the new way to buy a home by separating the home from the land it sits on through a modern ground lease, reducing the upfront cost. Groundly customers can save up to 30% on their down payment and 7% on their initial monthly payment. This $750k is now $530k. Groundly purchases the land underneath your home and leases it back to you at a low monthly rate, less than the cost of a similar mortgage, so that you only need a mortgage on the home itself. Buy this stunningly designed...Introducing Groundly: the new way to buy a home by separating the home from the land it sits on through a modern ground lease, reducing the upfront cost. Groundly customers can save up to 30% on their down payment and 7% on their initial monthly payment. This $750k is now $530k. Groundly purchases the land underneath your home and leases it back to you at a low monthly rate, less than the cost of a similar mortgage, so that you only need a mortgage on the home itself. Buy this stunningly designed Tudor with timeless design touches and period details in the heart of booming Madison. Single level living with 12 foot ceilings throughout give this home the flair of a historic property, but with all the function and quality you seek in a new construction home. Easy access to downtown, east bank, & core East Nashville. Fenced back yard & nearby parks, lakes, and greenways. * This home is offered on a ground lease with initial monthly ground rent to be $928. See www.mygroundly.com

Listing Agents

  1. Matt Ford

    Matt Ford

    Alternative Listing Agent

    Compass

    matt.ford@compass.com

    P: 626.755.7334

Property Details for 420 Lanier Drive

Architectural Style
Tudor
Subdivision Name
Rainbow Terrace
Waterfront
No

Location

Add your commute
LISTING UPDATED: 01/16/2024 12:01 PM

Property Details for 420 Lanier Drive

StatusActive Under Contract
MLS #2607377
Days on Market9
Taxes$407 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2023
Lot Size0.23 AC / 10,018 SF
CountyDavidson County

Location

Add your commute

Building Information for 420 Lanier Drive

Stories1Year Built2023Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$2,926 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,892

Property Taxes

$34

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 420 Lanier Drive

Summary
Location and General Information
  • Directions: Briley Pky to Exit 14 toward Madison. In 1.7 miles, turn right onto Neelys Bend Rd. Go 1/2 Mile and turn left onto Lanier Dr.
  • Elementary School: Stratton Elementary
  • High School: Hunters Lane Comp High School
  • Levels: One
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • Middle Or Junior School: Madison Middle
  • Mlg Can View: Yes
Parking
  • Total Non Garage Parking Spaces: 3.0
  • Garage Spaces: .00
  • Parking Features: Driveway
  • Parking Total: 3.00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Appraiser
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Appraiser
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Appraiser
  • Building Area Units: Square Feet
  • Flooring: Finished Wood, Tile
Lot Information
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
  • Parcel Number: 05202028200
  • Lot Size Area: 0.23
Property and Assessments
  • Construction Materials: Fiber Cement, Brick
  • Documents Count: 6
  • New Construction: Yes
  • Possession: Close Of Escrow
  • Property Attached: No
  • Senior Community: No
  • Stories: 1
  • Year Built Details: NEW
Utilities
  • Basement: Crawl Space
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Appliances: Dishwasher, Microwave
  • Fireplace: No
  • Interior Features: Primary Bedroom Main Floor
Bedroom Information
  • Main Level Beds: 3
Exterior Features
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Asphalt
  • View YN: No
Room Information
Room 1
  • Room Dimensions: 15x13
  • Room Features: Suite
  • Room Type: Bedroom 1
Room 2
  • Room Dimensions: 15x12
  • Room Type: Bedroom 2
Room 3
  • Room Dimensions: 12x12
  • Room Features: Extra Large Closet
  • Room Type: Bedroom 3
Room 4
  • Room Dimensions: 15x12
  • Room Type: Dining Room
Room 5
  • Room Dimensions: 20x12
  • Room Features: Eat-in Kitchen
  • Room Type: Kitchen
Room 6
  • Room Dimensions: 20x21
  • Room Features: Great Room
  • Room Type: Living Room

Property History for 420 Lanier Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 420 Lanier Drive

Taxable ValueLand$12,500Additions$31,750Total$44,250
Tax Record2023$1,440 ($120 / month)
Home Facts
Beds3Total Finished SqFt2,005 SqFtAbove Grade Finished SqFt2,005 SqFtStories1Lot Size10,019 SqFtStyleSingle Family ResidenceCountyDAVIDSONAPN052-02-0-282-00

Schools near 420 Lanier Drive

This home is within Davidson County.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Charter - K to 4
Rating
School
Distance
Stratton Elementary School
PublicPK to 4

Madison Middle Prep
Public5 to 8

Hunters Lane Comp High School
Public9 to 12

Smithson Craighead Academy
CharterK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 01/16/2024 12:01 PM