508 Madison St 3, Nashville, TN 37208, Nashville, 37208 - 2 bed, 2 bath
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Nashville, TN 37208
This Modern Germantown Townhome is a Prime Investment Opportunity, listed at $540,000—positioned well below the $560,711 Fair Market Value by 3%. This valuation gap offers $20,711 in Instant Equity for the incoming buyer. Featuring a Good Condition Rating, the interior boasts sand-and-finish hardwoods, granite countertops, and a primary suite with soaring ceilings. Located in a premier walkable district near the Nashville Farmers' Market and future Oracle campus, it perfectly balances urban lifestyle with financial upside. This turn-key residence is ideal for Urban Professionals or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 508 Madison St 3 Subject | $540,000* List Price | 2 | 2 | 1,438 | $390 | - |
A 508 Madison St 5 Sold | $530,000 | 2 | 2 | 1,424 | $372 | 0.0 mi |
B 508 Madison St 5 Sold | $530,000 | 2 | 2 | 1,424 | $372 | 0.0 mi |
C 300 Van Buren St Sold | $665,000 | 2 | 3 | 1,432 | $464 | 0.4 mi |
D 1720 Delta Ave Sold | $535,000 | 4 | 4 | 1,979 | $270 | 0.7 mi |
E 1028 9th Ave N Active | $500,000 List Price | 2 | 2 | 1,335 | $375 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007, this property falls within the 10-20 year age range for a 'good' rating. The home is move-in ready and features well-maintained, high-quality finishes such as real sand-and-finish hardwoods, granite countertops, and upgraded stainless steel appliances. While the interior is modern and 'turn-key,' it does not meet the 'excellent' criteria as it has not undergone a full, extensive renovation within the last 5 years.
Situated in the heart of Germantown, this property offers an exceptional lifestyle with immediate access to the Nashville Farmers' Market, Sounds stadium, high-end dining, and the future Oracle campus.
The home boasts high-quality features including real sand-and-finish hardwoods throughout, granite countertops, and a primary suite with soaring ceilings and a luxury ensuite bath.
The floor plan provides excellent flexibility with a dedicated space suitable for either a formal dining area or a home office, catering to modern work-from-home needs.
The unit includes only one assigned parking space, which may be a significant constraint for two-car households or those who frequently host guests in a high-density neighborhood.
The monthly association fee of $362 adds a notable fixed cost to the property's carrying expenses, which may impact the overall budget for price-sensitive buyers.
The best of city living in the heart of Germantown. This 2-bedroom, 2-bath townhouse is filled with natural light and features a thoughtfully designed layout with a balcony overlooking lush greenspace. Offers flexibility with a dedicated dining area or home office space, real sand-and-finish hardwoods throughout, granite countertops, and upgraded stainless steel appliances. The primary suite impresses with soaring ceilings and an ensuite bath complete with a soaking tub and separate shower. One assigned parking space (#G) is included. This townhome offers unmatched walkability. Stroll to coffee shops, brunch spots, dinner and drinks, boutique shopping, fitness studios, Nashville Sounds games, Bicentennial Capitol Mall State Park, the Nashville Farmers' Market, and the new Kroger grocery store. Also located just a few blocks from the Neuhoff District and convenient to the future Oracle campus. Turn-key and ready for its new owner, with easy access to downtown, the interstate, and the Gulch. Buyer and buyer’s agent to verify all pertinent information, including but not limited to square footage and schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 33% |
| Square foot | 1,438 | 1,470 | 44% |
| Lot Size | 871 | 871 | 50% |
| Price | $540.0K | $530.0K | 67% |
| Price per sq ft | $376 | $372 | 67% |
| Built year | 2007 | 2008 | 33% |
| HOA | $362 | $210 | 78% |
| Days on market | 62 | 587 | 11% |
Feb 20, 2026
$540,000
Initial Listing