Courtesy of Compass RE.
Property 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 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
Property Details and Features
- Parking
- Covered Spaces: 0
- Parking Total: 3
- Appliances & Equipment
- Description: “Dishwasher”, “Microwave”
- Basement
- Description: “Crawl Space”
- Bathrooms
- Full Bathrooms: 3
- Half Bathrooms: 0
- Bedrooms
- Total Bathrooms: 3
- Main Level Bedrooms: 3
- Building
- Finished Area Above Grade: 2067
- Area: 2067
- Architecture: “Tudor”
- Building Area: 2067
- Construction Materials: “Fiber Cement”, “Brick”
- Levels: “One”
- Stories: 1
- Year Built: 2023
- Year Built Details: NEW
- Effective Year built: 2023
- Cooling
- Details: “Central Air”
- Floors
- Flooring: “Finished Wood”, “Tile”
- Garage
- Garage Spaces: 0
- Heating
- Heating: “Central”
- Listing
- Days on Market: 9
- Listing Price: 530000
- Status: Under Contract – Showing
- Location
- Address: 420 Lanier Dr
- City: Madison
- State: TN
- Zip: 37115
- County: Davidson County, TN
- Subdivision: Rainbow Terrace
- 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.
- Lot
- Acres: 0.23
- Size: 0.23
- Dimensions: 50 X 200
- Size Source: Assessor
- Size Units: Acres
- Roof
- Description: “Asphalt”
- Schools
- Elementary: Stratton Elementary
- Middle/Junior High: Madison Middle
- High School: Hunters Lane Comp High School
- Utilities
- Sewer: “Public Sewer”
- Water Source: “Public”
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