Calling all investors and first-time home buyers! Discover a well-maintained condo in Madison, TN, that’s perfect for your portfolio or as a starter home. Recently renovated in 2021, this charming 2-bedroom, 1.5-bath condo has been a fantastic rental for the last three years. Currently occupied by reliable tenants on a month-to-month lease, this condo generates $1,350 in monthly rental income, making it a lucrative investment opportunity. The rental market in Madison is thriving, and this condo is perfectly positioned to continue generating income for years to come. The modern updates throughout enhance both comfort and appeal, ensuring a cozy living environment. With its prime location in Madison, you’ll enjoy easy access to local amenities, parks, and transportation. Don’t miss out on this chance to own a well-cared-for property that combines style, convenience, and income potential! Whether you’re looking to invest or settle in, this condo is a must-see!
Closed
$135,000
323 Forest Park Rd #5-10, Madison, TN 37115
2beds
1,050sqft
Apartment, Residential, Condominium
Built in 1969
-- sqft lot
$132,700 Zestimate®
$129/sqft
$1,195 Estimated rent
Home value
$132,700
$125,000 - $142,000
$1,195/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 03, 2024 at 04:53am
Listing Provided by:
Cierra Perkins 414-553-6559,
William Wilson Homes
Bought with:
Ben Coman, 276725
Green Space Realty
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2745888
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom 1
- Features: Extra Large Closet
- Level: Extra Large Closet
- Area: 169 Square Feet
- Dimensions: 13x13
Bedroom 2
- Features: Extra Large Closet
- Level: Extra Large Closet
- Area: 132 Square Feet
- Dimensions: 12x11
Dining room
- Features: Separate
- Level: Separate
- Area: 120 Square Feet
- Dimensions: 12x10
Kitchen
- Area: 88 Square Feet
- Dimensions: 11x8
Living room
- Features: Separate
- Level: Separate
- Area: 180 Square Feet
- Dimensions: 15x12
Heating
- Central, Electric
Cooling
- Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Freezer, Refrigerator, Stainless Steel Appliance(s), Electric Oven, Electric Range
Features
- Ceiling Fan(s), Storage
- Flooring: Laminate
- Basement: Other
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,050
- Total interior livable area: 1,050 sqft
- Finished area above ground: 1,050
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
Lot
- Size: 435.60 sqft
Details
- Parcel number: 043130A05800CO
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Architectural style: Other
- Property subtype: Apartment, Residential, Condominium
- Attached to another structure: Yes
Materials
- Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1969
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Community & neighborhood
Location
- Region: Madison
- Subdivision: Robin Hood
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $229 monthly
- Services included: Maintenance Structure, Maintenance Grounds, Recreation Facilities, Trash
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2024 | Sold | $135,000-12.9%$129/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #2745888 Report a problem | ||
| 10/22/2024 | Contingent | $155,000$148/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2745888 Report a problem | ||
| 10/16/2024 | Listed for sale | $155,000$148/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2745888 Report a problem | ||
| 10/10/2024 | Contingent | $155,000$148/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2745888 Report a problem | ||
| 10/8/2024 | Listed for sale | $155,000-10.4%$148/sqft |
Source: RealTracs MLS as distributed by MLS GRID #2745888 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $787 | $24,200 |
| 2023 | $787 | $24,200 |
| 2022 | $787 -1% | $24,200 |
Find assessor info on the county website
Neighborhood: Heron Walk
Nearby schools
GreatSchools rating
- 4/10Stratton Elementary SchoolGrades: PK-5Distance: 1 mi
- 4/10Madison Middle PrepGrades: 6-8Distance: 1 mi
- 4/10Hunters Lane Comp High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Neely's Bend Elementary
- Middle: Neely's Bend Middle
- High: Hunters Lane 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
$132,700
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
$132,700