1308 Neelys Bend Rd, Madison, TN 37115
1308 Neelys Bend Rd, Madison, TN 37115, Active at $359,900 ($257/sq ft). 1 bd · 1.5 ba (1 full, 1 half) · 1,400 sqft · $257/sqft · 0.57 ac.
1308 Neelys Bend Rd, Madison, TN 37115, Active at $359,900 ($257/sq ft). 1 bd · 1.5 ba (1 full, 1 half) · 1,400 sqft · $257/sqft · 0.57 ac.
Active · $359,900
MLS #3031286 · listed October 14, 2025 · 380 days on market · updated October 21, 2025
1-bed, 1.5-bath home at 1308 Neelys Bend Rd, Madison, 1,400 sqft, $359,900 ($257/sqft), by Network Properties, LLC.
1308 Neelys Bend Rd is a 1-bedroom, 1.5-bath home in Madison, TN 37115, offered at $359,900, about $257/sq ft across 1,400 sq ft.
At $257/sq ft, this home is about 13% above the Madison 37115 median list price per square foot of $228.
Recently sold in Madison 37115: 259 comparable homes from $234,000 to $480,000, a median of $231/sq ft; this listing at $257/sq ft is about 11% above recent sold prices.
Market read: the Madison homes market is balanced as of October 25, 2026, at about 4.5 months of inventory; recent sales have closed near 99.6% of list in the 12 months to October 25, 2026.
All-in, about $2,461/mo at 20% down (7.33% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $481/mo, roughly 20% of the all-in monthly payment.
At the current 7.33% 30-year rate, principal and interest on this home runs about $1,980/mo; at the 6.81% rate of about three months ago it would be roughly $1,879/mo, so monthly P&I is about $101 higher now.
School zone: assigned to Neely's Bend Elementary, Madison Middle, Hunters Lane Comp High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 1308 Neelys Bend Rd (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 21, 2025. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Madison.
1308 Neelys Bend Rd is on the market under more than one Realtracs listing. This page follows MLS #3031286. Also at this address:
Work and Live! Have you thought of having your own business? This has a been a Beauty/Barber Shop for numbers of years. The property is zoned Residential currently so lower property taxes than commercial. There is a small living area in the back (See Pictures). No FHA or VA financing due to business operation. Make sure your lender will finance for your intended purpose.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 1308 Neelys Bend Rd (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $359,900 | ||
| Quitclaim deed | $0 | ||
| Deed recorded | $41,500 | ||
| Deed recorded | $14,700 | ||
| Deed recorded | $13,700 | ||
| Deed recorded | $10,000 |
Listed October 14, 2025, this listing has been on the market 380 days as of October 29, 2026. The asking price has not changed since it was listed.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
1308 Neelys Bend Rd has 2 Realtracs listing records in the GH Market Engine archive. Every dated event the engine holds for this address, newest first, with its source.
| Date | Event | Price | Source |
|---|---|---|---|
| Under contract | n/a | Realtracs MLS #3031285 | |
| Listed for sale | $359,900 | Realtracs MLS #3031285 | |
| Listed for sale | $359,900 | Realtracs MLS #3031286 | |
| Sold (public record) | $41,500 | Public record | |
| Sold (public record) | $14,700 | Public record | |
| Sold (public record) | $13,700 | Public record | |
| Sold (public record) | $10,000 | Public record |
Realtracs listing activity before June 18, 2026 is not in our archive. Recorded sales come from Davidson County public records. "by" marks a date the archive learned after the fact.
The Davidson County Assessor's appraised value of 1308 Neelys Bend Rd by year: $23,900 in 1999 to $198,500 in 2025, a change of +731%. Appraised value is the county's figure for taxation, not a market value or a sale price.
| Year | Land | Building | Yard items | Total | Category |
|---|---|---|---|---|---|
| 2025 | $100,000 | $89,100 | $9,400 | $198,500 | ROLL |
| 2021 | $55,000 | $21,900 | $6,900 | $83,800 | ROLL |
| 2017 | $31,000 | $36,400 | $3,300 | $70,700 | ROLL |
| 2013 | $25,000 | $21,300 | $2,500 | $48,800 | ROLL |
| 2009 | $26,000 | $13,600 | $2,200 | $41,800 | ROLL |
| 2005 | $24,100 | $17,300 | $2,000 | $43,400 | ROLL |
| 2001 | $20,200 | $18,700 | $1,700 | $40,600 | ROLL |
| 2000 | $16,100 | $4,800 | $1,500 | $23,900 | ROLL |
| 1999 | $16,100 | $4,800 | $1,500 | $23,900 | ROLL |
Source: Davidson County Assessor of Property, historical appraisal record, as recorded; totals are the county's own figures. Davidson County reappraises every four years (most recently 2025); other years reflect changes recorded between reappraisals.
Estimated monthly ownership for 1308 Neelys Bend Rd at $359,900: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $359,900 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 1308 Neelys Bend Rd is about $2,461/mo, 20% down on a 30-year fixed at 7.33% (a conforming loan), including principal & interest $1,980, estimated property tax $209, homeowners insurance $272. Estimate only; not a loan offer.
| Principal & interest | $1,980/mo |
|---|---|
| Property tax (est.) | $209/mo |
| Homeowners insurance (est.) | $272/mo |
| Estimated total | $2,461/mo |
Assumes 20% down, 30-year fixed at 7.33% (Mortgage News Daily, as of October 23, 2026). Property tax uses the Davidson County General Services District rate at the 25% TN residential ratio. Estimate only; not a loan offer or appraisal. Enable JavaScript to adjust down payment, term, loan type, and rate.
| 30-year rate | Principal & interest | Est. total / mo | vs current |
|---|---|---|---|
| 6.33% | $1,788/mo | $2,269/mo | -$192/mo |
| 6.83% | $1,883/mo | $2,364/mo | -$97/mo |
| 7.33% | $1,980/mo | $2,461/mo | current |
| 7.83% | $2,079/mo | $2,560/mo | +$99/mo |
| 8.33% | $2,179/mo | $2,660/mo | +$199/mo |
Principal & interest on a 30-year fixed at 20% down ($287,920 loan), with property tax, insurance held constant at $481/mo. Current 30-year fixed 7.33% (Mortgage News Daily, as of October 23, 2026). Estimate only; not a loan offer.
Owning 1308 Neelys Bend Rd runs about $2,461/mo all-in, from the payment estimate above. Whether buying beats renting turns on how long you stay, how fast prices and rents move, and the rent you would otherwise pay. Turn on JavaScript to model those assumptions and find the year buying pulls ahead.
Method: net cost to own equals down payment plus about 3% closing plus payments made, minus equity built (principal paid and appreciation) and about 7% exit costs, measured against cumulative rent. Broker commissions are not set by law and are fully negotiable. Estimate only; not financial advice.
The Davidson County appraised value of $198,500 trails the $359,900 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $1,381 now to roughly $2,503 (appraised value times the 25% Tennessee residential ratio times the Davidson County General Services District rate). Reassessment timing and the certified rate can change, and a purchase does not by itself trigger reassessment. Verify with the Davidson County Assessor of Property and Trustee. Estimate only.
| Metric | This home | Madison 37115 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $257 | $228 median | - |
| Price position | 66th pctile | +13% vs median | - |
This listing beside the active Madison 37115 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 29, 2026.
This listing beside the active Madison 37115 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 25, 2026.
Among the 257 active homes in Madison 37115, this home at $257/sq ft falls in the 66th percentile on price per square foot.
Computed by Grant Hammond from 257 Madison 37115 comparables (Realtracs via IDX), as of October 29, 2026, refreshed weekly.
Median list price per square foot for active single-family homes by high-school attendance zone. Attendance zones cross city mailing lines; this is a price comparison, not a rating.
| High-school zone | Median $/sq ft |
|---|---|
| Hillsboro | $460/sq ft |
| Stratford | $369/sq ft |
| Pearl-Cohn | $318/sq ft |
| Maplewood | $317/sq ft |
| Glencliff | $282/sq ft |
| James Lawson | $273/sq ft |
| John Overton | $263/sq ft |
| McGavock | $236/sq ft |
| Hunters Lane | $233/sq ft |
| Whites Creek | $233/sq ft |
| Cane Ridge | $220/sq ft |
| Antioch | $212/sq ft |
Computed by Grant Hammond from active Davidson County listings (Realtracs via IDX).
| Active listings | 127 in Madison homes |
|---|---|
| Recent absorption | about 28.2 sales / mo |
| Months of inventory | 4.5 months, a balanced market |
Over the past 12 months, homes in Madison homes sold at about 99.6% of list price.
Recorded sales in Madison homes: 477 in the past 12 months.
Supply-side and recent-sale context for Madison homes. Sale figures are trailing 6/12/24-month medians of recorded Madison homes closings. Source Realtracs via IDX, as of October 25, 2026.
1308 Neelys Bend Rd sits in Madison, Davidson County.
In Madison 37115, homes there are priced around $228 per square foot; inventory in Madison homes is running at about 4.5 months, a balanced market; recent sales closed near 99.6% of list price; 259 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 25, 2026.
Approximately 8.1 miles from downtown Nashville (straight-line distance).
1308 Neelys Bend Rd is zoned for Neely's Bend Elementary, Madison Middle, Hunters Lane Comp High School. Attendance zones and enrollment change, confirm current zoning with the Metro Nashville Public Schools district before relying on it.
Get the full details, recent comparable sales, and any off-market options for 1308 Neelys Bend Rd - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 1308 Neelys Bend Rd, by price and size.
Listed by Michael Hastings, Network Properties, LLC. Properties marked with the MTRMLS logo are provided courtesy of the Realtracs Internet Data Exchange Program. Information believed accurate but not guaranteed. IDX by Diverse Solutions.
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As of the latest update (October 21, 2025), 1308 Neelys Bend Rd, Madison is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
1308 Neelys Bend Rd was listed on October 14, 2025 and has been on the market 380 days as of October 29, 2026, per Realtracs.
No. The asking price has been $359,900 since it was listed on October 14, 2025.
1308 Neelys Bend Rd, Madison is listed at $359,900, about $257 per square foot across 1,400 square feet.
1 bedroom and 1.5 bathrooms (1 full, 1 half).
About $257 per square foot ($359,900 across 1,400 sqft).
1308 Neelys Bend Rd, Madison was built in 1960.
No garage is reported in the listing.
No HOA dues are reported for this home.
No subdivision is reported.
About $2,461 a month with 20% down on a 30-year fixed at 7.33%, principal and interest $1,980, estimated property tax $209, insurance $272. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
1308 Neelys Bend Rd, Madison is zoned for Neely's Bend Elementary, Madison Middle, Hunters Lane Comp High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 1308 Neelys Bend Rd, Madison is a standard residential home, not a permitted short-term rental. Ask Grant Hammond about STR-eligible inventory if that is your goal.
Request a time using the tour form on this page (in-person or a live video walkthrough), or call or text Grant Hammond, Compass RE, at (615) 945-7123. Most showings are confirmed within 24 to 48 hours.
Grant Hammond, Compass RE, can prepare and present your offer, walk you through price, contingencies, and timeline, and represent you through closing. Start with the form on this page or call (615) 945-7123. Broker fees are not set by law and are fully negotiable.
Yes. This page shows the full photo set and reported MLS fields; contact Grant Hammond, Compass RE, for a disclosure packet, recent comparable sales, and any off-market options.
Grant Hammond, Compass RE (TN Broker), with 25+ years and $1B+ in Middle Tennessee sales. Use the tour or question form on this page.
At about $257 per square foot, 1308 Neelys Bend Rd, Madison ranks in the 65th percentile of active Madison 37115 listings by price per square foot, roughly 13% above the Madison 37115 median; recent comparable sales in Madison 37115 closed near $231 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Madison homes market is currently balanced, at about 4.5 months of inventory; recent sales have closed near 99.6% of list price over the past year, per Realtracs as of October 25, 2026.
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