601 Madison St 101, Nashville, TN 37208
601 Madison St 101, Nashville, TN 37208, Active at $588,800 ($603/sq ft). 1 bd · 1 ba · 976 sqft · $603/sqft · 0.02 ac.
601 Madison St 101, Nashville, TN 37208, Active at $588,800 ($603/sq ft). 1 bd · 1 ba · 976 sqft · $603/sqft · 0.02 ac.
Active · $588,800
MLS #3135420 · listed June 21, 2026 · 34 days on market · updated June 28, 2026
1-bed, 1-bath condo at 601 Madison St 101 in Elliott School, Nashville, 976 sqft, $588,800 ($603/sqft), by Onward Real Estate.
601 Madison St 101 is a 1-bedroom, 1-bath condo in Nashville, TN 37208, offered at $588,800, about $603/sq ft across 976 sq ft.
Market read: the Nashville 37208 condos market is buyer-favored, at about 13.4 months of inventory.
All-in, about $4,164/mo at 20% down (6.68% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this condo (property tax, insurance, and HOA) run about $1,131/mo, roughly 27% of the all-in monthly payment.
At the current 6.68% 30-year rate, principal and interest on this condo runs about $3,033/mo; at the 6.277% rate of about three months ago it would be roughly $2,909/mo, so monthly P&I is about $124 higher now.
Next step: ask Grant Hammond anything about 601 Madison St 101 (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of June 28, 2026. RealTracs via IDX.
This is a condominium; HOA dues and building context are factored into the cost and pricing analysis below.
More context: Nashville condos and building guides.
Complete reported fields for 601 Madison St 101 (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $588,800 | — |
Estimated monthly ownership for 601 Madison St 101 at $588,800: principal & interest, property tax, insurance, and the HOA fee decomposed below. Estimate only; not a loan offer.
| List price | $588,800 |
|---|---|
| HOA dues | $435 / mo |
| HOA fee includes | Confirm per building (commonly insurance, exterior maintenance, amenities); the fee is part of true monthly cost. |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 601 Madison St 101 is about $4,164/mo, 20% down on a 30-year fixed at 6.68% (a conforming loan), including principal & interest $3,033, estimated property tax $345, homeowners insurance $351, and HOA dues $435. Estimate only; not a loan offer.
| Principal & interest | $3,033/mo |
|---|---|
| Property tax (est.) | $345/mo |
| Homeowners insurance (est.) | $351/mo |
| HOA dues | $435/mo |
| Estimated total | $4,164/mo |
Assumes 20% down, 30-year fixed at 6.68% (Freddie Mac PMMS, as of 2026-07-23). Property tax uses the Davidson County Urban 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 |
|---|---|---|---|
| 5.68% | $2,728/mo | $3,859/mo | -$305/mo |
| 6.18% | $2,879/mo | $4,010/mo | -$154/mo |
| 6.68% | $3,033/mo | $4,164/mo | current |
| 7.18% | $3,191/mo | $4,322/mo | +$158/mo |
| 7.68% | $3,352/mo | $4,483/mo | +$319/mo |
Principal & interest on a 30-year fixed at 20% down ($471,040 loan), with property tax, insurance, and HOA held constant at $1,131/mo. Current 30-year fixed 6.68% (Freddie Mac PMMS, as of 2026-07-23). Estimate only; not a loan offer.
Owning 601 Madison St 101 runs about $4,164/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.
| HOA dues | $435 / mo (about 10% of the estimated total payment) |
|---|---|
| HOA per year | $5,220 |
| HOA over 5 years | $26,100 (at current dues) |
| Effective carrying cost | $4.266 / sq ft / mo (estimated total over 976 sq ft) |
HOA dues are part of true monthly cost and typically cover items such as building insurance, exterior maintenance, and amenities; coverage varies by building. Dues can change and buildings may levy special assessments, so review the current budget, reserve study, and any planned assessments before offering. Figures use current dues; estimate only, not a loan offer.
| Metric | This condo | Nashville 37208 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $603 | $334 median | - |
| Price position | 89th pctile | +81% vs median | - |
This listing beside the active Nashville 37208 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of 2026-07-24.
At $603/sq ft, this condo ranks in the 89th percentile of the 328 active condos in Nashville 37208 by price per square foot.
Computed by Grant Hammond from 328 Nashville 37208 comparables (RealTracs via IDX), as of 2026-07-24, refreshed weekly.
| Active listings | 183 in Nashville 37208 condos |
|---|---|
| Recent absorption | about 13.7 sales / mo |
| Months of inventory | 13.4 months, a buyer-favored market (ample supply) |
Supply-side and recent-sale context for Nashville 37208 condos. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37208 condos closings. Source RealTracs via IDX, as of 2026-07-22.
601 Madison St 101 sits in Elliott School, Nashville, Davidson County.
In Nashville 37208, homes there are priced around $334 per square foot; inventory in Nashville 37208 condos is running at about 13.4 months, a buyer-favored market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-07-24.
601 Madison St 101 is zoned for Jones Paideia Magnet, John Early Paideia Magnet, Pearl Cohn Magnet 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 601 Madison St 101 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
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Listed with Onward Real Estate. 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 (June 28, 2026), 601 Madison St 101, Nashville is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
601 Madison St 101, Nashville is listed at $588,800, about $603 per square foot across 976 square feet.
1 bedroom and 1 bathroom.
About $603 per square foot ($588,800 across 976 sqft).
601 Madison St 101, Nashville was built in 1916.
Yes, 1 garage spaces, per the listing.
HOA dues are $435 per month, as listed.
601 Madison St 101, Nashville is in the Elliott School subdivision of Nashville.
About $4,164 a month with 20% down on a 30-year fixed at 6.68%, principal and interest $3,033, estimated property tax $345, insurance $351, and HOA $435. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
601 Madison St 101, Nashville is zoned for Jones Paideia Magnet, John Early Paideia Magnet, Pearl Cohn Magnet High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
HOA dues are $435 per month; coverage varies by building (commonly insurance, exterior maintenance, and amenities). Confirm the fee-includes for this building.
At $603 per square foot, 601 Madison St 101, Nashville is in the 89th percentile of active listings in the Nashville 37208, about 81% above the $334 building median, on a fee-adjusted price-per-square-foot basis. Comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
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 $603 per square foot, 601 Madison St 101, Nashville ranks in the 89th percentile of active Nashville 37208 listings by price per square foot, roughly 81% above the Nashville 37208 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37208 condos market is currently buyer-favored (ample supply), at about 13.4 months of inventory, per RealTracs as of 2026-07-22.
Thinking of selling in Elliott School?
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