1102 Fernbank Dr, Madison, TN 37115
1102 Fernbank Dr, Madison, TN 37115, Active at $350,000 ($386/sq ft). 2 bd · 2 ba · 906 sqft · $386/sqft · 0.21 ac.
1102 Fernbank Dr, Madison, TN 37115, Active at $350,000 ($386/sq ft). 2 bd · 2 ba · 906 sqft · $386/sqft · 0.21 ac.
Active · $350,000
MLS #3216742 · listed May 20, 2026 · 162 days on market · updated October 10, 2026
2-bed, 2-bath home at 1102 Fernbank Dr in Montague, Madison, 906 sqft, $350,000 ($386/sqft), by The Ashton Real Estate Group of RE/MAX Advantage.
1102 Fernbank Dr is a 2-bedroom, 2-bath home in Madison, TN 37115, offered at $350,000, about $386/sq ft across 906 sq ft.
At $386/sq ft, this home is about 70% above the Madison 37115 median list price per square foot of $227.
Recently sold in Madison 37115: 245 comparable homes from $230,000 to $470,000, a median of $232/sq ft.
Market read: the Madison homes market is balanced, at about 4.3 months of inventory; recent sales have closed near 99.3% of list over the past year.
All-in, about $2,400/mo at 20% down (7.35% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $471/mo, roughly 20% of the all-in monthly payment.
At the current 7.35% 30-year rate, principal and interest on this home runs about $1,929/mo; at the 6.77% rate of about three months ago it would be roughly $1,820/mo, so monthly P&I is about $109 higher now.
School zone: assigned to Stratton 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 1102 Fernbank Dr (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 10, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Madison.
Deeply loved, 2024-built SINGLE-FAMILY home with NO HOA + OO STR permit eligibility in Madison! Tucked at the end of a quiet dead-end street, this 2 bed / 2 bath modern cottage offers vaulted ceilings, oversized windows, abundant natural light + a fully fenced backyard surrounded by mature trees. The designer kitchen features soft-close cabinetry, stone countertops carried up the backsplash + under-cabinet lighting. Thoughtful architecture and warm wood details make every inch of the 906 SF footprint count. Private driveway with ample parking + convenient access to East Nashville, Downtown Nashville and major commuter routes. Newer construction, privacy + investment potential, all in a true detached home with no HOA.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 1102 Fernbank Dr (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $350,000 | -$9,000 (-2.5%) | |
| Price change | $359,000 | -$10,000 (-2.7%) | |
| Price change | $369,000 | -$6,000 (-1.6%) | |
| Listed | $375,000 | ||
| Deed recorded | $349,000 |
Listed May 20, 2026, this listing has been on the market 162 days as of October 29, 2026. The price has been reduced 3 times, from $375,000 to $350,000 (-6.7%), most recently on October 10, 2026.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
The Davidson County Assessor's appraised value of 1102 Fernbank Dr by year: $13,000 in 2003 to $311,500 in 2025, a change of +2296%. 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 | $90,000 | $221,500 | $0 | $311,500 | ROLL |
| 2024 | $47,500 | $176,900 | $0 | $224,400 | PR |
| 2021 | $47,500 | $0 | $0 | $47,500 | ROLL |
| 2017 | $20,000 | $0 | $0 | $20,000 | ROLL |
| 2013 | $16,000 | $0 | $0 | $16,000 | ROLL |
| 2009 | $20,000 | $0 | $0 | $20,000 | ROLL |
| 2005 | $15,000 | $0 | $0 | $15,000 | ROLL |
| 2003 | $13,000 | $0 | $0 | $13,000 | 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 1102 Fernbank Dr at $350,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $350,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 1102 Fernbank Dr is about $2,400/mo, 20% down on a 30-year fixed at 7.35% (a conforming loan), including principal & interest $1,929, estimated property tax $203, homeowners insurance $268. Estimate only; not a loan offer.
| Principal & interest | $1,929/mo |
|---|---|
| Property tax (est.) | $203/mo |
| Homeowners insurance (est.) | $268/mo |
| Estimated total | $2,400/mo |
Assumes 20% down, 30-year fixed at 7.35% (Mortgage News Daily, as of October 28, 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 |
|---|---|---|---|
| 6.35% | $1,742/mo | $2,213/mo | -$187/mo |
| 6.85% | $1,835/mo | $2,306/mo | -$94/mo |
| 7.35% | $1,929/mo | $2,400/mo | current |
| 7.85% | $2,025/mo | $2,496/mo | +$96/mo |
| 8.35% | $2,123/mo | $2,594/mo | +$194/mo |
Principal & interest on a 30-year fixed at 20% down ($280,000 loan), with property tax, insurance held constant at $471/mo. Current 30-year fixed 7.35% (Mortgage News Daily, as of October 28, 2026). Estimate only; not a loan offer.
Owning 1102 Fernbank Dr runs about $2,400/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 $311,500 trails the $350,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $2,166 now to roughly $2,434 (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 | $386 | $228 median | - |
| Price position | 91st pctile | +69% 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.
Among the 257 active homes in Madison 37115, this home at $386/sq ft falls in the 91st 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 | 122 in Madison homes |
|---|---|
| Recent absorption | about 28.4 sales / mo |
| Months of inventory | 4.3 months, a balanced market |
Over the past 12 months, homes in Madison homes sold at about 99.3% of list price.
Recorded sales in Madison homes: 426 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 11, 2026.
1102 Fernbank Dr sits in Montague, Madison, Davidson County.
In Madison 37115, homes there are priced around $227 per square foot; inventory in Madison homes is running at about 4.3 months, a balanced market; recent sales closed near 99.3% of list price; 245 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 11, 2026.
Approximately 7.2 miles from downtown Nashville (straight-line distance).
1102 Fernbank Dr is zoned for Stratton 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 1102 Fernbank Dr - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 1102 Fernbank Dr, by price and size.
Listed by Gary Ashton, The Ashton Real Estate Group of RE/MAX Advantage. 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.
Nashville housing market, September 2026: contracts down 3%, supply at 5.41 months, rates at 7.28%. What it means for buyers and sellers.
August 2026 Middle Tennessee real estate data shows active inventory up 10% year over year to 14,294 homes, months of supply at 5.59, and the average sale price up 3% to $637,141 while the median held flat at $450,000. Preliminary closings and listing counts will revise; this post updates September 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
July 2026 Middle Tennessee real estate data shows the average sale price up 6% year over year to $646,875, active inventory up 9%, and new contracts down 1% even as closings fell 8% and new listings dropped 19%. Months of supply rose to 4.92. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
Brentwood does not price as one market. Over the trailing 24 months, the new-construction enclaves Rosebrooke (about $3.74M median) and Witherspoon (about $3.33M) price above the established gated golf community at Governors Club (about $2.35M), against a townwide median near $1.58M. A Nashville broker's subdivision-level read for summer 2026 with live listings.
As of the latest update (October 10, 2026), 1102 Fernbank Dr, Madison is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
1102 Fernbank Dr was listed on May 20, 2026 and has been on the market 162 days as of October 29, 2026, per Realtracs.
Yes. It was first listed at $375,000. The price has been reduced 3 times, most recently to $350,000 on October 10, 2026, a total change of -6.7%.
1102 Fernbank Dr, Madison is listed at $350,000, about $386 per square foot across 906 square feet.
2 bedrooms and 2 bathrooms.
About $386 per square foot ($350,000 across 906 sqft).
1102 Fernbank Dr, Madison was built in 2024.
No garage is reported in the listing.
No HOA dues are reported for this home.
1102 Fernbank Dr, Madison is in the Montague subdivision of Madison.
About $2,400 a month with 20% down on a 30-year fixed at 7.35%, principal and interest $1,929, estimated property tax $203, insurance $268. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
1102 Fernbank Dr, Madison is zoned for Stratton Elementary, Madison Middle, Hunters Lane Comp High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 1102 Fernbank Dr, 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 $386 per square foot, 1102 Fernbank Dr, Madison ranks in the 91st percentile of active Madison 37115 listings by price per square foot, roughly 70% above the Madison 37115 median; recent comparable sales in Madison 37115 closed near $232 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 4.3 months of inventory; recent sales have closed near 99.3% of list price over the past year, per Realtracs as of October 11, 2026.
Thinking of selling in Montague?
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