504 Canal Circle, Nashville, TN 37214
504 Canal Circle, Nashville, TN 37214, Conditional at $584,360 ($240/sq ft). 4 bd · 3.5 ba (3 full, 1 half) · 2,436 sqft · $240/sqft.
504 Canal Circle, Nashville, TN 37214, Conditional at $584,360 ($240/sq ft). 4 bd · 3.5 ba (3 full, 1 half) · 2,436 sqft · $240/sqft.
Conditional · $584,360
MLS #3243371 · listed June 1, 2026 · 91 days on market · updated June 15, 2026
4-bed, 3.5-bath home at 504 Canal Circle in Pennington Mills, Nashville, 2,436 sqft, $584,360 ($240/sqft), by M/I HOMES OF NASHVILLE LLC.
504 Canal Circle is a 4-bedroom, 3.5-bath home in Nashville, TN 37214, offered at $584,360, about $240/sq ft across 2,436 sq ft.
At $240/sq ft, this home is priced in line with the Pennington Mills list-price median of $240/sq ft.
Market read: the Pennington Mills market is seller-favored, at about 1.9 months of inventory.
All-in, about $3,819/mo at 20% down (6.81% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance, and HOA) run about $768/mo, roughly 20% of the all-in monthly payment.
At the current 6.81% 30-year rate, principal and interest on this home runs about $3,051/mo; at the 6.56% rate of about three months ago it would be roughly $2,973/mo, so monthly P&I is about $78 higher now.
School zone: assigned to Pennington Elementary, Two Rivers Middle, McGavock Comp High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 504 Canal Circle (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of June 15, 2026. RealTracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
Welcome to the LAST Dogwood plan available in Pennington Mills! This home has one of the best setups in the community with a large, flat backyard and a huge covered 30-foot patio complete with ceiling fans ? perfect for relaxing, entertaining, grilling, or watching the kids play. This 4 bed, 3.5 bath home blends suburban comfort with city convenience ? truly the suburbs in the city! Located in Donelson just minutes from downtown Nashville, Briley Parkway, restaurants, shopping, and entertainment. Inside, you?ll love the beautiful designer color selections, open layout, and oversized kitchen island that gives you tons of prep space and room for gathering. One of the bedrooms includes its own ensuite bathroom, making it ideal for guests or multi-generational living. Upstairs features a HUGE loft with enough space for a large sectional, media area, gaming setup, plus a desk or office space for working from home. Home qualifies for a 4.875% fixed 30-year interest rate at NO cost to the buyer, plus builder-paid closing costs with preferred lender incentives. Home must close by the end of June If you?ve been waiting for the right floorplan in Pennington Mills, this is your chance ? the final Dogwood is here!
Listing remarks via the RealTracs Internet Data Exchange.
Complete reported fields for 504 Canal Circle (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $584,360 | — |
Estimated monthly ownership for 504 Canal Circle at $584,360: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $584,360 |
|---|---|
| HOA dues | $80 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 504 Canal Circle is about $3,819/mo, 20% down on a 30-year fixed at 6.81% (a conforming loan), including principal & interest $3,051, estimated property tax $339, homeowners insurance $349, and HOA dues $80. Estimate only; not a loan offer.
| Principal & interest | $3,051/mo |
|---|---|
| Property tax (est.) | $339/mo |
| Homeowners insurance (est.) | $349/mo |
| HOA dues | $80/mo |
| Estimated total | $3,819/mo |
Assumes 20% down, 30-year fixed at 6.81% (Mortgage News Daily, as of August 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 |
|---|---|---|---|
| 5.81% | $2,746/mo | $3,514/mo | -$305/mo |
| 6.31% | $2,897/mo | $3,665/mo | -$154/mo |
| 6.81% | $3,051/mo | $3,819/mo | current |
| 7.31% | $3,208/mo | $3,976/mo | +$157/mo |
| 7.81% | $3,369/mo | $4,137/mo | +$318/mo |
Principal & interest on a 30-year fixed at 20% down ($467,488 loan), with property tax, insurance, and HOA held constant at $768/mo. Current 30-year fixed 6.81% (Mortgage News Daily, as of August 28, 2026). Estimate only; not a loan offer.
Owning 504 Canal Circle runs about $3,819/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.
| Metric | This home | Pennington Mills active | Recently sold |
|---|---|---|---|
| Price / sq ft | $240 | $240 median | - |
| Price position | 51st pctile | 0% vs median | - |
This listing beside the active Pennington Mills market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of August 30, 2026.
Among the 12 active homes in Pennington Mills, this home at $240/sq ft falls in the 51st percentile on price per square foot.
Computed by Grant Hammond from 12 Pennington Mills comparables (RealTracs via IDX), as of August 30, 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 | 6 in Pennington Mills |
|---|---|
| Recent absorption | about 3.2 sales / mo |
| Months of inventory | 1.9 months, a seller-favored market (tight supply) |
Supply-side and recent-sale context for Pennington Mills. Sale figures are trailing 6/12/24-month medians of recorded Pennington Mills closings. Source RealTracs via IDX, as of August 29, 2026.
504 Canal Circle sits in Pennington Mills, Nashville, Davidson County.
In Pennington Mills, homes there are priced around $240 per square foot; inventory is running at about 1.9 months, a seller-favored market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-08-30.
Approximately 6.6 miles from downtown Nashville (straight-line distance).
504 Canal Circle is zoned for Pennington Elementary, Two Rivers Middle, McGavock 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 504 Canal Circle - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable active listings near 504 Canal Circle, by price and size.
Listed with M/I HOMES OF NASHVILLE 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 (June 15, 2026), 504 Canal Circle, Nashville is conditional, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
504 Canal Circle, Nashville is listed at $584,360, about $240 per square foot across 2,436 square feet.
4 bedrooms and 3.5 bathrooms (3 full, 1 half).
About $240 per square foot ($584,360 across 2,436 sqft).
504 Canal Circle, Nashville was built in 2025.
Yes, 2 garage spaces, per the listing.
HOA dues are $80 per month, as listed.
504 Canal Circle, Nashville is in the Pennington Mills subdivision of Nashville.
About $3,819 a month with 20% down on a 30-year fixed at 6.81%, principal and interest $3,051, estimated property tax $339, insurance $349, and HOA $80. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
504 Canal Circle, Nashville is zoned for Pennington Elementary, Two Rivers Middle, McGavock Comp High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 504 Canal Circle, Nashville 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 $240 per square foot, 504 Canal Circle, Nashville ranks in the 51st percentile of active Pennington Mills listings by price per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Pennington Mills market is currently seller-favored (tight supply), at about 1.9 months of inventory, per RealTracs as of 2026-08-29.
Thinking of selling in Pennington Mills?
Get a data-driven estimate of your home's value from Grant Hammond, Compass RE.