509 Drake Ave, Nashville, TN 37211
509 Drake Ave, Nashville, TN 37211, Active at $358,000 ($398/sq ft). 2 bd · 2 ba · 900 sqft · $398/sqft · 0.22 ac.
509 Drake Ave, Nashville, TN 37211, Active at $358,000 ($398/sq ft). 2 bd · 2 ba · 900 sqft · $398/sqft · 0.22 ac.
Active · $358,000
MLS #3247713 · listed June 23, 2026 · 125 days on market · updated October 20, 2026
2-bed, 2-bath home at 509 Drake Ave in W M Coleman, Nashville, 900 sqft, $358,000 ($398/sqft), by OPENDOOR BROKERAGE, LLC.
509 Drake Ave is a 2-bedroom, 2-bath home in Nashville, TN 37211, offered at $358,000, about $398/sq ft across 900 sq ft.
At $398/sq ft, this home is about 57% above the Nashville 37211 median list price per square foot of $253.
Recently sold in Nashville 37211: 300 comparable homes from $240,000 to $482,000, a median of $261/sq ft.
Market read: the Nashville 37211 homes market is balanced as of September 26, 2026, at about 4.5 months of inventory; recent sales have closed near 98.7% of list in the 12 months to October 21, 2026.
All-in, about $2,461/mo at 20% down (7.40% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $478/mo, roughly 19% of the all-in monthly payment.
At the current 7.40% 30-year rate, principal and interest on this home runs about $1,983/mo; at the 6.77% rate of about three months ago it would be roughly $1,861/mo, so monthly P&I is about $122 higher now.
School zone: assigned to Glencliff Elementary, Wright Middle, Glencliff High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 509 Drake Ave (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 20, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
Check out 509 Drake Ave, recently updated with fresh interior paint throughout the living spaces. The kitchen features an accent backsplash, and the primary bedroom includes double closets for organized storage. A spacious deck extends to a fully fenced backyard, providing outdoor functionality. This updated residence brings together style and outdoor enjoyment, don't miss it.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 509 Drake Ave (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Off market | |||
| Price change | $358,000 | -$22,000 (-5.8%) | |
| Listed | $380,000 | ||
| Deed recorded | $324,400 | ||
| Deed recorded | $298,000 | ||
| Deed recorded | $259,900 | ||
| Deed recorded | $119,000 | ||
| Deed recorded | $100,000 | ||
| Deed recorded | $82,500 | ||
| Deed recorded | $55,000 | ||
| Deed recorded | $40,000 | ||
| Deed recorded | $37,000 | ||
| Deed recorded | $40,500 | ||
| Deed recorded | $5,950 |
Listed June 23, 2026, this listing was on the market 125 days before it left the market. The price has been reduced once, from $380,000 to $358,000 (-5.8%). The most recent change was first seen on our daily record August 11, 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 509 Drake Ave by year: $46,700 in 1999 to $315,500 in 2025, a change of +576%. 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 | $125,000 | $190,500 | $0 | $315,500 | ROLL |
| 2021 | $95,000 | $143,700 | $0 | $238,700 | ROLL |
| 2018 | $70,000 | $114,600 | $0 | $184,600 | PR |
| 2017 | $70,000 | $34,900 | $0 | $104,900 | ROLL |
| 2013 | $16,000 | $48,200 | $0 | $64,200 | ROLL |
| 2009 | $19,000 | $55,700 | $0 | $74,700 | ROLL |
| 2005 | $15,000 | $56,400 | $0 | $71,400 | ROLL |
| 2001 | $12,500 | $38,500 | $0 | $51,000 | ROLL |
| 2000 | $12,500 | $34,200 | $0 | $46,700 | ROLL |
| 1999 | $12,500 | $34,200 | $0 | $46,700 | 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 509 Drake Ave at $358,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $358,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 509 Drake Ave is about $2,461/mo, 20% down on a 30-year fixed at 7.40% (a conforming loan), including principal & interest $1,983, estimated property tax $207, homeowners insurance $271. Estimate only; not a loan offer.
| Principal & interest | $1,983/mo |
|---|---|
| Property tax (est.) | $207/mo |
| Homeowners insurance (est.) | $271/mo |
| Estimated total | $2,461/mo |
Assumes 20% down, 30-year fixed at 7.40% (Mortgage News Daily, as of October 20, 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 |
|---|---|---|---|
| 6.40% | $1,791/mo | $2,269/mo | -$192/mo |
| 6.90% | $1,886/mo | $2,364/mo | -$97/mo |
| 7.40% | $1,983/mo | $2,461/mo | current |
| 7.90% | $2,082/mo | $2,560/mo | +$99/mo |
| 8.40% | $2,182/mo | $2,660/mo | +$199/mo |
Principal & interest on a 30-year fixed at 20% down ($286,400 loan), with property tax, insurance held constant at $478/mo. Current 30-year fixed 7.40% (Mortgage News Daily, as of October 20, 2026). Estimate only; not a loan offer.
Owning 509 Drake Ave 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 $315,500 trails the $358,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $2,194 now to roughly $2,490 (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 | Nashville 37211 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $398 | $253 median | - |
| Price position | 90th pctile | +57% vs median | - |
| Nashville 37211 vs greater Nashville | - | -24% | - |
This listing beside the active Nashville 37211 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 28, 2026.
This listing beside the active Nashville 37211 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 21, 2026.
Among the active homes in Nashville 37211, this home at $398/sq ft falls in the 90th percentile on price per square foot.
Nashville 37211 trades about 24% below greater Nashville on a price-per-square-foot basis.
Taken together, this home reads toward the higher end per square foot for Nashville 37211.
Computed by Grant Hammond from the active Nashville 37211 comparables (Realtracs via IDX), as of October 28, 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 | 229 in Nashville 37211 homes |
|---|---|
| Recent absorption | about 50.9 sales / mo |
| Months of inventory | 4.5 months, a balanced market |
Over the past 12 months, homes in Nashville 37211 homes sold at about 98.7% of list price.
Recorded sales in Nashville 37211 homes: 772 in the past 12 months.
Supply-side and recent-sale context for Nashville 37211 homes. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37211 homes closings. Source Realtracs via IDX, as of September 26, 2026.
509 Drake Ave sits in W M Coleman, Nashville, Davidson County.
In Nashville 37211, homes there are priced around $253 per square foot; inventory in Nashville 37211 homes is running at about 4.5 months, a balanced market; recent sales closed near 98.7% of list price; 300 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 21, 2026.
Approximately 4.6 miles from downtown Nashville (straight-line distance).
509 Drake Ave is zoned for Glencliff Elementary, Wright Middle, Glencliff 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 509 Drake Ave - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 509 Drake Ave, by price and size.
Listed by Karen Albright, OPENDOOR BROKERAGE, 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.
Nashville housing market 2026 outlook shows rising inventory, rate-sensitive buyers, and county-level divergence between Davidson and Williamson Counties.
September 2026 Middle Tennessee real estate data shows active inventory up 8% year over year to 14,249 homes, months of supply at 5.41, and the average sale price up 5% to $631,993 while the median rose 2% to $444,169. Preliminary closings and listing counts will revise; this post updates October 9. Analysis covers Davidson, Williamson, Rutherford, Wilson, and Maury Counties.
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.
As of the latest update (October 20, 2026), 509 Drake Ave, Nashville is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
509 Drake Ave was listed on June 23, 2026 and left the market on October 26, 2026, after 125 days on the market, per Realtracs.
Yes. It was first listed at $380,000. The price has been reduced once, most recently to $358,000 by August 11, 2026, a total change of -5.8%.
509 Drake Ave, Nashville is listed at $358,000, about $398 per square foot across 900 square feet.
2 bedrooms and 2 bathrooms.
About $398 per square foot ($358,000 across 900 sqft).
509 Drake Ave, Nashville was built in 1934.
No garage is reported in the listing.
No HOA dues are reported for this home.
509 Drake Ave, Nashville is in the W M Coleman subdivision of Nashville.
About $2,461 a month with 20% down on a 30-year fixed at 7.40%, principal and interest $1,983, estimated property tax $207, insurance $271. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
509 Drake Ave, Nashville is zoned for Glencliff Elementary, Wright Middle, Glencliff High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 509 Drake Ave, 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 $398 per square foot, 509 Drake Ave, Nashville ranks in the 90th percentile of active Nashville 37211 listings by price per square foot, roughly 57% above the Nashville 37211 median; recent comparable sales in Nashville 37211 closed near $261 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37211 homes market is currently balanced, at about 4.5 months of inventory; recent sales have closed near 98.7% of list price over the past year, per Realtracs as of September 26, 2026.
Thinking of selling in W M Coleman?
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