3196 Penn Meade Way, Nashville, TN 37214
3196 Penn Meade Way, Nashville, TN 37214, Active at $289,000 ($295/sq ft). 3 bd · 2 ba · 980 sqft · $295/sqft · 0.08 ac.
3196 Penn Meade Way, Nashville, TN 37214, Active at $289,000 ($295/sq ft). 3 bd · 2 ba · 980 sqft · $295/sqft · 0.08 ac.
Active · $289,000
MLS #3282539 · listed July 1, 2026 · 121 days on market · updated October 6, 2026
3-bed, 2-bath home at 3196 Penn Meade Way in River Glen, Nashville, 980 sqft, $289,000 ($295/sqft), by simpliHOM.
3196 Penn Meade Way is a 3-bedroom, 2-bath home in Nashville, TN 37214, offered at $289,000, about $295/sq ft across 980 sq ft.
At $295/sq ft, this home is about 20% above the Nashville 37214 median list price per square foot of $246.
Recently sold in River Glen: 20 comparable homes from $245,000 to $358,800, a median of $303/sq ft; this listing at $295/sq ft is about 3% below recent sold prices.
Market read: the River Glen market is balanced as of October 18, 2026, at about 3 months of inventory; recent sales have closed near 100% of list in the 12 months to October 22, 2026.
All-in, about $2,015/mo at 20% down (7.40% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance, and HOA) run about $414/mo, roughly 21% of the all-in monthly payment.
At the current 7.40% 30-year rate, principal and interest on this home runs about $1,601/mo; at the 6.77% rate of about three months ago it would be roughly $1,503/mo, so monthly P&I is about $98 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 3196 Penn Meade Way (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 6, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
Beautifully updated one-level home in the highly desirable Donelson area! This move-in-ready home offers 3 bedrooms, 2 full bathrooms, and 980 square feet of comfortable living space with a functional open floor plan. Recent updates include luxury vinyl plank (LVP) flooring throughout and fresh interior paint, creating a bright and modern feel. The kitchen features granite countertops and includes all kitchen appliances, making it truly move-in ready. An attached one-car garage provides added convenience. Enjoy the peaceful backyard with direct access to the neighborhood pond, offering a beautiful waterfront setting for morning coffee, evening relaxation, or gatherings with family and friends. Conveniently located just minutes from Oprey Mills, Downtown Nashville, BNA Airport, shopping, dining, parks, and major interstates, this home combines comfort, convenience, and scenic outdoor living in one of Donelson's most desirable locations. NEW ROOF IN PROGRESS, WILL BE INSTALLED SOON!
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 3196 Penn Meade Way (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $289,000 | -$6,000 (-2.0%) | |
| Price change | $295,000 | -$10,000 (-3.3%) | |
| Listed | $305,000 | ||
| Deed recorded | $130,000 | ||
| Deed recorded | $108,519 | ||
| Deed recorded | $37,830 | ||
| Deed of correction | $0 | ||
| Deed of correction | $0 | ||
| Deed of correction | $0 |
Listed July 1, 2026, this listing has been on the market 121 days as of October 30, 2026. The price has been reduced 2 times, from $305,000 to $289,000 (-5.2%), most recently on October 6, 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 3196 Penn Meade Way by year: $103,700 in 2006 to $317,500 in 2025, a change of +206%. 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 | $61,000 | $256,500 | $0 | $317,500 | ROLL |
| 2021 | $40,000 | $192,500 | $0 | $232,500 | ROLL |
| 2017 | $28,000 | $130,800 | $0 | $158,800 | ROLL |
| 2013 | $21,000 | $65,200 | $0 | $86,200 | ROLL |
| 2010 | $24,000 | $61,400 | $0 | $85,400 | FP |
| 2009 | $24,000 | $93,400 | $0 | $117,400 | ROLL |
| 2006 | $21,500 | $82,200 | $0 | $103,700 | PR |
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 3196 Penn Meade Way at $289,000: principal & interest, property tax, insurance, and HOA. Estimate only; not a loan offer.
| List price | $289,000 |
|---|---|
| HOA dues | $7 / mo |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 3196 Penn Meade Way is about $2,015/mo, 20% down on a 30-year fixed at 7.40% (a conforming loan), including principal & interest $1,601, estimated property tax $167, homeowners insurance $240, and HOA dues $7. Estimate only; not a loan offer.
| Principal & interest | $1,601/mo |
|---|---|
| Property tax (est.) | $167/mo |
| Homeowners insurance (est.) | $240/mo |
| HOA dues | $7/mo |
| Estimated total | $2,015/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% | $1,446/mo | $1,860/mo | -$155/mo |
| 6.90% | $1,523/mo | $1,937/mo | -$78/mo |
| 7.40% | $1,601/mo | $2,015/mo | current |
| 7.90% | $1,680/mo | $2,094/mo | +$79/mo |
| 8.40% | $1,761/mo | $2,175/mo | +$160/mo |
Principal & interest on a 30-year fixed at 20% down ($231,200 loan), with property tax, insurance, and HOA held constant at $414/mo. Current 30-year fixed 7.40% (Mortgage News Daily, as of October 20, 2026). Estimate only; not a loan offer.
Owning 3196 Penn Meade Way runs about $2,015/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 | Nashville 37214 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $295 | $245 median | - |
| Price position | 77th pctile | +20% vs median | - |
| Nashville 37214 vs greater Nashville | - | -27% | - |
This listing beside the active Nashville 37214 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 30, 2026.
This listing beside the active Nashville 37214 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 22, 2026.
At $295/sq ft, this home ranks in the 77th percentile of the 209 active homes in Nashville 37214 by price per square foot.
Nashville 37214 trades about 27% below greater Nashville on a price-per-square-foot basis.
Taken together, this home reads toward the higher end per square foot for Nashville 37214.
Computed by Grant Hammond from 209 Nashville 37214 comparables (Realtracs via IDX), as of October 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 River Glen |
|---|---|
| Recent absorption | about 2 sales / mo |
| Months of inventory | 3 months, a balanced market |
Over the past 12 months, homes in River Glen sold at about 100% of list price.
Recorded sales in River Glen: 21 in the past 12 months.
Supply-side and recent-sale context for River Glen. Sale figures are trailing 6/12/24-month medians of recorded River Glen closings. Source Realtracs via IDX, as of October 18, 2026.
3196 Penn Meade Way sits in River Glen, Nashville, Davidson County.
In Nashville 37214, homes there are priced around $246 per square foot; inventory in River Glen is running at about 3 months, a balanced market; recent sales in River Glen closed near 100% of list price; 20 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 22, 2026.
Approximately 7.1 miles from downtown Nashville (straight-line distance).
3196 Penn Meade Way 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 3196 Penn Meade Way - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 3196 Penn Meade Way, by price and size.
Listed by Maha Hindiyeh, simpliHOM. 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 6, 2026), 3196 Penn Meade Way, Nashville is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
3196 Penn Meade Way was listed on July 1, 2026 and has been on the market 121 days as of October 30, 2026, per Realtracs.
Yes. It was first listed at $305,000. The price has been reduced 2 times, most recently to $289,000 on October 6, 2026, a total change of -5.2%.
3196 Penn Meade Way, Nashville is listed at $289,000, about $295 per square foot across 980 square feet.
3 bedrooms and 2 bathrooms.
About $295 per square foot ($289,000 across 980 sqft).
3196 Penn Meade Way, Nashville was built in 2006.
Yes, 1 garage spaces, per the listing.
HOA dues are $7 per month, as listed.
3196 Penn Meade Way, Nashville is in the River Glen subdivision of Nashville.
About $2,015 a month with 20% down on a 30-year fixed at 7.40%, principal and interest $1,601, estimated property tax $167, insurance $240, and HOA $7. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
3196 Penn Meade Way, 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, 3196 Penn Meade Way, 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 $295 per square foot, 3196 Penn Meade Way, Nashville ranks in the 76th percentile of active Nashville 37214 listings by price per square foot, roughly 20% above the Nashville 37214 median; recent comparable sales in Nashville 37214 closed near $303 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The River Glen market is currently balanced, at about 3 months of inventory; recent sales have closed near 100% of list price over the past year, per Realtracs as of October 18, 2026.
Thinking of selling in River Glen?
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