741 Lake Terrace Dr, Nashville, TN 37217
741 Lake Terrace Dr, Nashville, TN 37217, Active at $229,700 ($224/sq ft). 2 bd · 1.5 ba (1 full, 1 half) · 1,024 sqft · $224/sqft · 0.05 ac.
741 Lake Terrace Dr, Nashville, TN 37217, Active at $229,700 ($224/sq ft). 2 bd · 1.5 ba (1 full, 1 half) · 1,024 sqft · $224/sqft · 0.05 ac.
Active · $229,700
MLS #3335286 · updated August 5, 2026
2-bed, 1.5-bath home at 741 Lake Terrace Dr in Harbor Gate, Nashville, 1,024 sqft, $229,700 ($224/sqft), by Professional Real Estate Services.
741 Lake Terrace Dr is a 2-bedroom, 1.5-bath home in Nashville, TN 37217, offered at $229,700, about $224/sq ft across 1,024 sq ft.
At $224/sq ft, this home is about 7% above the Nashville 37217 median list price per square foot of $209.
Market read: the Nashville 37217 homes market is balanced, at about 5.7 months of inventory.
All-in, about $1,502/mo at 20% down (6.649% 30-year fixed).
At the current 6.649% 30-year rate, principal and interest on this home runs about $1,180/mo; at the 6.339% rate of about three months ago it would be roughly $1,142/mo, so monthly P&I is about $38 higher now.
School zone: assigned to Smith Springs Elementary School, John F. Kennedy Middle, Cane Ridge High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 741 Lake Terrace Dr (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of August 5, 2026. RealTracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
Complete reported fields for 741 Lake Terrace Dr (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Last recorded sale | $200,000 | — |
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 741 Lake Terrace Dr at $229,700: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $229,700 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 741 Lake Terrace Dr is about $1,502/mo, 20% down on a 30-year fixed at 6.649% (a conforming loan), including principal & interest $1,180, estimated property tax $133, homeowners insurance $189. Estimate only; not a loan offer.
| Principal & interest | $1,180/mo |
|---|---|
| Property tax (est.) | $133/mo |
| Homeowners insurance (est.) | $189/mo |
| Estimated total | $1,502/mo |
Assumes 20% down, 30-year fixed at 6.649% (Freddie Mac PMMS, as of 2026-08-05). 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 |
|---|---|---|---|
| 5.649% | $1,061/mo | $1,383/mo | -$119/mo |
| 6.149% | $1,119/mo | $1,441/mo | -$61/mo |
| 6.649% | $1,180/mo | $1,502/mo | current |
| 7.149% | $1,241/mo | $1,563/mo | +$61/mo |
| 7.649% | $1,304/mo | $1,626/mo | +$124/mo |
Principal & interest on a 30-year fixed at 20% down ($183,760 loan), with property tax, insurance held constant at $322/mo. Current 30-year fixed 6.649% (Freddie Mac PMMS, as of 2026-08-05). Estimate only; not a loan offer.
Owning 741 Lake Terrace Dr runs about $1,502/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 $203,400 trails the $229,700 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $1,415 now to roughly $1,598 (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 37217 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $224 | $209 median | - |
| Price position | 58th pctile | +7% vs median | - |
| Nashville 37217 vs greater Nashville | - | -38% | - |
This listing beside the active Nashville 37217 market and recent recorded closings. Computed by Grant Hammond from RealTracs via IDX, as of 2026-08-07.
At $224/sq ft, this home ranks in the 58th percentile of the 131 active homes in Nashville 37217 by price per square foot.
Nashville 37217 trades about 38% below greater Nashville on a price-per-square-foot basis.
Taken together, this home reads in line with Nashville 37217 on a per-square-foot basis.
Computed by Grant Hammond from 131 Nashville 37217 comparables (RealTracs via IDX), as of 2026-08-07, 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 | 73 in Nashville 37217 homes |
|---|---|
| Recent absorption | about 12.8 sales / mo |
| Months of inventory | 5.7 months, a balanced market |
Supply-side and recent-sale context for Nashville 37217 homes. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37217 homes closings. Source RealTracs via IDX, as of 2026-08-07.
741 Lake Terrace Dr sits in Harbor Gate, Nashville, Davidson County.
In Nashville 37217, homes there are priced around $209 per square foot; inventory in Nashville 37217 homes is running at about 5.7 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from RealTracs via IDX, as of 2026-08-07.
741 Lake Terrace Dr is zoned for Smith Springs Elementary School, John F. Kennedy Middle, Cane Ridge 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 741 Lake Terrace Dr - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
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Listed with Professional Real Estate Services. 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 (August 5, 2026), 741 Lake Terrace Dr, Nashville is active, per RealTracs. Contact Grant Hammond, Compass RE, for current availability.
741 Lake Terrace Dr, Nashville is listed at $229,700, about $224 per square foot across 1,024 square feet.
2 bedrooms and 1.5 bathrooms (1 full, 1 half).
About $224 per square foot ($229,700 across 1,024 sqft).
741 Lake Terrace Dr, Nashville was built in 1984.
No garage is reported in the listing.
No HOA dues are reported for this home.
741 Lake Terrace Dr, Nashville is in the Harbor Gate subdivision of Nashville.
About $1,502 a month with 20% down on a 30-year fixed at 6.649%, principal and interest $1,180, estimated property tax $133, insurance $189. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
741 Lake Terrace Dr, Nashville is zoned for Smith Springs Elementary School, John F. Kennedy Middle, Cane Ridge High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 741 Lake Terrace Dr, 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 $224 per square foot, 741 Lake Terrace Dr, Nashville ranks in the 58th percentile of active Nashville 37217 listings by price per square foot, roughly 7% above the Nashville 37217 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37217 homes market is currently balanced, at about 5.7 months of inventory, per RealTracs as of 2026-08-07.
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