113 Rhine Dr, Madison, TN 37115
113 Rhine Dr, Madison, TN 37115, Active at $580,000 ($349/sq ft). 3 bd · 2 ba · 1,664 sqft · $349/sqft · 1.79 ac.
113 Rhine Dr, Madison, TN 37115, Active at $580,000 ($349/sq ft). 3 bd · 2 ba · 1,664 sqft · $349/sqft · 1.79 ac.
Active · $580,000
MLS #3519325 · listed August 18, 2026 · 71 days on market · updated September 2, 2026
3-bed, 2-bath home at 113 Rhine Dr in Sherry Heights, Madison, 1,664 sqft, $580,000 ($349/sqft), by Urbane Residential Specialists.
113 Rhine Dr is a 3-bedroom, 2-bath home in Madison, TN 37115, offered at $580,000, about $349/sq ft across 1,664 sq ft.
At $349/sq ft, this home is about 54% above the Madison 37115 median list price per square foot of $227.
Recently sold in Madison 37115: 163 comparable homes from $379,175 to $767,500, a median of $227/sq ft.
Market read: the Madison homes market is balanced as of October 20, 2026, at about 4.3 months of inventory; recent sales have closed near 99.4% of list in the 12 months to October 21, 2026.
All-in, about $3,897/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 $684/mo, roughly 18% of the all-in monthly payment.
At the current 7.40% 30-year rate, principal and interest on this home runs about $3,213/mo; at the 6.77% rate of about three months ago it would be roughly $3,016/mo, so monthly P&I is about $197 higher now.
School zone: assigned to Chadwell Elementary, Jere Baxter Middle, Maplewood Comp High School. Attendance zones can change; verify current assignment with the district.
Next step: ask Grant Hammond anything about 113 Rhine Dr (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of September 2, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Madison.
Enjoy a 1.79 acre park-like setting with a charming, renovated and updated cottage nestled in the trees and lawn. The freshly sealed driveway is lined with pine trees leading to a two car garage, open toy shed, and lots of guest parking. This one of a kind home offers a flagstone walkway to the arched front door with porthole, stone fireplace, gorgeous hardwoods, two tile baths with spa shower panels, fully appointed kitchen with olive cabinets, new appliances, quartz counters, pot filler. Two bedrooms and one bath main floor. Laundry room. Upstairs: a private oasis with bedroom, double vanity bath, custom closet, sitting area. Add a 300+SF heated and cooled sunroom and lots of patio space, covered and uncovered. The charm of the original 1940's home is evident in some original doors, arches, fireplace, floors. See full list of upgrades and improvements. SELLER WILL CONSIDER LEASE PURCHASE/LAND CONTRACT
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 113 Rhine Dr (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Price change | $580,000 | -$15,000 (-2.5%) | |
| Listed | $595,000 | ||
| Deed recorded | $300,000 |
Listed August 18, 2026, this listing has been on the market 71 days as of October 28, 2026. The price has been reduced once, from $595,000 to $580,000 (-2.5%). The most recent change was first seen on our daily record September 20, 2026.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
113 Rhine Dr has 2 Realtracs listing records in the GH Market Engine archive. Every dated event the engine holds for this address, newest first, with its source.
| Date | Event | Price | Source |
|---|---|---|---|
| by | Price change | $580,000 | Realtracs MLS #3519325 |
| Listing removed | n/a | Realtracs MLS #3230771 | |
| Listed for sale | $595,000 | Realtracs MLS #3519325 | |
| Listed for sale | $600,000 | Realtracs MLS #3230771 | |
| Sold (public record) | $300,000 | Public record |
Realtracs listing activity before June 18, 2026 is not in our archive. Recorded sales come from Davidson County public records. "by" marks a date the archive learned after the fact.
The Davidson County Assessor's appraised value of 113 Rhine Dr by year: $79,200 in 1999 to $322,100 in 2025, a change of +307%. 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 | $71,000 | $229,400 | $21,700 | $322,100 | ROLL |
| 2021 | $66,000 | $142,800 | $19,200 | $228,000 | ROLL |
| 2017 | $44,000 | $101,200 | $16,400 | $161,600 | ROLL |
| 2013 | $33,000 | $71,900 | $15,800 | $120,700 | ROLL |
| 2009 | $38,500 | $92,600 | $12,100 | $143,200 | ROLL |
| 2005 | $36,000 | $76,400 | $10,400 | $122,800 | ROLL |
| 2001 | $30,000 | $58,200 | $9,800 | $98,000 | INF |
| 2000 | $20,100 | $40,100 | $9,500 | $79,200 | ROLL |
| 1999 | $20,100 | $40,100 | $9,500 | $79,200 | 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 113 Rhine Dr at $580,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $580,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 113 Rhine Dr is about $3,897/mo, 20% down on a 30-year fixed at 7.40% (a conforming loan), including principal & interest $3,213, estimated property tax $336, homeowners insurance $348. Estimate only; not a loan offer.
| Principal & interest | $3,213/mo |
|---|---|
| Property tax (est.) | $336/mo |
| Homeowners insurance (est.) | $348/mo |
| Estimated total | $3,897/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% | $2,902/mo | $3,586/mo | -$311/mo |
| 6.90% | $3,056/mo | $3,740/mo | -$157/mo |
| 7.40% | $3,213/mo | $3,897/mo | current |
| 7.90% | $3,372/mo | $4,056/mo | +$159/mo |
| 8.40% | $3,535/mo | $4,219/mo | +$322/mo |
Principal & interest on a 30-year fixed at 20% down ($464,000 loan), with property tax, insurance held constant at $684/mo. Current 30-year fixed 7.40% (Mortgage News Daily, as of October 20, 2026). Estimate only; not a loan offer.
Owning 113 Rhine Dr runs about $3,897/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 $322,100 trails the $580,000 list price. If the next reassessment moves the appraised value toward today's market, estimated annual property tax would rise from about $2,240 now to roughly $4,034 (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 | $349 | $228 median | - |
| Price position | 90th pctile | +53% 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 28, 2026.
This listing beside the active Madison 37115 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 21, 2026.
At $349/sq ft, this home ranks in the 90th percentile of the 256 active homes in Madison 37115 by price per square foot.
Computed by Grant Hammond from 256 Madison 37115 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 | 119 in Madison homes |
|---|---|
| Recent absorption | about 27.7 sales / mo |
| Months of inventory | 4.3 months, a balanced market |
Over the past 12 months, homes in Madison homes sold at about 99.4% of list price.
Recorded sales in Madison homes: 433 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 20, 2026.
113 Rhine Dr sits in Sherry Heights, 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 99.4% of list price; 163 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 7.3 miles from downtown Nashville (straight-line distance).
113 Rhine Dr is zoned for Chadwell Elementary, Jere Baxter Middle, Maplewood 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 113 Rhine Dr - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 113 Rhine Dr, by price and size.
Listed by Sher Powers, Urbane Residential Specialists. 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 (September 2, 2026), 113 Rhine Dr, Madison is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
113 Rhine Dr was listed on August 18, 2026 and has been on the market 71 days as of October 28, 2026, per Realtracs.
Yes. It was first listed at $595,000. The price has been reduced once, most recently to $580,000 by September 20, 2026, a total change of -2.5%.
113 Rhine Dr, Madison is listed at $580,000, about $349 per square foot across 1,664 square feet.
3 bedrooms and 2 bathrooms.
About $349 per square foot ($580,000 across 1,664 sqft).
113 Rhine Dr, Madison was built in 1940.
Yes, 2 garage spaces, per the listing.
No HOA dues are reported for this home.
113 Rhine Dr, Madison is in the Sherry Heights subdivision of Madison.
About $3,897 a month with 20% down on a 30-year fixed at 7.40%, principal and interest $3,213, estimated property tax $336, insurance $348. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
113 Rhine Dr, Madison is zoned for Chadwell Elementary, Jere Baxter Middle, Maplewood Comp High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 113 Rhine 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 $349 per square foot, 113 Rhine Dr, Madison ranks in the 90th percentile of active Madison 37115 listings by price per square foot, roughly 54% above the Madison 37115 median; recent comparable sales in Madison 37115 closed near $227 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 99.4% of list price over the past year, per Realtracs as of October 20, 2026.
Thinking of selling in Sherry Heights?
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