601 Madison St 202, Nashville, TN 37208
601 Madison St 202, Nashville, TN 37208, Conditional at $599,900 ($604/sq ft). 1 bd · 1 ba · 993 sqft · $604/sqft · 0.02 ac.
601 Madison St 202, Nashville, TN 37208, Conditional at $599,900 ($604/sq ft). 1 bd · 1 ba · 993 sqft · $604/sqft · 0.02 ac.
Exterior of the brick building with a stone-framed entry and iron fence along the sidewalk.
Conditional · $599,900
MLS #3602909 · listed September 21, 2026 · 24 days on market · updated October 15, 2026
1-bed, 1-bath condo at 601 Madison St 202 in Elliott School, Nashville, 993 sqft, $599,900 ($604/sqft), by Compass RE.
601 Madison St 202 is a 1-bedroom, 1-bath condo in Nashville, TN 37208, offered at $599,900, about $604/sq ft across 993 sq ft.
Recently sold in Nashville 37208: 96 comparable condos from $395,000 to $799,999, a median of $315/sq ft.
Market read: the Nashville 37208 condos market is buyer-favored as of October 28, 2026, at about 11.7 months of inventory; recent sales have closed near 98.8% of list in the 12 months to October 29, 2026.
All-in, about $4,433/mo at 20% down (7.35% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this condo (property tax, insurance, and HOA) run about $1,126/mo, roughly 25% of the all-in monthly payment.
At the current 7.35% 30-year rate, principal and interest on this condo runs about $3,307/mo; at the 6.77% rate of about three months ago it would be roughly $3,119/mo, so monthly P&I is about $188 higher now.
Next step: ask Grant Hammond anything about 601 Madison St 202 (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 15, 2026. Realtracs via IDX.
This is a condominium; HOA dues and building context are factored into the cost and pricing analysis below.
More context: Nashville condos and building guides.
Historic character meets modern city living in the heart of Germantown. Located inside the beautifully restored Elliott School building, Unit 202 is a true one-bedroom condo with a fully enclosed bedroom plus a separate office/flex space - perfect for working from home, guests or extra storage. 13-foot ceilings, exposed brick, hardwood floors and five oversized windows fill the home with natural light. The open living, dining and kitchen areas feel bright and spacious, while the separate bedroom and flex space offer functionality that's hard to find in a one-bedroom condo. Residents of Elliott School enjoy a rooftop terrace with Downtown Nashville skyline views (perfect for fourth of July fireworks!) indoor and outdoor entertaining spaces, fitness center, fenced dog area and outdoor space with a fire pits. Sale also includes 1 of 5 storage units in the building. All of this in one of Nashville's most walkable neighborhoods, just minutes from Germantown's restaurants and coffee shops, Bicentennial Capitol Mall, Nashville Farmers' Market, First Horizon Park and Downtown. Historic charm, a functional floor plan and an unbeatable Germantown location.
Listing remarks via the Realtracs Internet Data Exchange.
The listing photos show a brick building with a stone-framed entry and tall windows. Inside, the unit has exposed brick walls, wood floors and tall windows with roller shades. The entry opens into a dining area with pendant lights and a narrow flex room with a window in Nashville.
Seen in the photos: exposed brick walls, wood floors, tall windows, pendant lighting, stone-framed entry, dining area, flex room, console table.
Described from the Realtracs listing photos; measurements, counts and features per the listing and county records on this page.
Complete reported fields for 601 Madison St 202 (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Under contract | |||
| Listed | $599,900 | ||
| Deed recorded | $650,000 | ||
| Deed recorded | $625,000 | ||
| Deed recorded | $500,625 | ||
| Quitclaim deed | $0 |
Listed September 21, 2026, this listing was on the market 24 days before it went under contract. It has been under contract since October 15, 2026.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
601 Madison St 202 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 |
|---|---|---|---|
| Under contract | n/a | Realtracs MLS #3602909 | |
| List price | $599,900 | Realtracs MLS #3602909 | |
| Listed for sale | n/a | Realtracs MLS #3602909 | |
| by | Listed for sale | n/a | Realtracs MLS #2551670 |
| Sold (public record) | $650,000 | Public record | |
| Sold (public record) | $625,000 | Public record | |
| Sold (public record) | $500,625 | Public record |
Realtracs listing activity before June 19, 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 601 Madison St 202 by year: $457,400 in 2022 to $650,100 in 2025, a change of +42%. 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 | $121,000 | $529,100 | $0 | $650,100 | ROLL |
| 2022 | $120,000 | $337,400 | $0 | $457,400 | 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 601 Madison St 202 at $599,900: principal & interest, property tax, insurance, and the HOA fee decomposed below. Estimate only; not a loan offer.
| List price | $599,900 |
|---|---|
| HOA dues | $420 / mo |
| HOA fee includes | Confirm per building (commonly insurance, exterior maintenance, amenities); the fee is part of true monthly cost. |
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 601 Madison St 202 is about $4,433/mo, 20% down on a 30-year fixed at 7.35% (a conforming loan), including principal & interest $3,307, estimated property tax $352, homeowners insurance $354, and HOA dues $420. Estimate only; not a loan offer.
| Principal & interest | $3,307/mo |
|---|---|
| Property tax (est.) | $352/mo |
| Homeowners insurance (est.) | $354/mo |
| HOA dues | $420/mo |
| Estimated total | $4,433/mo |
Assumes 20% down, 30-year fixed at 7.35% (Mortgage News Daily, as of October 28, 2026). Property tax uses the Davidson County Urban 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 |
|---|---|---|---|
| 6.35% | $2,986/mo | $4,112/mo | -$321/mo |
| 6.85% | $3,145/mo | $4,271/mo | -$162/mo |
| 7.35% | $3,307/mo | $4,433/mo | current |
| 7.85% | $3,471/mo | $4,597/mo | +$164/mo |
| 8.35% | $3,639/mo | $4,765/mo | +$332/mo |
Principal & interest on a 30-year fixed at 20% down ($479,920 loan), with property tax, insurance, and HOA held constant at $1,126/mo. Current 30-year fixed 7.35% (Mortgage News Daily, as of October 28, 2026). Estimate only; not a loan offer.
Owning 601 Madison St 202 runs about $4,433/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.
| HOA dues | $420 / mo (about 9% of the estimated total payment) |
|---|---|
| HOA per year | $5,040 |
| HOA over 5 years | $25,200 (at current dues) |
| Effective carrying cost | $4.464 / sq ft / mo (estimated total over 993 sq ft) |
HOA dues are part of true monthly cost and typically cover items such as building insurance, exterior maintenance, and amenities; coverage varies by building. Dues can change and buildings may levy special assessments, so review the current budget, reserve study, and any planned assessments before offering. Figures use current dues; estimate only, not a loan offer.
| Metric | This condo | Nashville 37208 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $604 | $328 median | $315 median |
| Price position | 90th pctile | +84% vs median | ~98.8% of list |
| Recent closings | - | - | 96 sales |
This listing beside the active Nashville 37208 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of November 3, 2026.
Among the 298 active condos in Nashville 37208, this condo at $604/sq ft falls in the 90th percentile on price per square foot.
Computed by Grant Hammond from 298 Nashville 37208 comparables (Realtracs via IDX), as of November 3, 2026, refreshed weekly.
| Active listings | 138 in Nashville 37208 condos |
|---|---|
| Recent absorption | about 11.8 sales / mo |
| Months of inventory | 11.7 months, a buyer-favored market (ample supply) |
Over the past 12 months, homes in Nashville 37208 condos sold at about 98.8% of list price.
Recorded sales in Nashville 37208 condos: 216 in the past 12 months.
Supply-side and recent-sale context for Nashville 37208 condos. Sale figures are trailing 6/12/24-month medians of recorded Nashville 37208 condos closings. Source Realtracs via IDX, as of October 28, 2026.
601 Madison St 202 sits in Elliott School, Nashville, Davidson County.
In Nashville 37208, homes there are priced around $330 per square foot; inventory in Nashville 37208 condos is running at about 11.7 months, a buyer-favored market; recent sales closed near 98.8% of list price; 96 sales have been recorded in the past year.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 29, 2026.
Approximately 1.0 mile from downtown Nashville (straight-line distance).
601 Madison St 202 is zoned for Jones Paideia Magnet, John Early Paideia Magnet, Pearl Cohn Magnet 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 601 Madison St 202 - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 601 Madison St 202, by price and size.
Listed with Compass RE. 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 (October 15, 2026), 601 Madison St 202, Nashville is under contract and still being shown, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
601 Madison St 202 was listed on September 21, 2026 and went under contract on October 15, 2026, after 24 days on the market, per Realtracs.
No. The asking price has been $599,900 since it was listed on September 21, 2026.
The listing photos show a brick building with a stone-framed entry and tall windows. Features seen in the photos include exposed brick walls, wood floors, tall windows, pendant lighting, stone-framed entry and dining area. Described from the Realtracs listing photos.
601 Madison St 202, Nashville is listed at $599,900, about $604 per square foot across 993 square feet.
1 bedroom and 1 bathroom.
About $604 per square foot ($599,900 across 993 sqft).
601 Madison St 202, Nashville was built in 1916.
No garage is reported in the listing.
HOA dues are $420 per month, as listed.
601 Madison St 202, Nashville is in the Elliott School subdivision of Nashville.
About $4,433 a month with 20% down on a 30-year fixed at 7.35%, principal and interest $3,307, estimated property tax $352, insurance $354, and HOA $420. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
601 Madison St 202, Nashville is zoned for Jones Paideia Magnet, John Early Paideia Magnet, Pearl Cohn Magnet High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
HOA dues are $420 per month; coverage varies by building (commonly insurance, exterior maintenance, and amenities). Confirm the fee-includes for this building.
At $604 per square foot, 601 Madison St 202, Nashville is in the 90th percentile of active listings in the Nashville 37208, about 83% above the $330 building median, on a fee-adjusted price-per-square-foot basis. Comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
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 and 350+ Nashville high-rise condo sales. Use the tour or question form on this page.
At about $604 per square foot, 601 Madison St 202, Nashville ranks in the 90th percentile of active Nashville 37208 listings by price per square foot, roughly 83% above the Nashville 37208 median; recent comparable sales in Nashville 37208 closed near $315 per square foot. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Nashville 37208 condos market is currently buyer-favored (ample supply), at about 11.7 months of inventory; recent sales have closed near 98.8% of list price over the past year, per Realtracs as of October 28, 2026.
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