238 Ellington Pl, Madison, TN 37115
238 Ellington Pl, Madison, TN 37115, Active at $245,000 ($216/sq ft). 2 bd · 2 ba · 1,132 sqft · $216/sqft · 0.03 ac.
238 Ellington Pl, Madison, TN 37115, Active at $245,000 ($216/sq ft). 2 bd · 2 ba · 1,132 sqft · $216/sqft · 0.03 ac.
Active · $245,000
MLS #3610211 · listed September 24, 2026 · 14 days on market · updated October 1, 2026
2-bed, 2-bath condo at 238 Ellington Pl in Ellington Place, Madison, 1,132 sqft, $245,000 ($216/sqft), by Keller Williams Realty.
238 Ellington Pl is a 2-bedroom, 2-bath condo in Madison, TN 37115, offered at $245,000, about $216/sq ft across 1,132 sq ft.
At $216/sq ft, this condo is about 4% below the Madison 37115 median list price per square foot of $225.
Market read: the Madison condos market is balanced, at about 5.2 months of inventory.
All-in, about $2,010/mo at 20% down (7.50% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this condo (property tax, insurance, and HOA) run about $640/mo, roughly 32% of the all-in monthly payment.
At the current 7.50% 30-year rate, principal and interest on this condo runs about $1,370/mo; at the 6.64% rate of about three months ago it would be roughly $1,257/mo, so monthly P&I is about $113 higher now.
Next step: ask Grant Hammond anything about 238 Ellington Pl (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 1, 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.
MUST SEE! Spacious, beautifully renovated ONE-LEVEL condo where comfort, style, and convenience come together! Everything feels like new, with thoughtful updates throughout and NO STAIRS making this an ideal home for easy everyday living and a wonderful forever home. Step inside to an inviting, light-filled interior featuring beautiful laminate flooring, abundant natural light, and a cozy wood-burning fireplace. The updated kitchen offers granite countertops, stainless steel appliances, microwave, stove, dishwasher, and a gorgeous tile backsplash. Stylish barn doors add character, while the dedicated office provides the perfect space for working from home, studying, or creating your own personal workspace.The spacious layout features TWO BEDROOMS, each with its OWN PRIVATE FULL BATHROOM! Both bathrooms have been beautifully updated with tile finishes. Spacious closets provide plenty of storage and organization.Enjoy your own private outdoor spaces with a PRIVATE BALCONY and PRIVATE BACKYARD perfect for morning coffee, relaxing, or entertaining. Residents also have access to the COMMUNITY POOL for additional recreation and relaxation. Additional features include a NEWER HVAC system and a washer and dryer that are negotiable with an accepted offer. The location is hard to beat! Approximately 7 MINUTES FROM DOWNTOWN NASHVILLE and conveniently located near Opry Mills, RiverGate, Nashville International Airport, shopping, restaurants, entertainment, and major roadways. ONE LEVEL "¢ NO STAIRS "¢ HUGE BEDROOMS "¢ PRIVATE BATHS "¢ UPDATED KITCHEN "¢ PRIVATE OUTDOOR SPACE "¢ COMMUNITY POOL "¢ GREAT LOCATION Come see why this beautifully updated condo is a place you'll be proud to call home!
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 238 Ellington Pl (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Listed | $245,000 | ||
| Deed recorded | $155,900 | ||
| Deed recorded | $75,000 | ||
| Deed recorded | $47,500 |
Listed September 24, 2026, this listing has been on the market 14 days as of October 8, 2026. The asking price has not changed since it was listed.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 238 Ellington Pl at $245,000: principal & interest, property tax, insurance, and the HOA fee decomposed below. Estimate only; not a loan offer.
| List price | $245,000 |
|---|---|
| HOA dues | $300 / 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 238 Ellington Pl is about $2,010/mo, 20% down on a 30-year fixed at 7.50% (a conforming loan), including principal & interest $1,370, estimated property tax $142, homeowners insurance $198, and HOA dues $300. Estimate only; not a loan offer.
| Principal & interest | $1,370/mo |
|---|---|
| Property tax (est.) | $142/mo |
| Homeowners insurance (est.) | $198/mo |
| HOA dues | $300/mo |
| Estimated total | $2,010/mo |
Assumes 20% down, 30-year fixed at 7.50% (Mortgage News Daily, as of October 8, 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 |
|---|---|---|---|
| 6.50% | $1,239/mo | $1,879/mo | -$131/mo |
| 7.00% | $1,304/mo | $1,944/mo | -$66/mo |
| 7.50% | $1,370/mo | $2,010/mo | current |
| 8.00% | $1,438/mo | $2,078/mo | +$68/mo |
| 8.50% | $1,507/mo | $2,147/mo | +$137/mo |
Principal & interest on a 30-year fixed at 20% down ($196,000 loan), with property tax, insurance, and HOA held constant at $640/mo. Current 30-year fixed 7.50% (Mortgage News Daily, as of October 8, 2026). Estimate only; not a loan offer.
Owning 238 Ellington Pl runs about $2,010/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 | $300 / mo (about 15% of the estimated total payment) |
|---|---|
| HOA per year | $3,600 |
| HOA over 5 years | $18,000 (at current dues) |
| Effective carrying cost | $1.784 / sq ft / mo (estimated total over 1,132 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 | Madison 37115 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $216 | $227 median | - |
| Price position | 40th pctile | -5% 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 8, 2026.
At $216/sq ft, this condo ranks in the 40th percentile of the 252 active condos in Madison 37115 by price per square foot.
Computed by Grant Hammond from 252 Madison 37115 comparables (Realtracs via IDX), as of October 8, 2026, refreshed weekly.
| Active listings | 63 in Madison condos |
|---|---|
| Recent absorption | about 12.1 sales / mo |
| Months of inventory | 5.2 months, a balanced market |
Supply-side and recent-sale context for Madison condos. Sale figures are trailing 6/12/24-month medians of recorded Madison condos closings. Source Realtracs via IDX, as of October 3, 2026.
238 Ellington Pl sits in Ellington Place, Madison, Davidson County.
In Madison 37115, homes there are priced around $225 per square foot; inventory in Madison condos is running at about 5.2 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 3, 2026.
Approximately 6.0 miles from downtown Nashville (straight-line distance).
238 Ellington Pl 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 238 Ellington Pl - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 238 Ellington Pl, by price and size.
Listed with Keller Williams Realty. 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.
Corporate housing expanded across Nashville condos as developers adapted to rising inventory during the housing downturn.
Across 258 closings with a recorded fee in 6 downtown towers, the fee a buyer carried at closing rose from a median $667 a month in 2024 to $834 in 2026. The 6 towers did not move together.
The Gulch condo market read for late May 2026: building-by-building active inventory across Twelve Twelve, Terrazzo, Pullman, and Icon, trailing 60-day closing patterns, and what the stalled pipeline means for resale pricing.
I sold condos at downtown Nashville towers for 25 years. Here is what I see in the four stalled SoBro and Midtown projects the Nashville Business Journal could not capture: Park Place, MidCity, Reed District, and the St. Regis.
As of the latest update (October 1, 2026), 238 Ellington Pl, Madison is active, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
238 Ellington Pl was listed on September 24, 2026 and has been on the market 14 days as of October 8, 2026, per Realtracs.
No. The asking price has been $245,000 since it was listed on September 24, 2026.
238 Ellington Pl, Madison is listed at $245,000, about $216 per square foot across 1,132 square feet.
2 bedrooms and 2 bathrooms.
About $216 per square foot ($245,000 across 1,132 sqft).
238 Ellington Pl, Madison was built in 1986.
No garage is reported in the listing.
HOA dues are $300 per month, as listed.
238 Ellington Pl, Madison is in the Ellington Place subdivision of Madison.
About $2,010 a month with 20% down on a 30-year fixed at 7.50%, principal and interest $1,370, estimated property tax $142, insurance $198, and HOA $300. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
238 Ellington Pl, 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.
HOA dues are $300 per month; coverage varies by building (commonly insurance, exterior maintenance, and amenities). Confirm the fee-includes for this building.
At $216 per square foot, 238 Ellington Pl, Madison is in the 41st percentile of active listings in the Madison 37115, about 4% below the $225 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. Use the tour or question form on this page.
At about $216 per square foot, 238 Ellington Pl, Madison ranks in the 41st percentile of active Madison 37115 listings by price per square foot, roughly 4% below the Madison 37115 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Madison condos market is currently balanced, at about 5.2 months of inventory, per Realtracs as of October 3, 2026.
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