501 Lemont Dr, Nashville, TN 37216
501 Lemont Dr, Nashville, TN 37216, Conditional at $390,000 ($290/sq ft). 3 bd · 1.5 ba (1 full, 1 half) · 1,343 sqft · $290/sqft · 0.97 ac.
501 Lemont Dr, Nashville, TN 37216, Conditional at $390,000 ($290/sq ft). 3 bd · 1.5 ba (1 full, 1 half) · 1,343 sqft · $290/sqft · 0.97 ac.
Conditional · $390,000
MLS #3610893 · listed September 6, 2026 · 26 days on market · updated October 2, 2026
3-bed, 1.5-bath home at 501 Lemont Dr in Gra Mar Acres, Nashville, 1,343 sqft, $390,000 ($290/sqft), by Compass Tennessee, LLC.
501 Lemont Dr is a 3-bedroom, 1.5-bath home in Nashville, TN 37216, offered at $390,000, about $290/sq ft across 1,343 sq ft.
At $290/sq ft, this home is about 12% below the Nashville 37216 median list price per square foot of $329.
Market read: the Gra Mar Acres market is balanced, at about 4.3 months of inventory.
All-in, about $2,657/mo at 20% down (7.33% 30-year fixed).
Beyond principal and interest, the recurring carrying costs on this home (property tax, insurance) run about $512/mo, roughly 19% of the all-in monthly payment.
At the current 7.33% 30-year rate, principal and interest on this home runs about $2,145/mo; at the 6.81% rate of about three months ago it would be roughly $2,036/mo, so monthly P&I is about $109 higher now.
School zone: assigned to Hattie Cotton 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 501 Lemont Dr (comps, HOA, tours) and he replies personally, usually same day.
Analysis by Grant Hammond, Compass RE. Figures as of October 2, 2026. Realtracs via IDX.
This is a standard residential home, not a permitted short-term rental.
More context: homes for sale in Nashville.
Accepting backup offers.
Listing remarks via the Realtracs Internet Data Exchange.
Complete reported fields for 501 Lemont Dr (reference).
| Date | Event | Price | Change |
|---|---|---|---|
| Under contract | |||
| Listed | $390,000 | ||
| Deed recorded | $87,000 |
Listed September 6, 2026, this listing was on the market 26 days before it went under contract. It has been under contract since October 2, 2026.
County assessment from Davidson County public records; listing-cycle history tracked by the GH Market Engine.
Estimated monthly ownership for 501 Lemont Dr at $390,000: principal & interest, property tax, insurance. Estimate only; not a loan offer.
| List price | $390,000 |
|---|---|
| Property tax basis | Assessed value × 25% (TN residential ratio) × the Metro Nashville / Davidson County rate |
Estimated total monthly payment for 501 Lemont Dr is about $2,657/mo, 20% down on a 30-year fixed at 7.33% (a conforming loan), including principal & interest $2,145, estimated property tax $229, homeowners insurance $283. Estimate only; not a loan offer.
| Principal & interest | $2,145/mo |
|---|---|
| Property tax (est.) | $229/mo |
| Homeowners insurance (est.) | $283/mo |
| Estimated total | $2,657/mo |
Assumes 20% down, 30-year fixed at 7.33% (Mortgage News Daily, as of October 23, 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 |
|---|---|---|---|
| 6.33% | $1,937/mo | $2,449/mo | -$208/mo |
| 6.83% | $2,040/mo | $2,552/mo | -$105/mo |
| 7.33% | $2,145/mo | $2,657/mo | current |
| 7.83% | $2,252/mo | $2,764/mo | +$107/mo |
| 8.33% | $2,362/mo | $2,874/mo | +$217/mo |
Principal & interest on a 30-year fixed at 20% down ($312,000 loan), with property tax, insurance held constant at $512/mo. Current 30-year fixed 7.33% (Mortgage News Daily, as of October 23, 2026). Estimate only; not a loan offer.
Owning 501 Lemont Dr runs about $2,657/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 37216 active | Recently sold |
|---|---|---|---|
| Price / sq ft | $290 | $325 median | - |
| Price position | 25th pctile | -11% vs median | - |
This listing beside the active Nashville 37216 market and recent recorded closings. Computed by Grant Hammond from Realtracs via IDX, as of October 25, 2026.
At $290/sq ft, this home ranks in the 25th percentile of the 203 active homes in Nashville 37216 by price per square foot.
Computed by Grant Hammond from 203 Nashville 37216 comparables (Realtracs via IDX), as of October 25, 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 | 5 in Gra Mar Acres |
|---|---|
| Recent absorption | about 1.2 sales / mo |
| Months of inventory | 4.3 months, a balanced market |
Supply-side and recent-sale context for Gra Mar Acres. Sale figures are trailing 6/12/24-month medians of recorded Gra Mar Acres closings. Source Realtracs via IDX, as of September 30, 2026.
501 Lemont Dr sits in Gra Mar Acres, Nashville, Davidson County.
In Nashville 37216, homes there are priced around $329 per square foot; inventory in Gra Mar Acres is running at about 4.3 months, a balanced market.
Neighborhood housing-market facts computed by Grant Hammond from Realtracs via IDX, as of October 3, 2026.
Approximately 5.0 miles from downtown Nashville (straight-line distance).
501 Lemont Dr is zoned for Hattie Cotton 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 501 Lemont Dr - plus tour times if you want them. Grant Hammond, Compass RE, replies personally, usually the same day.
Comparable listings near 501 Lemont Dr, by price and size.
Listed with Compass Tennessee, LLC. 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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Nashville real estate data and housing market analysis for October 2010. Track Nashville home prices, closings and inventory trends relative to the entire Nashville real estate market.
As of the latest update (October 2, 2026), 501 Lemont Dr, Nashville is under contract and still being shown, per Realtracs. Contact Grant Hammond, Compass RE, for current availability.
501 Lemont Dr was listed on September 6, 2026 and went under contract on October 2, 2026, after 26 days on the market, per Realtracs.
No. The asking price has been $390,000 since it was listed on September 6, 2026.
501 Lemont Dr, Nashville is listed at $390,000, about $290 per square foot across 1,343 square feet.
3 bedrooms and 1.5 bathrooms (1 full, 1 half).
About $290 per square foot ($390,000 across 1,343 sqft).
501 Lemont Dr, Nashville was built in 1959.
Yes, 1 garage spaces, per the listing.
No HOA dues are reported for this home.
501 Lemont Dr, Nashville is in the Gra Mar Acres subdivision of Nashville.
About $2,657 a month with 20% down on a 30-year fixed at 7.33%, principal and interest $2,145, estimated property tax $229, insurance $283. Estimate only; not a loan offer. Adjust the down payment, term, loan type, and rate in the financing calculator on this page.
501 Lemont Dr, Nashville is zoned for Hattie Cotton Elementary, Jere Baxter Middle, Maplewood Comp High School. Attendance zones and enrollment change, verify current zoning with the Metro Nashville Public Schools district.
No, 501 Lemont 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 $290 per square foot, 501 Lemont Dr, Nashville ranks in the 27th percentile of active Nashville 37216 listings by price per square foot, roughly 12% below the Nashville 37216 median. This is comp-based analysis by Grant Hammond, Compass RE, not an appraisal.
The Gra Mar Acres market is currently balanced, at about 4.3 months of inventory, per Realtracs as of September 30, 2026.
Thinking of selling in Gra Mar Acres?
Get a data-driven estimate of your home's value from Grant Hammond, Compass RE.