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244 Liberty Ln, Madison, TN, 37115

--beds
--baths
0sqft
$2,350,000
--price/sqft
$14,284/moest. monthly cost
$571,360/yrincome needed

About This Home

The Liberty Lane Collective at 244 and 252 Liberty Lane presents a rare opportunity to acquire a fully entitled 3.18-acre residential development in the heart of one of Middle Tennessee's fastest-growing corridors. Approved for 51 residential units, this shovel-ready Specific Plan (SP) development is strategically positioned just minutes from the transformative $450 million Rivergate Mall Master Planned Community and surrounded by multiple large-scale redevelopment projects that are reshaping Madison's future.The approved plan includes 37 townhomes and 7 attached duplex buildings (51 total units), offering the flexibility to pursue build-to-rent, for-sale, or short-term rental investment strategies. Designed with today's residents in mind, the community features a dedicated clubhouse complete with co-working spaces, fitness center, and gathering areas to create a true neighborhood atmosphere. Infrastructure advantages include public utilities already serving the property, 109 approved on-site parking spaces, and the preservation of a historic dry-stack stone wall that adds unique character to the development. Located less than 15 miles from Downtown Nashville, this site offers convenient access to major employment centers while benefiting from the tremendous public and private investment transforming the Rivergate and Madison area. With entitlements already in place, The Collective allows developers to bypass the lengthy zoning process and move directly toward construction in one of the region's most promising growth corridors. Opportunities to acquire a development-ready project of this scale in such a high-growth location are becoming increasingly scarce.

Getting Around

22
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

3/10
4/10

Construction

Condition

  • Year built: 2026

Materials

  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Features

  • Flooring: Other
  • Finished area above ground: 0

Heating & Cooling

  • Heating features: Other
  • Cooling features: Other

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 02600003500
  • Attached to another structure: Yes
  • Zoning: SP
  • Special condition: Standard

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Inland Flooding
Tornado
Cold Wave
Earthquake
Heat Wave
Strong Wind

FEMA Declared Disasters Across Tennessee Counties

Flood
Freezing
Severe Ice Storm
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $11,882$142,584
Home Insurance $1,111$13,332
Property Taxes $1,116$13,392
Electricity $175$2,103
Total$14,284$171,408

Income You'd Need if You Spent...

35% on housing$489,737/yr
40% on housing$428,520/yr
45% on housing$380,906/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.4%
8.4%
0%30.0%
Electricity Growth Rate10-year average: 4.5%
4.5%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 37115$166
Davidson County$301

vs Homes Sold Last Month

Median $/sqft

ZIP 37115$232
Davidson County$268

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Listed for sale$2,350,000
2024-01-24Sold$490,000
2015-07-01Sold$199,900
2013-12-11Listed for sale$925,214
2013-10-18Listing removed$925,214
2013-09-15Listed for sale$925,214
2009-08-24Listing removed$365,000
2009-08-02Listed for sale$365,000

For Sale by Agent

AgentSteve Frye
BrokeragesimpliHOM

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