114 Northwood Ln, McMinnville, TN, 37110
About This Home
Income-producing property in a prime McMinnville location, just minutes from the town center. The main building is currently leased to a daycare at $2,800/month, with additional on-site structures generating $800/month, for a total of $3,600 in monthly income. The property is zoned residential with a commercial exemption, offering flexibility and potential for continued commercial use. The primary building has been updated and features two large open areas, a kitchen, bathroom, office, stage, music/storage closets, and an existing sound stage setup. Multiple buildings are located on the property, providing diversified income streams. Seller financing may be available with acceptable terms. Photos will be updated prior to going active; current photos are not representative of the property’s present condition. Do not disturb tenant. Showings by appointment only.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2001
Materials
- Construction materials: Aluminum Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Built-In Electric Oven,Built-In Electric Range
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Features
- Flooring: Carpet
- Finished area above ground: 3,680
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 3,680
- Total interior livable area: 3,680 sqft
Property
Details
- Parcel number: 059 00304 000
- Special condition: Standard
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 0.75 Acres
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
- Cold Wave
- Strong Wind
- Tornado
- Winter Weather
- Earthquake
- Inland Flooding
- Lightning
- Hail
- Ice Storm
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,275 | $27,300 |
| Home Insurance | $291 | $3,492 |
| Property Taxes | $161 | $1,932 |
| Electricity | $299 | $3,588 |
| Total | $3,026 | $36,312 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-31 | Listed for sale | $450,000 |
| 2026-03-16 | Listing removed | $450,000 |
| 2026-02-20 | Listed for sale | $450,000 |
| 2025-10-30 | Listing removed | $280,000 |
| 2025-01-11 | Listed for sale | $280,000 |
| 2023-11-17 | Listing removed | $280,000 |
| 2023-11-14 | Price change | $280,000 |
| 2023-08-30 | Listed for sale | $285,000 |
| 2022-11-10 | Sold | $110,000 |
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