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$4,000,000   Price Analysis
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321 Larkin Springs Rd
Madison, TN 37115
Unknown bed None bath unknown SqFt ($0/SqFt)
3.83 acre lot. Built 2024
Listed 2024-05-07, Taxes $2,342		Ⓧ USDA Ineligible
due to price & location
near Nashville

This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING )

Which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR's or you could build Apartments with this current zoning. 5.95 acres Plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannt be Short Term Rentals . For a Total of 7 3 units. (70 Townhomes and 3 single family homes )on all 3 parcels.

We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would Possibly be interested in a partnership/JV


Presented by Chase Nelson at
Exp Realty.


Property MLS #2652326 from RealTracs

Garage Spaces: 2
Garage Description: ATCHR
Parking Features: ATCHR

Lot Size Acres: 3.825023
Lot Size Square Feet: 166618

Elementary School: Neely's Bend Elementary
High School: Hunters Lane Comp High School
Middle School: Madison Middle

Neely's Bend Elementary School is a public elementary school located approximately 1.4 miles away.
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Hunters Lane Comp High School is a public high school located approximately 4.1 miles away.
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Madison Academy is a private high school located approximately 0.4 miles away.
directions icon Map directions

Boy's Prep is a public middle school located approximately 0.9 miles away.
directions icon Map directions

Number of Units: 73
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 4
Bedrooms in Unit-3: 4
Bedrooms in Unit-4: 4
Full Bathrooms in Unit-1: 3
Full Bathrooms in Unit-2: 3
Full Bathrooms in Unit-3: 3
Full Bathrooms in Unit-4: 3
Half Bathrooms in Unit-1: 1
Half Bathrooms in Unit-2: 1
Half Bathrooms in Unit-3: 1
Half Bathrooms in Unit-4: 1

Association Fee Amenities: Pool

Annual Tax Amount: 2342
Source Listing Status: Active
County: Davidson County, TN
Directions: It's 4 miles from The Home Depot in East Nashville to the property, Go Gallitan Pike 3.3 miles out of East Nashville Toward Madison Tn, Turn Right on Neely's Bend go 1.6 miles , Turn Left on Larkin Springs, Land is Half a mile down on the right
Source Property Type: Multi-Family
Source Neighborhood: Larkin Springs Short Term Rentals
Subdivision: Larkin Springs Short Term Rentals
Zoning: MUL-A
Property Subtype: More than 4 Units
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$unknown + $80,160
$80,160		$2,342
2021$unknown + $80,160
$80,160		$2,367
2020$unknown + $80,160
$80,160		$3,036
2019$unknown + $80,160
$80,160		$2,208
2018$unknown + $80,160
$80,160		$2,208
2017$unknown + $80,160
$80,160		$2,208
2016$unknown + $53,440
$53,440		$2,096
2015$unknown + $53,440
$53,440		$2,096
2014$unknown + $53,440
$53,440		$2,096
2013$unknown + $53,440
$53,440		$2,096

Listed 2024-05-07
$4,000,000
RealTracs
Listing removed 2021-09-28
$0
RealTracs
Relisted 2021-09-08
$1,600,000
RealTracs
Listing removed 2021-09-01
$0
RealTracs
Relisted 2021-05-27
$1,600,000
RealTracs
Listing removed 2021-05-01
$0
RealTracs
Listing removed 2021-01-12
$0
RealTracs
Relisted 2021-01-02
$1,600,000
RealTracs
Relisted 2021-01-02
$1,600,000
RealTracs
Listing removed 2021-01-01
$0
RealTracs
Listing removed 2021-01-01
$0
RealTracs
Listing removed 2020-07-07
$1,600,000
RealTracs
Relisted 2020-06-04
$1,600,000
RealTracs
Relisted 2020-06-04
$1,600,000
RealTracs
Listing removed 2020-06-01
$0
RealTracs
Listing removed 2020-06-01
$0
RealTracs
Listed 2019-06-14
$1,600,000
RealTracs
Listed 2019-06-14
$1,600,000
RealTracs
Listing removed 2019-03-04
$0
RealTracs
Listing removed 2019-03-04
$0
RealTracs
Listing removed 2019-02-01
$1,600,000
RealTracs
Listing removed 2018-12-31
$1,600,000
RealTracs
Price Changed 2018-12-02
$1,600,000
RealTracs
Relisted 2018-12-01
$1,600,000
RealTracs
Listing removed 2018-10-02
$1,880,000
RealTracs
Listed 2018-10-02
$1,880,000
RealTracs
Listing removed 2018-10-01
$1,880,000
RealTracs
Listing removed 2018-10-01
$1,880,000
RealTracs
Price Changed 2018-09-17
$1,880,000
RealTracs
Price Changed 2018-09-17
$1,880,000
RealTracs
Price Changed 2018-08-21
$1,885,000
RealTracs
Relisted 2018-08-21
$1,885,000
RealTracs
Listing removed 2018-08-07
$1,890,000
RealTracs
Price Changed 2018-08-07
$1,890,000
RealTracs
Listing removed 2018-07-01
$1,900,000
RealTracs
Listing removed 2018-07-01
$1,900,000
RealTracs
Listed 2018-07-01
$1,900,000
RealTracs
Listed 2018-07-01
$1,900,000
RealTracs
Listed 2018-05-10
$1,900,000
RealTracs
Listed 2018-05-10
$1,900,000
RealTracs
Sold 2016-09-07
$200,000
Public Record

Year Built: 2024
Living Area Source: Tax Record
New Construction: Yes
Levels or Stories: 1.00
Year Built Details: New

Sewer: PUSEW
Water Source: City Water

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.