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509 Lentz Drive

509 Lentz Drive, Madison, TN 37115
Commercial in Davidson
509 Lentz Drive in Madison, TN was first built in 1980 and is 44 years old. This has been categorized as a office property type. It is a single story home. 509 Lentz Drive has 2,488 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,980 ft and the linear feet between the front and back of the lot is 1,050. In total, the area measurement of the land is 21,344 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 509 Lentz Drive was last sold in Aug 27, 2020 for $450,000. According to our calculations, that's $177.30 per sqft. Prior to that sales transaction, the property was sold for $300,000 in May 21, 2019. Current property owners are expected to pay $6,021 in taxes per year. The property on 509 Lentz Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $185,040. To break that down further, the land itself was valued at $54,320. While improvements to the property were assessed at a total of $130,720. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,344
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 1,980
  • Total Building Area: 2,538
  • Gross Building Area: 2,538
  • Building Area: 2,538
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,488
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Subdivision: MEDICAL CENTER PLAN
  • Land Acres: 0.49
  • Standard Land Use Code: Office bldg (general)
  • Legal Description 1: LOT 1 MEDICAL CENTER PLAN RE-SUB LOT 4

Ownership

  • Current Owner : FIN MANAGEMENT SERVICES LLC
  • Previous Owner : GOOD NEIGHBOR PROPERTIES LLC
  • Owner Before Previous Owner: DAVIS KENNETH D
  • Owner Before Previous Owner 2: DAVIS VIRGINIA A
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Metropolitan Nashville Public School District
  • Census Tract: 010802

Zoning

  • Zoning: OG

Geography

  • Parcel: 051-06-0-051-00
  • Lot: 1,4
  • Municipality: 55-USD
  • Latitude: 36.2478
  • Longitude: -86.7382

    Address

  • Full Address: 509 Lentz Dr
  • Address - House Number: 509
  • Address - Street Name: Lentz
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Madison
  • Carrier Code: C006
  • 4-Digit Zip Code: 5101
  • Zip Code: 37115

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,021
  • Tax Rate Code Area: USD

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $382,500
  • First Open Lien Mortgage Lender: VOLUNTEER STATE BANK
  • First Open Lien Mortgage Recording Date: Sep 08, 2020
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $382,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Sep 08, 2050

    Market Valuation

  • Market Total Value: $462,600
  • Market Land Value: $135,800
  • Market Improvement Value: $326,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $185,040
  • Assessed Land Value: $54,320
  • Assessed Improvements Value: $130,720

    Sales

  • Current Sale Contract Date: Aug 27, 2020
  • Current Sale Recording Date: Sep 08, 2020
  • Current Sale Transaction ID: 11785728134
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200908-0102048
  • Previous Sale Recording Date: May 22, 2019
  • Previous Sale Contract Date: May 21, 2019
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: VOLUNTEER STATE BANK
  • First Mortgage Transaction Date: Sep 08, 2020
  • First Mortgage Loan Amount: $382,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 509 Lentz Drive located in?
The 509 Lentz Drive is a commercial located in the neighborhood of Davidson in Nashville-Davidson, Madison.
What is the average sales price for listings in 509 Lentz Drive?
The average sales price for units in 509 Lentz Drive is $0 currently.

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